Agriculture Insurance Company of India Limited (AIC) was incorporated in which year?

A. 20th December 2004

B. 20th December 2002

C. 20th December 1999

D. 20th December 2007

Answer: Option B

Solution(By Examveda Team)

Agriculture Insurance Company of India Limited was incorporated under the Indian Companies Act 1956 on 20th December, 2002 with an authorised share capital of INR 15 billion and paid up capital of INR 2 billion. AIC commenced business from 1st April, 2003.