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The New India Assurance Co. Ltd. was a subsidiary of which of the following company?
Answer & Solution
Correct Answer:
Option
A
Previously it was a subsidiary of the General Insurance Corporation of India (GIC). But when GIC became a re-insurance company as per the IRDA Act 1999, its four primary insurance subsidiaries New India Assurance, United India Insurance, Oriental Insurance and National Insurance got autonomy.
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