III IC-14 Practice Questions - III IC-14 Regulations Of Insurance Business (Insurance Institute Of India) Exam

General insurance business in India was nationalised in 1972, leading to the formation of:

Only the Life Insurance Corporation IRDAI as the sole insurer The General Insurance Corporation of India and four subsidiary companies State-level insurance monopolies with no central corporation

Correct Answer:

The General Insurance Corporation of India and four subsidiary companies

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