The General Insurance Corporation of India (GIC) operates today primarily as:
A{'text': 'A life insurer', 'letter': 'A'}
B{'text': 'A surveyor', 'letter': 'B'}
C{'text': 'A health insurer', 'letter': 'C'}
D{'text': 'The only reinsurer in India', 'letter': 'D'}
Answer & Solution
Correct answer: D. {'text': 'The only reinsurer in India', 'letter': 'D'}
1. The IRDA brochure tracks total insurers in operation in India.
2. The Agricultural Insurance Company is a specialised public-sector insurer.
3. GIC of India is described as the only reinsurer in addition to the 52 insurance companies in operation.
_Source: IRDA Brochure (irdai.gov.in — official IRDAI publication) — "As on date, there are 52 insurance companies in operation in addition to General Insurance Corporation of India, the only reinsurer."_