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What is GIC (India)? | Full form, Founders, Private or Govt.?

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Questions:
  • What is GIC in India?
  • What is the full-form of GIC?
  • Is GIC is govt or private?
  • Who set-up GIC in India?

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What is GIC in India?

GIC Re is an reinsurance company, owned by Indian government. It is under the ownership of Ministry of Finance, Government of India. GIC is headquartered in Mumbai. It was established on 22nd of November, 1972 under Companies Act, 1956.

What is the full-form of GIC?

Full-form of GIC is General Insurance Corporation of India.

Is GIC is govt or private?

GIC Re is owned by Indian government under the Ministry of Finance, GoI.

Who set-up GIC in India?

On 22nd Nov. 1972, GIC Re was established by government of India under under Companies Act, 1956.

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