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Discussion :: Insurance Awareness

  1. When was general insurance business nationalised?
    2. A.
    1970
    B.
    1971
    C.
    1972
    D.
    1973

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    Answer : Option D

    Explanation :

    The nationalization of general insurance business from 1 Jan 1973, was the effect of the General Insurance Business (Nationalisation) Act. 107 insurers were grouped into four companies: National Insurance Company, the New India Assurance Company, the Oriental Insurance Company and the United India Insurance Company.

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