Q. Which of the following has become the the first re-insurer to set up base in financial hub Gujarat International Finance Tec-City (GIFT City)?
Answer: General Insurance Corporation of India (GIC Re)
Notes: The General Insurance Corporation of India (GIC Re) has become the first re-insurer to open an office at India’s first International Financial Services Centre (IFSC) at Gujarat International Finance Tec-City (GIFT City). GIC Re is the wholly-owned by the government, which provide reinsurance support to life and non-life insurers in India and abroad. GIC Re’s foreign and domestic premium composition now stands at 45:55.
This question is part of Current Affairs Daily 20 MCQ Series Course on GKToday Android app.
