Current Affairs

GK MCQs Section
Q. Which Public sector General Insurance company is not included in the capital infusion of PSGICs approved by the Cabinet?
Answer: New India Assurance Company Limited
Notes: The Union Cabinet has approved the capital infusion for an overall value of Rs.12,450 crore in the three Public Sector General Insurance Companies (PSGICs) namely Oriental Insurance Company Limited (OlCL), National Insurance Company Limited (NICL) and United India Insurance Company Limited (UIICL). This includes the Rs 2500 crore infused in the year 2019-20. The Cabinet also approved to increase the authorised share capital of NICL to Rs.7,500 crore and that of UIICL and OICL to Rs 5,000 crore.
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