which public sector insurance company in india had never been susidiary of the general insurance corporation of india
Answers
IFFKO TOKYO. It is the only public sector insurance company which is not under General Insurance Corporation of India. It has several branches distributed all over India. It provides various forms of insurance like: Motor Insurance, Two Wheel Insurance, Health Insurance, Car Insurance, House Insurance and covers most of the sector of an insurance.
Public health insurance: The process of provision of funds by a government health insurance agency is called as public health insurance.
This competes with the other private health insurance companies which are not a subsidiary of the general insurance corporation of India.
There are 24 life insurance companies in India.
LIC is the only public sector insurance company and the others have been a subsidiary.
IFFCO Tokio: A private insurance company which is a joint between the Indian Farmers Fertilizer Co-operative (IFFCO) and its associates and Tokio Marine and Nichido Fire Group had never been subsidiary of the general insurance corporation of India.
Hence, the answer is IFFKCO Tokio.