Current Affairs

Alice G. Vaidyan Awarded "Freedom of the City of London"

Alice G. Vaidyan, Chairman and Managing Director of the General Insurance Corporation (GIC) of India, India's reinsurance major, has been awarded the "Freedom of the City of London" in recognition of her work to promote insurance ties between India and the UK.
Alice G. Vaidyan Awarded "Freedom of the City of London"

About Alice G. Vaidyan:

  • Alice G. Vaidyan holds post graduate degree in English literature and has been trained at Harvard Business School, Boston, USA.
  • She is a Fellow of the Insurance Institute of India.
  • Alice G. Vaidyan was the first lady officer to assume the post of Chairman-cum-Managing Director of General Insurance Corporation of India.
  • She was also the first lady chairman-cum-managing director in the public-sector insurance industry (non-life) under the Ministry of Finance in India.

About the "Freedom of the City of London":

  • Freedom of the City of London is an honour bestowed by the City of London Corporation upon a valued member of the community, or upon a visiting celebrity or dignitary.
  • The genesis of the 'Freedom of the City of London' is traced to the medieval time of around 1237.
  • The honour enabled recipients to carry out their trade.
  • Over the years, the award has evolved into an honour bestowed upon individuals who make an impact in the financial hub of London, referred to as the City or the Square Mile.

Question:

Q. Who has been awarded the "Freedom of the City of London" in recognition of the work done by that person to promote insurance ties between India and the UK?
a. Allegra G. Vaidyan
b. Amy G. Vaidyan
c. Alice G. Vaidyan
d. Audrey G. Vaidyan
Alice G. Vaidyan Awarded "Freedom of the City of London" Alice G. Vaidyan Awarded "Freedom of the City of London" Reviewed by Neha Verma on April 13, 2019 Rating: 5

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