Question

Which of the following are General Insurance companies in the public sector?
(A) Oriental Insurance Company Limited
(B) New India Assurance Company Limited
(C) SBI General Insurance Company Limited
(D) United India Insurance Company Limited
Choose the correct answer from the options given below:

• A. (A), (B) and (C) only
• B. (A), (B) and (D) only
• C. (A), (B), (C) and (D)
• D. (B), (C) and (D) only

Hint:

Public sector general insurance companies in India are owned by the Government of India, such as Oriental Insurance, New India Assurance, and United India Insurance

Answer 1

The Correct Option is B

The public sector general insurance companies are: (A) Oriental Insurance Company Limited, (B) New India Assurance Company Limited, and (D) United India Insurance Company Limited. These entities are government-owned. (C) SBI General Insurance Company Limited is a private sector company, established as a joint venture involving the State Bank of India, and is therefore excluded.