The insurance industry of India consists of ________.

35 insurance companies

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57 insurance companies

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62 insurance companies

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none of the above

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Solution

The correct option is B 57 insurance companies
The insurance industry of India consists of 57 insurance companies of which 24 are in life insurance business and 33 are non-life insurers.

Among the life insurers, Life Insurance Corporation (LIC) is the sole public sector company. Apart from that, among the non-life insurers there are six public sector insurers.

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