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Byju's Answer
Standard XI
Business Studies
Statutory Corporations and Its Features
Which of the ...
Question

Which of the following is a public sector insurance company?

A
New India Assurance Company
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B
Reliance Life Insurance Company
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C
Exide Life Insurance Company
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D
IDBI Federal Life Insurance Co. Ltd.
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Solution

The correct option is C New India Assurance Company
New India Assurance Company is a owned by the Government of India. It was founded by Sir Dorabji Tata in 1919 and was nationalized in 1973. Other three are private sector enterprises.

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