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    Question

    Which insurance company has become the second company to

    enter into the surety bonds business?
    A Life Insurance Corporation of India Correct Answer Incorrect Answer
    B United India Insurance Correct Answer Incorrect Answer
    C National Insurance Company Correct Answer Incorrect Answer
    D New India Assurance Correct Answer Incorrect Answer
    E Oriental Insurance Company Correct Answer Incorrect Answer

    Solution

    New India Assurance has become the second insurance company to enter into the surety bonds business after United India Insurance. The central government is pushing for surety bonds as an alternative to bank guarantees for government procurement.

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