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    Question

    The Public Sector Insurance companies in India

    include: 
    A LIC and GIC Correct Answer Incorrect Answer
    B GIC and four subsidiaries Correct Answer Incorrect Answer
    C IRDA and LIC Correct Answer Incorrect Answer
    D LIC and private insurers Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Explanation: The correct answer is B. GIC and four subsidiaries. GIC (General Insurance Corporation of India) and its four subsidiaries (National Insurance Company, New India Assurance, Oriental Insurance, and United India Insurance) are the major public sector general insurance companies in India.

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