Question

LIC is an example of — (1)

(a) Departmental Activity (b) Statutory Corporation

(c) Government Company (d) Private Company​

Answer 1

private company is ur answer...

please mark IT brainliest

Answer 2

LIC is an example of statutory corporation.

Explanation:

Life Insurance Corporation of India is a type of statutory corporation, under the ownership of government of India, its a public enterprises brought into by a special act of parliament. its the oldest insurance company of India. LIC is the industry leader from the long time. LIC gives insurance to individuals upon the one which suits them the most and  it provides the easy claim procedure to its clients that's why it is the most trusted insurance corporation of India. its primary object is to spread the importance of life insurance among the rural area and weaker section society.