Question

Which amongst the following is NOT an insurance company functioning in India?
1) ICICI Prudential 2) ING Vysya 3) ICICI Lombard
4) New India Assurance Company Limited
5) National Securities Depository Ltd.

Answer 1

None of these options is correct because all of these countries are located and functioning in India

Explanation:

• ING Vysya is located in Amritsar, Punjab, India and is also fucntioning here
• ICICI Prudential is alos located in Amritsay, Punjab India
• ICICI Lombard is located and functioning in Jalandhar, India
• New India Assurance Company Limited is Firzpor and Jalandhar India.
• National Securities Depository Ltd is at Naurang House, KG Marg, Connaught Place, New Delhi, Delhi 110001, India.

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Answer 2

National Securities Depository Limited is not an insurance company in India.  

Option 5)

Explanation:

• NSDL is the national authoritative body that holds the entire database for all the existing relevant and past securities that operate within India.
• Therefore it is an institution that does not promote or sell insurance schemes and is therefore not an insurance company.
• The rest options provided all are engaged in the business of insurance. NSDL acts as a securities database body and is a fundamental part of the financial industry of India.

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