Question

Which of the following is the only public sector company in the filed of life insurance?
1) General Insurance Company 2) New India Assurance Company
3) Oriental Insurance Company 4) Sahara Life Insurance
5) Life Insurance Corporation of India

Answer 1

I think 2 is the answer

Answer 2

Public health insurance: The process of provision of funds by a government health insurance agency is called as public health insurance.

This competes with the other private health insurance companies which are not a subsidiary of the general insurance corporation of India.

There are 24 life insurance companies in India.

LIC is the only public sector insurance company and the others have been a subsidiary.

IFFCO Tokio: A private insurance company which is a joint between the Indian Farmers Fertilizer Co-operative (IFFCO) and its associates and Tokio Marine and Nichido Fire Group  had never been subsidiary of the general insurance corporation of India.

Hence, the answer is IFFKCO Tokio.

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