Question
Download Solution PDFWhich of the following is NOT a public sector insurance company?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is SBI Life Insurance.
Key Points
- SBI Life is an Indian life insurance company that was started as a joint venture between the State Bank of India and French financial institution BNP Paribas Cardiff.
- Hence SBI Life insurance is NOT a public sector insurance company.
Additional Information
Public Sector Insurance Companies:
| Name of Company | Year of Establishment | Headquarters |
|---|---|---|
| National Insurance Company |
December 5, 1906 |
Kolkata |
| United India Insurance Company |
18th February 1938 |
Chennai |
| New India Assurance Company | 23rd July 1919 | Mumbai |
| Life Insurance Corporation |
1 September 1956 |
Mumbai |
|
Agriculture Insurance Company Of India Limited |
20th December 2002. |
New Delhi |
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