Multiple choice

Which insurance company was founded by Dorabji Tata?

  1. LIC

  2. UIIC

  3. NIAC

  4. OIC
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

New India Assurance Company (NIAC) was founded by Dorabji Tata in 1919. It is one of the oldest and largest insurance companies in India, nationalized in 1972. LIC (Life Insurance Corporation) was established later in 1956. UIIC (United India Insurance Company) and OIC (Oriental Insurance Company) were also formed later.

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