Multiple choice general knowledge

Which was the First Fully Indian Owned Insurance Company?

  1. Oriental Insurance Company

  2. The New India Assurance Company

  3. Life Insurance Corporation of India (LIC)

  4. Bharti Axa Life Insurance Company

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The New India Assurance Company, established in 1919 by Sir Dorab Tata, was the first fully Indian-owned insurance company. Before this, insurance companies in India were primarily foreign-owned.