New India Assurance Co Ltd is a type of?

A. Life Insurance Company

B. General Insurance Company

C. Re-insurance Company

D. All of the above

Answer: Option B

Solution(By Examveda Team)

New India Assurance Co Ltd is a type of General Insurance Company. Life insurance company is one which provides insurance for death. General Insurance company is one which deals with all other types of insurance other than death like vehicle insurance, House Insurance etc. It is also called non-life insurance.