New India Assurance Co. Ltd. is a general insurance company. It is one of the largest general insurance companies in India. It offers a wide range of general insurance products, including fire insurance, marine insurance, motor insurance, health insurance, and travel insurance.
A life insurance company is a financial institution that provides life insurance products. Life insurance is a contract between an insurance company and a policyholder in which the insurance company promises to pay a designated beneficiary a sum of money (the benefit) in exchange for a premium, upon the death of an insured person (often the policyholder).
A reinsurance company is an insurance company that provides insurance to other insurance companies. Reinsurance is a form of insurance that helps insurance companies to manage their risk. When an insurance company sells a policy, it is exposed to the risk that the policyholder will make a claim. Reinsurance helps to protect the insurance company from this risk.
The correct answer is: B. General Insurance Company