The correct answer is: A. LIC
Life Insurance Corporation of India (LIC) is the largest insurance company in India and the world. It was founded in 1956 by the Government of India as a state-owned enterprise. LIC offers a wide range of life insurance products, including term insurance, endowment insurance, and unit-linked insurance plans. It also offers pension plans and other financial products.
LIC is the parent company of New India Assurance Company Limited, United India Insurance Company Limited, Oriental Insurance Company Limited, and National Insurance Company Limited. These four companies are the largest general insurance companies in India.
LIC is a major player in the Indian financial sector. It has a large customer base and a strong financial position. LIC is also a major investor in the Indian economy.
Here is a brief explanation of each option:
- Option A: LIC is the parent company of New India Insurance.
- Option B: GIC is the parent company of General Insurance Corporation of India.
- Option C: United India Insurance is a general insurance company that is not a subsidiary of LIC.
- Option D: None of these is the parent company of New India Insurance.