Which of the following is the owner of public general insurance companies in India?

### Concept & Ownership Structure Public Sector Undertakings (PSUs) in the general insurance sector of India are owned by the central government. ### Step-by-Step Solution * **IRDAI:** This is the regulatory body for the insurance sector, not the owner. * **LIC:** Life Insurance Corporation is a public sector life insurance company. * **RBI:** The Reserve Bank of India regulates the banking sector. * **Government of India:** Holds the majority stake and ownership of public general insurance companies like New India Assurance, United India Insurance, Oriental Insurance, and National Insurance. ### Exam Strategy & Shortcut In India, the term "public sector" directly implies ownership by the government (either state or central). Therefore, public general insurance companies are state-owned entities. ### Common Pitfall Selecting IRDAI because it is heavily associated with insurance. Remember that IRDAI is strictly the *regulator*, while the Government of India is the *owner*. ### Final Answer Therefore, the correct answer is **Government of India**.