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    Question

    When was Life Insurance Corporation of India (LIC)

    founded?
    A 15 August 1947 Correct Answer Incorrect Answer
    B 1 September 1956 Correct Answer Incorrect Answer
    C 26 January 1950 Correct Answer Incorrect Answer
    D 1 April 1960 Correct Answer Incorrect Answer
    E 10 November 1954 Correct Answer Incorrect Answer

    Solution

    LIC was founded on 1 September 1956 after the nationalization of private insurance companies in India. It is headquartered in Mumbai .

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