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    Question

    When was the LIC (Life Insurance Corporation) founded?

    A 1 September 1956 Correct Answer Incorrect Answer
    B 1 August 1957 Correct Answer Incorrect Answer
    C 1 July 1950 Correct Answer Incorrect Answer
    D 1 September 1952 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    The Life insurance Corporation of India was established on 1 September 1956, when the Parliament of India passed the Life Insurance of India Act.  Headquartered at Mumbai, India.

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