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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