New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    The Life Insurance Corporation of India (LIC) came into

    existence in which year?
    A 1962 Correct Answer Incorrect Answer
    B 1949 Correct Answer Incorrect Answer
    C 1956 Correct Answer Incorrect Answer
    D 1947 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    The Parliament of India passed the Life Insurance Corporation Act on the 19th of June 1956, and the Life Insurance Corporation of India was created on 1st September, 1956.

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