Question

How many public sector life insurance companies are functional in India?

A 1 Correct Answer Incorrect Answer
B 2 Correct Answer Incorrect Answer
C 3 Correct Answer Incorrect Answer
D 4 Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

Solution

LIC of India was incorporated on 1st September, 1956 by amalgamating 245 Companies by the Act of Parliament called Insurance Act, 1956.

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