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      Question

      Who has exclusive right to carry life insurance business

      in India as per LIC Act?Β 
      A Any licensed insurer Correct Answer Incorrect Answer
      B Private insurance companies Correct Answer Incorrect Answer
      C Life Insurance Corporation of India Correct Answer Incorrect Answer
      D Central Government Correct Answer Incorrect Answer
      E Insurance Regulatory and Development Authority (IRDAI) Correct Answer Incorrect Answer

      Solution

      Section 30 grants exclusive privilege to LIC [Section 30].

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