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    Question

    Who has exclusive right to carry life insurance business

    in India as per LIC Act? 
    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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