Vidyalelo
Commerce · Q15

Insurance

Graduate and Post Graduate · Commerce · question 15

Q15

In which among the following year National Insurance Company Limited (NICL) was incorporated?

A.
1906
Answer
B.
1956
C.
1934
D.
1919

Answer: Option A

Solution

Answer: Option A
Solution:
In 1906, National Insurance Company Limited (NICL) was incorporated. National Insurance Company was set up largely on the nationalism principles of Swaraj (self-government). NICL was nationalized after 66 years in the year 1972.