Q14
Life Insurance Corporation was found on:
A.
1 April, 1955
B.
6 December, 1960
C.
4 September, 1956
D.
1 September, 1956
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
Life Insurance Corporation was found on 1 September, 1956. Life Insurance Corporation of India commenced its functioning as a corporate body from September 1, 1956. Its working is governed by the LIC Act.