Vidyalelo
Commerce · Q2

Insurance

Graduate and Post Graduate · Commerce · question 2

Q2

When was Life Insurance sector nationalised?

A.
1947
B.
1951
C.
1956
Answer
D.
1959

Answer: Option C

Solution

Answer: Option C
Solution:
Life Insurance sector was nationalised in 1956. Life insurance in India was completely nationalised on 19th January 1956, through the Life Insurance Corporation Act.