In which year The Life Insurance sector and Life Insurance Corporation of…

2019

In which year The Life Insurance sector and Life Insurance Corporation of India was nationalized?

Answer: C. 1956 — The life insurance business in India was nationalized in 1956, and the Life Insurance Corporation of India was formed in the same year.

  1. A.

    1906

  2. B.

    1971

  3. C.

    1956

  4. D.

    1978

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Correct answer: C

The life insurance business in India was nationalized in 1956, and the Life Insurance Corporation of India was formed in the same year.

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