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

A. 1906

B. 1956

C. 1934

D. 1919

Answer: Option A

Solution(By Examveda Team)

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.