Life Insurance Corporation was found on:

A. 1 April, 1955

B. 6 December, 1960

C. 4 September, 1956

D. 1 September, 1956

Answer: Option D

Solution(By Examveda Team)

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.