Life Insurance Corporation was found on

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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.

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