When was Life Insurance sector nationalised?
Answer: Option C
Solution(By Examveda Team)Life Insurance sector was nationalised in 1956. Life insurance in India was completely nationalised on 19th January 1956, through the Life Insurance Corporation Act.
A. First Pregnancy clause
B. General provisions
C. Policy schedule
D. Standard provisions
B. Insurance company
A. ULIPs provide for flexibility
B. ULIPs are better than traditional policies
C. Both the above statements are correct
D. Both the above statements are wrong