History, asked by kanhaigorai76, 9 months ago

on 20 January 1956 all life insurance companies operating in India were taken over by nominated custodians ​

Answers

Answered by shwetsingh12345678
0

Answer:

On 20th January 1956 all Life Insurance Companies operating in India were taken over by Life Insurance Corporation(LIC) nominated custodians.

LIC was set up under the LIC Act 1956 and the same was nationalised along with it.

Explanation:

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