Business Studies, asked by Sharatpaul7347, 9 months ago

On 20th January 1956 all Life Insurance Companies operating in India were taken over by

Answers

Answered by kenziekenson

Answer:

Central Government

Explanation:

245 Indian and foreign insurers and provident societies are taken over by the central government and nationalised. LIC formed by an Act of Parliament, viz. LIC Act, 1956, with a capital contribution of Rs. 5 crore from the Government of India.

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