Question

On 20th January 1956 all Life insurance companies operating in india were taken over by_nominated custodian

Answer 1

Answer:

Explanation:

Life Insurance Corporation Act, 1956. Life Insurance Business in India was nationalized with effect from January 19, 1956. On the date, the Indian business of 16 non-Indian insurers operating in India and 75 Provident Societies were taken over by Government of India.

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