Political Science, asked by akshay1240, 5 months ago

When did the Indian government liberalized the insurance sector which the monopoly

of LIC

Answers

Answered by gracekumar765

1

Answer:

**hello gyus**

Explanation:

1st September 1956

Nationalisation of the life insurance sector took place on 1st September 1956, with issuance of ordinance by Government of India (GoI) to dissolve 245 units (154 Indian insurers, 16 non-Indian insurers and 75 provident societies) into a giant, government-owned, autonomous entity, namely, Life Insurance Corporation of ...

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