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    Question

    How many public sector life insurance companies are

    functional in India?
    A 1 Correct Answer Incorrect Answer
    B 2 Correct Answer Incorrect Answer
    C 3 Correct Answer Incorrect Answer
    D 4 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    LIC of India was incorporated on 1st September, 1956 by amalgamating 245 Companies by the Act of Parliament called Insurance Act, 1956.

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