Using your phone's internet browser
go to:  qna.rediff.com
Click and drag this link to
the Home icon in your browser.
Q.

When was LIC established in India.

Tags: india, lic
Asked by Vishwajeet, 14 Apr '07 01:46 pm
  Invite a friend  |  
  Save  |  
 Earn 10 points for answering
Answer this question  Earn 10 points for answering    
4000 characters remaining  
  
    
Keep me signed inNew User? Sign up

Answers (2)

 
1.

LICI) is the largest life insurance company in India; it is fully owned by the Government of India. It was founded in 1956.
Answered by MOHHAMMED SHABAZ, 16 Apr '07 04:22 pm

 
  
Report abuse
Useful
 (1)
Not Useful
 (0)
Your vote on this answer has already been received
2.

In 1818 Oriental life Assurance company was established in calcutta.This was the first Insurance organisation in Organised sector.But after Independence-- 19th january, 1956--after nationalising 245 private life Insurance companies,--LICI(Life Insurance Corporation of India) was formed,and in 1972 ,after nationalising 106 general companies---GICI(General Insurance Corporation of India was formed.
Answered by sisir majumder, 16 Apr '07 04:32 pm

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received

Ask a Question

Get answers from the community

600 characters remaining

Related Answer

Q.
A

"A Mutual Fund is an ideal investment vehicle where a number of investors come together to pool their money with common investment goal. Each Mutual F..more

Answered by klm