Question
Download Solution PDFThe Government has informed that the Life Insurance Corporation is not going to be privatized and only the initial public offering, IPO will be issued. In which year was LIC established?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is 1956.
- The Government has informed that the Life Insurance Corporation is not going to be privatized and only the initial public offering, IPO will be issued.
- LIC is an Indian government-owned insurance and investment corporation.
- It was established on September 1, 1956, when the Parliament of India passed the Life Insurance of India Act that nationalized the insurance industry in India.
Last updated on Jul 14, 2025
-> The Reserve Bank of India (RBI) released the Notification for RBI Grade B Recruitment 2025 and as per the notice, 15 (1) vacancies has been announced.
-> Candidates can apply online from 11th July 2025 to 31st July 2025 for RBI Grade B 2025 Recruitment. Also, the Exam is going to be held on 16th August 2025.
-> The RBI Grade B syllabus needs to be covered to apply for this exam conducted online to recruit candidates for General, DEPR, and DSIM posts.
-> The RBI Grade B 2025 Exam selection process includes Phase 1, Phase 2, and an Interview.
-> The candidates can check the RBI Grade B Previous Year Papers which helps to understand the difficulty level and the type of questions that are asked in the exam.
-> To strengthen the preparation, candidates can attempt the RBI Grade B Test Series.