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Business Studies

Principles of Insurance

Where is the ...

Question

Where is the headquarters of Life Insurance Corporation situated?

A

Kolkata

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B

Chennai

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C

Mumbai

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D

New Delhi

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Solution

The correct option is C Mumbai
To boost life insurance, particularly in rural areas, Life Insurance Corporation of India (LIC) was formed by an Act of Parliament (Life Insurance Corporation of India Act, 1956) in Mumbai on September 1, 1956.

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