Check Your Knowledge

Life Insurance Corporation of India(LIC) was formed in which year?

• 1915

• 1920

• 1956

• 1952

Where is the headquarters of Life Insurance Corporation of India (LIC) located?

• Delhi

• Pune

• Chennai

• Mumbai

In which year Life Insurance Business in India was nationalized?

• 1956

• 1958

• 1960

• 1966

Answer explanation

The nationalization of the life insurance business in India was a result of the Industrial Policy Resolution of 1956.

Who is the present Chairman and Managing Director of Life Insurance Corporation of India (LIC)?

• K Sanath Kumar

• Mangalam Rama

  subramanian Kumar

• G Srinivasan

• Atul Sahai

What is the slogan of Life Insurance Corporation of India (LIC)?

• Ek Shagun Zindagi Ke Naam

• Rest Assured with Us

• Muskurate Raho

• Yogakshemam Vahaamyaham

In which bank has Life Insurance Corporation of India (LIC) bought 51% stake recently?

• HDFC Bank

• ICICI Bank

• IDBI Bank

• IDFC First Bank

Which is the first Indian Insurance company?

• Oriental Life Insurance Company

• Bombay Mutual Life Assurance Society

• Indian merchnatile insurance ltd

• National insurance company ltd

Which of the following committees recommended the introduction of the Rural Postal Life Insurance?

• Dubey Committee

• Pratap Committee

• Malhotra Committee

Answer explanation

The Rural Postal Life Insurance (RPLI), introduced on March 24, 1995 on recommendations of Malhotra Committee, provides insurance cover to people residing in rural areas, especially weaker sections and women living in rural areas. Low Premium and High Bonus is the unique feature of PLI and RPLI schemes.

LIC holdings in Adani Group companies as of December 2022

• 5,81,74,654 shares, which is 5.23% of total paid up capital of the company

• 4,81,74,654 shares, which is 4.23% of total paid up capital of the company

• 7,89,56,456 shares, which is 10% of total paid up capital of the company

• 99,66,74,654 shares, which is 40% of total paid up capital of the company

LIC recovers losses as shares of --------hit Adani firms jump