In which year LIC was established?

1948
1956
1964
1972

The correct answer is A. 1956.

LIC was established on September 1, 1956, by the Life Insurance Corporation Act, 1956. It is a government-owned insurance company in India. It is the largest life insurance company in the world by premium income.

Option B is incorrect because LIC was not established in 1956.

Option C is incorrect because LIC was not established in 1964.

Option D is incorrect because LIC was not established in 1972.