{"id":31907,"date":"2024-04-15T08:52:46","date_gmt":"2024-04-15T08:52:46","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=31907"},"modified":"2024-04-15T08:52:46","modified_gmt":"2024-04-15T08:52:46","slug":"life-insurance-corporation-was-found-on","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/life-insurance-corporation-was-found-on\/","title":{"rendered":"Life Insurance Corporation was found on:"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;01-Apr-55&#8243; option2=&#8221;06-Dec-60&#8243; option3=&#8221;04-Sep-56&#8243; option4=&#8221;01-Sep-56&#8243; correct=&#8221;option4&#8243;]<!--more--><\/p>\n<p>The correct answer is: D. 1 September, 1956.<\/p>\n<p>The Life Insurance Corporation of India (LIC) is a government-owned insurance and financial services company based in India. It is the largest life insurer in the world by market capitalization, with over 280 million customers and over 100,000 employees. LIC was founded on 1 September 1956, with the merger of 245 private life insurance companies. It is the largest non-banking financial company in India, and the largest insurance company in the world by market capitalization. LIC offers a wide range of life insurance products, including term insurance, endowment insurance, money-back plans, and unit-linked insurance plans. It also offers a range of other financial services, such as pension plans, mutual funds, and investment products.<\/p>\n<p>Option A is incorrect because the Life Insurance Corporation of India was founded on 1 September 1956, not 1 April 1955.<\/p>\n<p>Option B is incorrect because the Life Insurance Corporation of India was founded on 1 September 1956, not 6 December 1960.<\/p>\n<p>Option C is incorrect because the Life Insurance Corporation of India was founded on 1 September 1956, not 4 September 1956.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;01-Apr-55&#8243; option2=&#8221;06-Dec-60&#8243; option3=&#8221;04-Sep-56&#8243; option4=&#8221;01-Sep-56&#8243; correct=&#8221;option4&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[261],"tags":[],"class_list":["post-31907","post","type-post","status-publish","format-standard","hentry","category-insurance","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Life Insurance Corporation was found on:<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/life-insurance-corporation-was-found-on\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Life Insurance Corporation was found on:\" \/>\n<meta property=\"og:description\" content=\"[amp_mcq option1=&#8221;01-Apr-55&#8243; 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