Which of the public sector bank has launched a Group Credit Life Insurance Scheme of Life Insurance Corporation of India

2016

Please wait while the activity loads.
If this activity does not load, try refreshing your browser. Also, this page requires javascript. Please visit using a browser with javascript enabled.

If loading fails, click here to try again

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Which of the public sector bank has launched a ‘Group Credit Life Insurance Scheme’ of Life Insurance Corporation of India

A	Canara Bank
B	United Bank of India
C	Corporation Bank
D	Vijaya Bank

Explanation:

Detailed explanation-1: -Life Insurance Corporation of India LIC of India was incorporated on 1st September, 1956 by amalgamating 243 Companies by the Act of Parliament called Insurance Act, 1956. LIC is governed by the Insurance Act 1938, LIC Act 1956, LIC Regulations 1959 and Insurance Regulatory and Development Authority Act 1999.

Detailed explanation-2: -Life Insurance Corporation of India (LIC) is an Indian central public sector undertaking headquartered in Mumbai, Maharashtra, India. It is under the ownership of Ministry of Finance, Government of India.

Detailed explanation-3: -IDBI Bank, LIC Mutual Fund, LIC Pension Fund, LIC Housing Finance, LIC Cards Services, and LIC International are some of the subsidiaries of LIC.

Detailed explanation-4: -The Life Insurance Corporation of India (LIC) The Life Insurance Corporation of India was formed in the year 1956 when the Government nationalised the business of life insurance.

There is 1 question to complete.