‘Start date of Life Insurance Companies’ or ‘Registration date of Life Insurance Companies in India’
Life Insurance Companies in India include LIC which is fully owned by Government of India and 23 private life insurance companies. LIC was founded in the year 1956 with the merger of about 154 Indian insurance companies, 16 non-Indian companies and 75 provident societies.
Private life insurance companies entered the life insurance markets at a much later date after the government threw open its gates allowing them to operate in India.
Here’s a look at the start date or registration date of all life insurance companies in India:
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