-EVENT-

Date
- 19th Jun 1956
- Expired!
Time
- ...

68 Years ago
The ‘Life Insurance Corporation of India Act 1956’ was passed by the Parliament of India.
The Parliament of India passed the Life Insurance Corporation Act on the 19th of June 1956, and the Life Insurance Corporation of India was created on 1st September, 1956, with the objective of spreading life insurance much more widely and in particular to the rural areas with a view to reach all insurable persons in the country, providing them adequate financial cover at a reasonable cost.