Home Privacy Policy Disclaimer Functions of Life Insurance Corporation of India(LIC) You are Here: Home > Legal Framework > Functions of Life Insurance Corporation of India(LIC) 0 0 Like 0 The life insurance business was nationalised on 19th January, 1956 and the Life Insurance Corporation of India came into being on 1st September, 1956 to carry on life business in India with capital of Rs.5 crores contributed by the Central Government. The Corporation is a body corporate having perpetual succession with a common seal with powers to acquire, hold and dispose of property and may by its name sue and be sued. The functions of the Corporation shall be to carry on and develop life insurance business to the best advantage of the community. The Corporation shall have power – (a) to carry on capital redemption business, annuity certain business or reinsurance business in so far as such reinsurance 1Crore Li fe Cove r Get Best Term Plan, Invest 818/Month www.policybazaar.com Life Insurance? Get smart insurance suggestion for secured future. Contact us now. Jumpstart.co.in Term Life Insurance Get yourself covered for 1Crore By paying less than Rs.1000 a Month paisabazaar.com/Term-In… Ads by Google Lic Poli cy Lic of I ndia Lic Li f e Ins urance Lic Onl ine Pay ment MBA from UK in Mumbai www.CentreForManagement … University of Wales MBA, 2 years Weekend /Eveni ng Classes wt Online Life Insurance? Jumpstart.co.in Get smart insurance suggestion for secured future. Conta ct us now. 1Crore Life Cover - L I C PolicyBazaar.com/term-plan Only a Right Step to Protect Your Family From Any Mishap 4 Share 06/04/2011 Functions of Life Insurance Corporatio… mbaknol.com/…/functions-of-life-insur… 1/7
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8/4/2019 Functions of Life Insurance Corporation of LIC _ MBA Knowledge Base
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