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Life Insurance Corporation is an autonomous body and has necessarily to run on sound business principles. The Corporation has been established by an Act of Parliament which received the assent of the President on 18th June, l956. The Act came into force on lst July, l956 and the Corporation began to function on lst September, l956 with Government of India providing Rs.5 Crore as initial capital. The sums assured by all policies issued by the Corporation including any bonuses declared in respect thereof are guaranteed as to payment by cash by Government of India. This provides unimpeachable security to the insuring public.
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Reliance Standard Life Insurance Company
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the person who purchases it.
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Reliance Standard Life Insurance Company
Who owns a life insurance policy?
the person who purchases it.
Who currently owns Life Insurance Investors Inc of Maryland?
In 2008, Life Insurance Investors became Transamerica
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When a corporation owns everything it's called?
When a corporation owns everything it's called a monopoly.
Who owns Nationwide insurance?
Who owns Nationwide insurance
