Statements (16)
| Predicate | Object | 
|---|---|
| gptkbp:instanceOf | gptkb:historical_event | 
| gptkbp:affectedIndustry | life insurance | 
| gptkbp:country | gptkb:India | 
| gptkbp:date | 1956 | 
| gptkbp:enactedBy | gptkb:Government_of_India | 
| gptkbp:followedBy | establishment of LIC monopoly in life insurance | 
| gptkbp:headquartersAfterEvent | gptkb:Mumbai,_India | 
| gptkbp:legalBasis | gptkb:Life_Insurance_of_India_Act,_1956 | 
| gptkbp:numberOfCompaniesMerged | 245 | 
| gptkbp:precededBy | private life insurance companies in India | 
| gptkbp:purpose | nationalization of private life insurance companies | 
| gptkbp:resultedIn | formation of Life Insurance Corporation of India | 
| gptkbp:significance | creation of state-owned insurance monopoly | 
| gptkbp:bfsParent | gptkb:T._T._Krishnamachari | 
| gptkbp:bfsLayer | 7 | 
| https://www.w3.org/2000/01/rdf-schema#label | LIC nationalization |