LIC nationalization

GPTKB entity

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
https://www.w3.org/2000/01/rdf-schema#label LIC nationalization
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 5