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When was general insurance business nationalised?

When was general insurance business nationalised? Correct Answer 1973

The general insurance business was nationalised in 1973, with effect from 1 January 1973. It was the nationalization of 107 insurance companies into one main company called General Insurance Corporation of India and its four subsidiary companies with exclusive privilege for transacting general insurance business.

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When the general insurance business nationalised?
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2. Nationalization of general insurance business
3. Establishment of IDBI
4. Nationalization of life insurance business
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