LIC gets clearance to perform business in Bangladesh

Q.  Which insurance company of India has got a clearance to do business in Bangladesh?
- Published on 13 Jun 15

a. Bajaj Allianz
b. Reliance Insurance
c. LIC
d. Oriental Insurance Company

LIC will start business as the joint venture entity called LIC Bangladesh Ltd with a paid-up capital of 1 billion Takas with LIC holding half of it. Bangladesh has over 77 local insurance companies in the market, the only other foreign insurance company is a US-based company which operates as a branch office, and not as a registered company.

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