Insurance
Provides protection against economic losses arising as a result of unforeseen events and serves as an instrument of risk transfer
History of Insurance in India
- It began with marine insurance business
- Modern Insurance in India began in early 1800 or thereabouts
The First Life Insurance Company in India was an English Company
- The Oriental Life Insurance Co.Ltd
The First Non-Life Insurance Company established in India
- Triton Insurance co Ltd
The First Life Insurance Company in the world founded in 1706 in London
- Amicable society for a perpetual assurance
The First Indian Insurance Company was formed in 1870 in Mumbai
- Bombay Mutual Assurance Society Ltd
Oldest Insurance Company in India - National Insurance Company Ltd was founded in 1906 & still in business
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