1818 which company started by european in calcutta of india insurance company in first india
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The pre-independence era in India saw discrimination between the lives of foreigners (English) and Indians with higher premiums being charged for the latter. In 1870, Bombay Mutual Life Assurance Society became the first Indian insurer. At the dawn of the twentieth century, many insurance companies were founded.
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1818: Oriental Life Insurance Company, the first life insurance company on Indian soil started functioning. 1870:Bombay Mutual Life Assurance Society, the first Indian life insurance company started its business.
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