Business Studies, asked by skmamud1996, 1 year ago

The first insurance company to transact life insurance business in india was?

Answers

Answered by sri74

The first insurance company was Bombay insurance company which was started in 1870

Answered by Wafabhatt

Answer:

The first insurance company to transact life insurance business in India was Bombay Mutual Life Assurance Society in 1870.

Explanation:

Life Insurance in its modern form came to India from England in the year 1818. Oriental Life Insurance Company started by Europeans in Calcutta was the first life insurance company on Indian Soil.

Indian lives were being handled as sub-standard lives and heavy extra rates were being charged on them. In 1870 Bombay Mutual life assurance Society was announced and it covered Indian lives at ordinary charges.

Previous Question

Next Question

Similar questions

Math, 7 months ago

In the adjoining figure l parallel m and t is a transversal such that the values of angle 1 and angle 2 are in the ratio 3:7. Find the measure of all the angles marked from 1 to 8 ...

Math, 7 months ago

the ages of han and harry are in the ratio of 5:7 after 4 years the ratio of their ages will be 3:4 find their present ages...

Physics, 7 months ago

a car decreases its speed from 80m/s to 60m/s in 10s.find the acceleration of car...

Science, 1 year ago

differenciate between sexual and asexual reproduction in table.

Math, 1 year ago

1cm2 = cm2 what's the answer...

Math, 1 year ago

A dice is rolled number times and its outcomes are recorded as below: outcome: 1,2,3,4,5,6 Frequency: 35,45,50,38,53,29 Find the probability of getting an odd number.

Math, 1 year ago

A factory required 42 machines to produce a given number of articles in 63 days. How many machines would be required to produce the same number of articles in 54 days?

Math, 1 year ago

A toy is in the form of a cone mounted on a hemisphere of common base radius 7cm . the total height of toy is 30cm. find the total volume of the toy. ( use pie = 22/7)...