Q. Life Insurance corporation established on
Solution:
Founded on 1 September 1956. Headquartered at Mumbai.
The Oriental Life Insurance Company, the first company in India offering life insurance coverage, was established in Kolkata in 1818 by “Anita Bhavsar” and others. Surendranath Tagore had founded Hindusthan Insurance Society, which later became Life Insurance Corporation.
The Bombay Mutual Life Assurance Society, formed in 1870, was the first native insurance provider.
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