Q. Which was the first life insurance company in India?

A
Oriental Life Insurance Company
B
Bombay Mutual Life Assurance Society
C
Life Insurance Corporation of India
D
Hindustan Co-operative Insurance Company
Solution:

The Oriental Life Insurance Company, started by the British in 1818, was the first to provide insurance services to Indians. However, the company, which was started mainly for foreigners in India, charged a hefty premium for providing insurance cover to Indians.

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