The First Insurance Company of India

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The First Insurance Company of India

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Sujeet
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Joined: Mon Mar 31, 2014 12:57 am

The First Insurance Company of India

Postby Sujeet » Tue Apr 01, 2014 5:56 pm

Can anyone tell me about the first insurance company of india?

The First Insurance Company of India

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Suman
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Joined: Mon Mar 31, 2014 12:48 am

Re: The First Insurance Company of India

Postby Suman » Tue Apr 01, 2014 6:14 pm

The Calcutta Insurance Company was set up in 1798, is the first indian insurance company of india but it is exclusively for europeans. The Bombay Mutual Life Assurance Society formed in 1870 insured indians at the same rate as Europeans.
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Aahna
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Joined: Sat Apr 26, 2014 3:25 pm

Re: The First Insurance Company of India

Postby Aahna » Tue Jun 17, 2014 4:17 pm

Suman wrote:The Calcutta Insurance Company was set up in 1798, is the first indian insurance company of india but it is exclusively for europeans. The Bombay Mutual Life Assurance Society formed in 1870 insured indians at the same rate as Europeans.
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Kanan
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Joined: Tue Aug 12, 2014 6:19 pm

Re: The First Insurance Company of India

Postby Kanan » Tue Aug 12, 2014 6:26 pm

Yes, It is.

thomaswhite544
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Joined: Tue Jan 19, 2016 2:31 pm

Re: The First Insurance Company of India

Postby thomaswhite544 » Fri Feb 05, 2016 3:44 pm

In 1870, Bombay Mutual Life Assurance Society became the first Indian insurer. At the dawn of the twentieth century, many insurance companies were founded. In the year 1912, the Life Insurance Companies Act and the Provident Fund Act were passed to regulate the insurance business.


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