Question

Which company, established in Calcutta in 1818, was the first to start life insurance operations in India?

a.

Bombay Life Assurance Company

b.

Madras Equitable Life Insurance Society

c.

Oriental Life Insurance Company

d.

Indian Mercantile Insurance Company Ltd.

Answer: (c).Oriental Life Insurance Company Explanation:The Oriental Life Insurance Company, established in Calcutta in 1818, was the first to start life insurance operations in India.

Interact with the Community - Share Your Thoughts

Uncertain About the Answer? Seek Clarification Here.

Understand the Explanation? Include it Here.

Q. Which company, established in Calcutta in 1818, was the first to start life insurance operations in India?

Similar Questions

Explore Relevant Multiple Choice Questions (MCQs)

Q. In which year was the first statutory measure introduced in India to regulate the life insurance business?

Q. What was the name of the first general insurance company established by an Indian in Bombay in 1907?

Q. In which year was the life insurance business nationalized, leading to the formation of the Life Insurance Corporation (LIC) of India?

Q. What significant event occurred with the introduction of the General Insurance Business (Nationalisation) Act, 1972?

Q. When was the General Insurance Corporation (GIC) formed, and what role was it initially assigned?

Q. In which year were reforms initiated by the Government, leading to the formation of the Insurance Regulatory and Development Authority (IRDA) and the liberalization of the insurance sector?

Q. What is the maximum Foreign Direct Investment (FDI) allowed in the insurance sector according to current rules?

Q. How many councils does the Insurance Association of India (IAI) have, and what are their names?

Q. As part of the reforms process, what transformation did GIC undergo, and what happened to its 4 subsidiaries?

Q. As per current FDI norms how much is the FDI limit for insurance sector?

Q. How many general insurance subsidiaries did GIC have?

Q. In India the ________ is empowered to regulate the insurance industry.

Q. ______________ in 1818 in Calcutta was the first life insurance company to start operations in India.

Q. _______________ in Bombay in 1907 was the first general insurance company established by an Indian.

Recommended Subjects

Are you eager to expand your knowledge beyond IC 14 Regulations of Insurance Business? We've handpicked a range of related categories that you might find intriguing.

Click on the categories below to discover a wealth of MCQs and enrich your understanding of various subjects. Happy exploring!