GK
INSURANCE AWARENESS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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When was the Indian Mercantile Insurance established?
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1905
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1906
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1907
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1908
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Explanation:
Detailed explanation-1: -In 1907, the Indian Mercantile Insurance Ltd, was set up. This was the first company to transact all classes of general insurance business.
Detailed explanation-2: -Trusted Since 1906 National Insurance Company Limited is India’s Oldest General Insurance Company. It was incorporated in Kolkata, West Bengal on December 5, 1906 to fulfil the nationalist aspiration for Swaraj.
Detailed explanation-3: -1818-1870-The life insurance company was first established in the city of Calcutta in the year 1818 and referred to as the Oriental Life Insurance Company.
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