GK
INSURANCE AWARENESS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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1815
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1818
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1821
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1833
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Detailed explanation-1: -The Oriental Insurance Company Ltd. was incorporated at Mumbai on 12th September 1947.
Detailed explanation-2: -1818: Oriental Life Insurance Company, the first life insurance company on Indian soil started functioning. 1870: Bombay Mutual Life Assurance Society, the first Indian life insurance company started its business.
Detailed explanation-3: -Insurance in this current form has its history dating back to 1818, when Oriental Life Insurance Company was started by Anita Bhavsar in Kolkata to cater to the needs of European community.
Detailed explanation-4: -General Insurance in India began with the establishment of Triton Insurance Company Ltd by the British at Kolkata in 1850. In 1907, the Indian Mercantile Insurance Ltd, the first company was set up to transact all classes of general insurance business in India.