GENERAL KNOWLEDGE

Detailed explanation-1: -Triton Insurance CO LTD is a Non-govt company, incorporated on 04 Jul, 1918. It’s a public unlisted company and is classified as’company limited by shares’.

Detailed explanation-2: -The General insurance business in India, on the other hand, can trace its roots to the Triton Insurance Company Ltd., the first general insurance company established in the year 1850 in Calcutta by the British.

Detailed explanation-3: -General Insurance in India has its roots in the establishment of Triton Insurance Company Ltd., in the year 1850 in Calcutta by the British. In 1907, the Indian Mercantile Insurance Ltd was set up, It was the first company to transact all classes of the general insurance business.

Detailed explanation-4: -1818 saw the advent of life insurance business in India with the establishment of the Oriental Life Insurance Company in Calcutta. This Company however failed in 1834.