Multiple choice general knowledge

Which was the first life Insurance company of India established in 1818?

  1. Oriental Life Insurance Company

  2. LIC

  3. New India Assurance

  4. Bombay Mutual Insurance
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A Correct answer
Explanation

Oriental Life Insurance Company, established in Calcutta in 1818, was India's first life insurance company. It was founded to serve the needs of British families living in India. LIC (Life Insurance Corporation) was created much later in 1956 when the Government of India nationalized the insurance industry. New India Assurance and Bombay Mutual Insurance are also insurance entities but were not the first life insurance company.

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