Summary |
The book written same instinct that prompts modern businessmen today to secure themselves against loss and disaster existed in primitive men also. Life insurance in its modern form came to India from England in the year 1818. Oriental Life Insurance Company started by Europeans in Calcutta was the first life insurance company on India soil. But Indian lives and heavy extra premiums were being charged on them. Bombay Mutual Life Assurance Society heralded the birth of first Indian life insurance company in the year 1870, and covered Indian lives at normal rates.
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