n NISM Certifications
NSM General NISM
Medium

What is the history of insurance in India?

Practice question from IC 38 Mock Test 6 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Began in 1700s with Amicable Society for a Perpetual Assurance

  2. First non-life insurer was Bombay Mutual Assurance Society Ltd.

    Correct answer

  3. C

    Oriental Life Insurance Co. Ltd was first Indian insurance company

  4. D

    Foreign agencies started marine insurance in early 1800s

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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