General Awareness Series - 10

Insurance Special

1) Where was the first Life Insurance company was setup in India?
Answer : Calcutta

2) In which year was the first life insurance company was setup in India?
Answer : 1818

3) Which was the first life insurance company to be setup in India?
Answer : Oriental Life Insurance company

4) In which year Government of India started publishing returns of Insurance companies in India?
Answer : 1914

5) What was the statutory measure been taken to regulate the life business?
Answer : Indian Life Insurance Act was passed

6) Which act was passed to protect the interest of the investors who invest in Insurance?
Answer : Insurance Act in 1938

7) In which year an ordinance was passed to nationalise the Life Insurance sector?
Answer : 1956

8) In which year Life Insurance Corporation came into existence?
Answer : 1956

9) Which was the first general insurance company to be setup in India?
Answer : Triton Insurance Company private limited

10) In which year Nationalisation of General insurance took place?

Answer :1973
                

                                   By- Amit Jha
                                          MBA 2nd Year