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Questions and Answers
When was the first British insurance firm established in India?
When was the first British insurance firm established in India?
- 1823
- 1874
- 1818 (correct)
- 1871
What was the extra premium charged to Indians compared to the British before the establishment of the Bombay Mutual Life Assurance Society?
What was the extra premium charged to Indians compared to the British before the establishment of the Bombay Mutual Life Assurance Society?
- Up to 20% (correct)
- Up to 10%
- Up to 40%
- Up to 30%
In which year did the first statutory measure in India to regulate the life insurance business come into effect?
In which year did the first statutory measure in India to regulate the life insurance business come into effect?
- 1912 (correct)
- 1871
- 1829
- 1818
Which act was the Indian Life Assurance Companies Act, 1912 based on?
Which act was the Indian Life Assurance Companies Act, 1912 based on?
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Why were other classes of insurance business left out of the scope of the Act of 1912?
Why were other classes of insurance business left out of the scope of the Act of 1912?
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Which city saw the establishment of the Madras Equitable Life Insurance Society?
Which city saw the establishment of the Madras Equitable Life Insurance Society?
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