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What is Overview of Life Insurance Corporation of India about?
Life insurance first came to India in 1818 with the establishment of foreign companies like Oriental Life Insurance Company, but they primarily served European communities and charged high premiums for Indian lives. The first Indian life insurance company, Bombay Mutual Life Assurance Society, was established in 1870 to insure Indian lives at normal rates. Over time, more Indian insurance companies were established with nationalist motivations, and eventually the government nationalized the insurance indust
- Author
- Sammy Zala
- Language
- EN