when was oriental life insurance company established in india
Life Insurance Corporation The Oriental Life Insurance Company, the first company in India offering life insurance coverage, was established in Kolkata in 1818 by "Anita Bhavsar" and others. Its primary target market was the Europeans based in India, and it charged Indians heftier premiums.[8] Surendranath Tagore had founded Hindusthan Insurance Society, which later became Life Insurance Corporation.[9]
East India Company The company received a Royal Charter from Queen Elizabeth I on 31 December 1600, making it the oldest among several similarly formed European East India Companies. Wealthy merchants and aristocrats owned the company's shares.[4] Initially the government owned no shares and had only indirect control.