- Insurance in India can be traced back to the Vedas. For instance, yogakshema, the name of Life Insurance Corporation of India’s corporate headquarters, is derived from the Rig Veda.
- Bombay Mutual Assurance Society, the first Indian life assurance society, was formed in 1870.
- Other companies like Oriental, Bharat and Empire of India were also set up in the 1870-90s.