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Alan Bruce
The 1st life insurance policy sold in UK?
In what year was the 1st life insurance policy sold in UK
I have searched at net and i have found this article for you in which it is explaining how the life insurance policy has been started at UK and its history.
Kindly have a look of this article may be this may this may help you in getting information on 1st Insurance Policy at UK.
Wish you good luck.
Jane
Chow Man Mal
The earliest life insurance policy in England was recorded as being effected on the 15th June 1583. The policy was on the life of a William Gybbons (a salter in the City of London) and was taken out by a Richard Martin. The premium was set at £8 per £100 pounds of benefit insured. Even at that early date it is of interest that when the policy ended in a claim there was dispute between the insurer and the policy holder over whether the policy should pay up. Luckily for Richard Martin he won the case and the insurer lost.
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