A sudden emergence of the nuclear family and melting away of the joint family demanded an alternative system of security.
Emergence > LLOYDS > Amicable Society for a Perpetual Assurance
Emergence > LLOYDS > Amicable Society for a Perpetual Assurance
LLOYDS:- LLOYD'S Coffee House in London was a traders gathering point,where they used to agree on sharing the losses to their goods being carried by ships.
Amicable Society for a perpetual Assurance :- It is the first Life Insurance company in the world, founded in 1706 in london.
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