Insurance in Ancient Iran

One of the measures taking place in the time of world Achaemenian government was establishing a law known today as insurance. Achaemenian monarchs were the first insured their people and made it official by registering the insuring process in governmental notary offices. The insurance tradition was performed each year in Norouz (beginning of the Iranian New Year); the heads of different ethnic groups as well as others willing to take part, presented gifts to the monarch.

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