The Insurance sector in India governed by Insurance Act, 1938, the Life Insurance Corporation Act, 1956 and General Insurance Business (Nationalisation) Act, 1972, Insurance Regulatory and Development Authority (IRDA) Act, 1999 and other related Acts. This article provide information about general insurance, LIC, and GIC Format: HTML | Size: -- Source: Economywatch...
The penetration rates of health and other non-life insurances in India is well below the international level. These facts indicate immense growth potential of the insurance sector. The contribution of the private insurers in various industry segments has increased on account of both their capturing a part of the business ...