Categories
Recent Posts
- New Wealth Plus Plan
- Tata AIG Life Insurance
- Sahara India Life Insurance
- Max New York Life Insurance
- MetLife India Insurance
- HDFC Standard Life Insurance
- ICICI Pru Life Insurance
- Bajaj Allianz Life Insurance
- Reliance Life Insurance
- Jeevan Nischay
- LIC’s Jeevan Saral (ATM Plan)
- PFRDA’s Pension Scheme
- Jeevan Suraksha (Pension Plan)
- Child Career Plan
- Pension Plans
Friends & Family
financial advisor for small saving
Insurance
Insurance
Insurance in India has its history dating back till 1818, when Oriental Life Insurance Company was started by Europeans in Kolkata to cater to the needs of European community. Pre-independent era in India saw discrimination among the life of foreigners and Indians with higher premiums being charged for the latter. It was only in the year 1870, Bombay Mutual Life Assurance Society, the first Indian insurance company covered Indian lives at normal rates.
The insurance sector went through a full circle of phases from being unregulated to completely regulated and then currently being partly deregulated. It is governed by a number of acts, with the first one being the Insurance Act, 1938.
- The Insurance Act, 1938
- Life Insurance Corporation Act, 1956
- General Insurance Business (Nationalisation) Act, 1972
- Insurance Regulatory and Development Authority (IRDA) Act, 1999
The insurance business in India can be broadly sub-divided into two categories:
- Life Insurance and
- General Insurance
No Responses to “Insurance”
No comments yet

![RSS[Blog]](http://savingwala.com/wp-content/themes/infomag/images/rss.png)