Amount recoverable under Life Insurance policy (LIC)

What is Insurance?            According to Justice Tindall, "Insurance is a contract in which a sum of money is paid to the assured...

Powers of Insurance Regulatory and Development Authority of India (IRDA)

Powers of Insurance Regulatory and Development Authority of India (IRDA) -     According to Section 26 of the Insurance Regulatory and ...

Duties and functions of insurance regulatory and Development Authority of India (IRDA)

Establishment of insurance regulatory and Development Authority of India -      For reforms in the Insurance sector in order to make it ...

Discuss how Insurance is important for Individuals, Organizations, Industry and the Economy.

 Introduction -                In our day-to-day life, we all anticipate various kinds of risks. No one can see an upcoming loss or accu...

Insurance Regulatory and Development Authority

Establishment and Incorporation of Authority -          (1) With effect from such date as the Central Government may, by notification, ap...