SRD Law Notes

Introduction -   The Insurance Act 1938 is enacted and enforced in the year 1938, same is applicable to all over India, Section 64F speaks about th…

What is insurance -        Insurance is a plan which ensures certainty of payment for the uncertain loss. The aim of all kinds of insurances to pr…

The test of a valid insurance contract is the existence of the insurable interest. Insurable interest is nothing but an interest of su…

Introduction -                Insurance is a contract in which one party (the insurer) agrees for payment of consideration (the premium) to make m…

In simple words, Insurance is a contract in which one party (the insurer), for a consideration (the premium), assumes a particular ri…

Life Insurance Corporation         The Life Insurance Corporation Act 1956 provides for the nationalization of life insurance business in India …

In this world, no one knows what will happen in future. If we all are able to predict the future dangerous correctly then we can take a …

Introduction-     Parliament of India passed the Life Insurance Corporation Act on 19th June 1956,  and Life Insurance Corporation of India was c…

Life Insurance Corporation Act 1956 was passed by the Indian Parliament which came into force from 1st September 1956. Chapter II, Sect…