Summary |
Life insurance provides replacement of income to the beneficiaries in case of death of the life assured and accumulation of savings to the policyholder/life assured. The legal system in India has given life insurance policies a character beyond the simple objective of risk cover and savings; it has made life insurance policies an instrument of social security and welfare for the families.
This unique and comprehensive book provides insights into the present system of life insurance in India and brings forth the legal bases of the insurance aspects of social security in the country. It throws a flood of light on how the institution of life insurance carries various social security measures for the well being of the society, and in particular, different communities, in accordance with the preambular message of the Indian Constitution.
This book will be of immense use and value to the students of life insurance, life insurance functionaries and professionals, financial sector professionals, academicians in the universities and educational institutions teaching insurance, practitioners in financial planning, lawyers and trainers in insurance. The book will a useful addition to the libraries of law colleges, advocates, courts and consumer organizations.
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