Summary |
The book written same instinct that prompts modern businessmen today to secure themselves against loss and disaster existed in primitive men also. Life Insurance in its modern form came to India from England in the year 1818. Oriental Life Insurance Company started by Europeans in Calcutta was the first life insurance company on India Soil. But-standard lives and heavy extra premiums were being charged on them. Bombay Mutual Life Assurance Society heralded the birth of first Indian life insurance company in the year 1870, and covered Indian at normal rates.
The contents of the book includes-
• What is Life Insurance?
• The Laws of Insurance
• Insurance Policy by LIC and Other Companies
• Risk Cover of Insurance Policy
• Foreign Investment in the India Insurance Sector
• Development and Growth of the Insurance Industry
• The Value of a Human Life and Indemnification
• Assessment Recommendations by ICP
• Requirements of the Claim Valuation by Insurance Policy
• Insurance Sector and Supervisory Approaches
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