history of insurance in India

1. HISTORY OF INSURANCE IN INDIA
BOMBAY MUTUAL LIFE ASSURANCE SOCIETY 1870
LIFE INSURANCE COMPANIES ACT 1912
INSURANCE ACT 1938
LIFE INSURANCE CORPORATION OF INDIA 1956
GENERAL INSURANCE COUNCIL(GIC) 1957
GENERAL INSURANCE BUSINESS ACT 1972
MALHOTRA COMMITTEE 1993
BIRTH OF IRDA(INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY ) 1999
SAKSHI AGARWAL
MBA
Establishedin 2008, Shriram General Insurance CompanyLimited is a
100% subsidiary of Shriram CapitalLimited. It has been awarded 'Best
General Insurance Companyof the year, 2019'. It is the India'sfastest
growing insurance company.
In India, there are 24 life insurance companies operating which have
been approvedand recognized by IRDAI (Insurance Regulatoryand
DevelopmentAuthority in India)
IFFCO Tokio General Insurance,Health Claim Settlement Ratio 96.33 %
Life Insurance Corporation of India (LIC) is the
largest and oldest insurance company in India.
Mr. Pranab Mukherjee, the President of Indialaunched IndiaFirst Life
Insurance Co. Ltd in the year 2010 and is based in Mumbai.This is
India'syoungest life insurance company.