HPH Insurance Sector in India by Dr. Kishore Kumar Das
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- The history of insurance sector in India recorded so many ups and downs over the period. It started its journey with open competition to a monopoly market condition in the form of being nationalized and then getting back to the form of a liberalized market once again. The history reveals that it has witnessed complete dynamism over a period of two centuries.
- The journey of this sector started with life insurance business in 1818 when the Oriental Life Insurance Company was established in Kolkata and that was the important milestones in the Indian Life insurance business. The turning point in this sector was 1912 when The Indian Life Assurance Companies Act came into force for regulating the life insurance business. The Indian Insurance Companies Act was enacted for enabling the government to collect statistical information on both life and non-life insurance businesses in the year 1928. To safeguard the interest of prospect, the earlier legislation consolidated the Insurance Act in the year 1938. The turning point was the year 1956, when 245 Indian and foreign insurers and provident societies were taken over by the Central Government and they got nationalized. LIC was formed by an Act of Parliament, viz., LIC Act, 1956. It started off with a capital of Rs. 5 crores and that too from the Government of India. All private life insurance companies at that time were taken over by LIC.
- The journey of general insurance business in India started in the year 1850, when the British formed Triton Insurance Company Ltd. in Kolkata. The turning points in the Indian General insurance business includes.
| Product Name | HPH Insurance Sector in India by Dr. Kishore Kumar Das |
|---|---|
| ISBN / Product Code | 9788192306698 |
| Author | Dr. Kishore Kumar Das |
| Entrance & College Books | Text Books |
| Binding | Paperback |
| Publisher | Himalaya Publication House |
| Subject : College Books | Banking And Finance |
| HSN Code | 4901 |
| Company Details | Published by Himalaya Publication House.. Address "Pooja Apartments",4-B Murari Lal Street, Ansari Road, Darya Ganj, New Delhi - 110 002 In case of any queries regarding products please call at (011) 23270392, 23278631 or Email :- himpub@bharatmail.co.in |
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