by Administrator | Feb 15, 2015 | Insurance Laws, Labour Laws, Law Reviews
The Employees’ State Insurance Act, 1948 (Act no. 34 of 1948) dated 19th April, 1948 was enacted with the aim to provide for benefits to employees in case of their sickness, maternity and injuries caused due to employment. The Act extends to whole of Indian...
by Administrator | Oct 9, 2014 | Articles, Insurance Laws
The Actuaries Act, 2006 was enacted on August 27, 2006 to control and advance the actuaries profession and other issues related with the actuaries. As provided under the Act actuary is the person engaged in deciding the current results of the potential contingent...
by Administrator | Oct 6, 2014 | Banking Laws, Insurance Laws, Law Reviews
The Banking Laws (Amendment) Act, 1985 was enacted for the purpose of altering the Reserve Bank of India Act, 1934. It also aims to amend other enactments including the State Bank of India (Subsidiary Banks) Act, 1959, Deposit Insurance Corporation (Amendment and...
by Administrator | Jul 26, 2014 | Insurance Laws, Law Reviews
The Life Insurance Corporation of India is the largest insurance and investment group owned by Indian State with assets, funds and policies. The Parliament enacted the Life Insurance Corporation Act in 1956 which came into force on July 1, 1956. After the enactment,...
by Administrator | Oct 4, 2013 | Insurance Laws, Law Reviews
In India, insurance incorporates the private sector enterprises as well as the public institutions. In the Constitution of India, the Seventh Schedule includes insurance conferring power exclusively on Central Government to enact laws. The Insurance in India is...
by Administrator | Feb 22, 2012 | Banking Laws, Insurance Laws, Law Reviews
The simple meaning of the word “Actuary “is analyzing. Actuary exactly relates or associates in the field of financial transactions. The financial transactions cover vast areas including insurance policies or monetary claim etc. A professional proficient who analyses...
