Insurance industry in India started in 1818 when the first insurance
company was formed. Insurance Industry is regulated by the Insurance
Regulatory and Development Authority (IRDA). From as early as 1947 to
1972, Insurance industry has gone through tremendous change. With the
formation of the regulatory body, passing of the insurance act, and
passing of various reforms, this industry has become competitive and
continues to attract interest from foreign countries.
Insurance, in general terms refers to the practice of guaranteeing a sum of money to the owner or possessor of a valuable asset for a limited period of time, to cover the cost of any damage to that asset arising out of any contingency. Read More
Insurance, in general terms refers to the practice of guaranteeing a sum of money to the owner or possessor of a valuable asset for a limited period of time, to cover the cost of any damage to that asset arising out of any contingency. Read More
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