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2. Life insurance in India - Wikipedia

   en.wikipedia.org/wiki/Life_insurance_in_India

   Life insurance is one of the growing sectors in India since 2000 as Government allowed Private players and FDI up to 26% and recently Cabinet approved a proposal to increase it to 49%. In 1955, mean risk per policy of Indian and foreign life insurers amounted respectively to ₹2,950 & ₹7,859 [ 1 ] (worth ₹15 lakh & ₹41 lakh in 2017 prices).

3. Maintenance and Welfare of Parents and Senior Citizens Act ...

   en.wikipedia.org/wiki/Maintenance_and_Welfare_of...

   It makes it a legal obligation for children and heirs to provide maintenance to senior citizens and parents, by monthly allowance. It also provides simple, speedy and inexpensive mechanism for the protection of life and property of the older persons. After being passed by the Parliament of India, it received President's assent on December 29, 2007.

4. Pradhan Mantri Jeevan Jyoti Bima Yojana - Wikipedia

   en.wikipedia.org/wiki/Pradhan_Mantri_Jeevan...

   As of May 2015, only 20% of India's population has any kind of insurance, this scheme aims to increase the number. [3] Pradhan Mantri Jeevan Jyoti Bima Yojana is available to people between 18 and 50 years of age with bank accounts. It has an annual premium of ₹ 436 (US$5.00). The GST is exempted on Pradhan Mantri Jeevan Jyoti Bima Yojana ...

5. Elder law in India - Wikipedia

   en.wikipedia.org/wiki/Elder_law_in_India

   The government of India provides various concessions and facilities to its senior citizens. [2] The Union Cabinet's latest decision to approve a new law - Maintenance and Welfare of Parents and Senior Citizens Act, 2007, aimed at serving the elderly live in self-respect and peace. The Bill to be introduced in Parliament this monsoon session ...

6. Insurance Regulatory and Development Authority - Wikipedia

   en.wikipedia.org/wiki/Insurance_Regulatory_and...

   The Government of India decided to nationalise the insurance industry. An ordinance was issued on 19 January 1956, nationalising the life-insurance sector, and the Life Insurance Corporation was established that year. The LIC absorbed 154 Indian and 16 non-Indian insurers and 75 provident societies. The LIC had a monopoly until the late 1990s ...

7. Insurance in India - Wikipedia

   en.wikipedia.org/wiki/Insurance_in_India

   The Insurance Act of 1938 [9] was the first legislation governing all forms of insurance to provide strict state control over insurance business. Life insurance in India was completely nationalised on 19 January 1956, through the Life Insurance Corporation Act.