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The Oriental Life Insurance Company, the first company in India to offer life insurance coverage, was established in Kolkata in 1818 by Bipin Das Gupta. Its primary target market was India. [9] Surendranath Tagore had founded Hindustan Insurance Society around the same time, which later became the Life Insurance Corporation. [10]
The re-construction of the Board of Intermediate and Secondary Education, Lahore has been done through the Punjab Boards of Intermediate and Secondary Education Act 1976 (lately amended by Punjab Ordinance No.XLVII). Currently, nine Boards are functioning in the Punjab province at division level.
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).
Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of an insured person.
Insurance in Pakistan is regulated under the Insurance Ordinance, 2000. It is divided into three components: life insurance, general insurance and health insurance.The Government of Pakistan established the Department of Insurance in April 1948 as a department of the Ministry of Commerce; the aim of this department is to take care of affairs related to the insurance industry.
In December 1901 and January 1902, at the direction of archaeologist Jacques de Morgan, Father Jean-Vincent Scheil, OP found a 2.25 meter (or 88.5 inch) tall basalt or diorite stele in three pieces inscribed with 4,130 lines of cuneiform law dictated by Hammurabi (c. 1792–1750 BC) of the First Babylonian Empire in the city of Shush, Iran.
The Class VIII (ages 12–13) book (Punjab Textbook Board) on Islamic Studies reads: "Honesty for non-Muslims is merely a business strategy, while for Muslims it is a matter of faith." The Class V (ages 9–10) book (Punjab Textbook Board) on Social Studies says: "Religion plays a very important role in promoting national harmony.
The Board of Administration was abolished in 1853 and Punjab was given the status of Chief Commissioner Province. After the War of Independence in 1857, the Delhi and Hassar divisions were transferred to the Punjab which was given the status of Lieutenant-Governor’s Province in 1858. In 1921, it was placed under a Governor’s Province.
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