top of page
Search

The Life Insurance Corporation Act, 1956: An Overview




Vibhor Tewari, LLM (Corporate Law Specialization), Hidayatullah National Law University, Raipur, Uparwara, Nava Raipur- Atal Nagar, Chhattisgarh-492002(C.G.)


ABSTRACT


This research project examines the importance of the Life Insurance Corporation Act, 1956, in shaping India's insurance sector and economy. The Act played a pivotal role by promoting life insurance, strengthening financial institutions, and aligning with long-term development goals. Investigating its impact in a growing landscape, the research explores historical importance, regulatory frameworks, and the Act's adaptability to modern trends. Through analysis, it reveals the Act's lasting relevance and its implications for the evolving insurance landscape in India. The study also talks about the impact of the LPG initiative of the government and the impact of the same on the “Life Insurance Corporation of India.”


Keywords: Life Insurance Corporation Act, 1956, India, economy, insurance sector, transformative impact, financial institutions, long-term development, Liberalization, Privatization, Globalization, regulatory frameworks, adaptability, contemporary trends, relevance.

Recent Posts

See All
Legal Aspects Of DNA Analysis

Arunita Roy Chowdhury, The West Bengal National University of Juridical Sciences, Kolkata INTRODUCTION DNA (short form of...

 
 

Indian Journal of Law and Legal Research

​

Abbreviation: IJLLR

​

ISSN: 2582-8878

​

Website: www.ijllr.com

​

Accessibility: Open Access

​

License: Creative Commons 4.0

​

Submit Manuscript: Click here

​

Licensing: ​

 

All research articles published in The Indian Journal of Law and Legal Research are fully open access. i.e. immediately freely available to read, download and share. Articles are published under the terms of a Creative Commons license which permits use, distribution and reproduction in any medium, provided the original work is properly cited.

 

Disclaimer:

​

The opinions expressed in this publication are those of the authors. They do not purport to reflect the opinions or views of the IJLLR or its members. The designations employed in this publication and the presentation of material therein do not imply the expression of any opinion whatsoever on the part of the IJLLR.

bottom of page