Aartee Mishra is teaching live on Unacademy Plus
aily Lectuire Series brief summary o Insurance in India- Ramesh Singh' V unacadeny y Aartee Mishra Indian Economy Hindi
lam Aartee Mishra Graduated from Delhi University, Topper in all my semesters, Pursuing P.G and preparing for CSE. 2 Years of teaching experience of General Studies for competitive examination Have been teaching on Unacademy Plus
Secaure itpe/hanscademy com/educator/stats/BSDAZ unacademyHome Plus Aartee Mishra Sessions 20 Science and Technology Fri May 11 8:30 PM 100%, 6% Go Live 6 attented live out of 35 View feedback Curriculum 24 Sessions, 3 quizzes Course progress: 19/27 O Pre History and Ancient Indian Architecture & Sculpture 18th June, 2018 11:00 am '" 100% View Feedback jpg 2-jpg ^ d ENG 07.-07-2018 1549
Insurance in India > In economic terms, anything used to cut down the risk is known as insurance. But in familiar terms, insurance is provided by an insurance company which covers a person's life (called life segment) or covers loss of assets, property (called non-life or general segment). The insurance policies are purchased at fixed premiums LIC: The life insurance business/industry in the country was nationalised by the Government of India in 1956 and a fully government-owned company, the Life Insurance Corporation of India (LIC) was set up The nationalisation was motivated by twin objectives--first, to spread the message of life insurance for greater social security and secondly, to mobilise people's savings (collected as premiums) for nation building The LIC had been the biggest investor in the governments procces of planned development purchasing government securities (G-Secs.) and equities of the big asset Public Sector Undertakings (PSUs).
GIC In 1971, the government nationalized the private sector companies (107 Indian and foreign companies) playing in the general insurance segment and a government company, the General Insurance Corporation of India (GIC) was formed in 1972. The GIC started operation on January 1, 1973 with its four holding companies: I. National Insurance Company Ltd. Il New India Assurance Company Ltd. IOriental Fire and Insurance Comany Ltd United India Insurance Company Ltd. In the era of economic reforms, two major changes took place in this area- In November 2000, the GIC was notified as the Indian Reinsurer1 (to be known as GIC Re). I. Il. In March 2002 the GIC was withdrawn from holding company status of the four public sector general insurance companies. Now these four companies are directly owned by the Government of India
AICIL: The public sector insurance company, Agriculture Insurance Company of India Limited (AlCIL) was set up by the Government of India in December 2002 (commenced its business in April 2003). This is a dedicated agriinsurance company and aims "to serve the needs of farmers better and to move towards a sustainable actuarial regime" Public Sector Insurance Companies: At present, there are 6 public sector insurance companies in India. Out of it one deals in the life segment (LIC); four are involved in the non-life (general) insurance segment; and one is the dedicated agri-insurer. Other than these companies, there is one re-insurance company, the GIC Re (wholly owned by the Gol) IRDA: The Insurance Regulatory and Development Authority (IRDA) was set up in 2000 (the Act was passed in 1999) with one chairman and five members (two as full time and three as part-time members) appointed and nominated by the government. The authority is responsible for the regulation, development and supervision of the Indian insurance industry.
NCERT Class 6-12 Summary of All the Subjects Prelims & Mains Subjects Covered Aartee Mishr Polity: Governance, Society, Public Administration Geography: Indian and World Geography, All Important Maps, Physical and Political Features, Disaster Management History: Ancient, Medieval, Modern with Art & Culture Economics: Basic Concepts, Understanding Economic Development Science: Important Chapters of Environment and Ecology Course Starting from, 25th July 9:30pm-10:30pm on Unacademy Plus
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