Phd thesis on life insurance corporation of india
From: Alex G. T.
Category: national heroes
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Sign Up or Login to your account to leave your opinion on this Essay. Subjects Search Help Words of Wisdom: "dnt wlk behind me 4 i wont lead dnt wlk behind me for i wont follow, dnt wlk beside me ether just leve me d hell alone" - HongNhung. Home Page » Other Essays. Life Insurance Corporation of India has invested customers money for the development of the nation by lending it to the union government.
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Insurance acts as a catalyst in economic growth of a country. It is closely related to savings and investment that comes from, life insurance, funded pension systems and to some extent the non-life insurance industry. LIC was established in and controlled all life-insurance policies across the nation. These were government run organizations. The Insurance business is divided into four classes :. Following the Insurance Regulatory and Development Act in , India abandoned the public sector exclusivity of the insurance industry and switched to a market-driven competitive industry. This shift has brought about many changes and developments in the insurance industry in India.
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Analysis of Dr. A. Lakshmanaswami Mudaliar v. Life Insurance Corporation of India
TPA" means a Third Party Administrator who, for the time being, is licensed by the Authority, and is engaged, for a fee or remuneration, by whatever name called as may be specified in the agreement with an insurance company, for the provision of health services;. The minimum paid up capital of the company shall be in equity shares amounting to Rs. At no point of time of its functioning the TPA shall have a working capital of less than Rs. At least one of the directors of the TPA shall be a qualified medical doctor registered with the Medical Council of India;. The aggregate holdings of equity shares by a foreign company shall not at any time exceed twenty-six percent of the paid up equity capital of a third party administrator.
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