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Insurance companies
#1
the first insurance company in india was started in 1818 in kolkata.

the entery level capital requirement for a new insurance company in india is 100 crore

In year 2000, the INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY (IRDA) was constituted as an autonomous body to regulate and develop the business of insurance and reinsurance in the country.

Legislation: insurance is a federal subject in india . the primary legislation that deal with the insurance business in india are:

1. Insurance act 1938
2. Insurance regulatory & development authority act, 1999

Keyman Insurance: keymant insurance is taken by a business firm on the life of key employees to protect the firm against financial losses ,which may occur due to the premature demise of the keyman.

Bancassurance is an arrangement whereby branches of commercial banks act as corporate agents and distribute insurance products developed by insurance companies to their customers.
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