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Comparison Between Old Tax Regime V/S New Tax Regime

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Complete information about Life Insurance Corporation's (LIC) - History, Products, Document Required, Calculation of Premium, Risk Management

Life Insurance Corporation (LIC)   History Life Insurance in its modern form came to India from England. Oriental Life Insurance Company started by Europeans in Calcutta was the first life insurance company on Indian Soil in 1818. All the insurance companies established during that period were brought up to look after the needs of European community and Indian natives were not being insured by these companies. Bombay Mutual Life Assurance Society heralded the birth of the first Indian life insurance company in the year 1870 and covered Indian lives at normal rates. Starting as an Indian enterprise with highly patriotic motives, insurance companies came into existence to carry the message of insurance and social security through insurance to various sectors of society. The Swadeshi movement of 1905-1907 gave rise to more insurance companies. Before 1912 India had no legislation to regulate the insurance business. In the year 1912, the Life Insurance Companies Act, and the Pro...