Insurance Sector in India / भारत में बीमा क्षेत्र
The source divides the insurance industry broadly into Life Insurance and General Insurance and highlights LIC and IRDAI as important institutions.
Source Insurance Industry को broadly Life Insurance तथा General Insurance में divide करता है और LIC तथा IRDAI को important institutions के रूप में highlight करता है।
Life Insurance / जीवन बीमा
Life insurance relates to insurance protection connected with human life.
Life Insurance human life से related insurance protection है।
General Insurance / सामान्य बीमा
The source identifies General Insurance as the other broad sector of the insurance industry.
General Insurance insurance industry का दूसरा broad sector है।
Life Insurance Corporation – LIC / भारतीय जीवन बीमा निगम
According to the source, LIC was established on 1 September 1956.
Source के अनुसार LIC की स्थापना 1 September 1956 को हुई।
Insurance Regulatory and Development Authority of India – IRDAI
The source states that the Insurance Regulatory and Development Authority was set up on 19 April 2000 to regulate the insurance sector.
Source के अनुसार Insurance Regulatory and Development Authority की स्थापना 19 April 2000 को Insurance Sector को regulate करने के लिए हुई।
The source further states that the name was changed to Insurance Regulatory and Development Authority of India in December 2014.
Source के अनुसार December 2014 में इसका नाम Insurance Regulatory and Development Authority of India किया गया।
Exam Revision / परीक्षा पुनरावृत्ति
- Insurance sectors → Life Insurance + General Insurance
- LIC established → 1 September 1956
- IRDA set up → 19 April 2000
- Purpose → Regulation of Insurance Sector
- IRDAI name referenced → December 2014