MindMap Gallery Brief History of Life Insurance in India

Brief History of Life Insurance in India

This mind map provides a comprehensive overview of the evolution of life insurance in India, starting from 1818 when Oriental Life Insurance was established. It covers key milestones such as the establishment of the first Indian company in 1870, the impact of the Swadeshi Movement between 1905-1907, and the introduction of significant legislations like The Life Insurance Companies Act in 1912 and The Insurance Act in 1938. The map details the nationalization of the insurance sector in 1956, the formation of the Life Insurance Corporation of India, and subsequent reforms including the Malhotra Committee in 1994, the establishment of IRDAI, and the opening up of the sector to private players and foreign direct investment. It also highlights recent developments up to 2024, including proposed reforms by IRDAI to increase insurance penetration.

Edited at 2025-05-04 22:17:15
Ugrasen Singh
Ugrasen Singh
Recent works View more works>>

Brief History of Life Insurance in India

Ugrasen Singh
Ugrasen Singh
Recent works View more works>>
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