Even with only 25 percent of people having general insurance cover, India with around 52 insurance companies is still the largest in terms of volume of money involved. The existing Insurance laws along with amendments planned in future plays a crucial role in reforming this sector.
Insurance can be for Life or General Insurance such as Marine Insurance, Fire Insurance, Motor Vehicle Insurance, Medical and Dental Insurance etc.
Insurance Act(1938), Insurance Regulatory and Development Authority Act(1999) and IRDA Regulations(2002) have laid down rules for functioning of insurance company and regularizing this sector making it strong and safe for people to invest in them.
Advising in the matters of Marine Insurance is our forte.
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