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The Life Insurance Corporation Act, 1956, established the Life Insurance Corporation of India (LIC) to nationalize life insurance in India. This Act aimed to spread

The Insurance Regulatory and Development Authority of India (IRDAI) serves as the apex body overseeing the insurance sector in India. Established by the IRDA Act

The Insurance Act, 1938, is a comprehensive legislation enacted to regulate the insurance sector in India. It provides a legal framework for the operation of