This article provides notes on the Life Insurance Corporation of India (LIC). In India also the concept of insurance remained since the ancient civilizations. Look at the Logo of the Life Insurance Corporation some words in devnagri script (Yagkshema) are written in the logo of LIC. These have been taken from Rig Veda meaning protection of health. If we read [...]
After reading this article you will learn about:- 1. Introduction to GIC 2. Membership Criteria of GIC 3. Major Activities 4. Insurance Portfolio. Introduction to GIC: The General Insurance Council is a statutory body under the Indian Insurance Act 1938. Section 64 C of Part II-A of the Indian Insurance Act 1938 states that there shall be two Councils of [...]
This article throws light upon the six important financial markets that operate in India. The financial markets are: 1. Capital Market 2. Stock or Equity Market 3. Commodity Market 4. Derivatives Market 5. Foreign Exchange Market 6. Debt Market. 1. Capital Market: The Capital Market is an integral part of financial system of any country. In case of money market [...]