Presented by

Sanchit
Pawan
Yashvant
Shraddha
Arnav
This act came into force on 1st July 1939 and is applicable to the
whole of India, expect Jammu and Kashmir . This law is applicable
to all the insurance companies and other entities participating in
the insurance industry In India.
I. To supervise.

II. To increase deposits.

III. Full disclosure.

IV. Submission of accounts.

V. Guidelines.

VI. Regulations

the insurance act, 1938 was amended in 1950, again in 1956 when
life insurance business was nationalized and again in 1972 when
general insurance was nationalized.
•Enhancement of the foreign investment

•Capital availability

•Consumer welfare

•Empowerment of IRDAI
•Health insurance

•Promoting reinsurance business in India

•Strengthening of industry

•Robust appellate