Life insurance corporation definition

Life insurance corporation means any association or corporation transacting within this state the business of insurance on the lives of persons or insurance appertaining thereto, including, but not by way of limitation, endowments and annuities.
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Life insurance corporation means the Life Insurance Corporation of India established under the Life Insurance Corporation Act, 1956 (31 of 1956);
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Life insurance corporation means any association or corporation
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Examples of Life insurance corporation in a sentence

  • The employee’s gratuity fund is managed by a trust (Life insurance corporation of India) is a defined benefit plan.

  • Trustees administer contributions made to the Trusts and contributions are invested in the scheme with Life insurance corporation of India as permitted by Indian Law.The Company recognizes the net obligation of a defined benefit plan in its balance sheet as an asset or liability.

  • For example, Reserve e Bank of India State Bank of India industrial finance corporation Life insurance corporation unit trust of India and state trading corporation are some statutory companies.

  • Trustees administer contributions made to the Trusts and contributions are invested in the scheme with Life insurance corporation of India as permitted by Indian Law.

  • Life insurance corporation of India01-09-1956 2.HDFC Standard life23-10-2000Standard life Assurance, UK3.

  • The Company has employees gratuity fund managed by Life insurance corporation of India ( LIC)Compensated Absences - The Company provides for encashment of absence or absences with pay based on policy of the company in this regard.

  • The gratuity is paid @15 days salary for every completed year of service as per the Payment of Gratuity Act 1972.The scheme is funded with Life insurance corporation in the form of qualifying insurance policy with premium determined through actuary.

  • Example:- Reserve Bank of India, Life insurance corporation of India etc..• Registered Companies:- Companies registered under the Companies Act,2013 or under any previous company law are called registered companies.

  • Similarly, one can define dis-crete exterior derivative over a dual mesh.

  • Database shall be flexible to accommodate changing needs and conditions over the term of this Contract.


More Definitions of Life insurance corporation

Life insurance corporation means any association or corporation including any nonprofit relief association as defined by § 47-2611, transacting the business of insurance on the lives of persons or insurance appertaining thereto, including, without limitation, endowments and annuities.
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Related to Life insurance corporation

  • Life insurance means insurance coverage on human lives including benefits of endowment and annuities, and may include benefits in the event of death or dismemberment by accident and benefits for disability income and unless otherwise specifically excluded, includes individually issued annuities.

  • Insurance Company The Transferee is an insurance company whose primary and predominant business activity is the writing of insurance or the reinsuring of risks underwritten by insurance companies and which is subject to supervision by the insurance commissioner or a similar official or agency of a state, U.S. territory or the District of Columbia.

  • Life Insurance Policy has the meaning given in Section 6.11.