Life Insurance Corporation of India definition

Life Insurance Corporation of India means the Life Insurance Corporation of India established under sub-section (1) of section 3 of the Life Insurance Corporation Act, 1956 (31 of 1956);
Life Insurance Corporation of India means the Life Insurance Corporation of India established under the Life Insurance Corporation Act, 1956.
Life Insurance Corporation of India means Life Insurance Corporation of India established and incorporated as Life Insurance Corporation of India by Life Insurance Corporation of India Act 1956 passed by the Parliament of India and received the assent of the President of India and came into existence from 1st September 1956.

Examples of Life Insurance Corporation of India in a sentence

  • Section 80CCC allows an employee deduction of an amount paid or deposited out of his income chargeable to tax to effect or keep in force a contract for any annuity plan of Life Insurance Corporation of India or any other insurer for receiving pension from the Fund referred to in section 10(23AAB).

  • Policy relating to life insurance; Administration of the Life Insurance Corporation Act, 1956 (31 of 1956); and related matters, Life Insurance Corporation of India.

  • Investment Policy including investment policy of Life Insurance Corporation of India, and General Insurance Corporation of India.

  • Infosys BPO has no further obligations to the superannuation plan beyond its monthly contribution which are periodically contributed to a trust fund, the corpus of which is invested with the Life Insurance Corporation of India.

  • The scheme is funded with Life Insurance Corporation of India in the form of a qualifying insurance policy.

  • The Bank’s custodian services are addressed to residents - private individuals and legal enterprises (incl.

  • In such cases, the insurance should invariably be with Life Insurance Corporation of India or its subsidiaries.

  • The annual premium paid to Life Insurance Corporation of India is charged to Profit and Loss Account.

  • The Company has opted for scheme with Life Insurance Corporation of India to cover its liabilities towards employees gratuity.

  • Gratuity to employees is covered under Group Gratuity Life Assurance Scheme of the Life Insurance Corporation of India.

Related to Life Insurance Corporation of India

  • 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.

  • life insurance business means the business of providing or undertaking to provide policy benefits under life policies;

  • Life Insurance Policy has the meaning given in Section 6.10.

  • Life Insured means the person named in the Schedule, on whose life the Policy is effected;

  • 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.

  • Alaska Native Corporation (ANC) means any Regional Corporation, Village Corporation, Urban Corporation, or Group Corporation organized under the laws of the State of Alaska in accordance with the Alaska Native Claims Settlement Act, as amended (43 U.S.C. 1601, et seq.) and which is considered a minority and economically disadvantaged concern under the criteria at 43 U.S.C. 1626(e)(1). This definition also includes ANC direct and indirect subsidiary corporations, joint ventures, and partnerships that meet the requirements of 43 U.S.C. 1626(e)(2).

  • Association captive insurance company means a company that insures risks of the member organizations of the association and their affiliated companies.

  • Captive insurance company means a pure captive insurance company, association captive insurance company, captive reinsurance company, sponsored captive insurance company, special purpose captive insurance company, or industrial insured captive insurance company formed or licensed under this chapter. For purposes of this chapter, a branch captive insurance company must be a pure captive insurance company with respect to operations in this State, unless otherwise permitted by the director.

  • Sponsored captive insurance company means a captive insurance company:

  • Nonprofit corporation means a nonstock corporation organized under ch. 181 that is a nonprofit corporation, as defined in s. 181.0103 (17).

  • Foreign nonprofit corporation means an entity:

  • Specified Insurance Company means any Entity that is an insurance company (or the holding company of an insurance company) that issues, or is obligated to make payments with respect to, a Cash Value Insurance Contract or an Annuity Contract.

  • Insurance Commissioner means the Insurance Commissioner

  • policy of life insurance means any instrument by which the payment of money is assured on death (except death by accident only) or the happening of any contingency dependent on human life, or any instrument evidencing a contract which is subject to payment of premiums for a term dependent on human life;

  • Professional limited liability company means a limited

  • School Corporation means the Western Xxxxx County Community School Corporation of the County of Xxxxx of the State of Indiana;

  • Credit unemployment insurance means insurance:

  • Next Michigan development corporation means that term as defined in section 3 of the next Michigan development act, 2010 PA 275, MCL 125.2953.

  • Life insurance producer means any person licensed in this state as a resident or nonresident insurance producer who has received qualification or authority for life insurance coverage or a life line of coverage pursuant to chapter 522B.

  • group insurance means insurance, other than creditor’s group insurance and family insurance, whereby the lives of a number of persons are insured severally under a single contract between an insurer and an employer or other person; (“assurance collective”)

  • insurance agent means, subject to subsection (2), any person who for any compensation and through any medium does one or more of the following:

  • Mortgage Insurance means insurance protecting Lender against the nonpayment of, or default on, the Loan.

  • Pure captive insurance company means a company that