The Insurance Act, 1938
This edition of The Insurance Act, 1938 (Act 4 of 1938), updated with all amendments introduced by the SABKA BIMA SURAKSHA (Amendment of Insurance Laws) Act, 2025 (Act 40 of 2025), serves as a comprehensive and reliable legal reference for students, legal practitioners, insurance professionals, regulatory authorities, and compliance officers. The book presents the statutory text of the law with short comments, making it a practical resource for academic study, professional reference, and day-to-day legal and regulatory use. The text has been updated in accordance with the latest legislative changes, ensuring alignment with the current legal framework governing the insurance sector in India (except where specifically excluded as indicated in the Amendment Act).
The volume includes the full text of The Insurance Act, 1938 along with important allied laws and rules, including:
• The Insurance Rules, 1939
• The Insurance Ombudsman Rules, 2017
• The General Insurance Business (Nationalisation) Act, 1972
• The Indian Insurance Companies (Foreign Investment) Rules, 2015
• The Insurance (Appeal to Securities Appellate Tribunal) Rules, 2016
• The Insurance (Procedure for Holding Inquiry by Adjudicating Officers) Rules, 2016
The book comprehensively covers key areas relating to insurance law, including:
• Regulation and Administration of Insurance Business
• Registration and Licensing of Insurers
• Management, Investments, and Financial Requirements
• Accounts, Audit, and Solvency Provisions
• Control and Supervision by the Insurance Regulatory Authority
• Investigation, Inspection, and Enforcement Powers
• Policyholder Protection and Claims-Related Provisions
• Insurance Intermediaries and Regulatory Compliance
• Penalties, Adjudication, and Appeals
• Foreign Investment and General Insurance Regulatory Framework
• Insurance Ombudsman Mechanism and Dispute Resolution
• Latest legislative amendments applicable through 2025–2026
This edition is particularly suitable for:
• Law students and academicians studying insurance and commercial laws
• Advocates and legal professionals handling insurance-related matters
• Insurance company executives and compliance officers
• Regulatory officials and corporate legal departments
• Professionals preparing for competitive examinations requiring updated legal texts
Whether used for legal practice, academic study, professional compliance, or examination preparation, this updated edition provides an authoritative and current compilation of The Insurance Act, 1938 along with its allied Acts and Rules, reflecting the law as applicable in 2026.
| Book Format | : | Paperback |
| Language | : | English |
| ISBN-13 | : | 9789378330315 |
| Book Edition | : | 2026 |
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Shipping & Returns
Shipping
Orders are shipped within 3–5 working days (exceptions may occur). Deliveries within Delhi usually take 3–5 working days post-shipment, while deliveries outside Delhi may take 4–5 working days. International shipping is not available at present. Once your package has been dispatched, you will receive a confirmation email with a tracking number to monitor your order.
Returns
We do not accept returns or exchanges for books once sold. A return or replacement is only possible if the book delivered is damaged or if the wrong book has been sent. In such cases, customers are requested to contact us within 7 days of delivery with order details and proof (such as a photo of the book). Refunds will be processed once the returned books are received and inspected, and the amount will be credited in the original form of payment within 7 working days. Shipping charges will not be refunded unless the return is due to our error.
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We accept payments via Debit Cards, Credit Cards, UPI, Net Banking, and Cash on Delivery (COD) for your convenience.
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We accept payments via Debit Cards, Credit Cards, UPI, Net Banking, and Cash on Delivery (COD) for your convenience.
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We accept payments via Debit Cards, Credit Cards, UPI, Net Banking, and Cash on Delivery (COD) for your convenience.
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