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CISR At JMU Logo
The Center for Insurance Studies and Research (CISR) started in 2002 and is an education and training center at the National Law University, Jodhpur, India. It offers Postgraduate and Research programs. The National Law University of Jodhpur was established in 2001. Other specialized and comprehensive centers of learning that the National Law University, Jodhpur includes are: the Center for Law and Management, Center for Insurance, and Center for Banking and Finance. Initial Endowment The first endowment for creating a chair on Insurance studies was initiated by New India Assurance in December 2001 in the presence of the Finance Minister Yashwant Sinha and L M Singhvi, former member, Rajya Sabha. Insurance Chair The center has received an endowment of Rs. 4mm lakhs from New India Assurance Company Ltd. followed by Rs. 3.5mm by General Insurance Corporation of India to establish chairs on Insurance and Reinsurance. The establishment of the chair has encouraged the analysis an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Law University, Jodhpur
National Law University, Jodhpur (NLUJ) is a public law school and a National Law University established under the National Law University, Jodhpur, Act, 1999 enacted by the Rajasthan State Legislature. The university was established for the advancement of learning, teaching, research and diffusion of knowledge in the field of law. It is one of the autonomous law schools in India. The university is recognized by the Bar Council of India, as well as the University Grants Commission under Section 12 (B) of the UGC Act, 1956, and is a member of the Association of Indian Universities. History The idea for the establishment of a National Law University in every state was recommended by Justice Aziz Mushabber Ahmadi in his 1994 committee report as a way to improve the standard and quality of legal education in India. The recommendations were finally implemented and National Law University, Jodhpur was set up in November 1999 by the passing of the National Law University Act, 1 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mint (newspaper)
''Mint'' is an Indian financial daily newspaper published by HT Media, a Delhi-based media group which is controlled by the K. K. Birla family that also publishes ''Hindustan Times''. It mostly targets readers who are business executives and policy makers. It has been in circulation since 2007. Of the five business dailies published in India, Mint rose to the number two position immediately after its launch and has remained there (behind The Economic Times ever since. It publishes a single national edition that is printed and distributed in New Delhi, Mumbai, Bangalore, Hyderabad, Chennai, Kolkata, Pune, Ahmedabad and Chandigarh. Unlike most mainstream newspapers from India, Mint is not published on Sunday. It instead offers its readers Mint Lounge every Saturday, a weekend magazine focused on intelligent lifestyle, fashion, food, books, science and culture. Mint's editorial coverage and its style of presentation is noted for its refreshing clarity and accessibility - facets ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New India Assurance
The New India Assurance Co. Ltd., is a central public sector undertaking under the ownership of Ministry of Finance, Government of India. It is based in Mumbai, Maharashtra. "It is the largest nationalised general insurance company of India on the basis of gross premium collection inclusive of foreign operations". It was founded by Sir Dorabji Tata in 1919, and was nationalised in 1973. Previously, it was a subsidiary of the General Insurance Corporation of India (GIC). But when GIC became a re-insurance company following the passage of the IRDA Act 1999, its four primary insurance subsidiaries New India Assurance, United India Insurance, Oriental Insurance and National Insurance became autonomous. Offices The company, with its registered Head office in Mumbai, has about 31 regional offices, 6 Large Corporate Offices, 447 Divisional Offices, 578 Branches, 27 Direct Agent Branches and 1,239 Micro Offices, Elmo Auto hub, 2 centralised legal hubs totaling 2329 offices. The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Yashwant Sinha
Yashwant Sinha (, born 6 November 1937) is an Indian administrator and politician. He served as the Minister of Finance from 1990 until 1991 under Prime Minister Chandra Shekhar and again from March 1998 to July 2002 under Prime Minister Atal Bihari Vajpayee. He also served as the Minister of External Affairs from July 2002 until May 2004. He was a senior leader of the BJP before he left the party on 21 April 2018. In March 2021, he joined the AITC; however he left in June 2022 as he was selected by the Combined Opposition Parties as their Presidential Candidate for the 2022 Presidential election. But lost the election against Droupadi Murmu of NDA. Early life Sinha was born in a Kayastha family in Patna, Bihar. He graduated from University of Patna in BA Hons(History).He received his master's degree in political science in 1958. Subsequently, he taught the subject at the University of Patna until 1962. Civil Service career Sinha joined the Indian Administrative Service ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rajya Sabha
The Rajya Sabha, constitutionally the Council of States, is the upper house of the bicameral Parliament of India. , it has a maximum membership of 245, of which 233 are elected by the legislatures of the states and union territories using single transferable votes through open ballots, while the president can appoint 12 members for their contributions to art, literature, science, and social services. The potential seating capacity of the Rajya Sabha is 245 (233 elected, 12 appointed), according to article 80 of the Indian Constitution. Members sit for staggered terms lasting six years, with about a third of the 238 designates up for election every two years, in even-numbered years. The Rajya Sabha meets in continuous sessions, and unlike the Lok Sabha, being the lower house of the Parliament, the Rajya Sabha is not subjected to dissolution. However, the Rajya Sabha, like the Lok Sabha, can be prorogued by the president. The Rajya Sabha has equal footing in legislation with ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lakhs
A lakh (; abbreviated L; sometimes written lac) is a unit in the Indian numbering system equal to one hundred thousand (100,000; scientific notation: 105). In the Indian 2,2,3 convention of digit grouping, it is written as 1,00,000. For example, in India, 150,000 rupees becomes 1.5 ''lakh'' rupees, written as 1,50,000 or INR 1,50,000. It is widely used both in official and other contexts in Afghanistan, Bangladesh, Bhutan, India, Myanmar, Nepal, Pakistan, and Sri Lanka. It is often used in Bangladeshi, Indian, Pakistani, and Sri Lankan English. Usage In Indian English, the word is used both as an attributive and non-attributive noun with either an unmarked or marked ("-s") plural, respectively. For example: "1 ''lakh'' people"; "''lakhs'' of people"; "20 ''lakh'' rupees"; "''lakhs'' of rupees". In the abbreviated form, usage such as "5L" or "5 lac" (for "5 ''lakh'' rupees") is common. In this system of numeration, 100 ''lakh'' is called one ''crore'' and is equal t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
General Insurance Corporation Of India
General Insurance Corporation of India Limited abbreviated as GIC Re is a central public sector undertaking under the ownership of Ministry of Finance, Government of India. It was incorporated on 22 November 1972 under Companies Act, 1956. GIC Re has its registered office and headquarters in Mumbai. It was the sole nationalised reinsurance company in the Indian insurance market until the insurance market was open to foreign reinsurance players by late 2016 including companies from Germany, Switzerland and France. GIC Re's shares are listed on BSE Limited and National Stock Exchange of India Ltd. Making of GIC The business of general insurance was nationalised through The General Insurance (Emergency) Provisions Ordinance promulgated on 13 May 1971 and thereby the business being carried on by 107 entities was consolidated and restructured into four companies namely The New India Assurance Company Limited, Bombay, United India Fire & General Insurance Company Limited, Madras ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Insurance Regulatory And Development Authority
The Insurance Regulatory and Development Authority of India (IRDAI) is a regulatory body under the jurisdiction of Ministry of Finance , Government of India and is tasked with regulating and licensing the insurance and re-insurance industries in India. It was constituted by the Insurance Regulatory and Development Authority Act, 1999, an Act of Parliament passed by the Government of India. The agency's headquarters are in Hyderabad, Telangana, where it moved from Delhi in 2001. IRDAI is a 10-member body including the chairman, five full-time and four part-time members appointed by the government of India. History In India insurance was mentioned in the writings of many historical documents, which examined the pooling of resources for redistribution after fire, floods, epidemics and famine. The life-insurance business began in 1818 with the establishment of the Oriental Life Insurance Company in Calcutta; the company failed in 1834. In 1829, Madras Equitable began conducti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reinsurance
Reinsurance is insurance that an insurance company purchases from another insurance company to insulate itself (at least in part) from the risk of a major claims event. With reinsurance, the company passes on ("cedes") some part of its own insurance liabilities to the other insurance company. The company that purchases the reinsurance policy is called a "ceding company" or "cedent" or "cedant" under most arrangements. The company issuing the reinsurance policy is referred to as the "reinsurer". In the classic case, reinsurance allows insurance companies to remain solvent after major claims events, such as major disasters like hurricanes and wildfires. In addition to its basic role in risk management, reinsurance is sometimes used to reduce the ceding company's capital requirements, or for tax mitigation or other purposes. The reinsurer may be either a specialist reinsurance company, which only undertakes reinsurance business, or another insurance company. Insurance companies ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Management
Management (or managing) is the administration of an organization, whether it is a business, a nonprofit organization, or a government body. It is the art and science of managing resources of the business. Management includes the activities of setting the strategy of an organization and coordinating the efforts of its employees (or of volunteers) to accomplish its objectives through the application of available resources, such as financial, natural, technological, and human resources. "Run the business" and "Change the business" are two concepts that are used in management to differentiate between the continued delivery of goods or services and adapting of goods or services to meet the changing needs of customers - see trend. The term "management" may also refer to those people who manage an organization—managers. Some people study management at colleges or universities; major degrees in management includes the Bachelor of Commerce (B.Com.), Bachelor of Business Adminis ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Insurance Institute Of India
The Insurance Institute of India is the sole national apex body for insurance underwriters in India established in 1955 in Mumbai. It is under the ownership of Ministry of Finance, Government of India. It was created for the purpose of regulation and licensing of insurance underwriting profession in India. The institute conducts examinations at various levels. It is the professional institute in India devoted solely to insurance-underwriting education. Certificates and diplomas are awarded by the institute to successful candidates. These are recognised by the government of India, the Insurance Regulatory and Development Authority The Insurance Regulatory and Development Authority of India (IRDAI) is a regulatory body under the jurisdiction of Ministry of Finance , Government of India and is tasked with regulating and licensing the insurance and re-insurance industrie ...), and insurers in India and abroad. These qualifications are recognised by similar institutes in the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
