Taxmann Life Insurance Corporation Act 1956 with Rules – Bare Act By Taxmann’s Editorial Board Edition 2026

Life Insurance Corporation Act 1956 with Rules Bare Act Edition 2026

Life Insurance Corporation Act 1956 with Rules Bare Act Edition 2026

Description

Insurance Act 1938 with Rules [Bare Act] by Taxmann is an authoritative statutory compendium that consolidates and presents India’s principal legislation governing the insurance business. The 2026 Edition reproduces the authentic and operative text of the Act, as amended up to date, together with the Insurance Rules 1939 and allied statutory material, ensuring complete legal accuracy, continuity, and practical usability for professionals and institutions. This Edition reflects the law as updated to date, including amendments introduced by the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act 2025, and preserves the legislation in its enacted form, making it suitable for precise statutory reference and citation.

The Present Publication is the 2026 Edition, covering the amended and updated text of the Insurance Act [Act No. 4 of 1938] and Rules, with the following noteworthy features:

• [Authentic Legislative Text] Complete and up-to-date reproduction of the Insurance Act 1938, incorporating all amendments in force up to the latest cut-off date
• [Latest Amendments Incorporated] Reflects statutory changes introduced by the Insurance Laws (Amendment) Act 2015 and subsequent amendment legislation, including the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act 2025
• [Allied Rules Included] Incorporates the full text of the Insurance Rules 1939, enabling a consolidated reading of substantive and procedural law
• [Amendments at a Glance] Tabular presentation summarising recent amendments for quick reference and legislative tracking
• [Logical & Practical Arrangement] Provisions organised systematically to reflect the regulatory life cycle of insurers—from registration and capital requirements to management, investments, and enforcement
• [Comprehensive Utility] Suitable for litigation support, regulatory compliance, policy drafting, academic research, and professional reference

The structure of the book is as follows:

• Marginal Headnotes – Each section is prefaced with concise descriptors for ease of navigation
• Bare Act Format – Presents the unaltered statutory text as enacted by Parliament
• Sequential Placement of Amendments – Amendments are integrated seamlessly within the principal text for continuity
• Rules Consolidated with the Act – Enables a single-volume reading of the Act and the Rules
• Detailed Table of Contents & Subject Index – Facilitates efficient access across a substantial body of insurance law provisions

Taxmann’s Editorial Board

Taxmann’s Research & Editorial Board includes Chartered Accountants, Company Secretaries, and Lawyers working under the editorial direction of Editor-In-Chief Mr Rakesh Bhargava. The team operates at the junction of legal expertise and editorial rigour, producing content that meets the high standards of India’s professional knowledge community. All content is sourced solely from authorised statutory repositories and is continuously updated to reflect the latest judicial pronouncements and legislative changes. Analysis is based on primary references—sections, rules, circulars, notifications, and rulings—ensuring that every insight is traceable, defensible, and practice-ready.