Legal Aspects of Life Assurance
Insurance Institute of India: Associate Examination
Covers the legal framework of life assurance in India — sources of law and administration of justice; the law of contract and the life insurance contract; policy conditions, lapse, revival and non-forfeiture; group and other schemes; the policy as property; assignment, nomination and MWP Act rights; claim settlement; tax laws; insurance intermediaries; the legal status of individuals and FEMA provisions; nationalisation and the LIC Act; consumer protection and the Ombudsman; insurance legislation abroad; and the IRDA Act 1999.
Across 16 chapters, every question reviewed and exam-aligned.
| Chapter | Chapter Name | Questions |
|---|---|---|
| 1 | Sources of Law | 28 |
| 2 | Administration of Justice in India | 28 |
| 3 | Law of Contract | 28 |
| 4 | Life Insurance Contract - I | 28 |
| 5 | Life Insurance Contract - II | 28 |
| 6 | Group Life and Other Insurance Schemes | 28 |
| 7 | Life Insurance Policies as Property | 28 |
| 8 | Rights under Life Insurance Policies | 28 |
| 9 | Claim Settlement | 28 |
| 10 | Tax Laws and Life Insurance | 28 |
| 11 | Insurance Intermediaries | 28 |
| 12 | Legal Status of Individuals and Life Insurance | 28 |
| 13 | Nationalisation of Life Insurance | 28 |
| 14 | Protection of Interests of Consumers | 28 |
| 15 | Life Insurance Legislation Abroad and Policy Initiatives in India | 28 |
| 16 | Insurance Regulatory and Development Authority (IRDAI) | 28 |
Draws from all 448 questions across every chapter, so no two attempts are the same.
Chapters in this module
Exam-preparation material only. InsuranceGurukul does not sell insurance or financial products.