Central Act
The Life Insurance Corporation Act, 1956
An Act to provide for the nationalisation of life insurance business in India by transferring all such business to a Corporation established for the purpose and to provide for the regulation and control of the business of the Corporation and for matters connected therewith or incidental thereto.
| Act number | 31 of 1956 |
|---|---|
| Enacted | 1956-06-18 |
| In force from | 1956-07-01 |
| Ministry | Ministry of Finance |
| Department | Department of Financial Services |
| Sections | 79 |
| Schedules | 6 |
| Section text held | Registry entry; certified PDF held |
Other Acts of the Ministry of Finance
- The Health Security Se National Security Cess Act, 2025
- The National Bank for Financing Infrastructure and Development Act, 2021
- The Tribunals Reforms Act, 2021
- The Bilateral Netting of Qualified Financial Contracts Act, 2020
- The Direct Tax Vivad se Vishwas Act, 2020
- The Banning of Unregulated Deposit Schemes Act, 2019
- The International Financial Services Centres Authority Act, 2019
- The Fugitive Economic Offenders Act, 2018
Questions this page answers
When did the The Life Insurance Corporation Act, 1956 come into force?
It came into force on 1956-07-01, having been enacted on 1956-06-18.
Which ministry administers it?
The Ministry of Finance (Department of Financial Services).
Trijya holds a hash-verified copy of the official PDF of this Act; retrieval is available to API customers. Document archive.
Official data, Open data · as of 2026-07-21 · every row this page summarises carries its source, capture date and licence through the API.