Section 30: Corporation to have the exclusive privilege of carrying on life insurance business.

Q: What does Section 30 of The Life Insurance Corporation Act, 1956 (LIC Act) deal with?

Section 30 LIC Act pertains to "Corporation to have the exclusive privilege of carrying on life insurance business.". It is part of the The Life Insurance Corporation Act, 1956, a legislation enacted by the Parliament of India. Section 30 of The Life Insurance Corporation Act, 1956 (LIC Act) governs corporation to have the exclusive privilege of carrying on life insurance business. As verified on 22 May 2026.

Q: Is Section 30 LIC Act still in force?

Yes, Section 30 of the The Life Insurance Corporation Act, 1956 is currently in force across the Republic of India.

Q: What is धारा 30 LIC Act?

धारा 30 LIC Act is the Devanagari Hindi reference for Section 30 of the The Life Insurance Corporation Act, 1956. Section 30 of The Life Insurance Corporation Act, 1956 (LIC Act) governs corporation to have the exclusive privilege of carrying on life insurance business. As verified on 22 May 2026.

Q: What is Dhara 30 LIC Act?

Dhara 30 LIC Act is the Roman Hindi reference for Section 30 of the The Life Insurance Corporation Act, 1956. "Dhara" means "Section" in Hindi. Section 30 of The Life Insurance Corporation Act, 1956 (LIC Act) governs corporation to have the exclusive privilege of carrying on life insurance business. As verified on 22 May 2026.

Q: How to cite Section 30 of The Life Insurance Corporation Act, 1956?

Cite as: "Section 30, The Life Insurance Corporation Act, 1956 (LIC Act)" in legal briefs. For academic writing, use the BlueBook format: The Life Insurance Corporation Act, 1956, 1956, § 30 (India).

Law on Tips Editorial Board

Except to the extent otherwise expressly provided in this Act, on and from the appointed day the Corporation shall have the exclusive privilege of carrying on life insurance business in India; and on and from the said day any certificate to registration under the Insurance Act held by any insurer immediately before the said day shall cease to have effect in so far as it authorises him to carry on life insurance business in India.