The insurance law of India is the group of the laws and statutes that control the insurance sector and the relations between insurer, policyholder and beneficiary.Under Indian insurance law, various categories of insurance are in place, such as life insurance, general insurance (non-life insurance), and health insurance. Insurance regulatory laws in India guarantee the right of policyholders by laying down the rules concerning the definition of policy terms and conditions, premium payment, claim settlement procedure, and redressal of grievances. Read full updates of insurance laws from Livelaw