R. Arthi Raju Knihy

The book emphasizes the importance of insurance for children's future, highlighting LIC's role as a trusted provider. It outlines various plans that not only secure children's well-being but also serve as effective investment options. The text discusses LIC's significant contributions to savings, insurance, capital structure, job creation, and economic support, encouraging new parents to consider these plans as a means to invest wisely in their child's future.

Focusing on the legal framework, the Indian Contract Act, 1872 establishes the foundational principles governing contracts in India, drawing from English Common Law. Applicable across all Indian states, it outlines the conditions under which agreements become legally enforceable. Notably, Section 2(h) defines a contract as an agreement that holds legal validity, emphasizing the importance of enforceability in contractual relationships.

Das indische Vertragsgesetz von 1872 regelt das Vertragsrecht in Indien und basiert auf englischem Common Law. Es legt fest, wann Zusagen rechtsverbindlich sind und definiert einen Vertrag als eine gesetzlich durchsetzbare Vereinbarung. Das Gesetz ist in allen Bundesstaaten Indiens anwendbar.