Question

    Recently, which private sector company is yet to

    commence its general insurance business which is currently subject to receipt of the certificate of registration from IRDAI?
    A Amazon Correct Answer Incorrect Answer
    B Flipkart Correct Answer Incorrect Answer
    C Paytm Correct Answer Incorrect Answer
    D PhonePe Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Paytm General Insurance will become a subsidiary of Paytm. Incorporated in 2018, PGIL plans to register for and undertake general insurance business defined under Section 2(6B) of the Insurance Act, 1938 (“Insurance Act”). Notably, PGIL is yet to commence its general insurance business which is currently subject to receipt of the certificate of registration from IRDAI.

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