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    Question

    Following the decision by the Insurance Regulatory and

    Development Authority of India (IRDAI), what is the revised minimum capital requirement for Foreign Reinsurance Business (FRBs)?
    A Rs 25 crore Correct Answer Incorrect Answer
    B Rs 50 crore Correct Answer Incorrect Answer
    C Rs 75 crore Correct Answer Incorrect Answer
    D Rs 100 crore Correct Answer Incorrect Answer
    E Rs 150 crore Correct Answer Incorrect Answer

    Solution

    The Insurance Regulatory and Development Authority of India (IRDAI) has chosen to lower the minimum capital requirement for Foreign Reinsurance Business (FRBs) to Rs 50 crore from Rs 100 crore. This amendment is among other revisions in the reinsurance segment aimed at positioning India as a global insurance hub.

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