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    5. What is the new solvency requirement set by IRDAI for surety bonds?

    Question

    What is the new solvency requirement set by IRDAI for

    surety bonds?
    A 1.875 times Correct Answer Incorrect Answer
    B 2 times Correct Answer Incorrect Answer
    C 1.5 times Correct Answer Incorrect Answer
    D 1.75 times Correct Answer Incorrect Answer
    E 1.25 times Correct Answer Incorrect Answer

    Solution

    IRDAI lowered the solvency requirement for surety bonds from 1.875 times to 1.5 times to expand the surety insurance market.

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