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      Question

      Which entity has achieved the distinction of becoming

      the initial Indian life insurance company to attain a 74% foreign shareholding?
      A Bajaj Allianz General Insurance Co. Ltd. Correct Answer Incorrect Answer
      B ICICI Lombard General Insurance Co. Ltd. Correct Answer Incorrect Answer
      C IFFCO-Tokio General Insurance Co. Ltd. Correct Answer Incorrect Answer
      D Ageas Federal Life Insurance Co. Ltd. Correct Answer Incorrect Answer
      E United India Insurance Co. Ltd. Correct Answer Incorrect Answer

      Solution

      Ageas Federal Life Insurance (AFLI) announced that after Belgium-based Ageas Insurance International successfully acquired the 25% investment in the life insurance joint venture (JV) from IDBI Bank, it has become the first life insurance firm in India with a 74% stake held by a foreign partner.

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