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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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