Question

    What is the new minimum capital requirement set by the

    Insurance Regulatory and Development Authority of India (IRDAI) for foreign reinsurance branches (FRBs)? 
    A Rs 25 crore Correct Answer Incorrect Answer
    B Rs 45 crore Correct Answer Incorrect Answer
    C Rs 50 crore Correct Answer Incorrect Answer
    D Rs 70 crore Correct Answer Incorrect Answer
    E Rs 75 crore Correct Answer Incorrect Answer

    Solution

    The Insurance Regulatory and Development Authority of India (IRDAI) has slashed the minimum capital requirement for foreign reinsurance branches (FRBs) from Rs 100 crore to Rs 50 crore with the provision to repatriate any excess assigned capital.

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