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      Question

      Under the Insurance Act, 1938, the minimum paid-up

      capital required for starting a life insurance company is:
      A ₹5 crore Correct Answer Incorrect Answer
      B ₹10 crore Correct Answer Incorrect Answer
      C ₹25 crore Correct Answer Incorrect Answer
      D ₹100 crore Correct Answer Incorrect Answer

      Solution

      Under the Insurance Act, 1938, the minimum paid-up capital required for starting a life insurance company is  Rs. 100 crore . This requirement applies specifically to life insurance businesses to ensure financial soundness and the company's ability to meet its obligations to policyholders.

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