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    Question

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

    capital required for starting a life insurance company is:
    A тВ╣5 crore Correct Answer Incorrect Answer
    B тВ╣10 crore Correct Answer Incorrect Answer
    C тВ╣25 crore Correct Answer Incorrect Answer
    D тВ╣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┬а 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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