Question
What is the paid up equity capital requirement for a
life insurance company?Solution
The Insurance Act, 1938. S. 6. Requirement as to capital .--(1) No insurer not being an insurer as defined in sub-clause (d) of clause (9) of section 2, carrying on the business of life insurance, general insurance, health insurance or re-insurance in India or after the commencement of the Insurance Regulatory and Development Authority Act, 1999 (41 of 1999), shall be registered unless he has,-- (i) a paid-up equity capital of rupees one hundred crore, in case of a person carrying on the business of life insurance or general insurance; or
- The government of India slashed the windfall tax on domestically produced petroleum crude to what value effective from September 18, 2024? 
- Which initiative is DPIIT launching under the Startup India program to boost India's startup ecosystem? 
- What is the primary objective of the nationwide financial literacy campaign launched by RBI and NCFE?
- Which Indian bank became a signatory to the Partnership for Carbon Accounting Financials (PCAF)? 
- India is set to submit updated NDCs at COP30 in Brazil. What was India’s earlier pledge on emissions intensity reduction (from 2005 baseline) by 2030?... 
- Which Indian state launched India's first 'rice ATM' to enhance the Public Distribution System (PDS)? 
- Which EPFO officer was selected for the prestigious World Bank–Milken Institute Public Financial Asset Management (PFAM) Program 2025–26? 
- Under which stage of India’s nuclear energy programme does the PFBR fall? 
- Which session of the International Maritime Organization (IMO) Council did India participate in, and what was one of the key issues discussed? 
- Which organization oversees the State Level Bankers' Committee (SLBC) in India?