Question
Under the Insurance Act, 1938 , which of the following
is the minimum paid-up capital requirement for a company to carry out life or general insurance business in India?Solution
As per the amended provisions of the Insurance Act, 1938 (read with IRDAI regulations), the minimum paid-up equity capital required for: · Life insurance, · General insurance, or · Standalone health insurance business is ₹100 crore. For reinsurance businesses , the requirement is higher— ₹200 crore. This financial threshold ensures only companies with sound capital backing are allowed to operate in the insurance sector, safeguarding policyholder interests.
130 114 106 102 100 ?
3720 3842 ? 4092 4220 4350
...0Â Â Â Â Â Â 2 Â Â Â Â Â Â Â 6Â Â Â Â Â Â 12 Â Â Â Â Â Â 20Â Â Â Â Â Â Â ?
...17Â Â Â Â Â ? Â Â Â Â Â 2142 Â Â Â Â Â Â 12852 Â Â Â Â Â Â 64260Â Â Â Â Â Â 257040
...133    183    220    ?     263     273
...720    ?     240     180      144     120
...12 7 10 25 107 ?
...125 36 343 ? 729 100
...8   24    12    ?   18     54
10 59 ? 1169 3503 7001
...
