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.
134, 138, 132, 142, 126, 146, 122
Find the wrong number in the given number series.
4, 8, 24, 84, 480, 2880
12, 27, 44, 68, 94
Find the wrong number in the given number series.
 289, 274, 260, 247, 235, 225
Find the wrong number in the given number series.
24, 360, 629, 3148, 15742
4, 5, 12, 39, 160, 806
Find the wrong number in the given number series.
3, 8, 15, 24, 35, 50, 63- Find the wrong number in the given number series.
50, 64, 90, 134, 190, 260 - Find the wrong number in the given number series.
25, 36, 50, 68, 92, 120 12, 14, 18, 26, 38, 64
