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:Ā Ā· Life insurance, Ā· General insurance, or Ā· Standalone health insurance business is ā¹100 crore. For reinsurance businesses , the requirement is higherā ā¹200 crore. This financial threshold ensures only companies with sound capital backing are allowed to operate in the insurance sector, safeguarding policyholder interests.
Any security provided to the bank in exchange for a loan is known asĀ ______.
From which city the Women's Tri-Services Motorcycle Rally was flagged off to mark the 24th Kargil Vijay Diwas?
- The Assam government and AASU have reached a consensus on how many recommendations from the Assam Accord Committee report?
What was the main feature of the logo designed by Shri Shaurya Pratap Singh for the IHRC?
Where was Indiaās Phenome India National Biobank inaugurated?
Consider the following statement about Mission Saksham Anganwadi and Poshan 2.0.
I. Pre-school Kit/ECCE is one of the sub-components of Saksham A...
Skateboarding, surfing and rock climbing have officially been added to the ________ Los Angeles Olympics.
The āINSPIREā program extends the existing perks, including preferential interest rates, priority banking services, and doorstep banking facilities,...
Where was Indiaās first cooperative multi-feed Compressed Biogas (CBG) plant inaugurated?
Who has been appointed Deputy National Security Adviser to handle internal affairs?
