Q. Why was GIC made to operate exclusively in the reinsurance arena?

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Q. What empowers the Central Legislature to regulate the insurance industry in India?

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Q. Which company, established in Calcutta in 1818, was the first to start life insurance operations in India?

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Q. In which year was the first statutory measure introduced in India to regulate the life insurance business?

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Q. What was the name of the first general insurance company established by an Indian in Bombay in 1907?

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Q. In which year was the life insurance business nationalized, leading to the formation of the Life Insurance Corporation (LIC) of India?

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Q. What significant event occurred with the introduction of the General Insurance Business (Nationalisation) Act, 1972?

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Q. When was the General Insurance Corporation (GIC) formed, and what role was it initially assigned?

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Q. In which year were reforms initiated by the Government, leading to the formation of the Insurance Regulatory and Development Authority (IRDA) and the liberalization of the insurance sector?

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Q. What is the maximum Foreign Direct Investment (FDI) allowed in the insurance sector according to current rules?

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Q. How many councils does the Insurance Association of India (IAI) have, and what are their names?

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Q. As part of the reforms process, what transformation did GIC undergo, and what happened to its 4 subsidiaries?

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Q. As per current FDI norms how much is the FDI limit for insurance sector?

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Q. How many general insurance subsidiaries did GIC have?

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Q. In India the ________ is empowered to regulate the insurance industry.

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Q. ______________ in 1818 in Calcutta was the first life insurance company to start operations in India.

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Q. _______________ in Bombay in 1907 was the first general insurance company established by an Indian.

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