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

View solution

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

View solution

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

View solution

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?

View solution

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

View solution

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

View solution

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

View solution

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

View solution

Q. How many general insurance subsidiaries did GIC have?

View solution

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

View solution

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

View solution

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

View solution