Question

How much is the minimum capital requirement for starting insurance business in India?

a.

Rs. 25 crores

b.

Rs. 50 crores

c.

Rs. 75 crores

d.

Rs. 100 crores

Answer: (d).Rs. 100 crores Explanation:The minimum capital requirement for starting an insurance business in India is Rs. 100 crores.

Interact with the Community - Share Your Thoughts

Uncertain About the Answer? Seek Clarification Here.

Understand the Explanation? Include it Here.

Q. How much is the minimum capital requirement for starting insurance business in India?

Similar Questions

Explore Relevant Multiple Choice Questions (MCQs)

Q. The Financial Services Authority (FSA) is the insurance regulator of which country?

Q. How can one assess if an insurance company will be able to meet its claims or not?

Q. As per the principle of indemnity, for acceptable claims; insurance companies pay ________

Q. What type of documents does IAIS issue?

Q. What role does the International Association of Insurance Supervisors (IAIS) play in the insurance industry?

Q. What is the primary purpose of regulations created by the insurance regulator?

Q. Which of the following statements best describes the role of insurance in society?

Q. When was the IAIS established?

Q. What is the role of the International Association of Insurance Supervisors (IAIS)?

Q. What is the primary focus of "The Geneva Association"?

Q. Which organization is the apex body of fifty State-level regulators of the USA?

Q. What is the role of the International Association of Insurance Supervisors (IAIS)?

Q. Which organizations have contributed to insurance reform worldwide?

Q. How do regulators ensure a level playing ground for all insurers?

Q. What is the consequence of over-pricing insurance products?

Q. Why is it difficult for customers to evaluate an insurance policy at the time of purchasing insurance?

Q. What does solvency measure for insurance companies?

Q. Why do regulators create accounting norms, investment norms, audit systems, etc. for insurers?

Q. What is the minimum capital requirement for starting a life insurance business in India?

Q. What is one reason insurance regulators prescribe a high capital base for issuing licenses?

Recommended Subjects

Are you eager to expand your knowledge beyond IC 14 Regulations of Insurance Business? We've handpicked a range of related categories that you might find intriguing.

Click on the categories below to discover a wealth of MCQs and enrich your understanding of various subjects. Happy exploring!