5 Questions
Which year did the nationalization of life insurance business in India take place?
1956
When was the Insurance Regulatory & Development Authority of India (IRDAI) established?
2000
How many life insurance companies are operating in India?
24
Who transacts life insurance under the name Postal Life Insurance in India?
Department of Posts of the Government of India
What percentage of the paid up equity capital can foreign investors hold in an Indian Insurance company according to the amendment in 2021?
74%
Test your knowledge of the history of insurance regulation in India with this quiz. Learn about the nationalization of life and non-life insurance businesses, key legislative acts, and significant committees that shaped the insurance industry in India.
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