Insurance Regulation in India History
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Questions and Answers

Which year did the nationalization of life insurance business in India take place?

  • 1972
  • 1999
  • 2000
  • 1956 (correct)

When was the Insurance Regulatory & Development Authority of India (IRDAI) established?

  • 1999
  • 1956
  • 2000 (correct)
  • 1972

How many life insurance companies are operating in India?

  • 2
  • 24 (correct)
  • 10
  • 50

Who transacts life insurance under the name Postal Life Insurance in India?

<p>Department of Posts of the Government of India (A)</p> Signup and view all the answers

What percentage of the paid up equity capital can foreign investors hold in an Indian Insurance company according to the amendment in 2021?

<p>74% (A)</p> Signup and view all the answers

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