Insurance Regulation in India History
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Insurance Regulation in India History

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.

Created by
@SweetStrait

Questions and Answers

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?

<p>Department of Posts of the Government of India</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%</p> Signup and view all the answers

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