Insurance Regulations in India

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5 Questions

How many life insurance companies are currently operating in India?

24

When was the Insurance Act 1938 enacted in India?

1938

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

74%

Which entity is exempt from the purview of the Insurance Regulator in India?

India Post

"General Insurance Business Nationalization Act" led to the nationalization of:

"non-life insurance business"

Test your knowledge on the history of insurance regulations and nationalization in India, including the key legislations and entities involved.

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