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Question: The minimum paid up capital required for a General Insurance Company is Rs. ____

Options:

  1.  25 crores
  2.  50 crores
  3.  75 crores
  4.  100 crores
  5.  200 crores

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1 Answer

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4.  100 crores

The minimum paid up capital required for a General Insurance Company is  Rs. 100 crores.


More info:

For a General Insurance Company, minimum paid up capital required is Rs.100 crores.

Insurance companies are required to have a minimum paid-up of 1 billion rupees, while minimum payment amount of 2 billion rupees for reinsurance companies is prescribed.

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