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

Question

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

Answer 1

4.  100 crores

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

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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.