What is the new minimum capital requirement set by IRDAI for foreign reinsurance branches (FRBs)?

Question

What is the new minimum capital requirement set by IRDAI for foreign reinsurance branches (FRBs)?

A. Rs 25 crores

B. Rs 50 crores

C. Rs 100 crores

D. Rs 155 crores

The Insurance Regulatory and Development Authority of India (IRDAI) has slashed the minimum capital requirement for foreign reinsurance branches from Rs 100 crores to Rs 50 crores.

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Accepted Answer

B. Rs 50 crores

What is the new minimum capital requirement set by IRDAI for foreign reinsurance branches (FRBs)?

Correct Answer :

Show all Current Affairs August 2023 MCQ

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