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Banking Sample Paper SBI Clerk Grade (Main) Sample Test Paper-3

  • question_answer
    In India the minimum capital requirement for setting up of Health Insurance Company is

    A)  Rs. 250 crore

    B)  Rs. 500 crore

    C)  Rs. 50 crore

    D)  Rs. 150 crore

    E)  Rs. 100 crore

    Correct Answer: E

    Solution :

     For setting up a standalone health insurance company, the minimum capital requirement, as per extant laws, is Rs. 100 crore. However, the Insurance Laws (Amendment) Bill. If passed, will reduce minimum capital for a health insurer at Rs. 50 crore.


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