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    Insurance Company Incorporation

    Posted By : Sachin / Published on : 28-Mar-2022 09:47 AM / View : 46 / Comment : 1
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    Hello,

    Is there any Minimum Capital requirement for Insurance Company ?
    Also if anyone have formats of the Same. plz share

    Thank you in advance
    Read more on : incorporation company insurance

    • Dear sir,

      Greetings,

      With refrence to section 6 of The Insurance Act,1938

      If the application is made for the business of Life insurance, general insurance, or Health insurance there is requirement of having paid up capital of at least Rs.100 crore. If application is made for the business of reinsurance there is requirement of paid up share capital of at least Rs.200 crore 

      29-03-2022 / 06:50:48 AM
      Reply



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