Question

Every Insurer carrying on business in India shall invest and at all time keep invested an amount not exceeding ________ of their funds in other capital market Investments. percentage

Answer 1

Answer:

26 percent

Explanation:

Every Insurer carrying on business in India shall invest and at all time keep invested an amount not exceeding twenty six percent of their funds in other capital market Investments. percentage

This is in accordance with the Insurance Act of 1938, an act formed before the partition of Indian subcontinent, but it was then adapted by Indian government after partition.

Answer 2

Every Insurer carrying on business in India shall invest and at all time keep invested an amount not exceeding 15% of their funds in other capital market Investments.

Explanation:

• "Section 27A" of the "Insurance Act of 1938", and related Guidelines / Instructions issued from time to time "in accordance with" the Government of India, and IRDAI by regulation govern the investment in insurers' funds.
• A stock/capital market is a money market in which shares backed by long-term debt (over one year) or equity are sold and purchased.

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