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IE-IFS Capsule Cards PRO Insurance Companies
In what year was the life insurance business nationalised in India, leading to the creation of LIC?
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Life Insurance Nationalisation
Insurance Companies 48
WA 48
IE-IFS Capsule Cards PRO Insurance Companies
What is the current maximum Foreign Direct Investment (FDI) limit allowed in Indian insurance companies and intermediaries?
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FDI Limits in Insurance
Insurance Companies 47
WA 47
IE-IFS Capsule Cards PRO Insurance Companies
Can a policyholder open multiple e-Insurance Accounts (e-IA) with different repositories to manage their electronic policies?
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e-Insurance Account (e-IA)
Insurance Companies 44
WA 44
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What strict ethical regulation does the Insurance Act enforce regarding the sale of insurance policies?
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Prohibition of Rebates
Insurance Companies 42
WA 42
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What is the fundamental legal difference in representation between an Insurance Agent and an Insurance Broker?
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Insurance Brokers vs Agents
Insurance Companies 42
WA 42
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What was the name of the first life insurance company established in India, and in what year was it set up?
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First Insurance Company
Insurance Companies 41
WA 41
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When was the General Insurance business nationalised, and how many companies was it consolidated into?
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General Insurance Nationalisation
Insurance Companies 41
WA 41
IE-IFS Capsule Cards PRO Insurance Companies
What is the formula used to calculate 'Insurance Density' in a country?
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Insurance Density
Insurance Companies 41
WA 41
IE-IFS Capsule Cards PRO Insurance Companies
How do Life Insurance and General Insurance fundamentally differ in terms of the risk they cover?
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39 Views
Types of Insurance Risk
Insurance Companies 39
WA 39
IE-IFS Capsule Cards PRO Insurance Companies
Which entity serves as the sole national reinsurer in India, and what mandatory benefit does it enjoy?
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38 Views
GIC Re (National Reinsurer)
Insurance Companies 38
WA 38
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In which year was the Insurance Regulatory and Development Authority of India (IRDAI) constituted as an autonomous body?
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Establishment of IRDAI
Insurance Companies 37
WA 37
IE-IFS Capsule Cards PRO Insurance Companies
As per the Malhotra Committee's accepted recommendations, what is the minimum paid-up capital required for a private insurance company?
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Minimum Capital Requirement
Insurance Companies 37
WA 37
IE-IFS Capsule Cards PRO Insurance Companies
How is 'Insurance Penetration' officially calculated for a country's economy?
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Insurance Penetration
Insurance Companies 36
WA 36
IE-IFS Capsule Cards PRO Insurance Companies
Which key committee was set up in 1993 by the RBI Governor to propose reforms in the Indian insurance sector?
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35 Views
Malhotra Committee (1993)
Insurance Companies 35
WA 35
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Are private insurance companies mandated to serve rural and economically vulnerable populations?
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Rural and Social Sector Obligations
Insurance Companies 32
WA 32
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What is the role of an Insurance Repository approved by IRDAI?
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Insurance Repositories
Insurance Companies 37
WA 37
IE-IFS Capsule Cards PRO Insurance Companies
In the insurance sector, under which category do Third-Party Administrators (TPAs) and Surveyors fall?
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Third-Party Administrators (TPAs)
Insurance Companies 34
WA 34
IE-IFS Capsule Cards PRO Insurance Companies
As of March 2020, how many total insurance companies were operating in the Indian market across all categories?
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Number of Insurers
Insurance Companies 34
WA 34
IE-IFS Capsule Cards PRO Insurance Companies
Under the provisions of the Insurance Act 1938, what was the primary historical function of the Tariff Advisory Committee?
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Tariff Advisory Committee (TAC)
Insurance Companies 33
WA 33
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Which landmark legislation remains the fundamental regulatory foundation for insurance operations in India?
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Insurance Act, 1938
Insurance Companies 32
WA 32
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Insurance Companies — JAIIB IE-IFS Capsules

India's #1 short-form JAIIB preparation app. 500+ capsule cards, unlimited mock tests & PDF notes for JAIIB May & Nov 2026 (PPB, IE-IFS, AFM, RBWM). Learn while commuting. Clear JAIIB in your first attempt. Join 5,000+ bankers.

All 20 cards on this page
Life Insurance Nationalisation In what year was the life insurance business nationalised in India, leading to the creation of LIC? FDI Limits in Insurance What is the current maximum Foreign Direct Investment (FDI) limit allowed in Indian insurance companies… e-Insurance Account (e-IA) Can a policyholder open multiple e-Insurance Accounts (e-IA) with different repositories to manage their… Prohibition of Rebates What strict ethical regulation does the Insurance Act enforce regarding the sale of insurance policies? Insurance Brokers vs Agents What is the fundamental legal difference in representation between an Insurance Agent and an Insurance B… First Insurance Company What was the name of the first life insurance company established in India, and in what year was it set… General Insurance Nationalisation When was the General Insurance business nationalised, and how many companies was it consolidated into? Insurance Density What is the formula used to calculate 'Insurance Density' in a country? Types of Insurance Risk How do Life Insurance and General Insurance fundamentally differ in terms of the risk they cover? GIC Re (National Reinsurer) Which entity serves as the sole national reinsurer in India, and what mandatory benefit does it enjoy? Establishment of IRDAI In which year was the Insurance Regulatory and Development Authority of India (IRDAI) constituted as an… Minimum Capital Requirement As per the Malhotra Committee's accepted recommendations, what is the minimum paid-up capital required f… Insurance Penetration How is 'Insurance Penetration' officially calculated for a country's economy? Malhotra Committee (1993) Which key committee was set up in 1993 by the RBI Governor to propose reforms in the Indian insurance se… Rural and Social Sector Obligations Are private insurance companies mandated to serve rural and economically vulnerable populations? Insurance Repositories What is the role of an Insurance Repository approved by IRDAI? Third-Party Administrators (TPAs) In the insurance sector, under which category do Third-Party Administrators (TPAs) and Surveyors fall? Number of Insurers As of March 2020, how many total insurance companies were operating in the Indian market across all cate… Tariff Advisory Committee (TAC) Under the provisions of the Insurance Act 1938, what was the primary historical function of the Tariff A… Insurance Act, 1938 Which landmark legislation remains the fundamental regulatory foundation for insurance operations in Ind…
Chapters in this paper
Micro Finance Institutions Non-Banking Financial Companies (NBFCs) Fixed Income Markets – Debt and Bond Markets Interconnectedness of Markets and Market Dynamics Merchant Banking Services Foreign Exchange Markets (IE-IFS) Factoring, Forfaiting and Trade Receivables Discounting System (TReDS) Venture Capital Lease Finance and Hire Purchase Credit Rating and Credit Scoring Pension Products Para Banking and Financial Services Provided by Banks Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) An Overview of Indian Economy Fundamentals of Economics, Microeconomics, and Macroeconomics and Types of Economies Indian Financial System – An Overview
Modules in IE-IFS
MODULE A: Indian Economic Architecture MODULE B: Economic Concepts Related to Banking MODULE C: Indian Financial Architecture MODULE D: Financial Products & Services
JAIIB papers
IE-IFS — Indian Economy & Indian Financial System PPB — Principles & Practices of Banking AFM — Accounting & Financial Management for Bankers RBWM — Retail Banking & Wealth Management
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