Currently the minimum capital needed to start a primary insurance company is Rs 100 crore as prescribed by the Malhotra Committee on Insurance Reforms. There are insurance companies who have started operations with a minimum capital over Rs 100 crore.
How much money is required to start a insurance company in India?
100 crore. If the application is made for the business of Reinsurance, there must be documentary evidence proving that the paid-up capital of the business is at least Rs. 200 crore.
How can I start a small insurance company in India?
Our main messages are: • Capital is a measure of funds in excess of what is. needed to meet future obligations to policyholders. (insurance liabilities).