Economics · Economy
Which key legislative change in the Indian Insurance Sector allowed for the entry of private players and foreign participation, leading to significant growth post-2000?
- 1Allowing 100% Foreign Direct Investment (FDI) in insurance in 2015
- 2The complete repeal of the General Insurance Business (Nationalisation) Act, 1972
- 3Amendment of the Insurance Act, 1938, in 1999
- 4Enactment of the IRDA Act, 1999✓
Correct answer
Enactment of the IRDA Act, 1999
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