(a) the number of private companies which have closed down their business during the last two years:
(b) the reasons therefor;
(c) whether the said companies have returned the money due to insurers; and
(d) if not, the action taken against them?
(a) the number of private companies which have closed down their business during the last two years:
(b) the reasons therefor;
(c) whether the said companies have returned the money due to insurers; and
(d) if not, the action taken against them?
THE MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI S.S. PALANIMANICKAM):
(a) As informed by IRDA, none of the private insurance companies has closed down its
business during the last two years.
(b) to (d) Do not arise.