Section 6: Requirement as to capital

Q: What does Section 6 of The Insurance Act, 1938 (TIA) deal with?

Section 6 TIA pertains to "Requirement as to capital". It is part of the The Insurance Act, 1938, a legislation enacted by the Parliament of India. Section 6 of The Insurance Act, 1938 (TIA) governs requirement as to capital. As verified on 19 May 2026.

Q: Is Section 6 TIA still in force?

Yes, Section 6 of the The Insurance Act, 1938 is currently in force across the Republic of India.

Q: What is धारा 6 TIA?

धारा 6 TIA is the Devanagari Hindi reference for Section 6 of the The Insurance Act, 1938. Section 6 of The Insurance Act, 1938 (TIA) governs requirement as to capital. As verified on 19 May 2026.

Q: What is Dhara 6 TIA?

Dhara 6 TIA is the Roman Hindi reference for Section 6 of the The Insurance Act, 1938. "Dhara" means "Section" in Hindi. Section 6 of The Insurance Act, 1938 (TIA) governs requirement as to capital. As verified on 19 May 2026.

Q: How to cite Section 6 of The Insurance Act, 1938?

Cite as: "Section 6, The Insurance Act, 1938 (TIA)" in legal briefs. For academic writing, use the BlueBook format: The Insurance Act, 1938, § 6 (India).

Law on Tips Editorial Board

(1)

No insurer not being an insurer as defined in sub-clause (d) of clause (9) of section 2, carrying on the business of life insurance, general insurance, health insurance or re-insurance in India or after the commencement of the Insurance Regulatory and Development Authority Act, 1999 (41 of 1999), shall be registered unless he has,—

(i) a paid-up equity capital of rupees one hundred crore, in case of a person carrying on the business of life insurance or general insurance; or

(ii) a paid-up equity capital of rupees one hundred crore, in case of a person carrying on exclusively the business of health insurance; or

(iii) a paid-up equity capital of rupees two hundred crore, in case of a person carrying on exclusively the business as a re-insurer:

(2)

No insurer, as defined in sub-clause (d) of clause (9) of section 2, shall be registered unless he has net owned funds of not less than rupees five thousand crore.