IRDAI - GS questions based on daily current affairs

1)   According to IRDAI norms, which of the following statements is/are correct?

1. A company has to be in the insurance business for 10 years to be eligible to list on the equity market.
2. Private-sector life insurance companies with assets under management (AUMs) of more than Rs 60,000 crore will be the first ones that will have to list.

a. Only 1
b. Only 2
c. Both
d. None