Insurance In India Current Affairs, GK & News

IRDAI Guidelines on Arogya Sanjeevani product

March 19, 2021

The Insurance Regulatory and Development Authority of India (IRDAI) has asked the general and health insurance companies on March 19, 2020 to mandatorily offer the sum insured in between rupees 50,000 to rupees 10 lakh under the standard health insurance product. This move was announced in order to enhance the coverage which are available under Arogya Sanjeevani ..

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HDFC ERGO launches Business Kisht Suraksha cover

March 5, 2021

HDFC ERGO General Insurance has launched the “Business Kisht Suraksha” cover. It is a unique cover which was launched with the aim of protecting the balance sheet of Micro finance Institutions (MFIs), financial institutions and banks if any catastrophe or natural disaster occurs. Business Kisht Suraksha This was launched with the aim of limiting the ..

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Capital Support for State-Owned General Insurers: Rs 3,000 Crores to be infused

February 15, 2021

The Finance Ministry has decided to infuse Rs 3,000 crore capital into the state-owned general insurance companies in the current quarter. Key Facts The capital will be infused in order to improve the financial health of the insurers. In the recent move, government also looked after the Parliamentary nod for gross additional expenditure of Rs ..

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Over 14 lakh join Pradhan Mantri Kisan Maan Dhan Yojana

September 18, 2019

The government had launched the Pradhan Mantri Kisan Maan Dhan Yojana to provide social security through pensions for small and marginal farmers. How did the enrolment go? The scheme was rolled out in the month of August and in a month about over 14 lakh farmers have registered under the scheme. Analysis of initial data ..

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Uttar Pradesh becomes No. 1 in implementation of Pradhan Mantri Suraksha Bima Yojana

July 26, 2019

Uttar Pradesh has become number one in implementation of Pradhan Mantri Suraksha Bima Yojana (PMSBY) in the country. As per the statement released by state government, 1.95 crores people have been given insurance cover under the scheme till 31 march 2019. The implementation of this ambitious central government scheme started in state from January 2018 ..

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Suresh Mathur head of IRDA committee to review microinsurance framework

April 27, 2019

The Insurance Regulatory and Development Authority of India (IRDAI) has recently constituted a 13-member Committee to review the regulatory framework on microinsurance and recommend measures to increase the demand for such products. . The committee, under the chairmanship of IRDAI Executive Director Suresh Mathur, has been tasked with suggesting product designs with customer-friendly underwriting, including ..

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