Insurance sector Current Affairs, GK & News
The Rajya Sabha has passed the “Insurance Amendment Bill 2021”. The Bill will amend the Insurance Act, 1938. The bill was passed even after the Opposition parties was criticising the bill for its clause that enable “control and ownership” by the foreign investors. Key Provisions of the bill The bill will increase the limit of ..
Category: Economy & Banking Current Affairs
The Insurance Regulatory and Development Authority of India (IRDAI) has provided guidelines for the health insurance providers to implement Arogya Sanjeevani Insurance Policy. The regulator had earlier made it mandatory for the insurance providers to frame a policy to provide basic coverage to at least 55% of Indian population. About the policy The “Arogya Sanjeevani ..
Category: Government Schemes Current Affairs
State-owned India Post Payments Bank (IPPB) and private life insurer Bajaj Allianz Life Insurance Co Ltd (BALIC) have entered into strategic partnership to provide life insurance solutions. It will allow IPPB customers across segments to access wide array of life insurance products and services especially at doorstep. BALIC is the first life insurer to partner ..
Union Government is going to launch Rs.500 crore Credit Enhancement Fund (CEF) in July 2018 to facilitate infrastructure investments by insurance and pension funds. The CEF provides additional source of assaurance or gaurantee that borrower will service their loan. It also helps borrower to raise loans at lower interest rates. The fund was first announced ..
Month: Current Affairs - June, 2018
The Appointments Committee of Cabinet (ACC) has appointed former chief secretary of Karnataka, Subhash Chandra Khuntia as new chairman of Insurance Regulatory and Development Authority of India (IRDAI). He will succeed TS Vijayan whose five-year term ended in February 2018. He will have tenure of period of three years from the date of joining. Subhash ..
Month: Current Affairs - May, 2018
Category: Awards, Persons & Places in News