Insurance Current Affairs, GK & News

‘Meri Policy Mere Haath’ campaign

‘Meri Policy Mere Haath’ campaign was launched in Hassan, Karnataka. About the campaign ‘Meri Policy Mere Haath’ campaign is part of the Pradhan Mantri Fasal Bima Yojana. The campaign is aimed at motivating all farmers in the country to insure their crops. Under this program, every farmer who has taken insurance under the Pradhan Mantri ..

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Foreign direct investment in LIC

The Government of India recently decided to allow 20% Foreign Direct Investment (FDI) in LIC (Life Insurance Corporation). This is to be done by amending the Foreign Exchange Management Rules (FEMA). What is the plan? The DFS, DIPAM are to create a plan to amend the FDI in insurance sector after consulting DPIIT. DFS is ..

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IRDAI guidelines on Surety Insurance

The IRDAI recently issued guidelines for surety insurance. Under the guidelines, the Insurance Regulatory and Development Authority of India has capped the surety insurance to 10% of the premium. And the maximum threshold was set to five hundred crores of rupees. What is surety insurance? Surety insurance are guarantees without collateral. It protects the lender ..

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Insurance Scheme for Health Workers under PM Garib Kalyan Yojana

The Government of India is to extend the insurance scheme for health workers under the Pradhan Mantri Garib Kalyan Yojana for another one year. Key Highlights The current COVID Warrior Insurance Scheme that was launched by Government of India in 2020 was to end by March 24, 2021. Thus, the GoI is extending the scheme. ..

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IFSC submits its report on Capital Market to IFSCA

IFSC International Retail Business Development Committee has presented its final report to IFSCA on November 11. The final report has recommendations on Capital Markets. The committee also made recommendations for the development of IFSC. Before this, the committee has submitted two interim reports on insurance and banking. This IFSC International Retail Business Development Committee was ..

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