Insurance: GK, General Studies and Current Affairs

PM Modi chairs Cabinet meeting: Key Decisions

On July 8, 2020, PM Modi chaired the union cabinet meet. Ministers of various departments attended the meet including Finance Minister Nirmala Sitaraman, Union Minister Dr Harsh Vardhan, Defence Minister Rajnath Singh and Home Minister ..

Business Interruption Insurance

In light of the unprecedented economic losses due to the lockdown, businesses in India are looking at business interruption insurance for a way out. About Business interruption insurance is a type of insurance that covers ..

Mahatma Gandhi Bunkar Bima Yojana

The Mahatma Gandhi Bunkar Bima Yojana was recently discussed in the Lok Sabha by the Union Minister of Textiles. About the Scheme The Mahatma Gandhi Bunkar Bima Yojana is an insurance scheme for all community ..

Paytm receives license from IRDAI

India’s leading payment and fin-tech company Paytm has entered into the insurance segment, as its subsidiary received licence to sell life-and non-life products from the regulator- Insurance Regulatory and Development Authority of India (IRDAI). Noida-based ..

DPIIT notifies 100% FDI in insurance intermediaries under automatic approval route

The Department for Promotion of Industry and Internal Trade (DPIIT) recently notified that 100 per cent FDI is allowed in insurance intermediaries under automatic approval route. The FDI policy earlier allowed 49 per cent foreign ..