IRDAI: GK, General Studies and Current Affairs

ICICI Lombard to merge with Bharti Axa General Insurance

ICICI Lombard general insurance company is going to merge with Bharti AXA’s non-life insurance business through a scheme of arrangement. According to ICICI Lombard, it will be the third-largest non-life insurer in India. Who are non-insurance companies? Non-life insurance companies are associated with providing insurance other than Life insurance. Such kinds of insurance include automobile ..

Care Health Insurance is the new name of Religare Health Insurance

Gurgaon headquartered, Religare Health Insurance got a new name “Care Health Insurance”. Religare Enterprises Limited is the umbrella organization of the group, which provides services like SME finance, Affordable Housing Finance, Retail Broking, and Health Insurance. Health Insurance Companies in India There are several health insurance companies in India. Such insurance companies need approval by ..

RBI launches National strategy for Financial Education for 2020-25

The Reserve Bank of India has come up with the Second National Strategy for Financial Education (NSFE) for the time period of 2020-25. The document of the apex bank recommended a ‘5 C’ approach with the objective of the circulation of financial education in the country. What is the National Strategy for Financial Education 2020-25? ..

G Srinivasan Committee

IRDAI has set up a nine member committee headed by G IRDAI has set up a nine member committee headed by G Srinivasan to look into the feasibility of allowing life insurers to offer indemnity-based health policies. Which body set up the G Srinivasan Committee? The G Srinivasan Committee was set up by the IRDAI ..

Union Cabinet approves capital infusion to 3 general insurance companies

The Union Cabinet approved a proposal for capital infusion and immediate release of Rs 2,500 crore to three state-owned general insurance companies. The three public sector companies are: United India Insurance, National Insurance Company and Oriental Insurance Company. The capital infusion is announced at the backdrop of their critical financial position and breach of regulatory ..