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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 ..
RBI launches 5-year Financial Inclusion Strategy
The Reserve Bank of India has launched National Strategy for Financial Inclusion (2019-24). The main motive of the strategy is to provide access to financial services in an affordable manner. Highlights The Strategy has been launched after thorough consultation with ..
Month: Current Affairs - February, 2020
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 ..
GoI merges three Insurance PSUs
The GoI will merge 3 public Sector Insurance Companies as announced in budget 2019-20. The merger includes United India Insurance Limited, National Insurance Co Limited and Oriental Insurance Company Limited. Highlights The Budget 2019-2020 did not make provision of funds ..
Month: Current Affairs - November, 2019
Recommendations of the Nilekani Panel for strengthening Digital Payments
The panel headed by Nandan Nilekani has submitted the recommendations to the Reserve Bank of India (RBI) for strengthening digital payments ecosystem. Recommendations of the Nilekani Panel The committee has listed a comprehensive set of regulatory interventions that will be ..
Suresh Mathur Committee to review MicroInsurance Framework
The Insurance Regulatory and Development Authority of India (IRDAI) set up Suresh Mathur Committee to review regulatory framework on micro insurance, and to recommend measures to increase demand for such products. It was formed because of less than desired offtake ..