Categories: Banking

Alliance Insurance launches insurance portal ‘SMEInsure’

Alliance Insurance has launched the insurance portal ‘SMEInsure’ in order to provide financial security to Micro, Small and Medium Enterprises (MSMEs), small shop and business owners Alliance. It is a portal to insure 5 crores Small and Medium Enterprises (SMEs) under the insurance category.

Notably, the portal will provide insurance services in a phygital formate. physical, through individual personal assistance and digital insurance through the portal. The target of Alliance Insurance is to reach more than 5 crore SMEs in the first year and expect revenue of Rs 10 crore. Approximately 97% of the SMEs in India are not insured.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

Important Points:

  • Its objective is to help SMEs in managing multiple risks through a single platform ranging from buying insurance, renewing cover to filing claims.
  • This portal will provide options to choose and compare products from various well-known insurance services including HDFC Ergo, Bajaj Allianz, Iffco Tokio, Tata Aig, Liberty General Insurance, Raheja QBE, Reliance General Insurance, and SBI General.
  • SMEs can get their businesses insured for professional indemnity, director and officers, marine, fire and burglary etc
  • In the first phase, the company will focus on the hospitality industry, shop owners, salon, offices and educational institutes.

Important takeaways for all competitive exams:

  • Alliance Insurance CEO & Principal Officer: S. V. Thakkar.
  • Alliance Insurance Headquarter: Mumbai, Maharashtra.

Find More Banking News Here

Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.

Recent Posts

Air Suvidha 2.0 Explained: New Health Rules for International Travellers in India

ndia has launched Air Suvidha 2.0, a fully digital and contactless passenger health declaration platform…

15 hours ago

What is Toshakhana? How Are Government Gifts Managed in India?

The Ministry of External Affairs (MEA) has opened nearly 300 Toshakhana gifts for public e-auction…

16 hours ago

Mukhyamantri Kisan Sahay Yojana Gujarat 2026: Eligibility, Benefits, Documents Required and How to Apply

The Mukhyamantri Kisan Sahay Yojana (MKSY) is a farmer welfare scheme launched by the Government…

18 hours ago

LPG New Rules 2026: What Are the New 30-Day and 90-Day Rules for Indane, BharatGas and HP Gas Users?

The Ministry of Petroleum and Natural Gas has introduced new regulations for domestic LPG consumers…

19 hours ago

India’s Green Economy Is Growing Faster Than Asia

India has emerged as one of Asia's fastest-growing green economies, generating approximately US$110 billion in…

20 hours ago

India’s 7 New Bullet Train Corridors: Full List with Expected Travel Time

India is preparing to significantly expand its high-speed rail network with seven proposed bullet train…

20 hours ago