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HDFC ERGO launches Business Kisht Suraksha cover

Posted bySumit Arora Published On March 6th, 2021 Leave a comment on HDFC ERGO launches Business Kisht Suraksha cover
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HDFC ERGO General Insurance has launched the “Business Kisht Suraksha” cover. It is a unique cover that was launched with the aim of protecting the balance sheet of Microfinance Institutions (MFIs), financial institutions and banks if any catastrophe or a natural disaster occurs.

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About Business Kisht Suraksha

  • This was launched with the aim of limiting the impacts on the balance sheet of financial institutions which occurs because of non-payment of EMIs by borrowers or because of several calamities like earthquakes, floods, cyclones.
  • The Business Kisht can be customised as per the needs of the individual MFI or financial institution (FI). It can also be tailor-made based on the geographical presence of the borrower, MFI or any FIs.
  • The MFIs or FIs would also be given the option to select the number of EMIs which might need insurance coverage.

Important takeaways for all competitive exams:

  • HDFC ERGO CEO: Ritesh Kumar.
  • HDFC ERGO Headquarters: Mumbai.
  • HDFC ERGO Founded: 2002.

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About the Author
Sumit Arora
Sumit Arora
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As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.

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