To enhance the insurance force in India, the Insurance Regulatory and Development Authority of India (IRDAI) will soon introduce “Bima Vahaks” in each gram panchayat. Each Gram Panchayat will have a ‘Bima Vahak’ who would be tasked to sell and service simple parametric bundled insurance products, Bima Vistar, covering health, property, life and personal accident.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
The insurance companies have adopted a state each and with the help of state governments are looking to develop state-level insurance plans. Much like what has been done in the banks.
There’s arguably a case for having differentiated operations which cater to niche sectors, the same way we have NBFCs and microfinance institutes in lending.
There is a big protection gap in the country, and it was an “urgent need” for insurance companies and caregivers to collaborate and ensure wider coverage.
Prime Minister Narendra Modi is set to undertake a crucial three-nation tour from November 16-21,…
Delhi Metro has introduced a new bike taxi service, available for booking through the official…
All India CPI (General): The inflation rate for October 2024 is 6.21%, with rural areas seeing…
An island country is a nation that is entirely surrounded by water, with no land…
India's industrial production recorded a growth of 3.1% in September 2024, marking a significant rebound…
India’s Minister for Communications, Jyotiraditya M. Scindia, inaugurated the 25th Meeting of the South Asian…