Insurance Current Affairs - 2019

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Monster Salary Index Report

The Monster Salary Index report has highlighted the following findings: The gender pay gap is still high in India and women in the country earn 19 per cent less than men. Wage inequalities in favour of men are present in all the relevant sectors. The current gender pay gap in India stood at 19 per cent Read More…

Month:  Categories: Reports & Indices

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Union Cabinet approves Varishtha Pension Bima Yojana 2017

The Union Cabinet has given its approval for launching of Varishtha Pension Bima Yojana 2017 (VPBY 2017).  The scheme will be launched as part of Government’s commitment for financial inclusion and social security. The scheme will be implemented through Life Insurance Corporation of India (LIC) during the current financial year i.e. FY 2016-17. It will Read More…

Month:  Categories: Government Schemes & Projects

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Union Cabinet gives approves Varistha Pension Bima Yojana, 2003 and Varistha Pension Bima Yojana, 2014

The Union Cabinet has given its ex-post facto approval for the Varishtha Pension Bima Yojana (VPBY) 2003 and Varistha Pension Bima Yojana (VPBY) 2014. The Cabinet also granted approval for expenditure incurred on subsidy amount released to LIC for the both schemes. Key Facts VPBY was launched on 14th July, 2003 and was open till Read More…

Month:  Categories: Government Schemes & Projects

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India, UAE ink 9 bilateral agreements for cooperation in various sectors 

India and United Arab Emirates (UAE) have signed 9 bilateral agreements covering cooperation in the various sectors. These agreements were signed during the second day of Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi official visit to India. Some Agreements are MoU on Technical Cooperation in Cyber Space and Combating Cyber Crime: Read More…

Month:  Categories: International

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Telangana government launches e-Vahan Bima Scheme

Telangana Government has launched e-Vahan Bima Scheme to issue motor insurance policy in digital form. With this, Telangana became the first state in the country to legally accept motor vehicle insurance policy in digital form. About e-Vahan Bima Scheme The scheme is an electronic motor insurance policy issued in digital form with Quick Response (QR) Read More…

Month:  Categories: States

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Union Government launches NOWCAST and Insurance Web-Portals for Farmers

Union Government has launched NOWCAST weather alert system and Crop Insurance web portal for the benefit of farmers. The new initiatives were launched by Union Agriculture Minister Radha Mohan Singh at a function held in New Delhi. NOWCAST weather alert system will provide free SMS service alerts on extreme weather conditions (ex-hailstorm) to over one Read More…

Month:  Categories: Science & Technology

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Union Government announces Rs 1500 crore Indian Nuclear Insurance Pool

Union Government has launched an Indian Nuclear Insurance Pool (INIP) of 1,500 crore rupees as per the mandatory provision under the Civil Liability for Nuclear Damage Act (CLND), 2010. It was announced by Minister of State (MoS) in the Department of Atomic Energy Jitendra Singh in New Delhi. With this launch, INIP became 27th nuclear Read More…

Month:  Categories: Science & Technology

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