Insurance Current Affairs - 2019
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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) code to scan for verification of policy details.
- It is a joint effort of Insurance Regulatory Development Authority (IRDA), Insurance Information Bureau of India (IIBI), state police and also transport and information technology departments of the state.
- The QR code will be used by police and state authorities to scan for verification of policy details. Apart from QR code, an SMS-based verification also has been installed.
- The scheme helps to make verification process easier as the digital version of insurance policy can be stored and accessed on smart phones.
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 crore registered farmers on their mobile phones.
The free SMS alerts will be sent in Hindi, English and regional languages as per farmers’ request. It will be issued to farmers whose mobile phones are already registered on the government’s mKisan portal.
The data for NOWCAST service will be taken from India Meteorological Department’s (IMD’s) 146 weather stations. Apart from these stations, 17 doppler radars of IMD will also provide information in this SMS service.
Under this initiative, the extreme weather data originated from IMD will be updated on mKisan portal using a web service. Later, from mKisan portal the warnings regarding extreme weather conditions will be automatically transmitted by SMS to farmers located at district and block level.
Insurance Web-Portal (www.farmer.gov.in/insurance) will be used to create awareness and encourage farmers to insure their crops by taking advantage of existing three schemes.
They are Modified National Insurance Scheme (MNAIS), National Agriculture Insurance Scheme (NAIS) and Weather based Crop Insurance Scheme (WBCIS). Besides these schemes, Coconut Palm Insurance Scheme (CPIS) is also applicable in some parts of the country.