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Current Affairs related to Insurance

2 News
20 April 2026 NATIONAL

The Union Cabinet has approved the establishment of the Bharat Maritime Insurance Pool (BMI pool) to provide continuous maritime insurance coverage for Indian vessels. The initiative is backed by a sovereign guarantee of ₹12,980 crore to provide financial security and ensure insurance availability for the pool.

The BMI pool is intended to reduce dependency on external insurance and mitigate risks from global volatility and geopolitical instability in the maritime sector of India.

15 April 2026 BANKING

The Insurance Regulatory and Development Authority of India (IRDAI) has formed a sub-committee of the Insurance Advisory Committee (IAC) to examine the current state of private health insurance in India.

The initiative aims to improve consumer experience and increase the reach of health insurance by building trust among policyholders.

The sub-committee is tasked with reviewing critical parameters, providing advice, and overseeing digital transformation.