INSURANCE | MINDMAPS | ECONOMY | UPSC CSE скачать в хорошем качестве

INSURANCE | MINDMAPS | ECONOMY | UPSC CSE

Securing the Future! 🛡️ In this mindmap video for UPSC CSE, we decode the **Insurance Sector in India**. With the government pushing for "Insurance for All by 2047," this topic is a massive target for Prelims and Mains. We break down the technical jargon like **Insurance Penetration vs. Density**, the regulatory powers of **IRDAI**, the latest **FDI limits**, and do a deep dive into the flagship schemes: PMJJBY, PMSBY, PMFBY, and PM-JAY (Ayushman Bharat). 🛡️ *Video Mindmap: Insurance Sector* ► *1. The Core Metrics (High Yield)* • *Insurance Penetration:* Ratio of premium underwritten in a given year to the **GDP**. (Measured as a percentage). 📈 • *Insurance Density:* Ratio of premium underwritten in a given year to the **Total Population**. (Measured in US Dollars). 💵 ► *2. Regulation & FDI* • *IRDAI (Insurance Regulatory and Development Authority of India):* Statutory body (IRDA Act, 1999). HQ: Hyderabad. Protects policyholders and regulates the industry. • *FDI Limit:* Increased to *74%* (from 49%) in the Insurance sector under the automatic route (with Indian management control safeguards). ► *3. Life vs. General (Non-Life) Insurance* • *Life Insurance:* Covers human life risk (LIC holds the lion's share). • *General Insurance:* Covers property, health, automobiles, and crops. • *Reinsurance:* "Insurance for Insurers" (e.g., GIC Re). When an insurance company transfers a portion of its risk to another company. ► *4. Flagship Government Schemes (The Prelims Traps)* • *PMJJBY (Pradhan Mantri Jeevan Jyoti Bima Yojana):* • Type: Life Insurance (Death due to any reason). • Age Group: 18 to 50 years. • Cover: ₹2 Lakhs. • *PMSBY (Pradhan Mantri Suraksha Bima Yojana):* • Type: Accidental Death & Disability Cover. • Age Group: 18 to 70 years. • *PMFBY (Pradhan Mantri Fasal Bima Yojana):* Crop insurance with uniform premiums (1.5% Rabi, 2% Kharif, 5% Commercial/Horticulture). 🌾 • *Ayushman Bharat (PM-JAY):* The world's largest health assurance scheme. Covers ₹5 Lakhs per family per year for secondary and tertiary care hospitalization. 🏥 This video simplifies the social security net for the Indian Economy (GS-3). 🔔 *Subscribe* for the next video on The External Sector (Balance of Payments & Forex)! #InsuranceSector #PMJJBY #PMSBY #PMFBY #AyushmanBharat #IRDAI #InsurancePenetration #FDILimits #UPSC #EconomyConcepts #SocialSecurity