Miscellaneous

Insurance sector

• • Lloyd - insurance gap - <total / insurance asset>widened - 27$, insurance penetration increased - (3.5% - premium underwritten )
• • Life insurance - biggest - CAGR 12 -15%
• • FDI limit 49%
• • Safety , security, financial resources, eco growth , spread finance service <rural>
• Issues
• • Poor distribution outside large cities
• • Low awareness, - ve attitude
• • Pricing - focus on sale
• • -ve perception by media, movies
• • Fewer product innovation
• Importance
• • N health insurance scheme - ayushaman bharat - 5 lakh - 10 crore family
• • PM jeevan jyoti Bima yojana
• • PM surakshit Bim yojana
• • PMFBY, PMJDY

Circular economy

• 1.5 cr job - niti ceo in 5 -7 y
• Involves sharing, leasing, reusing, repairing , refurbishing, recycling existing material & product
• Life cycle of product extended

• • Rising consumerism , import dependence , -ve externalities , waste creation , high resource demand , GHG, safeguard supplies, eco gowth volatilities, safe guard supply
• • 0 effect , 0 defect in manufacturing
• • N electricity mobility mission
• • Waste management rules
• • sdgs

BPO

• • Ind BPO promotion sch- 1.5 lakh job tier2,3
• • NE BPO promotion, 40 % global - India
• Dpiit registered startup exempted from angel tax
• Govt to clear pending payment