INSURANCE | MINDMAPS | ECONOMY | UPSC CSE

Описание: 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).

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