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GS2 · Governance

GeM insures 1.3 crore people

1 min readInsurance & Pension
Battle IAS current affairs title card: GeM insures 1.3 crore people (GS2 · Governance, 16 April 2025)

What happened

  • GeM facilitated insurance of over 1.3 crore people in 2024-25 [PIB].

Background

  • The insurance category began in January 2022 [PIB].

Why it matters

  • GeM brings efficiency to buying insurance too.

How to use this in Mains

GS-II Indian economy: mobilisation of resources, financial inclusion

  1. As per PIB (2025-04-16): geM facilitated insurance of over 1.3 crore people in 2024-25.
  2. GeM brings efficiency to buying insurance too.
Quotable data point

GeM facilitated insurance of over 1.3 crore people in 2024-25.

PIB: GeM insurance, 16 Apr 2025

Exam angle

UPSC

Prelims: none.

Practice MCQs

Original practice questions (not PYQs).

Practice · UPSC

Insurance category on GeM since

Answer (b) & explanation

PIB.

Go deeper

ExplainerInsurance Sector in India: IRDAI, the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act 2025, 100% FDI, Penetration, Government Schemes and Insurance for All by 2047 (UPSC Notes + PYQs)

Official source: PIB: GeM insurance, 16 Apr 2025

facts from cited sources only; faculty review pending