Even as insurance companies have ignored insurance policies designed by the Narendra Modi government especially for micro, medium and small enterprises, the finance ministry has asked insurers to check whether they are providing such covers. The department of financial services (DFS) in the finance ministry had curated these product prototypes following the recommendations of the UK Sinha panel on MSMEs.

However, insurance companies – both life and non-life – seem to have ignored these. According to insurance industry sources, though some generic products are available, …

Source:
https://www.business-standard.com/article/economy-policy/finance-ministry-cracks-the-whip-on-insurance-companies-for-ignoring-msmes-121030400382_1.html

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