IRDAI Grants General Insurance Licence to ProTec General Insurance
This approval marks the fourth insurance licence issued by IRDAI in the calendar year 2026.
The earlier three entities licensed in 2026 are Kiwi General Insurance, Allianz Jio Reinsurance, and Prudential HCL Health Insurance.
Exam Perspective: Easing entry for new insurers aligns with IRDAI's vision of 'Insurance for All by 2047'.
Key Facts / Static GK
IRDAI HQ: Hyderabad, Telangana
IRDAI Chairman: Debasish Panda
Q Practice Quiz — 31 July 2026
1. Who has been appointed as India's next Ambassador to Mexico?
Explanation: Ngulkham Jathom Gangte, who served as Special Secretary in the Ministry of External Affairs, has been appointed as India's next Ambassador to Mexico.
2. Under which section of the Banking Regulation Act, 1949 did the Reserve Bank of India cancel the licence of Paytm Payments Bank Limited?
Explanation: The Reserve Bank of India cancelled the banking licence of Paytm Payments Bank Limited under Section 22(4) of the Banking Regulation Act, 1949.
3. Which payment networks support the newly launched 'Google Pay Flex SBI Card'?
Explanation: The Google Pay Flex SBI Card is available on both RuPay and Visa payment networks.
4. Which company became the fourth insurance entity to receive an operational licence from IRDAI in calendar year 2026?
Explanation: ProTec General Insurance Limited became the fourth insurance entity to receive a licence from IRDAI in 2026, following Kiwi General, Allianz Jio Reinsurance, and Prudential HCL Health Insurance.
5. The merger of Go Digit Infoworks Services into Go Digit General Insurance was approved under which key legislative framework?
Explanation: The merger marks the first-ever integration of a non-insurance holding entity into an insurance company under the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act, 2025.
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