Which state in India signed an MoU with SBI General Insurance for Disaster Risk Management?

A)
Assam
B)
Sikkim
C)
Nagaland
D)
Meghalaya

Correct Answer : Option (C) - Nagaland



Nagaland and SBI General Insurance signed an MoU to implement the Disaster Risk Transfer Parametric Insurance Solution (DRTPS).

This makes Nagaland the first state in India to adopt such a solution, which aims to protect critical infrastructure and mitigate economic losses from disasters, including floods, droughts, mudslides, and damage to property and crops.

The agreement covers a three-year period from 2024 to 2027, highlighting the state’s proactive approach to disaster management.

Published On : August 7, 2024
Category : Insurance and Finance