+
GeM Insures 13 Million People, Facilitates 1 Million Hires in FY 24–25
ECONOMY & POLICY

GeM Insures 13 Million People, Facilitates 1 Million Hires in FY 24–25

The Government e Marketplace (GeM) achieved two major milestones in FY 2024–25 by facilitating insurance coverage for over 13 million individuals and supporting the hiring of 1 million manpower resources across government organisations.

Launched to enhance transparency and efficiency in public procurement, GeM introduced insurance services in January 2022, offering a streamlined platform for government entities to procure Health, Life, and Personal Accident Insurance. All services are delivered exclusively through IRDAI-approved providers, ensuring quality and compliance.
GeM CEO Ajay Bhadoo stated, “This milestone reflects the growing trust in GeM’s ability to deliver secure, seamless, and cost-effective procurement solutions. It reaffirms GeM’s role as a transformative force in public service delivery.”

The platform’s direct buyer-insurer model, which eliminates intermediaries, has helped reduce premiums and expedite policy issuance. In addition to personal insurance, GeM now also provides Asset, Marine, Transit, Crop, Cyber, Livestock, Motor, and Liability Insurance, making it a one-stop solution for diverse government insurance needs.

These developments position GeM as a key enabler of digital governance and financial inclusion, reinforcing its impact on public sector efficiency and citizen welfare.

(PIB) 

The Government e Marketplace (GeM) achieved two major milestones in FY 2024–25 by facilitating insurance coverage for over 13 million individuals and supporting the hiring of 1 million manpower resources across government organisations.Launched to enhance transparency and efficiency in public procurement, GeM introduced insurance services in January 2022, offering a streamlined platform for government entities to procure Health, Life, and Personal Accident Insurance. All services are delivered exclusively through IRDAI-approved providers, ensuring quality and compliance.GeM CEO Ajay Bhadoo stated, “This milestone reflects the growing trust in GeM’s ability to deliver secure, seamless, and cost-effective procurement solutions. It reaffirms GeM’s role as a transformative force in public service delivery.”The platform’s direct buyer-insurer model, which eliminates intermediaries, has helped reduce premiums and expedite policy issuance. In addition to personal insurance, GeM now also provides Asset, Marine, Transit, Crop, Cyber, Livestock, Motor, and Liability Insurance, making it a one-stop solution for diverse government insurance needs.These developments position GeM as a key enabler of digital governance and financial inclusion, reinforcing its impact on public sector efficiency and citizen welfare.(PIB) 

Related Stories

Gold Stories

Next Story
Infrastructure Transport

97 Per Cent Of Rongjeng-Mangsang-Adokgre Road Nears Completion

Deputy Chief Minister in-charge of public works Prestone Tynsong said in Shillong on 26 August that 97 per cent physical progress had been achieved on the ongoing Rongjeng-Mangsang-Adokgre road being constructed under the Non-Lapsable Central Pool of Resources (NLCPR). He noted the project was sanctioned in 2017 and that the stipulated time for completion had been 24 months from issue of the final work order. The deputy chief minister informed the assembly that the government had decided to include the remaining work under a World Bank project. In reply to a query from Rongjeng MLA Jim M Sangm..

Next Story
Infrastructure Transport

First TBM Starts Digging Five Point Three Kilometre Tunnel Under SGNP

The Goregaon-Mulund Link Road (GMLR) Phase three (B) project has reached a key milestone as the first tunnel boring machine (TBM) began excavation of the first of two tunnels beneath the Sanjay Gandhi National Park (SGNP). The machine, named Tulsi, started cutting a five point three kilometre bore that will link Dadasaheb Phalke Chitranagari in Goregaon East with Amar Nagar in Mulund West. Officials issued a statement noting the commencement of tunnelling work under the protected green belt. The twin tunnels are being constructed using mechanised tunnelling methods that aim to limit surface di..

Next Story
Infrastructure Transport

UP Approves Two Expressways And Rs 240 bn Infrastructure Push

The Uttar Pradesh Cabinet approved a series of infrastructure and industrial investment proposals totalling Rs 240 billion (Rs 240 bn), including two major expressway projects, a manufacturing and logistics cluster in Sultanpur and incentives for 11 industrial projects across the state. The decisions, taken at a meeting chaired by Chief Minister Yogi Adityanath, underline the state government’s focus on expanding road connectivity around emerging industrial hubs while attracting manufacturing investment to districts beyond major urban centres. The approvals cover both greenfield expressway c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code