Cooperative Insurance

• Cooperative Insurance here refers to the policy push by the Ministry of Cooperation to leverage cooperative institutions (Cooperative Banks, PACS) as last-mile distributors of insurance products, aligned with IRDAI's "Insurance for All by 2047" vision.
• Operationalised via Corporate Agent licensing for Cooperative Banks and Model Bye-laws for PACS that authorise insurance distribution.
• Examinable as part of GS-II (welfare/governance) and GS-III (financial inclusion, cooperatives).