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    Question

    Which state has become the first in India to implement a

    disaster management insurance scheme, and what is the name of this scheme?
    A Assam; Natural Disaster Insurance Policy (NDIP) Correct Answer Incorrect Answer
    B Nagaland; Disaster Risk Transfer Parametric Insurance Solution (DRTPS) Correct Answer Incorrect Answer
    C Gujarat; Catastrophic Risk Coverage Plan (CRCP) Correct Answer Incorrect Answer
    D Maharashtra; Calamity Response Insurance Program (CRIP) Correct Answer Incorrect Answer
    E Kerala; Disaster Relief and Insurance Scheme (DRIS) Correct Answer Incorrect Answer

    Solution

    Nagaland has become the first state in India to implement a disaster management insurance scheme named the Disaster Risk Transfer Parametric Insurance Solution (DRTPS). This scheme, launched in partnership with SBI General Insurance, provides predetermined payouts based on specific natural disaster events without the need for detailed damage assessments. The initiative is a significant step in enhancing disaster preparedness and response in Nagaland, potentially serving as a model for other states to follow.

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