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      Question

      Fintech platform Jumpp, operated by Finvasia Group,

      received licences from IRDAI in May 2026 for what purpose?
      A Banking operations Correct Answer Incorrect Answer
      B Insurance distribution Correct Answer Incorrect Answer
      C Stock trading Correct Answer Incorrect Answer
      D Mutual fund advisory Correct Answer Incorrect Answer
      E Loan disbursement Correct Answer Incorrect Answer

      Solution

      Jumpp received Corporate Agency and Insurance Self Network Platform (ISNP) licences from IRDAI to distribute insurance products digitally through its AI-powered platform. Jumpp plans to offer health, life, motor, business, and home insurance. It has partnered with YES Bank for banking and BBPS services.

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