India

IRDAI Plans To Fulfill Insurance For All Indians By 2047

By
OB Bureau

New Delhi: The Insurance Regulatory and Development Authority of India (IRDAI) recently hosted the fourth edition of Bima Manthan on September 4 -5.

A paramount focus of the event was the assurance of insurance availability, affordability, and accessibility. The stakeholders explored the necessity for diverse insurance products to meet ever-evolving requirements and the importance of expanding the geographical reach of insurance companies while enhancing distribution strategies.

The CEOs of Micro-Finance Institutions Network (MFIN) and Sa-Dhan, a Self-Regulatory Organisation registered with the Reserve Bank of India (RBI), also actively engaged with the insurance industry. They offered views on financial inclusion and micro-insurance, highlighting potential synergies between their extensive networks and the insurance sector. It was underscored that insurance penetration in the country would expand the market these entities serve and influence their operational methods.

 

The meeting reiterated the collective commitment of the insurance and reinsurance sector to elevate industry standards, promote innovation, and ensure that insurance continues to play a pivotal role in risk management and financial security.

OB Bureau

Recent Posts

Siddhartha Pati To Get Biju Patnaik Wildlife Conservation Award- 2024 For Works On Horseshoe Crabs

Kendrapara: Noted horseshoe crab researcher, Siddhartha Pati (35), will be felicitated with prestigious Biju Patnaik…

September 30, 2024

Plus II Student ‘Pushed’ From Hostel Building Of Pvt College In Odisha’s Bhawanipatna

Bhawanipatna: A Plus II second-year student was hospitalised after he fell from the second floor…

September 30, 2024

Ashneer Grover Reaches Settlement With BharatPe, Snaps All Ties

Mumbai: Former BharatPe co-founder Ashneer Grover has reached a settlement with the startup. According to…

September 30, 2024

Hunt On For 48 Migrants After Boat Sinks Near Spanish Island

Spain: Patrol boats and helicopters are searching for 48 refugees and migrants missing after the…

September 30, 2024

Bhubaneswar-Bound Bus Rams Into Truck; One Dead, Over 20 Injured

Jajour: One person died and two were critically injured after a Bhubaneswar-bound bus rammed a…

September 30, 2024

‘From Streets Of Kolkata To Cinematic Heights’: Mithun Chakraborty To Be Honoured With Dadasaheb Phalke Award

New Delhi: Veteran actor Mithun Chakraborty will be conferred with Dadasaheb Phalke award for his…

September 30, 2024

Odisha Govt Transfers SPs Of 23 Districts; Pinak Mishra New Bhubaneswar DCP

Bhubaneswar: Odisha government on Sunday transferred Superintendent of Police (SPs) of 23 districts and posted…

September 29, 2024

Odisha Athletes Clinch Hat-Trick Of Gold Medals At National Open U-23 Meet

Bhubaneswar: Odisha athletes bagged three gold medals on Day 2 of the 4th U-23 National Open…

September 29, 2024