About My Health Careers Internship MedBlogs Contact us

Prnab Mukherjee Urges Insurance Industry to Reach General Masses

by VR Sreeraman on June 9, 2010 at 1:56 PM
Font : A-A+

 Prnab Mukherjee Urges Insurance Industry to Reach General Masses

Finance Minister Pranab Mukherjee on Tuesday asked insurance industry to give more focus to generate the required level of awareness about the benefits of insurance to rural people.

Inaugurating a new building of Insurance Institute of India in Bandra Kurla Complex in here, Mukherjee said: "Insurance industry should make all efforts to take the necessary steps to ensure the reach of insurance to general masses.


"As for meeting their rural and social obligation, the insurance companies are now increasingly tapping the semi-urban and rural areas to spread the message of protection of life and property through insurance cover," he said.The Government of India have also introduced many special products aimed at the rural markets like Jan Shree Bima Yojana, Universal Health Insurance Scheme, Aam Admi Bima Yojana, Crop Insurance, etc. for the benefit of poor and needy populace in the country," he added.

Mukherjee further said that there is immense need of disaster management in controlling catastrophic risk in India, so the insurance industry should prepare to deal with any kind of catastrophic losses.

"The insurance companies should concentrate on exploring the world reinsurance market, so that the impact of heavy losses can be mitigated," he added.

Recognizing the importance of crop insurance as a critical risk management tool, Mukherjee said: "We have taken a serious view of the huge gap between the amount of crop loan disbursed and that covered under the scheme.

"The crop insurance is still not popular among the farmers. At present only 20 per cent farmers are covered under Agriculture Insurance Schemes," he added.

On this occasion, Mukherjee also released a corporate replica.

Maharashtra Chief Minister Ashok Chavan, Chairman of Insurance Regulatory Development Authority (IRDA) J. Hari Narayan were also present on the occasion.

Source: ANI

News A-Z
News Category
What's New on Medindia
Ways to Manage Stress during COVID-19 Pandemic
Can Adjusting Fatty Acid Intake Improve Mood in Bipolar Disorder Patients?
Insulin Resistance Doubles the Risk of Major Depressive Disorder
View all

Medindia Newsletters Subscribe to our Free Newsletters!
Terms & Conditions and Privacy Policy.

More News on:
Star Health and Allied Insurance ICICI Lombard General Insurance Company Limited Health Insurance - Ombudsman Health Insurance - Basics New India Assurance Policies Awareness about Healthcare Insurance in India Premium Calculation by Health Insurance Companies Fraudulent Health Insurance Claims Key Procedures for Filing a Healthcare Insurance Claim Latest on The New India Assurance Company Ltd 

Recommended Reading
An Introduction - Indian General [Non-Life] Insurance Companies
In today's age of consumerism, insurance requirements have expanded to keep pace with the ......
Health Insurance for Senior Citizens in India
An insight into the health insurance schemes and policies as promoted by the Government....
Senior Citizens - Comparison Chart of Policies
The health insurance market for senior citizens has grown in recent times. Cover hospital expenses ....
Healthcare Insurance-Common Terms and Definitions
The key to understanding health Insurance is to become an informed consumer by knowing its ......
Awareness about Healthcare Insurance in India
A basic awareness about Indian health insurance for any layman for quick reference presented in a cr...
Fraudulent Health Insurance Claims
To educate the public regarding hazards of committing fraud in healthcare insurance claims and its i...
Health Insurance - Basics
Health insurance guarantees payments to a person in the event of sickness or injury.and works as pr...
Health Insurance - Ombudsman
Insurance Ombudsman institutions work for the purpose of quick disposal of the grievances of the ins...
ICICI Lombard General Insurance Company Limited
Major health care plans from the ICICI Lombard include complete health insurance ihealth plan, perso...
Key Procedures for Filing a Healthcare Insurance Claim
keep yourself well informed about the claim process and avoid frustration of your claim getting ......
New India Assurance Policies
The existing Mediclaim and Health Plus Medical expenses policies have been discontinued and Mediclai...
Premium Calculation by Health Insurance Companies
This article gives an insight as to how healthcare insurance policy premiums are collected by Insura...
Star Health and Allied Insurance
Star Health & Allied Insurance offers a convenient insurance for the corporate people when they tra...

Disclaimer - All information and content on this site are for information and educational purposes only. The information should not be used for either diagnosis or treatment or both for any health related problem or disease. Always seek the advice of a qualified physician for medical diagnosis and treatment. Full Disclaimer

© All Rights Reserved 1997 - 2021

This site uses cookies to deliver our services. By using our site, you acknowledge that you have read and understand our Cookie Policy, Privacy Policy, and our Terms of Use