Page 56 - Insurance Times August New 2023

Chaturvedi, Director - BIMTECH, signed the MoU in the
presence of Prof(Dr) Abhijit K Chattoraj and other senior
faculty members of the Insurance Program.

The MoU was signed to undertake the
following: -
Joint research in the area of Insurance and Policyholders
protection and awareness, inclusive insurance and risk
management
Arrange Faculty and Student Exchange programs

Organize joint seminars and webinars in the areas of
insurance awareness, policyholders' protection and
career opportunities in the insurance sector.
registered office CR Park, New Delhi, signed an MoU ON
21ST June 2023 at BIMTECH'S Greater Noida campus. Any other activities viewed to be potentially beneficial
Professor Bejon Kumar Misra and Prof. (Dr.) Harivansh to the insurance industry.

Liberty General Insurance Appointed as Lead Non-Life Insurer for
Delhi under IRDAI's State Insurance Plan

Liberty General Insurance, one of the leading non-life insurance companies in India, has been appointed as the "Lead
Insurer" for Delhi by the Insurance Regulatory and Development Authority of India (IRDAI). This appointment is part of
IRDAI's State Insurance Plan, which aims to enhance financial awareness and drive insurance inclusion in collaboration
with other insurers.

IRDAI's decision to identify Liberty General Insurance as the lead insurer (Non-Life) for Delhi is a strategic move to
improve insurance awareness and penetration across the state. The initiative aligns with IRDAI's mission of "Insurance
for All by 2047" and aims to ensure last-mile delivery of insurance services to the uninsured population of Delhi.

As the lead insurer, Liberty General Insurance will collaborate with all non-life and health insurance companies operating
in Delhi, as well as with IRDAI and the State Government, to create awareness of existing government schemes and
enhance insurance reach and accessibility across the state, including at the district, and state levels.

The company continues to drive insurance awareness conversations and campaigns across various regions and social
media platforms. Liberty General Insurance believes in empowering individuals through educational initiatives and
campaigns that promote awareness about insurance products and their benefits. In the past, the company has adopted
an approach of imparting financial literacy and making people aware of insurance as an essential financial tool in simpler
ways in prime districts like Birbhum & Latehar.

To further promote insurance awareness, Liberty General Insurance recently collaborated with Canara HSBC Life Insurance
to conduct Nukkad Natak (Street Play) performances at 30 different locations in New Delhi, emphasizing the importance
of insurance. During the campaign, the company distributed over 3000 handouts highlighting the significance of insurance
in everyone's life.

With Delhi's strong socio-economic profile, the need for increased insurance adoption is vital to reduce the protection
gap and support sustainable economic development within the state. Liberty General Insurance is committed to
contributing to this vision and plans to strengthen its presence in Delhi, as it already serves millions of customers
nationwide.

48 August 2023 The Insurance Times