Page 51 - Insurance Times October 2023

PRESS RELEASE

Meeting with Chief Secretary, Government of Gujarat by

IRDAI, The New India Assurance Co. Ltd. and HDFC Life

on State Insurance Plan in Gujarat at Gandhinagar

M eeting was held with Shri Raj Kumar Chief efforts for increasing Insurance Penetration in Gujarat State.
Secretary, Government of Gujarat, Smt Aarti
Chief Secretary has informed the Insurers about the various
Kanwar, Principal Secretary, Shri J H Gondaliya,
Director, Gujarat Insurance Fund by IRDAI Non Insurance Schemes like Ayushman Bharat and Group Janta
Personal Accident Scheme run by State Government to cover
Life Member Shri. Thomas Devasia, Smt. Neerja Kapoor,
the Health and Life of the people of Gujarat. He has also
CMD of New India Assurance Co Ltd, Smt Vibha Padalkar , discussed with insurers on how to make insurance easily
MD & CEO HDFC life and other officials of IRDAI, New India
available to all the general public. He has ensured that
Assurance and HDFC Life at Gandhinagar to take forward
State government will provide all required support to the
proposal of State Insurance Plan in Gujarat.
Regulator and Lead Insurers under State Insurance Plan .
Insurance Regulatory and Development Authority of India State Government has nominated Smt. Aarti Kanwar,
(IRDAI) regulator for Life and Non-Life Insurance Companies Principal Secretary as Nodal officer from State under State
in India has come up with the Proposal of a Comprehensive Insurance Plan in the meeting.
State Insurance Plan involving State/UT Administration and
Members from IRDAI, New India Assurance Co. Ltd and
insurers alike, that aims to accelerate the process of
HDFC life also conducted meeting with Insurer members of
implementation of last-mile delivery of insurance services to State Level Committee under State Insurance Plan earlier
the uninsured population of all the states. This is line with
on the same day wherein State heads from 14 Life and Non
the Vision of ,”Insurance for all” by 2047. This Proposal of
Life Insurance Companies have participated. In the said
State Insurance Plan initiated by IRDAI derives inspiration meeting Shri. Thomas Devasia, IRDAI Non Member has
from the Government of India’s vision of financial inclusion
focused on IRDAI's vision of Insurance for all by 2047 and
and will help in Increasing Insurance Penetration (ratio of
requested all Insurance Companies to come together to
premium to GDP/GSDP) in India which is currently at 4.2% achieve the same. Smt. Neerja Kapoor, CMD, New India
as on 31.03.2022.
Assurance Co. Ltd has focused on increasing Insurance
The Insurance Regulatory and Development Authority of penetration in the Gujarat State by covering Uninsured
India (IRDAI) has appointed The New India Assurance Co Ltd properties of smaller House Holds and MSMEs and insuring
and HDFC Life, as the lead life insurer for Gujarat under its Uninsured Motor vehicles. Smt. Vibha Padalkar, MD & CEO
State Insurance Plan. HDFC Life has focused to take forward the State Insurance
Plan in Gujarat by allocating Districts among the Insurers
In meeting with Chief Secretary, IRDAI and Lead Insurers
and arranging Insurance awareness campaigns. She has
has focused on covering the property risks of MSMEs, Motor
talked about Increasing Investment in the State through CSR
Insurance for Uninsured Vehicles in the State, Retail Health,
activities and IRDAI initiatives on Bima Vistaar and Bima
Life & Home Insurance. Chief Secretary was also informed
Vahak. Shri V K Lodha , DGM, New India Assurance Co. Ltd
about upcoming IRDAI initiatives on Bima Vistaar and Bima
Ahmedabad Regional Office has focused on increasing
Vahak which will aid in increase in Insurance Penetration and
delivery of insurance at Local level. Penetration in the State through Awareness, Accessibility
and Affordability of Insurance in collaborative manner.
Regulator and Lead Insurers has requested State
Government to nominate Nodal Officer from State who will (V.K Lodha)
co-ordinate with Lead Insurers for making Collaborative Deputy General Manager

48 October 2023 The Insurance Times