Discussion paper on Increasing General Insurance penetration in rural areas

Last updated: 04 May 2021

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The Insurance Regulatory and Development Authority of India has released a discussion paper proposing the 'Model Insured Village' concept to increase general insurance uptake in rural areas. This initiative specifically aims to enhance insurance coverage for agriculture and related activities. Stakeholders are invited to provide their comments and views on the paper via email by 17th May 2021.

Date:03-05-2021

Insurance Regulatory and Development Authority of India

Discussion paper on Increasing General Insurance penetration in rural areas with special focus on agriculture and allied activities through the concept of a Model Insured Village

A discussion paper on ‘Increasing General Insurance penetration in rural areas with special focus on agriculture and allied activities through the concept of a Model Insured Village’ has been issued by the Authority. This paper seeks to advocate and discuss the idea of a village level initiative as a possible solution to increase the penetration of insurance in the rural areas of our country. The Authority welcomes comments of stakeholders on the paper. The views/comments may be sent through e-mail to sagar[dot]bangal[At]irdai[dot]gov[dot]in with a copy marked to dilip[dot]dange[At]irdai[dot]gov[dot]in. Please note that the submission of views/comments shall reach on or before 17th May, 2021.

Yegnapriya Bharath
Chief General Manager (Non-Life)

FAQ :

The discussion paper is about increasing general insurance penetration in rural areas, with a special focus on agriculture and allied activities.

The paper discusses the concept of a 'Model Insured Village' as a potential solution to boost insurance penetration in rural areas.

The discussion paper was issued by the Insurance Regulatory and Development Authority of India (IRDAI).

Stakeholders can send their views and comments via email to sagar.bangal@irdai.gov.in with a copy to dilip.dange@irdai.gov.in.

The deadline for submitting views and comments is 17th May 2021.

Notification No : 03-05-2021
Source : https://www.irdai.gov.in/ADMINCMS/cms/whatsNew_Layout.aspx?page=PageNo4469&flag=1

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