India’s insurance regulator IRDA appealed to the
government to launch a similar programme on the lines of 'Jan Dhan Yojana' which aims at deepening the banking
penetration.
Insurance Regulatory and Development Authority
(IRDA) Chairman T S Vijayan said the government should launch a 'Jan Bima
Yojna' to increase awareness and deepen insurance penetration as there is a
need for concentrated efforts to make people aware about insurance.
The Narendra Modi-led government launched the 'Jan
Dhan Yojana' in August and the banks have so far responded by opening over 6
crore basic accounts of the targeted 7.5 crore.
The Jan Dhan Yojana also has an insurance component
wherein the account holders are being given personal accident cover.
The regulator also asked the insurance companies to
protect the agents by fixing minimum wages for them and create employment
opportunities in the industry.
As of now there are 20 lakh agents in the insurance sector, both life and non-life, in the country.
As of now there are 20 lakh agents in the insurance sector, both life and non-life, in the country.
No comments:
Post a Comment