Irdai chief Debashish Panda stated on Friday that regulatory reforms and expertise innovation like sand packing containers can be expedited to enhance insurance penetration and density.
Addressing the BimaLokpal day, Panda emphasised on three As — consciousness, accessibility and affordability — in addition to new expertise platforms — beema sugam and beema bharosa portal — on this respect.
The Insurance Regulatory and Development Authority of India (Irdai) chairman highlighted the large potential of insurance within the nation and emphasised the necessity for the Insurance Ombudsman to be truthful and equitable.
Insurance ombudsman, Delhi, Sumeet Jeerath appealed to each complainants and insurance firm representatives to cooperate and observe the trail of conciliation and mediation in a spirit of give and take to attain amicable settlement in most variety of instances.
