Experts push for wider insurance access, coverage

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A nationalist seminar connected “Insurance for All by 2047” was organised by the Visakhapatnam Insurance Educational Society, an institute associated to the Insurance Institute of India, Mumbai, successful Visakhapatnam connected Sunday. .

Delivering the keynote address, K. Padma, a retired prof of Economics, Women’s Degree College, said that adjacent aft astir 8 decades of Independence, security sum has not reached everyone. She expressed anticipation that the extremity of cosmopolitan security would beryllium achieved by 2047. She stressed the request for policies that promote tiny savings and stated that adjacent if FDI successful security is accrued to 100%, the benefits of security would scope each sections of nine lone erstwhile people’s purchasing powerfulness improves.

A.V.R. Krishna Murthy, caput of the Vizag Insurance Educational Society, said that LIC has been providing security extortion for the past 69 years and emphasised the request to further grow security penetration, particularly into agrarian areas. He called for the formulation of a broad argumentation to guarantee security sum for each citizens by 2047.

D. Rama Rao, manager, LIC, highlighted the value of focusing connected the younker and appealed for providing security sum to each eligible citizens.

D.V.S.Y. Sharma, All India Council Member, S.S. Murthy, vice chairman, Ande Subba Rao, M. Kameshwari, president and G. Varaprasada Rao, wide caput of the Insurance Corporation Employees’ Union (ICEU) attended the event.

Published - December 22, 2025 07:02 p.m. IST

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