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1st Meeting of the State Level Insurance Committee (SLIC) was held

in State News 15 days ago Comments Off on 1st Meeting of the State Level Insurance Committee (SLIC) was held 110 Views

Bhubaneswar:15/1/25:The 1st Meeting of the State Level Insurance Committee (SLIC) was held today on 15th January 2025 in Bhubaneswar. The meeting was chaired by the Development Commissioner cum Additional Chief Secretary to Government, Smt. Anu Garg, IAS.

She urged SLIC to function as a tripartite institutional mechanism involving the Regulator (Insurance Regulatory Development Authority of India), the State Government, and the Insurance companies and to set a gold standard in the insurance sector as SLBC is in the banking sector.

The SLIC as a forum will assess the insurance coverage of the State and suggest measures to deepen the insurance penetration to achieve the goal of Insurance for All by 2036.

In today’s meeting focus was laid on issues related to poor claim settlement under PM Fasal Bima Yojana. The Committee noted this seriously and instructed the concerned insurance companies to settle all claims on top priority.

Smt. Garg further advised all insurance companies to ensure ease of insurance for the common masses, devising affordable insurance products, bridging the trust deficit between insurer and insuree, simplifying the procedure by using the technology-driven platform, AI-based mechanism for quick and maximum claim settlement and a robust grievance redressal mechanism to strengthen insurance ecosystem of the State.

The Committee decided out of the four lead insurers appointed by IRDAI for the State like, Bharti Axa Life, Shriram General Insurance, LIC of India, and Zurich Kotak General Insurance, Life Insurance Corporation to be the nodal lead insurance company for SLIC. The committee also suggested constituting relevant sub-committees to address the issues on various sectoral insurance like Life, Crop, Motor, Health, etc.

Member Secretary, IRDAI, Satyajit Tripathy; Chairman, LIC, Siddhartha Mohanty; Regional Director, RBI, S.P. Mohanty; MD cum CEOs of 4 Lead Insurers, M. Jagannath, LIC; Parag Raja, Bharti Axa Life Ltd; Anil Kumar Agarwal, Shriram General Insurance Ltd; Alok Kumar Agarwal, Zurich Kotak General Insurance Ltd, Pr. Secretary, Finance, Saswat Mishra, Pr Secretary, DAFE, Dr Arabinda Kumar Padhee, Commissioner-cum-Secretary Smt Guha Poonam Tapas Kumar; Secretaries and Senior officials of State Government and Director, Institutional Finance, Dr. Pragyansmita Sahoo were present in the meeting.

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.
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