Reforms To Speed Up Insurance Growth, Says N.S. Kannan

The pandemic presented many challenges for all of us. As a country, we had to navigate some very difficult times. My thoughts are with the families who lost their near and dear ones, and with those fellow citizens whose livelihood was severely impacted. While we feel and hope that we have moved on irreversibly from those days of extreme distress, one key takeaway from the pandemic has been the accentuated need for life and health insurance for the citizens of a fast-developing country like ours. Ensuring this objective has always been the purpose of the Indian insurance industry. If anything, the pandemic has been a rude wake-up call for this sector to work much harder towards achieving this great purpose in the shortest possible time. Today, the industry is poised at an interesting juncture. Buoyed by the twin tailwinds of growing consumer demand and a supportive government, the life...