J. Hari Narayan - IRDA

J. Hari Narayan, Chairman, IRDA, Hotel Tajkrishna, Hyderabad, Andhra Pradesh. A National Conference was held on Financial Inclusion: Integrating Insurance into Total Package. Micro insurance should be seen not as adjuncts to micro finance programs but must be seen as low ticket insurance policies which also deliver promptly and efficiently on the occurrence of the insured event. Another aspect which should be adequately addressed is the claim servicing. The experience hitherto has been that, with notable exceptions, claim experience on micro insurance products has not been of the same level as it is for the normal insurance product even if covering similar risks. The insurance companies are indeed taking steps to address the issues raised in this study. http://www.hybiz.tv/J-Hari-Narayan---IRDA/167115

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