BS Insurance round table: 'Licences shouldn't be given for 2-3 years'

Heads of leading insurance companies came together to discuss the challenges facing the industry

Moderator:  The Union Budget gave a significant push to crop insurance by setting a target to increase the coverage from 20 per cent to 50 per cent in two years. Is it feasible?

G Srinivasan

 
G Srinivasan: The best thing about the Pradhan Mantri Fasal Bima Yojana is that everyone is a winner. The farmer doesn’t have to pay a very high premium, while insurers are able to get an actuarially-priced premium. The government picks up the balance in the form of subsidy. The general