The Insurance Regulatory and Development Authority of India (Irdai) is trying to create a state insurance plan in which district potential targets will be aggregated to create plans similar to the State Level Bankers’ Committee (SLBC), Irdai Chairman Debasish Panda said on Thursday.
“Depending upon the potential and the protection gap (in states), we are trying to create a state insurance plan with equal partnership of state governments in this effort, helping us in our objective of achieving insurance for all by 2047,” he added at a Confederation of Indian Industry event in New Delhi.
