6th Bima Manthan

• The sixth edition of Bima Manthan, a periodic meeting of industry and IRDAI, unfolded over two days on April 25th and 26th, 2024, at IRDAI Headquarters, Hyderabad.

KEY HIGHLIGHTS:

• The Bima manthan was attended by Debasish Panda, the chairman of IRDAI, and other members of the regulatory body.
• It was also attended by the chief executive officers (CEOs) of general Insurance, life insurance, and standalone health insurance companies.
• The Bima Manthan focused on the issues confronting the industry, especially on the recent steps taken by IRDAI for insurance sector reform.
• It also discussed IRDAI ‘s insurance trinity—Bima Sugam, Bima Vistaar, and Bima Vahak—which has been designed to make insurance accessible to all and increase insurance penetration in the country.
• 2024 also marks the silver jubilee year of the IRDAI.
• The IRDAI has set a target of achieving insurance for all by 2047 while promoting ease of doing business and the welfare of policyholders.