Agartala: ICICI Lombard General Insurance, India’s leading private general insurer and Bajaj Allianz Life Insurance, one of India’s leading private life insurers, continue to drive insurance awareness in Tripura.
As the lead insurers for non-life and life insurance under the State Insurance Plan, both companies have made significant strides in expanding insurance awareness across the state.
The recently concluded fifth meeting of the Tripura State Level Insurance Committee (SLIC) highlighted these efforts and reaffirmed their commitment to bridging the insurance gap.
The State Level Insurance Committee (SLIC), established to oversee insurance-related activities in Tripura, has been instrumental in implementing various insurance awareness programs and policy initiatives aligned with IRDAI’s ‘Insurance for All by 2047’ vision.
SLIC is playing a pivotal role in bridging the insurance gap and fostering financial literacy across urban and rural areas. This partnership strengthens both companies’ roles as trusted insurance partners in securing the financial well-being of individuals and businesses in Tripura.
Anand Singhi, Chief of Retail & Government at ICICI Lombard, said, “Being entrusted as the lead non-life insurer for Tripura is both an honour and a responsibility, that allows us to contribute meaningfully to the state’s journey toward financial inclusion and resilience. In close partnership with the state government and local organizations, we are delivering need-based insurance solutions that not only protect but also empower communities.”
Singhi added, “Through our Insurance Awareness initiatives, we are endeavouring to nurture a deeper understanding of insurance as a vital tool for long-term security, aligned with IRDAI’s vision of ‘Insurance for All by 2047.’ Our commitment extends beyond insurance and through our CSR initiatives in road safety, healthcare and education, we are making an effort to ease the financial burden of unforeseen events and support the well-being of families.”
Anil PM, Head Legal, Compliance & FPU, Bajaj Allianz Life, stated, “It’s been nearly two years since the first SLIC meeting in Tripura, and we are heartened by the progress made in spreading life insurance awareness across the state. With consistent support from the State Government and guidance from IRDAI, we have taken steady steps to improve access and understanding. As the lead life insurer in Tripura, we are proud to be part of this important journey.”
“The State Level Insurance Committee remains a vital platform to bring stakeholders together, resolve challenges, and plan the road ahead to bring more people under the insurance fold. With the groundwork now in place, it’s time to scale up our efforts, so that every household is protected. We are committed to working closely with all partners to make life insurance simple, affordable, and truly inclusive, in line with the IRDAI’s vision of Insurance for All by 2047,” he said.
Moving forward, both insurers will maintain their active participation in upcoming District Level Insurance Committee (DLIC) meetings while expanding their awareness initiatives throughout Tripura.
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They will continue to provide regular updates on their progress, strengthening their partnership with the state government in achieving comprehensive insurance coverage.
