SBI GENERAL INSURANCE ADOPTS STRATEGIC INITIATIVES TO DRIVE INSURANCE AWARENESS AND PENETRATION IN MEGHALAYA

Shillong, June, 01: SBI General Insurance, one of the leading General Insurance companies in India, has been identified by IRDAI as the lead insurer (Non-Life) for the state of Meghalaya, to improve insurance awareness & insurance penetration across the state. The initiative is intended to accelerate the implementation process of IRDAI’s mission “Insurance for All by 2047” in the state of Meghalaya through the State Insurance Plan and to ensure last-mile delivery of insurance services to the uninsured population of the state.

In order to increase insurance awareness & penetration, the SBI General Insurance Team led by Mr. Anand Pejawar, Dy. Managing Director and Mr. Mrigendra Lal Das, Senior VP & Mr. Piyush Kumar Singh VP and Mr. Alok Mohanty RH visited Shillong and organised a series of activities in Shillong.

The SBI General Insurance Team met the Chief Secretary Meghalaya, Shri Donald Phillips Wahlang, IAS, and briefed him on the State Insurance Plan for Meghalaya and the initiatives taken by the insurance companies. The Chief Secretary appreciated the Vision of IRDAI to have Insurance for All by 2047. He assured full support of the Government of Meghalaya and its machinery towards the good public cause.  

The SBI General Team also met Dr Vijay Kumar IAS, ACS(Finance) and discussed the road map to implement State Insurance Plan. He has readily agreed to depute one senior official from the Finance team as the Nodal Officer who would represent the Meghalaya Government in this. 

To create awareness among staff members of State Bank of India and Meghalaya Rural Bank (MRB) an RRB sponsored by SBI, SBI General Insurance conducted a workshop in Shillong Club to explain the concept and roadmap for Meghalaya State Insurance Plan. The workshop was attended by more than 100 staff members including Mr Amit Kumar, DGM(B&O) Shillong and Ms Tshering Diki, Chairman, Meghalaya Rural Bank.

hat our collaboration by forming the SLICC on the state, we will create widespread awareness, enhance financial inclusivity, and contribute to the overall socio-economic development of the state. This will further strengthen our efforts towards governments goal of making Meghalaya a 10-billion-dollar economy. Together, we will build a prosperous future for Meghalaya, where insurance becomes an integral part of its growth and progress.”