In view of importance being given to Micro Insurance & Social Insurance PHD Chamber of Commerce & Industry and Insurance Foundation of India have decided to organize this conference in New Delhi on June 20, 2013

Mr. P. Chidambaram, Finance Minister in his budget speech on February 28, 2013 has emphasized the need to increase the penetration of Insurance/ Micro Insurance/ Social Insurance through various steps. Some of these are:

• Group insurance products will now be offered to homogenous groups such as SHGs, domestic workers associations, anganwadi workers, teachers in schools, nurses in hospitals etc.
• Banking correspondents will be allowed to sell micro-insurance products.

Recently, IRDA and GIC council have launched PAN India Insurance Awareness Campaign with the objective of increasing Insurance penetration. Insurance Companies (Life/ Non-Life/ General/ Health) are keenly looking at NGO channel to emerge as the effective distribution channel for Micro Insurance & Social Insurance and increase Insurance Penetration as normal distribution channel have not been able to deliver the insurance products with considerable success due to various reasons.

Against the above backdrop the Banking & Financial Services Committee of PHD Chamber of Commerce & Industry and Insurance Foundation of India have decided to organize Conference on “Role of NGO’s in distribution of Micro Insurance & Social Insurance” in PHD House on June 20, 2013. The eminent speakers who will be speaking in the conference are:

In addition to these speakers senior officials from Department of Financial Services, Govt. of India, Delhi Government, Financial Institutions and Insurance Companies are also being invited to address the delegates

The delegates will be coming from:

• Insurance Companies
• Insurance Brokerage Firms
• Insurance Agents/ Advisors
• NGO’s
• CSR groups of various Corporates
• RWA’s (Resident Welfare Associations) managing group housing societies or localities
• Credit & Thrift societies (small savings) Co Operative societies
• Milk Co Operative Societies/ Federations
• Micro Finance Companies
• Consumer Welfare Organizations
• Individual volunteers/ social workers interested in spreading the message of Micro Insurance & Social Insurance.

One of the achievable of the conference will be strengthening the relationship of Insurance Companies with NGO’s to distribute Micro Insurance & Social Insurance Products like:

• Term Insurance
• Accident Insurance
• Health Insurance

PHD Chamber of Commerce & Industry is one of the prestigious Chambers in the country. It is 108 years old and thus, it takes the pride of being one of the oldest Chamber’s in the country. PHD Chamber of Commerce and Industry, is a proactive and dynamic multi-State apex organization working at the grass-root level and has strong linkages in 12 states of Bihar, Chhattisgarh, Delhi, Haryana, Himachal Pradesh, Jammu & Kashmir, Jharkhand, Madhya Pradesh, Punjab, Rajasthan, Uttar Pradesh, Uttarakhand and the he Union Territory of Chandigarh.

PHD Chamber strives towards the rapid development of the States. Apart from its headquarters in New Delhi, the Chamber has regional offices in Jammu, Shimla, Chandigarh, Lucknow, Jaipur and Bhopal. It focuses on six thrust Areas 6 thrust areas i.e. Industrial Development, Health, Education & Skill development, Housing, Infrastructure and Agriculture & Agribusiness.

Insurance Foundation of India is a not for profit organization (Registered under Indian Trust Act, 1882 Government of India). The main objective of the organization is to spread the message of Insurance among masses. It organizes thought provoking conferences towards growth of Insurance Industry in the country. The comments and view point is sent to authorities for consideration/ decision making.