UTLIC to supervise implementation of UT Insurance Plan in J&K

Excelsior Correspondent
JAMMU, July 9: Government of Jammu and Kashmir today constituted a Union Territory Level Insurance Committee to monitor and supervise the implementation of the UT Insurance Plan in J&K.
Headed by Administrative Secretary, Finance Department, the committee shall prepare and implement insurance plan, including the affordable insurance products in Life Insurance and General Insurance Sectors.
Besides distributing target under annual insurance plan across the Insurers based on their capacity, it shall suggest measurers to create awareness about insurance product/services and increase insurance penetration in the UT of J&K.
The UTLIC shall meet once in every quarter to review the performance on insurers in both life and general insurance sectors.
Administrative Secretaries of Social Welfare Department, Industries, & Commerce, Tourism and Department of Rural Development, Regional Director RBI, representative from IRDAI, Lead Insurer, PNB Metlife, Lead Insurer, Bajaj Allianz, General Insurance Company and Convenor, UT Level Bankers Committee are members of the UTLIC.

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