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A two-day national conference on 'insurance industry in India: agenda for future' began at the commerce department of Banaras Hindu University (BHU) on Saturday. Inaugurating the conference, Yogesh Gupta, senior vice president, Bajaj Allianz Life Insurance Company Limited, Mumbai, said, "There is a growing need to increase penetration of insurance industry in the rural belts of the country."
He said that nearly 90% of the life insurance policies from rural areas of the country lapse due to non-payment of premium amount. He also emphasised the need for spreading awareness and propagate scientific knowledge about insurance policies in the rural areas. He said that 23 life insurance and 24 general insurance companies working in the country have till date collected over Rs 11 trillion as revenue. Presiding over the inaugural function, BHU vice-chancellor D P Singh said that the industry-institute collaboration would give a new dimension to the insurance industry in the country. Conference director O P Rai highlighted the details of the two-day programme while welcoming the participants on the occasion. Seminar concludes: The two-national seminar on 'print to e-resources: challenges and opportunities' organised by central library, BHU, concluded on Saturday. Presiding over the valedictory session, registrar, BHU, K P Upadhyaya said that there is a need to create balance between print and e-resources so that one of them does not grow at the cost of another. Both the sources of information are relevant and important, he added on the occasion. It may be mentioned here that a total of 158 delegates including library experts from as many as 17 universities in the country participated in the two-day programme.