'Provide insurance cover to unorganised labour'

PONDICHERRY, JUNE 16. The Pondicherry Lt.Governor, Dr.Rajani Rai, today said insurance awareness was at a low ebb even among the educated sections.

Inaugurating the 89th council meeting of the Insurance Institute of India here, she called for launching a sustained campaign to create an awareness of the crucial role of insurance during hazards. Though there was a number of life and non-life insurance companies promoted by public sector organisations, a vast chunk of unorganised labour was still left out. She wanted appropriate programmes to be introduced to cover such vulnerable sections.

She said the Pondicherry Administration introduced a Group Life Insurance scheme to cover the agricultural labourers. Mr.D. Sengupta, Chairman, General Insurance Corporation of India, and president of the Institute, referred to the Institute's growth and its contribution to the skills of the employees. After the Insurance Regulatory and Development Act was passed, it was made mandatory that there should be 100 hours of training for the employees.

The facility for taking the test conducted by the Institute online had benefited a good number of candidates. He also referred to the steps taken to integrate the Institute with those in foreign countries.

He said there was a need for formulating new courses in risk management, health care management and pension management.