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India should be turned into more insured society: Arun Jaitley

Jaitley was here to distribute loans and insurance compensation to the flood-affected people at a function organised by State Level Bankers' Committee (SLBC).

By: IANS | Chennai | Published: December 20, 2015 4:41 pm
chennai floods, chennai floods news, floods in chennai, arun jaitley, arun jaitley chennai floods, chennai flood relief, jayalalithaa, chennai floods, jayalalithaa, india news File photo of Finance Minister Arun Jaitley. (Source: PTI)

Union Finance Minister Arun Jaitley on Sunday said the recent floods in Tamil Nadu’s four districts should be viewed as a challenge to improve insurance coverage and make India a more insured society.

Jaitley was here to distribute loans and insurance compensation to the flood-affected people at a function organised by State Level Bankers’ Committee (SLBC).

He said the final objective was to make India an insured society.

Pointing out that insurance penetration was presently low in the country, Jaitley said natural tragedies pose a challenge and insuring the life and property would help people to face the situation.

According to the minister, banks and insurers will work with other organisations to bring back normalcy in the lives of flood affected people. He also asked the insurers to settle the claims fast.

Jaitley also called on Tamil Nadu Chief Minister J. Jayalalithaa at the state secretariat and discussed about the flood relief and rehabilitation actions taken by the state.

Unprecedented rains, the worst in 100 years, battered Tamil Nadu’s Chennai and other northern districts of Tiruvallur, Kanchipuram and Cuddalore in the first week of December. According to official estimates, about 390 died.

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  1. J
    Jail_t_ly
    Dec 20, 2015 at 3:44 pm
    The SCOUNDREL Jaitely has started his next BRAZEN DISINFORMATION ON BEHALF OF FOREIGN INSURANCE COMPANIES WHOSE INVESTORS ARE THE ILLUMINATI. AS MANY PEOPLE KNOW, BRAHMINS ARE THE INDIAN PARTNERS OF THE RUTHLESS ILLUMINATI and so a brahmin scoundrel Jaitely is the most suitable choice for the Illuminati.
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    1. P
      Proud_to_b
      Dec 20, 2015 at 3:40 pm
      AND MY INSURANCE IS ddca CORRUPTION! I have been asked to preach. In India only criminals preach. Look at the President, PM, and Me. We are all criminals. We all live happily ever, after a bribe! That is our insurance for our future. Please, INDIOTS, follow us on Looter, Pbook, etc.
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      1. A
        Arun
        Dec 20, 2015 at 11:41 am
        Arun Jaitley should shut up and resign and facilitate an unbiased investigation against him. He is the one who obstructed GST Bill in 2013/2014 saying, "We do not have appee for more reforms."
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        1. B
          Biltu
          Dec 20, 2015 at 1:53 pm
          I AM NO SUPPORTER OF THE BJP . BUT MR JAITLEY IS A VERY CAPABLE MINISTER . HE SHOULD ENSURE ALL INDIANS ARE INSURED . NOT PART INSURED BUT FULLY INSURED FOR EVERYTHING .
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          1. K
            Kaliyug
            Dec 20, 2015 at 5:32 pm
            People need to practice family planning so they do not breed themselves into permanent poverty on a continuous basis, generation after generation, destroying democracy with their votes for the useless netas. Once people are able to handle their financial status then banks can step-in and give loans. Recovery of loans is the big challenge when not everyone is on some kind of biometric ID system.
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