Insurance Awareness Day 2024 | Sanjeev Mantri – MD & CEO | ICICI Lombard General Insurance Company

“On National Insurance Awareness Day, we celebrate the indispensable role that insurance plays in securing peace of mind and our financial well-being. While we have made commendable progress, there remains vast untapped potential for increasing insurance penetration in India. The transformative initiatives by IRDAI have ushered in an era of enhanced transparency and robust consumer protection. At ICICI Lombard, we are committed to the regulator’s vision of ‘Insurance For All by 2047,’ making it imperative that we also engage more deeply with communities to simplify the understanding of insurance products. Financial literacy stands as a cornerstone of our efforts, empowering consumers with the knowledge to make informed decisions about their insurance needs. We are dedicated to harnessing technology and innovation to make insurance more accessible and comprehensible, ensuring that every individual can safeguard their future against unforeseen risks. Our vision is to foster a resilient society where insurance is not merely a product but an integral part of holistic financial planning.”