Seminar on
Unlocking the Potential in Insurance & Pension Sector Organised by Committee on Banking, Insurance & Pension, ICAI Hosted by Eastern India Regional Council The Institute of Chartered Accountants of India
Friday, 26th June, 2015 Taj Bengal, Kolkata
M Y Society Our Sponsor
Knowledge Partner
Resource Partner
Event Partner
6 CPE hours
About the seminar Of late, the insurance industry in India is witnessing a sea change. The increase in FDI in insurance was a major issue with the present government and the bill was passed in the Budget Session this year. Similarly, changes have been made in the Insurance Act 1938, which directly affects the insurance industry. Recently, the Prime Minister launched three social security schemes in insurance and pension offering insurance protection at a very nominal price, in case of any contingency. The need for insurance cover has become a major talking point amongst the common man. Such schemes are, indeed, very effective for developing awareness about insurance among the masses, not only in the urban centres, but also in the rural areas of the country. The schemes help create the much desired necessity for Insurance cover among the hitherto uncovered segments of the large populace.
IRDA is constantly issuing guidelines for the proper working and evolution of the insurance industry in India, which needs to be tracked regularly. Besides these, developments are taking place in all sections of the insurance industry viz. life, non-life and health insurance. These developments have also brought in opportunities to people within the industry and also outside the industry. In India the insurance market is still in its nascent stage, but it has already taken a big step towards increasing penetration. The aim of the seminar is to discuss various changes affecting the industry and opportunities that are in store for everyone connected with the insurance industry, directly or indirectly.
Eminent Speakers We have invited speakers from various segments of the insurance industry who will share their rich knowledge and experience and enlighten the audience.
PROGRAMME 9.30 AM – 10.00 AM
Registration of Delegates
10.00 AM – 11.30 AM
Inaugural Session, including lighting of the lamp
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CA Pramod Dayal Rungta, Chairman of EIRC,The Institute of Chartered Accountants of India
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CA Sumantra Guha, Chairman, Committee of Banking, Insurance & Pension,The Institute of Chartered Accountants of India
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CA Abhijit Bandyopadhyay, Council Member, ICAI
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CA Subodh Kumar Agrawal, Past President, ICAI
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Mr B S Bhandari, Wholetime Member (Economics), Pension Fund Regulatory Development Authority, New Delhi
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Mr Randip Singh Jagpal, Sr. Jt. Director, Insurance Regulatory & Development Authority, Hyderabad
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Mr Vijay Kumar Sharma, Managing Director, Life Insurance Corporation of India, Mumbai
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Mr M Vasantha Krishna, Director & GM, National Insurance Co Ltd, Kolkata
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Mr Sohanlal Kadel, President, Insurance Brokers Association of India, Hyderabad
11.30 AM – 1.15 PM
Technical Session I
Insurance buying: Price vis-à-vis quality of service
Mr Mukul Kishore, Chief Underwriting Officer Reliance General Insurance Co. Ltd., Mumbai
Evolution of Health Insurance in India
Mr Praveen Yadav, Chief Administrative Officer MDIndia Healthcare Services (TPA) Pvt. Ltd., Pune Mr K V Prasad, Country Head – Commercial Business Royal Sundaram Alliance Insurance Co. Ltd., Chennai Ms Anamika Royrashtrawar, Chief Marketing Officer Bajaj Allianz General Insurance Co. Ltd., Pune
Insurance as a Balance Sheet protection tool Does online purchase of Insurance provide best bargain to customer? 1.15 PM – 2.00 PM
Networking & Lunch
2.00 PM – 5.00 PM
Technical Session II
Opportunities in employees benefits & pension sector
Mr B S Bhandari, Wholetime Member (Economics) Pension Fund Regulatory Development Authority, New Delhi
Emerging Opportunities for Professionals in Insurance Sector
CA R K Agarwal, Ex-Partner, Ernst & Young
Inspection & Audit by Regulators
Mr A Ramana Rao, Jt Director (Inspections) Insurance Regulatory & Development Authority, Hyderabad
Pension sector offering huge untapped market
Mr Mono MG Phukon, Deputy General Manager Pension Fund Regulatory Development Authority, New Delhi
Employee Benefit Schemes – An effective tool for employee retention
Mr Amit Jain, Chief Financial Officer Birla Sunlife Insurance Co Ltd, Mumbai
Social Security in India in the wake of new schemes announced by the Prime Minister – imperative for the growth of Life Insurance Industry
Ms D Vijayalakhsmi, Chair Professor (Life) National Insurance Academy, Pune
Repositories – The Way Ahead
Ms P Shreelakshmi, Chief Executive Officer SHCIL Repository Services, Mumbai
Who should attend
Registration charges
CEOs of insurance companies, CFOs, consultants to the financial & insurance sector, insurers, insurance brokers, TPA, agents, corporate, students, surveyors and others associated with the sector.
Members 1,100 (Spot Non Members 1,500 Students 1,000
1,300)
Please pay by cheque/demand draft drawn in favour of ‘ICAI-EIRC’ and send it to EIRC, 7, Anandilal Poddar Sarani, (formerly Russel Street), Kolkata 700071
ABOUT THE ICAI – Organiser The Institute of Chartered Accountants of India (ICAI) is a statutory body established under the Chartered Accountants Act, 1949 (Act No. XXXVIII of 1949). The primary aim of the Institute was and still is the regulation of the profession of Chartered Accountants in India.The Institute has its headquarters in New Delhi with 5 Regional Offices at Mumbai, Chennai, Kanpur, Kolkata, New Delhi,133 branches across the country, 22 overseas chapters and an overseas office in Dubai. In 1952, Eastern India Regional Council (EIRC of ICAI) was constituted with its jurisdiction covering West Bengal, Orissa, Assam, Tripura, Sikkim, Arunachal Pradesh, Mehalaya, Nagaland, Manipur, Mizoram and the Union Territory of Andaman & Nicobar Islands. EIRC has 11 branches, 19 study circles, 4 CPE chapters and 8 study groups.
ABOUT IBAI – Resource Partner Insurance Brokers’ Association of India (IBAI) is the only apex body of licenced Insurance Brokers recognized by Insurance Regulatory and Development Authority (IRDA). As per Insurance Brokers Regulations 2002 framed by IRDA, all licensed brokers are required to be members of IBAI. IBAI’s main objectives are to promote interaction among the Insurance/Reinsurance Broker members and to encourage, promote, facilitate and protect the interests of its members. It provides an avenue to the members for further education, training and research in all fields of insurance and reinsurance. IBAI also represents the interests of Brokers with other organizations. As on date, there are 315 licenced brokers which include direct insurance brokers, composite insurance brokers and reinsurance brokers. Only those brokers licenced by IRDA are eligible to become members of IBAI.
ABOUT THE INSURANCE TIMES – Knowledge Partner The Insurance Times, in publication since1981 is the oldest and widest circulated journal on Insurance in India. The group publishes three other monthly journals namely, Banking Finance, PR Communication Age and Life Insurance Today. Recently the group launched Financial Bazaar, a fortnightly newspaper from Kolkata. The group also publishes different books on professional examinations on Insurance and has sponsored Insurance Training Centre, a premiere Insurance Training Centre in India which has trained more than 35,000 students.
ABOUT EXTRA COVER INSURANCE BROKERS PVT LTD – Event Partner Extra Cover Insurance Brokers Pvt Ltd, one of the leading Insurance Brokers in Eastern India has over its decade long operation, earned the trust & confidence of all its customers and proudly enjoys the reputation of being the most customer-friendly Insurance Broker. The clientle of Extra Cover ranges from individual retail customer to large corporate houses across India and its service range includes advisory, insurance placement, risk management, claims management and insurance advisory. It is also empaneled with various financial institutions including Banks to act as Lendor’s Insurance Advisor for projects financed by them. The mission of Extra Cover is to protect and secure the health, wealth and life through most appropriate and adequate insurance cover with the ultimate objective of building a healthy, wealthy and prosperous society.
For more details, contact:
Eastern India Regional Council of The Institute of Chartered Accountants of India Tel: 3021 1104/33/34 • Email:
[email protected] • Website: www.eirc-icai.org
