The government along with the industry will prepare a road map for improving penetration of the general insurance in the country, which is less than one per cent, a senior official said.
“The general insurance penetration rate is low. It is 0.7 per cent. The road map is to be prepared by all of us”, Financial Services Secretary D K Mittal said.
He was speaking to reporters after meeting of the representatives of the general insurance industry with Finance Minister P Chidambaram.
The basic agenda of the meeting was to work out ways to increase penetration of non-life insurance and promote financial inclusion.