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Money9 Financial Freedom Summit 2025: Expert panel believes insurance a necessity, not an option

23 0
06.03.2025

Mumbai: As India aims to become a fully developed nation by 2047, financial inclusion play a vital role in making that dream a reality. The Money9 Financial Freedom Summit 2025 provided a platform for industry experts to discuss key topics including mutual funds, equity, insurance, and fintech unicorns.

At a time when the Indian government is welcoming investments in the insurance sector, the ‘Insurance for All’ session at Money9 Financial Freedom Summit 2025 caught the eye with a discussion on making insurance accessible and beneficial to all. The program is moderated by Gaurav Agarwal, Anchor & Executive Producer on TV9 Bharatvarsh. The session was attended by industry experts Satishwar B, MD & CEO of Bandhan Life, Mayank Bathwal, CEO of Aditya Birla Health Insurance Co Limited, and Mahesh Balasubramanian, MD of Kotak Life Insurance.

Gaurav Agarwal started the debate on whether everyone can access insurance. If not, what are the main reasons?

Bandhan Life MD & CEO, Satishwar B, said, “Insurance is a risk-mitigation product. The focus should be more on risk-mitigation, which means taking precautions in case of an unfortunate event. This toll reduces the financial burden on the family in case of any misfortune. Undoubtedly, there will be emotional loss to family but there will be no loss to the family or income if you have life insurance. Therefore, insurance is not a means of making money. Instead, it should be seen as a financial security. People are aware of all these things.........

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