Ordinance Bill: Quote from IndiaFirst Life Insurance

Commenting on the Insurance Laws Amendment Bill, Mr Mohit Rochlani, Chief Marketing Officer, IndiaFirst Life Insurance, said:

“We welcome the government’s ordinance to Increase the FDI in insurance. It will strengthen the resources of companies which in turn may result in a paradigm shift in the way the industry functions. Insurance penetration in India is very low at less than 4% and this calls for gigantic efforts to cover the uncovered. Increased FDI will definitely prove to be a boon to the industry and the people at large."