Financial Services Secretary Urges PSICs To Speed Up Claims, Cut Losses, Innovate Products & Go Fully Digital
Published on: Jan. 14, 2026, 11:01 a.m. | Source: Free Press Journal
Financial Services Secretary M Nagaraju on January 13, 2026, directed Public Sector Insurance Companies to ensure prompt grievance redressal, seamless claims processing, profitable growth, lower loss ratios, and sustained market share. He called for innovative, youth-focused products, full digitalisation of retail onboarding, stronger technology adoption, and enhanced social media outreach.
