“India is going through a period of rapid economic growth and expansion of social security architecture. As India advances towards the vision of Vikasit Bharat 2047, it is important that our efforts remain aligned to widen and reinforce the safety nets available to citizens” Prime Minister Narendra Modi said in his message for the 25th Global Conference of Actuaries(GCA), organised by the Institute of Actuaries of India(IAI), held in Mumbai today
Mumbai:Prime Minister Narendra Modi has said schemes such as the Atal Pension Yojana, Pradhan Mantri Jeevan Yogi Bhima Yojana, Suraksha Bhima Yojana and Ayushman Bharat, that is PM-JAY, have widened access to insurance, health protection and pension coverage in the country. These measures are strengthening social security and enhancing confidence among citizens.
In his message for the 25th Global Conference of Actuaries(GCA), organised by the Institute of Actuaries of India(IAI), held in Mumbai today, Modi has outlined that the calibration and success of these schemes underscore the importance of the actuarial profession.
“ The theme of this year’s conference, “Actuarial Pathways to Vikasid Bharat, Managing Risk for Inclusive Social and Economic Growth,’’ is a thoughtful one, especially when India is going through a period of rapid economic growth and expansion of social security architecture. As India advances towards the vision of Vikasit Bharat 2047, it is important that our efforts remain aligned to widen and reinforce the safety nets available to citizens. It is encouraging to see professional bodies such as the IAI working in critical domains and contributing constructively to this broader national endeavour,’’ the PM has stated.
Over several decades, the actuarial sciences and profession in India have evolved alongside the nation’s economic growth trajectory. In recent years, several initiatives have been undertaken to expand financial inclusion and security, he noted.
“This global conference, which brings about students, associates, fellow affiliates and domain specialists, will help them in engaging in mutual learning and shared experiences.This milestone reflects the organization’s sustained commitment towards advancing the actuarial profession in India. During the course of this journey, the Institute has worked to strengthen standards, encourage research and engage in emerging areas of risk in a rapidly developing nation,’’ Modi mentioned.