Seminar on Debtors and Industry Protection Through Insurance – Need of MSME Sector 30 July 2019, PHD House, New Delhi

Insurance Foundation of India in association with PHD Chamber of Commerce & Industry is organising  a Seminar on “Debtors and Industry Protection Through Insurance – Need of MSME Sector”, on Tuesday, 30 July, 2019 at PHD House, New Delhi.

This Programme is sponsored by RIA Insurance Brokers Private Limited..

IFI has successfully organized various Executive Development Programmes/Skill Development Programmes of International standards in India with world-class faculty. The programmes which are organized by Insurance Foundation of India receive wide appreciation because these Training Programmes are of practical orientation as the experienced Faculty is drawn from Insurance Companies, Insurance Brokerage Firms &Insurance Surveyors loss Assessors and leading Education Institutes.

Eminent Personalities in this Seminar:

 Shri. Ram Mohan Mishra, Additional secretary and Development Commissioner, Ministry of MSME will be the Chief Guest in this Seminar

• Shri P Udaya Kumar,Director, Planning & Marketing, The National Small Industries Corporation Ltd.
• HP Kumar,Advisor, PHD Chamber & Ex- CMD, The National Small Industries Corporation Ltd
• Arun Kumar Jain, Dy. General Manager, The New India Assurance Co. Ltd
• Shri Mohit Yadav, President, RIA Insurance Brokers Pvt. Ltd.

• Shri P Udaya Kumar,Director, Planning & Marketing, The National Small Industries Corporation Ltd.
• Shri Animesh Sinha, Managing Partner, Animesh Sinha & Partners

• Shri R.S Bedi, Director, P.S Bedi & Company. Pvt. Ltd.

Why the need for Specialized Industry Focused Seminar on “Debtors and Industry Protection through Insurance-Need of MSME Sector?”

In the last 20 years profile of Indian economy has changed. Today the Indian economy is one of the fastest growing in the world and the growth & success of MSME is critical for maintaining India’s growth story.

The Micro, Small and Medium Enterprises (MSME) are key contributors to the Indian economy both in terms of employment and industrial output. Many MSMEs tend to be entrepreneurial ventures where the promoter has either invested his/her savings or borrowed money to start a new venture.

Risk is inherent in our lives, but MSMEs are especially vulnerable to risks that threaten the dream venture that they have worked so hard to build. Naturally, with the stakes being so high, insurance is a prudent way to limit liabilities in the event of damage to assets, property and business. For MSMEs, it could be the key to survival. It is important for them to understand the importance of Risk Assessment, need for covering the risks, buy Insurance to protect its assets,  liability, which may arise due to various reasons /calamities.

Access to insurance can play a significant role in mitigating risks faced by micro, small, medium enterprises (MSMEs) by smoothening consumption, building assets, absorbing shocks, and managing risks associated with irregular and unpredictable income. Yet, standard insurance services are out of reach of the millions of disadvantaged. Proper risk management reduces the likelihood that risks will materialize and, if it does, insurance reduces or eliminates the financial impact. Insurance can make MSMEs resilient to shocks, making them more financially sound. However, MSME Insurance in India is a highly underpenetrated market especially in the non-mandatory segments.

Topics to be covered:

During this Seminar high level of clarity will be achieved by discussing the following

• Insurance Needs of MSME
• Debt Protection through Credit Insurance
• Industry Protection through Fire, Burglary, Money in transit and safe, Fidelity Guarantee and Public Liability Insurance covers
• Lodging of Claims and Settlement of Claims
• Case Studies on how Insurance helped MSME
• Questions & Answers

 Who Should Attend the Seminar?

This is a good opportunity for:

• Industrialists
• Business men
• Chartered Accountants/ Accountants
• HR Managers
• Company Secretaries
• Insurance Managers/Officer/ of Corporates or MSME ‘s
• Surveyors
• Agents/Corporate Agents/Insurance Brokerage Firms
• Insurance Institutes/ Academic Faculty/ Students

About the Organizers:

Insurance Foundation of India

Insurance Foundation of India (IFI) is set up under Trust Registration Act 1882 of Government of India as a Not for Profit Organization. The main objective of IFI is to promote awareness of Insurance among masses. IFI has successfully organized various Executive Development Programmes/Skill development Programmes of International standards in India with world-class faculty.
Under CSR project supported by PNB MetLife India Insurance Company Ltd we produced a Film “Khushiyon Ki Suraksha” for spreading awareness of insurance in rural areas. It is available on https://www.youtube.com/watch?v=hzbADuIcWuU
Our project “Bima Jagrukta Abhiyan” has been awarded Skoch Award as one of the 100 top Projects undertaken in India during 2016.We are approved under 80G of the Income Tax Act 1961. IFI will be pleased to be associated with CSR Project to be undertaken by you.

The best part of the Training Programmes being organized by us is that faculty comprises of those, who have up to date knowledge of working in Insurance Companies, Insurance Brokerage Firms, Insurance Surveyors & Loss Assessors, Law Firms or Insurance Buyers. This results in the sharing of practical and up to date knowledge by all stakeholders and hence up gradation of the skill in Indian Insurance Industry. This aspect is being highly appreciated in Social Media on global basis and now Insurance Foundation of India is rated as the top NGO in Insurance Training in the country and that too without Government support

Recently we had a 2 Days Extensive International Training Programme on “Crop Insurance” on Monday & Tuesday, 19 – 20 Nov, New Delhi.  There was a tremendous response from Foreign Regulator, Insurance Companies, Insurance Brokerage Firms, State Government Agriculture Ministry Officials (who buy insurance), Micro Finance Companies, Reinsurers, Media, Agricultural Analysts, Technology Companies. In addition to participants from all over India we had the proud privilege of having participants from all over India and from various countries such as Jordan, Kenya, Sri Lanka and Nepal.

In association with Profesional Advancement Bangladesh Ltd. (PABL) and Green Delta Insurance Co. Ltd., Insurance Foundation of India successfully organized 2 Days Programme in Dhaka (Bangladesh) on 26 – 27 Feb 2019 on “Transmitting Global Knowledge for Promoting Crop Insurance in Bangladesh”.

PHD Chamber of Commerce & Industry

PHD Chamber of Commerce and Industry, established in 1905, is a proactive National Apex Chamber working at the grass-root level and with strong national and international linkages. The Chamber acts as a catalyst in the promotion of industry, trade and entrepreneurship. PHD Chamber, through its research-based policy advocacy role, positively impacts the economic growth and development of the nation.PHD Chamber is more than an organisation of the business community, as it lives by the chosen motto In Communitys Life & Part of It and contributes significantly to socio-economic development and capacity building in several fields.

‘’PHD Chamber of Commerce and Industry(PHDCCI) is one of the Premier Chambers in India to have been accredited with “Diamond Grade” by NABET(QCI), at national and international level.

PHDCCI is a National Apex Chamber having its international office at Bahrain for 6 GCC countries, with 1,30,000 companies as its members base, as total focus on the development of small and medium businesses. PHDCCI has co-opted National and International Industry Associations and Organisations through over 100 MoUs signed between the parties.’’

 Tailor Made Training Programme:
We will be pleased to conduct Training Programmes as per your requirement at your location. Let us know your requirement at vp@ifingo.org