National Conference on Fisheries and Aquaculture Insurance

  • Chaired by Minister of Fisheries, Animal Husbandry & Dairying Mr Parashottam Rupala.
  • At PUSA, New Delhi.
  • Distributed Group Accident Insurance Scheme (GAIS) checks of Rs 5 lakh.
  • Participants included ICICI Lombard General Insurance Co Ltd and Oriental Insurance Company Ltd.

Objective:

  • Foster partnerships amongst all fisheries Insurance-related stakeholders.
  • Encourage collaborative initiatives, best practices, and innovations.
  • Setting goals in research and development.
  • Inspire farmers and fishers to embrace insurance coverage.
  • Boost adoption rates of fisheries insurance within the fisheries community by enhancing awareness.

Key Discussions:

  • Risk mitigation through Insurance in fisheries
  • Gaps/challenges and prospects of aquaculture & vessel Insurance in India
  • Various insurance products and their features can be implemented in the fisheries sector.
  • Indemnity-based, and Index based Insurance opportunities for fisheries.
  • Role of reinsurance in fisheries.
  • Role of microinsurance in the fisheries sector.
  • Best practices for prompt claim settlement process in minimal hassle.

Participants:

  • Fish farmers and Fishers
  • Fisheries cooperatives and producer companies.
  • States/UTs Government officials involved in fisheries management.
  • Researchers & Educationists.
  • KVKs Krishi Vigyan Kendra‚Äôs.
  • Insurance companies.
  • Financial institution.
  • Traceability & certification service providers.
Posted in Current Affairs.