4th Convocation Ceremony for MBA program 2007-09
National Insurance Academy School of Management (NIASoM), Pune conducted the fourth convocation for its MBA program on July 18 2009, at the academy campus.
The occasion of fourth convocation was graced by the presence of the honourable Vice president of India, Mr. Mohd. Hamid Ansari, Mr. T.S. Vijayan, Chairman, LIC , Mr. Yogesh Lohiya, Chairman cum MD GICRe, Dr. K.C. Mishra, Director, NIA and Dr. Mrs. Smita Totade, PGP Cordinator, NIASoM.
The guest of honour, His Excellency, Mr. Mohd. Hamid Ansari dwelt on different aspects of insurance scenario in India, which also pose some questions. There is lack of innovation in supplying products and services in health insurance segment. There is a dire need to increase the penetration of health insurance in the country and make available risk protection in an affordable and sustainable manner. There is a need for robust expansion of branches and recruitment of agents in rural areas to tap the rural potential. Micro Insurance could be used as an effective tool in meeting the insurance need of rural people. Also there must be an effective agricultural insurance mechanism to counter the frequency and severity of natural risks faced by the farmers. He also stated that the success of insurance depends on the efficacy of regulation and timely innovation.
Mr. T.S. Vijayan asked students in his speech to keep eyes on the peak, without losing the sight of the base. Mr. Yogesh Lohiya asked the graduating students to engage in the process of innovation in the insurance sector by keeping the human touch alive to deal with intricacies arising out the dynamic financial sector. He inspired the students to be a good captain to lead a change in the sector.
In his vote of thanks, Dr. K.C. Mishra, Director, NIA, spoke on the importance of “employability security” in lieu of “employment security”. Dr. Mishra also asked the graduating batch to work in the greater interest of the nation and play and important role in creating employment by way of their continued efforts.
The dignitaries wished the graduating students all success in their professional efforts.