Committee to monitor implementation, Raise awareness, expand Access
Jammu: The Government of Jammu and Kashmir has constituted a Union Territory Level Insurance Committee (UTLIC) to monitor and supervise the implementation of the UT Insurance Plan across the region.
The decision was formalised through Government Order No. 872-JK(GAD) of 2025, issued by the M. Raju, IAS, Commissioner/Secretary to the Government, General Administration Department (GAD) on July 9.
According to the order, the UTLIC will comprise key officials and representatives from both the public and private sectors.
The Administrative Secretary of the Finance Department will chair the committee, with members including the Administrative Secretaries of the Social Welfare, Industries & Commerce, Tourism, and Rural Development & Panchayati Raj Departments.
Other members include the Regional Director of RBI, a representative from the Insurance Regulatory and Development Authority of India (IRDAI), lead insurers PNB MetLife and Bajaj Allianz General Insurance, and the Convenor of the UT Level Bankers’ Committee.
The committee’s mandate includes suggesting measures to raise awareness about insurance products and services, boosting insurance penetration in J&K, preparing and implementing a territory-wide insurance plan, and ensuring the equitable distribution of targets among insurers based on their capacity.
The UTLIC will convene once every quarter to review the performance of life and general insurance providers and make recommendations to strengthen financial inclusion through insurance coverage.
