🔷 Are We Truly Serious About “Insurance for All by 2047”? 🔷

 

😇 Professional musings – 2026

“Insurance for All by 2047” is an inspiring national objective. But inspiration alone will not deliver outcomes. As a long-time insurance professional, I believe it is time to pause and ask some hard, foundational questions—now, not in 2046.

👉 Can this goal be achieved merely through awareness campaigns, apps, and digital platforms? Or does it demand deeper work on product design, affordability, underwriting philosophy, distribution, data governance, and claims trust?

👉 Do we even have a common definition of Insurance for All?

Is a person considered insured with just one life or health cover, or only when life, health, and key general insurance risks are adequately covered?

👉 Who exactly is the target population?

Which segments should be protected through social security and group schemes, and which through individual insurance? How many citizens can realistically be covered through individual policies?

👉 What kind of simple, no-frills standard products are required for this push?

👉 Which distribution channels will work for which segments—agents, bancassurance, digital, embedded insurance, or community-based models?

Equally critical is data.

👉 Who will aggregate insurance data across government schemes and insurers?

👉 Who will deduplicate data to identify the truly uninsured population?

👉 Who will track and publish credible, ongoing coverage numbers to keep the clock ticking toward 2047?

🔲 Final thought:

Insurance for All by 2047 is not a slogan—it is a nation-building exercise. It demands clarity, collaboration, accountability, and sustained execution. If we cannot answer these questions honestly in 2026, the risk is not underinsurance—it is self-deception.

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