Report on the Corporate Talk Series on “The Future of Insurance in India: A Conventional Subject Requiring an Unconventional Approach.” Hosted by the Department of Business Administration

The Corporate Talk Series 2024, hosted by the Department of Business Administration, was conducted on November 16, 2024, in Room No. 319. The seminar, attended by Semester 5 students, delved into the topic, “The Future of Insurance in India: A Conventional Subject Requiring an Unconventional Approach.” The esteemed speaker, Mr. Akkash Banthia, is the Director of Banthia Financial Services Pvt. Ltd. and a distinguished alumnus of the college, graduating in 2014. With over 12 years of expertise in the financial domain, Mr. Banthia embarked on his entrepreneurial journey in 2017 after a stint as an equity research analyst at Motilal Oswal. His professional ethos centers on advancing financial and insurance literacy, particularly among rural communities, and his proficiency lies in the realm of unconventional insurance methodologies.

Mr. Banthia’s discourse revolved around the frequently underestimated significance of insurance in India. He expounded upon diverse types of insurance—spanning agricultural, life, and others—emphasizing not merely the acquisition of insurance but also mastering the intricacies of claiming its benefits. He underscored that the effectiveness of insurance as a financial safeguard is contingent on understanding the claim process, a perspective often neglected in mainstream financial discussions. Additionally, he delineated the future potential of the insurance sector, advocating innovative solutions to existing inefficiencies. The seminar was met with high acclaim from the attendees, who found Mr. Banthia’s insights both illuminating and intellectually stimulating. His pragmatic approach to addressing insurance-related challenges resonated deeply with the audience, equipping them with a nuanced understanding of the industry’s landscape.

In conclusion, the Corporate Talk Series 2024 successfully imparted critical knowledge about the evolving insurance sector and its pivotal role in financial planning. Mr. Banthia’s erudite presentation offered students an invaluable opportunity to explore the complexities and future prospects of insurance in India.