"We do not have a social security system like the one prevailing in Europe where the government takes care of all the end-to-end requirements of the citizen post-retirement. In fact, the only available instrument of social security for citizens is insurance. Thus, it is important for the government to adopt a sandbox approach towards insurance in Union Budget 2020 and incentivize people to make the nation socially secure." he said.
Tarun Mathur, Co-founder and CBO, Policybazaar.com
Published 28 January 2020, 11:24 IST