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Risk mitigation in insurance key to drive penetration: Official | Kolkata NYOOOZ
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Kolkata, Jan 19 (PTI) Mitigation of risks is key to drive penetration of insurance products in the country with the sector having potential to become a catalyst for economic growth, an official of the Union Finance Ministry said on Wednesday. Speaking at a webinar on insurance organised by the Confederation of Indian Industry, Department of Financial Services Joint Secretary Saurabh Mishra said there was a 12 per cent growth in insurance penetration last year.
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