<h1>Finance Minister Urges Balanced Growth in Insurance Sector, Highlights Underinsurance, Digital Channels, and Regulatory Flexibility.</h1> The Union Finance Minister addressed the Insurance Regulatory Development Authority's board meeting, highlighting the progress and challenges in India's insurance sector. Despite significant growth, India remains underinsured, with low protection levels relative to GDP. The Minister emphasized the need for a balanced approach to growth and profitability, urging improvements in underwriting performance and distribution capabilities. He advocated for digital channels, e-governance, and broader insurance coverage, particularly in rural areas. The Minister also stressed the importance of regulatory flexibility, product approval efficiency, and insurance literacy to enhance market penetration and ensure the sector's sustainable development.