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    <title>Multi-Pronged Approach to help Increaseinsurance Penetration</title>
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    <description>Measures to increase insurance penetration include allowing insurers to open branches in tier II and below without prior regulator approval; permitting banks to act as insurance brokers with bank KYC accepted for policy purchases; authorising banking correspondents to sell micro insurance; and requiring LIC and at least one public general insurer to maintain offices in towns of 10,000+ population. Complementary proposals expand the Rashtriya Swasthya Bima Yojana to additional vulnerable occupations, increase rural housing refinance support via the National Housing Bank and propose a new urban housing fund, alongside converging multiple schemes into an integrated social security package for the unorganised sector.</description>
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    <pubDate>Thu, 28 Feb 2013 14:57:22 +0530</pubDate>
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