Finance Minister P. Chidambaram has called for improved penetration of non-life insurance sector in the country. Addressing a meeting of CMDs, CEOs and MDs of public and private sector insurance companies in New Delhi on Monday, Mr Chidambaram said the major challenges before the non life insurance sector is how to increase its reach to the maximum number of people along with growth of investment in the sector.

An official release said the CEOs expressed various difficulties being faced by the sector especially in the field of motor car insurance including third party insurance, health, home, fire and group insurance among others. It was suggested to put in place a mechanism for appropriate pricing for group health insurance.