Page 12 - Plastics News November 2017

AIPMA AT WORK

“Sme Insurance Summit”

he SME Chamber of India had organized a summit AIPMA SUGGESTIONS:-
T“Importance of Insurance to Manage Risks & Grow
Better Business” on 8 th November 2017 – Hotel We suggested, as per Definition of MSME – Act 2006, there
Sahara Star, Mumbai. Mr. RAJA M. SHAH - Chairman – should be Packages of Insurance covering 10 important
AIPMA MSME Cell, as a Special Invitee attended the Risks for Micro & Small Enterprises. Insurance Policy “Terms
Summit.
Conditions” should simplified to be covered in 4 pages
Mr. Chandrakant Salunke, Founder & President – SME for better understanding. Instead of brokers, Insurance

Chamber of India & MIEDA in his welcome speech Company should directly contact the SMEs.
outlined the Theme: “Importance of Insurance
Our suggestions were highly acclaimed by Delegates &the
to manage Risks & Grow Better Business” of the
Speakers. Mr. Birendra Mohanty, Business Head – SME -
Summit. He expressed how Insurance is a Contract
ICICI Lombard General Insurance Company has proposed a
against Risk.
meeting with us.
Shri Deepankar Bose – CGM – SBI, presented latest
Financial aspects & Risk courage by Insurance for
SMEs. The Summit highlighted the importance and
benefits of various Insurance Products and Service
related to manage the Risks & Growth for better

business. SMEs will be benefited by understanding
the advantages of Insurance Coverages.SMEs,
Entrepreneurs and their employees as well their
business face tremendous problems / monetary
loses at various risks.

It outlined most of the SMEs neglect Insurance on
the ground -Why to insure? One should consider
Insurance coverage is a contract for Risk. “Claim is
blame” is no-more. Depending on Business, many
schemes are available. Do not consider Premium is

a Loss. No, it is Loss-coverage. Special Coverage
for Hazardous, High Value Cargo Transfer, the New
GPS System are installed in the vehicles. In case
of emergency like Hi-Jack, Fire and Accidents,
Emergency Assistance is available. SMEs Forum of
India Launched its Portal “www.insuranceforsme.com

Plastics News N ovember 2017 12