Discussing the government’s role in supporting disaster insurance expansion, he stated, “The government can either facilitate the private sector’s efforts or take a direct role, such as providing insurance for specific sectors.”He further highlighted the Pradhan Mantri Fasal Bima Yojana (PMFBY) and Ayushman Bharat as examples of successful risk protection initiatives backed by the government.The PMFBY provides affordable crop insurance to farmers, protecting them from income losses due to natural disasters. Ayushman Bharat, on the other hand, offers health insurance to economically disadvantaged individuals, helping to mitigate medical expenses.Mishra suggested the introduction of large-scale disaster risk insurance tailored to various stakeholders, including households, businesses, and government agencies at all levels. He noted that such programmes could help better prepare India to cope with the financial consequences of future disasters.The NDMA workshop brought together senior officials, including Home Secretary Govind Mohan, NDMA member Rajendra Singh, NDMA advisor Safi A Rizvi, and professionals from the insurance sector, to discuss strategies for advancing disaster risk insurance in the country.
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