P640 | Programme on Vigilance (Non-Life)

The eternal battle between the good and evil has continued through the ages. Insurance has never been an exception from the clutches of the menace of fraud. Fraud and its detection assume special importance in insurance because the price of fraudulent practices must be borne by the genuine people by way of increased premium.
As Corporate Governance gained more importance, positive assurance to all stakeholders that security and discipline would be maintained within the organization, is the need of the hour.
Therefore, Officers and staff must be vigilant within the framework of ethics, rules and acts. Keeping in view of the requirements of stake holders, it is important to deploy effective vigilance systems in place and to create conducive atmosphere of efficient governance based on principles of natural justice.