New Delhi, Jan. 19 -- Department of Financial Services (DFS) Secretary M. Nagaraju on Monday highlighted the steady expansion of India's insurance and reinsurance sectors.

Addresding the 3rd edition of the IFSC-IRDAI-GIFT City Global Reinsurance Summit in Mumbai he reiterated the government's long-term vision of "Insurance for All by 2047".

In his address, the Secretary commended the progress of IFSC GIFT City and said India is at a critical juncture in the evolution of its reinsurance market.

He noted that the summit's theme, "Bridging India Today, Insuring India Tomorrow - the India Evolution Roadmap", aligns closely with the national objective of building an inclusive and resilient insurance ecosystem.

Describing the summit as an i...