In a pivotal meeting, India's finance ministry collaborated with the General Insurance Council and private sector general insurance leaders, under the chairmanship of DFS Secretary Vivek Joshi. The focus was on addressing critical issues within the industry. Key points included strategies to boost insurance penetration through state-level discussions and optimizing distribution channels, particularly with regards to compliance with the Motor Vehicles Act in conjunction with state governments and the Ministry of Road Transport and Highways. Additionally, there was an emphasis on cooperating with the Ministry of Health to expand cashless facilities and standardize treatment costs to promote growth in health insurance. The meeting also discussed using property and parametric covers for mitigating financial losses from natural disasters, crafting insurance plans for MSME sectors, and connecting insurance fraud with CIBIL scores for prevention.