At the BIMTECH Insurance Colloquium 2018 in Mumbai, Mr M G Diwan was honoured with the BIMTECH Lifetime Achievement Award for his outstanding contribution to the insurance industry.
He was presented with the award by Mr Sakate Khaitan and Dr Anupam Varma.
Mr Diwan is a distinguished member of the institutes of India and the UK, and has just completed 60 years of his Fellowship. He is the former chairman of the Life Insurance Corporation of India (LIC), a great institution builder and pillar of actuarial science education.
In Mr Diwan's acceptance speech, he said that global companies needed to work hard with LIC to bridge the protection gap that exists in the life insurance segment.