Recognized its role in improving insurance penetration in India’s under insured beltsMumbai, August 20, 2017: India First Life Insurance has been recognised with the Social Inclusion Award 2017 by Fintelekt Insurance Awards, at the 7th edition of The Indian Insurance Awards, held in Mumbai.Commenting on the honour, RM Vishakha, Managing Director and CEO, India First Life, said, “We are delighted to receive this award and would like to thank Fintelekt for recognising India First Life Insurance’s initiatives around social inclusion. Technology has enabled issuance and servicing of small value policies, that provides access to an under served market segment. This also enables alignment with the government’s vision of financial inclusion, of which insurance is an important facet.”
India First Life has covered nearly 2.4 million live sunder the (PMJJBY) Pradhan Mantri Jeevan Jyoti Yojana scheme and has supported more than 8000 families by settling claims worth Rs.161 crores, in the last two years.Through it span-India presence via Common Service Centers (CSCs), over 2000 regional rural bank branches and KGFS centres have been set up in Tamil Nadu. India First Life also set out towards the challenge of improving insurance penetration in remote geographies, with the primary aim of offering a structured platform that drives socially-inclusive and long-term development through community participation.
India First Life endeavors to improve penetration and awareness of social sector schemes in rural and under insured areas of the country.This is a means of pushing for self-sustenance together with inclusive development for all, in absence of social security systems, which stands acknowledged with this recognition.
Corporate Comm India(CCI Newswire)
