Life insurers eye micro-insurance as a growth driver for the future


Life insurance companies are looking at the micro-insurance segment as a profitable and viable business venture in the future and a growth driver. Micro-insurance or insurance for the poor and rural population is generally sold under group schemes. As per the Insurance Regulatory and Development Authority (Irda), all insurance companies are mandated to get a certain percentage of their total business from micro-insurance policies. Percentage of obligatory business differs due to the scope and size of the insurance companies........Read more

 

 

Source: Financial Chronicle


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