LIC is planning to launch a product specifically designed for rural areas to achieve 'Insurance For All by 2047'. The product will consist of life, health, and property insurance, with a women-centric distribution channel model. The IRDAI has proposed guidelines for 'Bima Vahaks', which seek to establish a dedicated distribution channel at the level of Gram Panchayats.
from Banking/Finance-Industry-Economic Times https://ift.tt/LyCk3gj
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