Unique insurance plan for economically weaker sections
Written by : SMTV24x7 | Tue, Mar 28, 2017, 05:25 PM
Hyderabad, March 28: Here is the good news economically weaker sections, Tata AIA Life Insurance Co Limited (Tata AIA Life) has joined hands with Tata Tele Services Limited (TTSL) to launch a unique insurance plan-- m-Insurance.
M-Insurance provides life insurance cover of up to Rs 1 lakh for the telecom company's prepaid subscriber based in Andhra Pradesh and Telangana as a pilot offer on select recharges, a company statement said here today.
Speaking on the occasion, IRDAI Chairman T S Vijayan said "I am here to attend the event because this initiative is core to the mission of IRDAI, which is not just regulation but development too.
Life insurance is all about protection and that incorporates three things - offering protection at an affordable price, reaching out to a maximum number of people, and offering simple claim settlement.
A plan like m-Insurance uses technology to cut distribution and service costs, thereby bringing protection to those who would otherwise find it unaffordable. With plans like these, we feel we have done something really valuable for the country", he added.