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  • News From Press Now, purchase travel, home insurance through common service centres

    Now, purchase travel, home insurance through common service centres

    Source: Financial Express Jul 16, 2016

    The Insurance Regulatory and Development Authority of India (IRDAI) has said that other insurance allowed to be solicited and marketing through this platform include crop insurance (Government insurance schemes such as Pradhan Mantri Fasal Bima Yojana (PMFBY), weather-bsed crop insurance scheme (WBCIS) & Coconut Palm Insurance Scheme (CPIS) without any limit on Sum Insured).

    You can now purchase travel and home insurance from common service centre–special purpose vehicles (CSC-SPV).

    In a circular issued on Thursday, the Insurance Regulatory and Development Authority of India (IRDAI) has said that other insurance allowed to be solicited and marketing through this platform include crop insurance (Government insurance schemes such as Pradhan Mantri Fasal Bima Yojana (PMFBY), weather-bsed crop insurance scheme (WBCIS) & Coconut Palm Insurance Scheme (CPIS) without any limit on Sum Insured).

    Also, included in the list is government insurance schemes such as Pradhan Mantri Jeevan Suraksha Bima Yojana (PMJSBY) without any limit on Sum Insured.

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