Microinsurance; for the poor and for the privileged
Tata AIA Life launched a new microinsurance scheme in India called m-insurance, which provides life insurance to Tata Teleservices‘ prepaid subscriber base. “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” – IRDAI Chairman T S Vijayan. Recall select microinsurance players below.
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