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AIC to use services of non-life insurance agents: IRDA

IRDA said that AIC can distribute its own products by using the services of agents and corporate agents of other general insurers

September 17, 2013 4:13 IST | India Infoline News Service
In order to enhance penetration of crop insurance in India, Insurance Regulatory and Development Authority (IRDA) has allowed Agriculture Insurance Company of India (AIC) to use the agent network of other non-life insurers.

On 12th September, IRDA said that AIC can distribute its own products by using the services of agents and corporate agents of other general insurers.

IRDA said that agents, who want to offer services to AIC, will have to submit a 'No Objection Certificate' obtained from their parent general insurer and enroll themselves with AIC.


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