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IRDA to bring Common Service Centres to sell policies

In six months time, CSCs may come in full-fledged manner, Vijayan said

January 01, 2014 11:23 IST | India Infoline News Service
The Insurance Regulatory and Development Authority (IRDA) Chairman TS Vijayan said that the regulator is bringing in Common Service Centres (CSCs) as insurance brokers to sell policies in rural areas.

CSCs offers web-enabled e-governance services in rural areas. In six months time, CSCs may come in full-fledged manner, Vijayan said.

Mr Vijayan was speaking at an interactive session organised by the Federation of Andhra Pradesh Chambers of Commerce and Industry (FAPCCI) on Friday.

Vijayan said the aim of the project is to ensure that insurance penetration goes up in rural areas.

CSCs will be selling simple insurance products such as tractor insurance, vehicle insurance, he said.

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