The country’s largest insurance company Life Insurance Corporation of India (LIC) has launched a new facility for its customers. This is the first of its kind scheme in the field of insurance. Under this scheme, customers can purchase the policy even without meeting the LIC agent. The entire process will be paperless and based on KYC, which will require Aadhar Authentication. Learn about this special initiative of LIC.
This is the first such special scheme in the insurance sector launched through video conferencing . This plan of LIC was launched through video conferencing.
What is the name of this application
LIC has started it as self dependent agents new business digital application (ANANDA). LIC Chairman MR Kumar launched it with senior officers.
What is this digital application
This digital application has been specially developed by LIC. The aim is that during the coronavirus crisis, people can buy LIC policy through contactless process. Paperless life insurance policy can be taken through this digital application. Agents will help the customer in this. It is based on paperless KYC, which will require Aadhaar (ADHAR) based authentication.
E-training video released
LIC has also started an e-training video for its agents for the purpose of giving information about this new scheme and to operate it properly. This video gives complete introduction of life insurance policy. LIC has introduced a paperless digital application for the first time in India’s insurance sector. On this occasion LIC Chairman MR. Kumar said that this application would make it a better tool for marketing and other intermediaries, which would help sell LIC’s policy in a paperless manner.
LIC is the only public sector insurance company, LIC
is the only public sector insurance company. Crores of people have faith in this. LIC’s network is spread across the country and has reach to rural areas. Explain that LIC has a 32 crore policy. Its assets are worth around Rs 32 lakh crore. Currently, LIC has close to 1.3 million agents and the company is planning an IPO.