Vakrangee Limited (VL) has announced Corporate Agency (Registration Code CA0249) tie up with Life Insurance Corporation of India (LIC) to distribute Micro Insurance products through Nextgen Vakrangee Kendra network.
Vakrangee has been focusing to be the India’s largest one-stop solution provider for various products and services for the last mile. The Company is concentrating on bringing new and innovative products for the customers through its Kendras spread across India.
Tie-up with Life Insurance Corporation of India, which has a strong product portfolio with adequate and flexible products to cater to all kinds of customer needs will support especially in unserved and underserved areas. Vakrangee shall provide the Solicitation and sale of the LIC’s micro insurance products. Further it also includes, Follow up for Collection and remittance of renewal premium of LIC’s micro insurance policies.
Citizens shall be able to access Micro Insurance products and services offered/to be offered by Life Insurance Corporation of India through the network of Vakrangee Kendra across the country. Further, Renewal Premium collection for all Micro Insurance policies of LIC will be enabled at Vakrangee kendras irrespective whether these policies have been procured at the Kendra or not.
Commenting on this partnership, Mr. Dinesh Nandwana, Managing Director & Group CEO, Vakrangee Ltd. said, “We are happy and honored to announce this partnership with Life Insurance Corporation of India (LIC) which enables us to have Micro Insurance Products across our NextGen vakrangee kendras.
