IndiaFirst Life acknowledged with Social Inclusion Award 2017 by Fintelekt
Mumbai, July28, 2017:IndiaFirst Life Insurance has beenrecognised with the Social Inclusion Award 2017 by Fintelekt Insurance Awards, at the 7th edition of The Indian Insurance Awards, held in Mumbai.
Commentingon the honour, RM Vishakha, Managing Director and CEO, IndiaFirst Life, said,“We are delighted to receive this award and would like to thank Fintelekt forrecognisingIndiaFirst Life Insurance’s initiatives around social inclusion.Technology has enabled issuance and servicing of small value policies, thatprovides access to an underserved market segment. This also enables alignmentwith the government’s vision of financial inclusion, of which insurance is animportant facet.”
IndiaFirstLife has covered nearly2.4 million livesunder the (PMJJBY)PradhanMantriJeevanJyotiYojana scheme and has supported more than 8000familiesby settling claimsworthRs.161 crores, in the last two years.Throughitspan-India presence via Common Service Centers (CSCs), over 2000 regionalrural bankbranches and KGFS centres have been set up in Tamil Nadu.IndiaFirst Life also set out towardsthe challenge of improving insurance penetration in remote geographies, withthe primary aim of offering a structured platform that drivessocially-inclusive and long-term development through community participation.
IndiaFirstLifeendeavours to improve penetration and awareness of social sector schemesinrural andunderinsured areasof the country.This is a means of pushing forself-sustenance together with inclusive development for all, in absence ofsocial security systems, which stands acknowledged with this recognition.
AboutFintelekt Insurance Awards
TheFintelekt Insurance Awards measure and acknowledge the achievements of theinsurance industry in India and have become the undisputed and crediblemechanism to rank industry players in a comprehensive and fair manner. For moreinformation, please visit www.fintelekt.com/awards.