Crore rural policies were sold by companies in last two years. 55 Crore policies in 2007-08 and 26 Crore policies in 2008-09) 36 Crore



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tarix22.01.2018
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Companies are statutorily required to do rural business and cover lives from social sector -rural, un-organized and socially underprivileged from there first year of operation.

  • Companies are statutorily required to do rural business and cover lives from social sector -rural, un-organized and socially underprivileged from there first year of operation.

  • Companies have to mandatorily sell

    • 18% of new policies in rural areas.
    • Cover 25,000 lives in social sector every year.
  • 2.8 Crore rural policies were sold by companies in last two years.

  • (1.55 Crore policies in 2007-08 and 1.26 Crore policies in 2008-09)

  • 3.36 Crore life's covered in social sector in last two years.

  • (1.43 Crore in 2007-08 and 1.93 Crore in 2008-09)

  • 70% of the total 11,927 branches of insurance companies are in semi-urban or rural areas (33% in rural areas).

  • No such obligations for Mutual Funds which operate mostly in 16 cities.






















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