Through CSC, life and non-life insurers can now market and sell some of their retail products. The authority has released guidelines for the sale.
Go deeper with GlobalData
IRDA chairman TS Vijayan was quoted by The Hindu Business Line as saying that the prime objective of these guidelines is to facilitate the insurers to reach out to rural India utilizing the network of CSC.
According to the guidelines, before marketing insurance production, CSC should obtain prior license from the insurance regulator. The license will be valid for three years.
CSC was created by the Department of Electronics and Information Technology, Government of India.
GlobalData Strategic Intelligence
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
