We are a small insurance business entrepreneur started our
unit at Kolhapur, a district place of Maharashtra state bordering Karnataka.
The Kolhapur city is famous for its archaeologically famous Mahalakshmi Temple.
Life Insurance Corporation of India has a divisional office and five city
branches and fifteen branches surrounding to it in urban and rural areas.
We are exclusively working for
LIC of India and our purpose is to promote the cause and interest of the LIC
and to contribute to the growth of the Organisation. We have identified one
area besides many other where we can do something and contribute to the growth.
That area is a huge part of orphan policies. Due to strict conditions and
regulations In respect of Insurance agencies by IRDA lacks of agents are
getting terminated for non fulfilment of business norms year after year. Thus
the policies booked by these terminated agents are becoming orphan every year.
Despite of LIC’s CRM activities and in absence of personal help by somebody number
of policies are becoming lapsed and going out of books of the Corporation
causing huge premium loss to the Organisation.
Through
our existence we will provide all the required services and advise to such
policy holder’s so that they can find a trustworthy place to pay premium, get
policies nominated, assign, policy loan, receive maturity claim, obtain housing
loan from HFL, get advice on risk coverage and returns on investment and many
other matters.
Thus we will not allow a single
orphan policy which come in to our
contact to lapse and cause loss to
policy holders and organization.
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