Mumbai, September 01: IDBI Fortis Life today said it has tied-up with Regional Rural Development Centre (RRDC) to offer insurance protection of its product-Termsurance Grameen Suraksha, to the rural consumers of Orissa.
IDBI Fortis Termsurance Grameen Suraksha offers rural customers the options of four convenient premium slabs of Rs 50, Rs 100, Rs 150 and Rs 200 with corresponding sums assured of Rs 5,000, Rs 10,000, Rs 15,000 and Rs 20,000.
“Termsurance Grameen Surakasha can offer financial inclusion to a large number of rural consumers in Orissa that do not have access to life insurance,” IDBI Fortis Life National HeadMarketing and Product Management, Amish Tripathi, said in a statement here.
IDBI Fortis in association with RRDC has already insured 3,440 rural individuals through Termsurance Grameen Suraksha.
“The tie-up will really help in reaching out to sections which have till now been uncovered by the benefit of an insurance cover,” RRDC Secretary, Deepak Kindo said.
IDBI Fortis Life is a joint-venture of IDBI Bank, Federal Bank, and Europe-based Fortis Insurance International.
RRDC implements community projects in health and hygiene, forest protection, natural resource management, plus agriculture and livestock improvement.
—Agencies