VLE Insurance Agreement Sale with CSC SPV: All You Need to Know
The Common Service Centre Special Purpose Vehicle (CSC SPV) has recently signed an agreement with VLE Insurance Broking Services Limited to offer insurance products and services to VLEs (Village Level Entrepreneurs) across India. This partnership aims to provide insurance coverage to the rural population and improve financial inclusion in India.
VLE Insurance Broking Services Limited is a subsidiary of CSC e-Governance Services India Ltd and specializes in providing insurance solutions to the rural population. It has a widespread network of more than 1 lakh VLEs, who are responsible for providing various services to the rural population.
On the other hand, CSC SPV is a government-owned company that operates under the Ministry of Electronics and Information Technology. It provides digital services and enables citizens to access various government schemes and services through its network of more than 3.6 lakh VLEs across India.
The VLE Insurance agreement sale with CSC SPV is a significant step towards bridging the gap between rural and urban India. As per the agreement, VLE Insurance Broking Services Limited will offer various insurance products and services such as life insurance, health insurance, motor insurance, and crop insurance, among others.
Moreover, CSC SPV will facilitate the sale of these insurance products and services through its network of VLEs, who will act as intermediaries between the insurance companies and the rural population. This will make it easier for the rural population to access insurance products and services, which were previously not easily available or affordable for them.
The partnership between VLE Insurance Broking Services Limited and CSC SPV will not only provide insurance coverage to the rural population but will also create job opportunities for VLEs. The VLEs will act as insurance agents and earn a commission on the sale of insurance products and services.
With the increasing demand for insurance products and services in India, this partnership will help meet the growing needs of the rural population. It will also contribute towards improving financial literacy and awareness among the rural population.
In conclusion, the VLE Insurance agreement sale with CSC SPV is a significant step towards providing insurance coverage to the rural population and improving financial inclusion in India. This partnership will not only provide insurance solutions to the rural population but will also create job opportunities for VLEs, enhancing their income and livelihoods.