Life Insurance Renewal
Life Insurance Renewal is a kind of product that can be sold by any VLE. They do not need to be RAP or VLE Insurance certified.
Life Insurance Renewal is a kind of product that can be sold by any VLE. They do not need to be RAP or VLE Insurance certified. CSC VLEs collect a premium of over Rs85,00,00,000/- under the life insurance renewal.
When a customer buys a Life Insurance Policy, he/she is required to pay a certain amount of premium on a regular basis in order to continue with the policy. It can be done on a monthly, quarterly, half yearly or annual basis. In case the customer fails to pay the premium on a regular intervals, the policy will be relapsed which the policy holder or the nominee will have to face.
There are over 45000 VLEs who are selling Renewal Insurance product every month amongst which, a major population is neither RAP nor VLE Ins certified. With the hope of better growth prospects, we are expecting 1,50,000 VLEs to sell the Life Insurance Renewal product.