Private sector life insurance company ING Life India has inked a tie up with e-seva, the citizen services arm of the Andhra Pradesh government for premium collection.
This tie up will provide customers a faster, efficient and accessible method of renewal premium payment.
Presently, the insurer has a network of 259 branches with a presence in 234 cities and towns. Further, the company has a strength of 70,000 advisers that assist customers in offering products that cater to their needs.
In FY 2008-09, ING Life garnered a renewal premium of Rs 750 crore, and has set a target of Rs 1,200 crore in FY 2009-10. The insurer has market share of 1.6% and has no proposal of marketing its products via these e-seva centres..
The tie up will be activated in 21 e-seva centres is spread across the Visakhapatnam district.