ING Life Insurance joins hands with AISECT to offer premium collection services in semi-urban and rural India

Bangalore-based life insurance company, ING Vysya Life Insurance Company Limited (read ING Life Insurance hereon), has tied up with AISECT, India’s leading education, training, services & e-governance network, in an effort to provide people living in remote areas in India access to life insurance.

As per the alliance, AISECT will provide services of renewal premium collection to customers of ING Life Insurance. AISECT has also launched a Portal to record the ING Life transactions being done across AISECT Centres. 

In the initial phase, the collection services will be available in 6 cities that include Rewa (MP), Satna (MP), Morena (MP), Rajkot (Gujarat), Ballia (Uttar Pradesh) and Haldwani (Uttrakhand). Over the next few years, these services will be extended to all 8,500 centres of AISECT which are located across 27 states and 3 union territories.

AISECT’s CMD Mr. Santosh Kumar Choubey said, “So far, large segments of rural India don’t have access to banking and financial services because of the long distances and poor distribution. Our aim is to make financial services easily available to people anywhere and anytime. With our immense rural and semi-urban network, we are well poised to launch offerings which provide people insurance cover for a secure future”.

The organization, through its multi-purpose centers, offers numerous services including corporate training, rural placements, BPO services and distribution services. Moreover, while working as a National Business Correspondent (BC) as well as a Business Facilitator (BF) for SBI under the Financial Inclusion Scheme, AISECT is already making banking services accessible at the grass root level. By next year, through strategic alliances with other insurance companies, AISECT plans to offer insurance services across all its centers. 

Commenting on this tie up, Mr. Ashwin B., Chief Operating Officer, ING Life Insurance said “The tie-up with AISECT will help existing policy holders of ING Life Insurance pay their renewal premiums at any of the AISECT network centres. AISECT’s well-established network in the smaller towns of India will make it convenient for our customers to pay premiums on time.” 

About AISECT:
Since 1985, AISECT has been actively working to reach out to the remotest corner of India and promote ICT-based education, training and services to empower people and generate employment for the youth. AISECT has, till date, transformed the lives of over 1 million students through a host of skill enhancement programs and generated about 10,000 entrepreneurs. The organization, which has a significant presence across the country at District, Block and Panchayat levels, has been involved in various skill development and capacity building initiatives of the Central and State Governments like Common Service Centre (CSC) Project, Swarnjayanti Gram Swarozgar Yojana (SGSY), Sarva Shiksha Abhiyan, Indira Suchana Shakti Yojana, Swashakti Project, Tejaswini Project and SRMS Project among others.