Page 7 - LIFE INSURANCE TODAY Novemver 2017

exceeding Rs 2 lakh except for motor insurance. CSC-SPV CSC-SPV markets insurance products and also offer other
is the CSC e-Governance Services Limited, Special Purpose insurance related services through the CSC network of
Vehicle incorporated to facilitate delivery of government, those insurance companies who have entered into an
private and social sector services to citizens of India agreement with the CSC-SPV.
through CSC network.
Currently non-participating non
linked variable insurance
products with regular premium
payment and pure term
insurance products with regular
premium payment of life
insurers have been approved by
the Authority under the file &
use guidelines. Like-wise motor
insurance, personal accident
insurance, cattle/ livestock
insurance, farmer's package
policy and fire & allied peril
dwellings insurance of general
CSC Insurance Products: insurance have been approved
by the Authority.
CSC-SPV will have to deploy RAP for the selling insurance
policies. RAPs must have minimum educational The CSC-SPV shall market exclusive products under this
qualification of matriculation with basic computer
channel which will be pre-fixed with the words "CSC". The
knowledge. Also, they should complete 20 hours training
maximum sum assured/ insured allowed these policies is
from any recognized institute and pass the exam with at Rs 2 lakhs excluding the sum insured under motor
least 35% marks. Except for motor insurance, the coverage
insurance. Currently non-participating non linked variable
provided under life and non-life offered through CSCs
insurance products with regular premium payment and
should not exceed Rs 2 lakh. These products come at
pure term insurance products with regular premium
premiums ranging from Rs 100 to Rs 1,000.
payment of life insurers have been approved by the
Authority under the file & use guidelines. Like-wise motor
The CSC-SPV shall market exclusive products under this
insurance, personal accident insurance, cattle/ livestock
channel which will be pre-fixed with the words "CSC". insurance, farmer's package policy and fire & allied peril
Currently non-participating non linked variable insurance
dwellings insurance of general insurance have been
products with regular premium payment and pure term
approved by the Authority.
insurance products with regular premium payment of life
insurers have been approved by the Authority under the
file & use guidelines. Like-wise motor insurance, personal
accident insurance, cattle/ livestock insurance, farmer's
package policy and fire & allied peril dwellings insurance
of general insurance have been approved by the Authority.

Within the CSC framework there are Service partner
Agency which includes the State Designated Agency or the
Service Centre Agency or any other agency under the CSC
Scheme who will train, guide and mentor the VLEs. The

Advice is what we ask for when we already know the answer but wish we didn’t.

Life Insurance Today November 2017 7

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