The New India Assurance Company Ltd., a government of India undertaking, opened 13 new micro offices in the State on Tuesday.
Addressing a press conference here, Director and General Manager K. Sanath Kumar said the multinational insurance company had got 20 micro offices in the State as part of the Finance Ministry’s Financial Inclusion to open the offices in 1,149 towns in the country.
Three exclusive claims settling offices were opened in Thiruvananthapuram, Thrissur, and Kozhikode.
Mr. Sanath Kumar said the company had started one more commercial micro office at Kattakada in the capital district, and three branch offices at Mavelikkara, Kottakkal, and Kanjikode.
The company, which has operations in 22 countries and offers 160 products, was working out plans to consolidate its leadership with Rs.12,500-crore business in the current fiscal year, he said.
Efforts were on to provide third-party insurance online and settle claims within 30 days, Mr. Sanath Kumar said.
The Kerala region which collected Rs.430 crore as premium last financial year was aiming to make it Rs.530 crore this year, he said.
Deputy General Manager C.J. Philip, who heads the Kerala operations, said the attempt was to provide services — buy insurance products and renew policy — through 1,500 Akshaya centres in the State this year.
Mr. Philip said the company was the market leader in the general insurance sector, and 50 to 55 per cent of the insurance was for motor vehicles.