Union Minister unveils new insurance policy

Union Finance Minister P. Chidambaram on Saturday unveiled a New India Assurance Company’s “Jan Suraksha Laghu Bima Policy”, a newly conceived product, designed to provide insurance cover to the rural and semi-urban population.

Speaking after launching the product, inaugurating the company's Divisional office at Madurai and declaring open 21 new micro offices at Devakottai,, Mr. Chidambaram stressed the need for educating the public on the need for taking insurance cover. People, to some extent, know only about life insurance and their knowledge on general insurance was nil, he said.

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