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Home Law & Policy

Ananda- Atmanirbhar Agents New Business Digital App

November 21, 2020
in Law & Policy
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Ananda- Atmanirbhar Agents New Business Digital App
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In news

LIC of India has launched a digital application – ANANDA

About Ananda app

  • It will  facilitate the process of proposal completion which is totally paperless and completely digital. 
  • ANANDA will enable an agent to complete a policy even without physically meeting the customer
  • One prerequisite would be that the mobile number of the customer should be mapped with his Aadhar.

A brief note on Life Insurance Corporation of India(LIC)

  • LIC is an Indian state-owned insurance group and investment corporation owned by the Government of India.
  • It was founded on September 1, 1956, when the Parliament of India passed the Life Insurance of India Act that nationalized the insurance industry in India. 
  • Around 245 insurance companies and provident societies were merged to create the state-owned Life Insurance Corporation of India
  • Surendranath Tagore had founded Hindustan Insurance Society, which later became Life Insurance Corporation
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Source: PIB & LIC
Tags: Prelims

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