Announcing its entry into the micro insurance segment, L&T Insurance has tied-up strategically with Vimmo Sewa in Gujarat to cater specifically to the rural population.

Last month, more than 100 policies were sold in villages around Surat by the company through Vimmo Sewa.
L&T Insurance CEO Joydeep Roy said that after Gujarat, they would be extending such services in other states too, as they see a great potential in the micro insurance sector. With low premium rates and easy processing, they have initially launched 4 products giving accident, fire and hospital covers, which is expected to become popular among the rural population.
L&T Insurance is a subsidiary of engineering major Larsen and Toubro.
Source-Medindia