Announcing its entry into the micro insurance segment, L&T Insurance has tied-up strategically with Vimmo Sewa in Gujarat.
City-based Self Employed Women's Association (Sewa) is promoting the insurance co-operative Vimmo Sewa. Catering specifically to the rural population, the premium for these insurance policies will be as low as Rs. 50 to Rs. 730 per annum and will cover assets and individual health.
Last month, more than 100 policies were sold in villages around Surat by the company through Vimmo Sewa.
L&T Insurance is a subsidiary of engineering major Larsen and Toubro.