The contract value for this initiative stands at Rs17 Cr
FinTech BizNews Service
Mumbai, 25 October, 2023: Choice Insurance Broking, a subsidiary of Choice International Limited, has announced its appointment as the Intermediary for the Centrally Sponsored Livestock Insurance Scheme in Karnataka for the fiscal year 2023-24. The agreement formalizing this collaboration was signed between the Karnataka Livestock Development Agency (KLDA) and IFFCO Tokio General Insurance Company.
Under this comprehensive scheme, Choice Insurance Broking will extend its services across all 31 districts in Karnataka, providing essential coverage for the livelihoods and assets of approximately 150,000 livestock owners in the state. Choice Group's active involvement in this initiative underscores their steadfast commitment to enhancing insurance access and safeguarding the financial interests of rural India. This partnership serves as a testament to the collaborative efforts of both Central and State government bodies in bringing this project to fruition.
Arun Poddar, CEO, Choice International Limited, expressed his enthusiasm for this venture, stating, "We are proud to be part of a program that will positively impact the lives of thousands of livestock owners in Karnataka. This aligns with our core values of financial inclusion and support for rural communities. We extend our heartfelt appreciation to the government bodies for their vision and dedication to this noble cause."
