CSC Insurance || POLICY SOURCING || CSC SPV obtained license || RAP REGISTRATION PROCESS

Insurance

CSC SPV obtained license from the Insurance Regulatory and Development Authority (IRDA) in 2013 to work as an authorized intermediary to market life and non-life insurance products through the Rural Authorized Persons, i.e. the VLEs. CSCs started offering General, Health and Life Insurance policies to the people living in rural areas of India.

Collection of Renewal Premium: CSCs across the country can also collect insurance premium towards renewal of life insurance policies.

RAP REGISTRATION PROCESS

All VLE’s can register for RAP Insurance service through Digital Seva Portal. The URL to register for this service and appear for the IRDAI exam is http://13.126.173.165/insurance/

The below process flow depicts the life cycle of becoming a RAP from VLE.

• The registration and licensing fee is Rs. 350 for the first attempt.

• A VLE can reappear for exam by paying a fee of Rs. 175, if they are unable to clear their exam in the first attempt.

• The training modules are available in English, Hindi, Gujarati and Bengali. We are in the process of adding modules in more regional languages.

• The examination can be given in English, Hindi, Gujarati and Bengali language from Monday-Friday between 10 AM - 4 PM (excluding Saturday, Sunday & Gazetted holidays).

• The exam is of one hour duration, which comes in Multiple Choice Questions.

• A laptop/desktop with internet connection and web camera are required to attempt the exam.

POLICY SOURCING

Once a VLE becomes licensed RAP, Insurance service will be enabled on Digital Seva Portal. A RAP can sell the following Insurance products through CSC Digital Seva Portal.

PRODUCT	DETAILS	COMMISSION
Life Insurance	Term & Variable Insurance Plan	5% of Premium
Life Insurance	KHATA – Single Premium Plan	8.5% of the Premium
Motor Insurance	Third Party (Liability) Insurance	Rs 50 Per Policy
Motor Insurance	Motor Package Policy(First Party)	10% of the Own Damage Premium
Personal Accidental Insurance		15% of the Premium
Health Insurance	Insurance for Individual & entire family	15% of the Premium
Pradhan Mantri Fasal Bima Yojana (Non Loanee Farmers)	Kharib & Rabi Season Crop Insurance	Rs 30 per Application
Fire and Allied Perils	Protection against loss or damage to property due to fire or perils	10% of the Premium
Farmer Package Policy	Covers both the personal assets of the farmer and also the assets which help him in earning his livelihood.	15% of the Premium
Agriculture Pump Set Insurance	Provides cover for Centrifugal Pump Sets and submersible pump sets used for agricultural purposes only.	15% of the Premium
Cattle Insurance	Insurance of Mitch Cows, Goats etc	15% of the Premium

**The commission will be given on the Premium, excluding Taxes**

• A VLE earns 80% of commission rate mentioned in above table.

• VLE gets instant commission for the policy sold and they also get amount of policy page at Rs. 5 (taxes inclusive) per page.

• Policy will be issued & handed over to the Customer instantly.

Video Guide:

• https://youtu.be/vWBkjh8nsgA

• https://www.youtube.com/watch?v=lfATH9EdkC8

• https://youtu.be/za04uhudQTA

Point of Contact:

Name	Designation	Email Id	Contact
Hemant Ivaturi	Assistant Manager	Hemant@csc.gov.in	9958656111
Ritesh Charan	Senior Executive	Ritesh.charan@csc.gov.in	9953332115
Hitesh Rana	Sr. Manager	Hitesh.rana@csc.gov.in	9911144445
Riaz Mohammed	HOD	Riaz.mohd@nic.in	9911176980