BASIX created history in December 2010 by crossing the milestone of 100,000 claims settled. To commemorate the occasion, the event was celebrated at the Head Office of BASIX in the presence of the representatives of BASIX’s insurance partners- AVIVA and Royal Sundaram, all general managers of BASIX and members of the senior management.
Vijay Mahajan was present on this occasion and shared some interesting views on the micro insurance program. The efforts of those who had gone the extra mile to ensure such these figures in such a short time were recognized in this event. Some Basix employees from Kurnool unit were also felicitated for their tireless contribution and commitment.
BASIX and AVIVA Renew “Credit Plus” for the next two years
BASIX and AVIVA Life Insurance Company Limited renewed the contract of credit plus policy for the next 2 years. Presently, in accordance with the AP MFI bill, the coverage under the credit plus and Grameen Arogya Raksha has been withdrawn temporarily, however both BASIX and AVIVA are looking to develop a solution to overcome the current hurdles and work out a permanent alternative for credit plus.