Top Stories

Choice Insurance Broking chosen as Intermediary for Karnataka's 2023-24 Livestock Insurance Scheme

Oct 25, 2023

By: BlinkX Research Team

Choice Insurance Broking, a subsidiary of Choice International Limited, is delighted to announce its designation as the intermediary for Karnataka's Centrally Sponsored Livestock Insurance Scheme for the fiscal year 2023-24. The formal agreement for this collaboration was signed between the Karnataka Livestock Development Agency and IFFCO Tokio General Insurance Company Limited.

Under this comprehensive scheme, Choice Insurance Broking will extend its services to all 31 districts in Karnataka, offering vital coverage for the livelihoods and assets of approximately 150,000 livestock owners in the state. This initiative underscores Choice Group's unwavering dedication to broadening insurance accessibility and safeguarding the financial interests of rural India. It also highlights the collective efforts of both Central and State government bodies in realizing this project.

Mr. Arun Poddar, CEO of Choice International Limited, expressed his excitement about this endeavor, 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."

Choice Insurance Broking remains steadfast in its commitment to ensuring the financial stability and prosperity of rural India. The insurance division of Choice International Limited demonstrated exceptional performance in the last quarter, ending in September 2023, with a significant year-over-year increase in premiums. Through this initiative, Choice Insurance Broking continues its impressive strides in its mission to bolster, safeguard, and elevate the heart of India.