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Shri. K M Mani, Hon'ble Minister for Finance Govt. of Kerala Inaugurating Computerization
of the Department by distributing the first Policy issued from the Application Software
of the Department, 'VISWAS' to the Policy Holder Smt. Resmi Reghunath S
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The Kerala State Insurance Department is a composite insurer doing both life insurance business and general insurance business. It came into existence in the erstwhile Travancore State in 1896. It is empowered to carry on General Insurance of any subject in which State Government has substantial financial interest. The General Insurance Business underwritten by the Department is reinsured with General Insurance Corporation of India and its four Subsidiary Companies. Section 44 (f) of the LIC Act, 1956 provides the Department to underwrite Life Insurance Policies of the Government Employees. The department acted as co-insurer of the Crop Insurer Scheme.
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“Improving the lives of the millions of people is a noble endeavor. It can also be a lucrative one”
Although it may feel good to be living the independent life no man is an island! In today’s world where members of a family live in the same house but in their own worlds, each engaging to their own activities, watching their own TVs and reaching out to their circles with personal phones and their computers. However, there is oneness of purpose and mutual support. The word ‘insurance’ in our society is sprinting far ahead of itself with a business growth. The insurance industry is catching people’s imagination; all of it has to do with getting new products and better service.
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