First Insurance World Broking Services not to charge for claims services
By Venkatachari Jagannathan | 20 Oct 2004
Chennai: The city-based First Insurance World Broking Services Private Limited has decided not to charge its clients for claims-related advice. The insurance broking regulations allow brokers to charge their clients for other services offered.
Starting
its operations as a group of individual agents, the
company grew to become a corporate agent and finally
as insurance broker.
According
to Akshay M Nahar, executive director, the company has
been empanelled with ten non-life insurers and six life
insurers. "Our focus will be on the small and the
medium sized units. Our target is to do around Rs1 crore
business per month."