Economy, Business And Markets

Loans to Increase Life Insurance Share

Loans to Increase Life Insurance ShareLoans to Increase Life Insurance Share

In addition to the latest directive issued by the High Council of Insurance, which allowed general insurance companies to subsequently become specialized life insurance firms, the head of the Central Insurance of Iran company announced that “special loans” have been considered for the to-be specialized life insurers. “They are also allowed to use special marketing tools to increasingly promote life insurance among people,” Abdolnasser Hemmati was also quoted as saying by the official website of CII. As the official noted, the share of life insurance in the Iranian insurance industry stands at 14% while “it must rise to 50% in order to change the penetration ratio of insurance”.

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