We deal in assignment of life insurance policies issued by LIC of India midway directly from the policy holders. On surrender of policy to the insurer both policy holder and agent servicing the policy loses all the benefits under the policy. Insurer loses the projected premium receivable from the policy holder. The said assignment business approved by IRDA helps all stake holders in the ecosystem. It is win win situation for all the stake holder i.e. policy holder, agents, insurance company, Aceso and PTC holders in Aceso. Aceso is the first and the only market makers dealing in such policy providing web based into in solution to policy holder agents insurer etc. Aceso is only company providing solutions against huge surrenders and lapsasion of life insurance policies.
Financial intermediation
Source: Ministry of Corporate Affairs company master (open data). Capital figures are as-of the 2021 registry snapshot, not live.