To support life insurance policyholders, ACESO has introduced the Assignment of Life Insurance Policies (ALIP) program, allowing individuals to access their policy’s surrender value while retaining their life cover. This innovative solution targets those considering surrendering their policies, ensuring they do not lose out on benefits after years of premium payments.
The program comes as a relief to many who face financial difficulties, as surrendering policies often results in a complete loss of coverage for their nominees in case of death. ALIP allows policyholders to maintain their insurance benefits while obtaining funds when needed. ACESO, founded in 2018, has facilitated over Rs 400 million in assignments and is now extending its services to include policies from all major private insurers.
In Jorhat, the ALIP program offers crucial financial assistance to residents who often rely on life insurance as a safety net. It empowers policyholders to navigate financial challenges without sacrificing their long-term security. Moreover, insurance agents benefit by continuing to earn commissions, thereby reinforcing the ecosystem’s stability and trust.
