Tag Archive for insurance

Max Life Insurance to distribute Rs. 1,084 crore as bonus to its participating policyholders

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Max Life Insurance, one of the leading life insurance companies of India, announced bonus for its participating policyholders. During the period July 1, 2018 to June 30, 2019, Max Life Insurance will be paying Rs.1,084 crore as policyholder bonus on the participating policies in-force, an increase of 27% over Rs. 854 crore in the same period in the previous year. The bonus distribution will benefit ~15 lacs participating policyholders of Max Life Insurance. This is the 16th year in a row when Max Life Insurance has announced bonus.

 

Max Life Insurance’s participating policyholder fund at Rs. 26,570 crore (as on 31st March, 2018) is one of the largest in the industry and has grown at Compounded Annual Growth Rate (CAGR) of  ~35% over 10 years. This indicates trust Max Life’s customers have reposed in its participating plans. Read more

DHFL Pramerica Life Insurance organises Blood Donation camp in association with Rotary Club

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

DHFL Pramerica Life Insurance (DPLI), one of the leading life insurance companies in India recently organized a blood donation camp in association with the Rotary Club blood bank in Gurugram. The camp was organised as a part of the CSR initiatives of DHFL Pramerica Life insurance Company.

The one day camp attracted 70 volunteers and approximately 60 units of blood were collected in the camp. A team of doctors, paramedics and volunteers were positioned strategically all over the venue to ensure a safe and hygienic camp. A pack of refreshment and a certificate of appreciation was given to all the successful donors by the club.

Speaking on the occasion, Mr. Anoop Pabby, MD & CEO, DPLI, said, “DPLI has been at the forefront to serve the community through social initiatives.  Blood donation is a noble cause and is considered as the highest contribution rendered towards humanity. We would like to express gratitude to the Rotary Club and appreciate the enthusiasm of our employees and all the blood donors in making this camp a great success.”

World Health Organization estimates that blood donation by 1% of a country’s population is generally sufficient to meet its basic requirements for safe blood. Currently, an estimated 9.5 million Indians donate blood, which is 2.5 to 3 million less than the required number. DPLI believes that organizing blood donation camps on a regular basis is the easiest way to save lives. Read more

NSEIT & Insurance Institute of India, launch unique initiative ‘Test in the Box’

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Insurance Institute of India (III), an insurance education society of professionals and NSEIT, a subsidiary of NSE have jointly launched “Test in the box”, (TBX), a first-ever model for pre-recruitment examination for prospective insurance agents, including those in the remote locations across the country. Read more

Digit Insurance Expands Partner Base Joins hands with Flipkart, Amazon and Policy Bazaar

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Digit Insurance—a new age insurance company which aims to “make insurance simple” today announced its partnership with Flipkart, Amazon and Policy Bazaar to launch various plans to protect new mobiles bought on Flipkart & Amazon, and International Travel & Motor Insurance plans bought on Policy bazaar. The plans offer wide range of features for customers to choose and as per their individual need.

 

Speaking about Digit’s partner expansion Jasleen Kohli, Chief Distribution Officer said, “We are excited about our association with Flipkart, Amazon and Policy Bazaar as it is completely in line with our vision to make insurance simple for our customers. In India, a lot of people buy phones as gifts for their family. Therefore, ours is an IMEI linked cover and it doesn’t matter who is using the phone, the device will still be covered. Another feature of our insurance is worldwide coverage as we understand that an increasing number of people are going abroad on holidays and they use their phones extensively. We believe, this partnership will also help in customer acquisition across the length and breadth of India.” Read more

Canara HSBC OBC Life Insurance and Radio Mirchi with Dia Mirza starts an initiative “meformycity”

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Dia Mirza with Mr. Anuj Mathur (Left to Right) for ME FOR MY CITY Campaign

Canara HSBC Oriental Bank of Commerce Life Insurance in partnership with Radio Mirchi today launched its “meformycity” campaign at Connaught Place, New Delhi to spread awareness about the need for a cleaner city. The launch event saw participation in making the city clean, graffiti depiction; flash mobs explain the concepts, and other artist’s performances. The initiative aims at encouraging people to keep their city clean and also to participate in being a part of the drive towards making the city beautiful with reflecting the great Indian spirit, art & culture on the walls of our cities. Read more

Max Life Insurance amongst the top 15 BFSI companies to work for in India

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Max Life Insurance, one of the leading life insurance companies in India, has been recognized as one of the top 15 ‘Best Workplaces in BFSI (Banking, Financial Services and Insurance Sector)’ in a study conducted by the prestigious Great Place to Work institute. What makes the recognition even more significant is the fact that more than 600 companies participated in the survey this year, out of which 55 were from the BFSI sector. The achievement is a testimony to Max Life’s values-driven culture and strong practices around employee engagement and talent development, which have been the bedrocks of sustained business success. Read more

Ola Pioneers a First-Of-Its-Kind In-Trip Insurance Program for Customers

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

In a big step towards enhancing customer experience, Ola, India’s leading and one of the world’s largest ride-sharing companies, launches a comprehensive in-trip insurance program for its customers across India. Extending the benefits of the ‘Chalo befikar’ insurance program to its customers, Ola becomes the FIRST smart mobility platform in the country to offer an in-trip insurance cover to its users, across all categories viz. cabs, auto, kaali-peeli, and e-rickshaw. Ola has partnered with Acko General Insurance Ltd and ICICI Lombard General Insurance Ltd to launch this program designed to benefit its customers across 110+ cities. A user booking an Ola ride can opt for an in-trip insurance cover while booking the ride at a premium of INR 1 for all intra-city travel; INR 10 for Ola Rentals; INR 15 for Ola Outstation.

 

The first-of-its-kind program is being rolled out for customers in major metros and will be scaled up to all cities, covering the entire base in the coming weeks. The comprehensive insurance program provides benefits in cases of loss of baggage or laptops, missed flights, accidental medical expense, ambulance transportation cover, and much more. The optional in-trip insurance program can be purchased through the Ola app. The claims can be made through the Ola app as well as the provider’s website, mobile app and, call center.

 

Vishal Kaul, Chief Operating Officer at Ola said, “We are thrilled to introduce in-trip insurance for our customers under the ‘Chalo Befikar’ insurance program. Just for INR 1, Ola customers can avail an insurance policy of INR 5 lakh which will also provide cover for missed flights, loss of baggage, loss of laptop, emergency hotel requirements, and many more.  The launch of this initiative, a first of its kind in India, reiterates our resolve of building customer-first solutions.” Read more

Cyber Insurance – How Indian business are taking it lightly

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Cyber Security has always been discussed but never given the importance that it deserves in the boardroom. However the situation seems to be changing post 2017, which saw cyber breaches of global scale and magnitude. Myths such as – only Information Technology companies are prone to cyber attacks and that fairly advanced nations like the United States and United Kingdom would be the main targets of hackers whereas countries like India would not be victims – were broken. It is time to address cyber security as a business risk, and not just a technology problem.

2017 saw hackers take down a Power Grid in Ukraine, ransomware attacks like WannaCry, Petya and NotPetya caused business interruption at ports, hospitals in UK were made to turn down patients since they lost access to their systems and the Equifax breach led to the data of 143 million customers – a number higher than Mexico’s total population – being compromised. Mondelez Inc., the world’s second-largest confectionary company, said its quarterly revenue growth would be reduced by 3 percent due to a recent global cyber attack.

India too was put on the global map after becoming the third worst hit country from the WannaCry attack, with more than 40,000 computers being affected. An Indian food startup’s breach was the 6th biggest globally in the first half of 2017, compromising data of 17 million users. The list just keeps growing. Read more

SonyLIV crafts a new short film In association with IndiaFirst Life Insurance

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

SonyLIV, the premium OTT platform of Sony Pictures Networks India (SPN) has crafted a new short film for IndiaFirst Life Insurance. The promotional film titled ‘Tera Mera Pyaar Amar’ is a humorous take on life after death and how the protagonist, who is now a ghost, has made sure he protects his family’s future in his absence. Read more

Shriram Life Insurance partners with SureBüddy to offer India free life insurance cover

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Shriram Life Insurance, the Life insurance arm of Shriram Group, announces a strategic partnership with SureBüddy. SureBüddy functions in the insuretech space and provides innovative financial solutions. Together, the companies will offer free insurance cover of Rs 50,000 to users, aligning to the Prime Minister’s National Agenda of a Digital India. Read more