Tag Archive for insurance

DHFL Pramerica Life Insurance organizes the second Behtar India Go Green City Summit in Kolkata

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

(L-R): Mr. Anshuman Verma, Chief Marketing & Digital Officer, DHFL Pramerica Life Insurance Co. Ltd.; Mr. Subhas Datta, Renowned Environmentalist; Ms. Ritika Jhanjhi, Television Anchor; Ms. Roopa Ganguly, Rajya Sabha MP; Ms. Sangeeta Thakral, Director - Communication and Marketing, Charities Aid Foundation India and Mr. Tushar Himatsinghka, Founder & CEO, Vital Waste

DHFL Pramerica Life Insurance has organized its second Behtar India Go Green City Summit at Birla High School, Elgin in Kolkata today after the grand success of its first city summit in Bangalore. The school earned the coveted distinction of hosting the Behtar India Go Green City summit by recycling 16400 kgs of waste, the maximum amount collected by any school in the city. The Heritage School is at the second place by recycling 13204 kgs of waste. With this, the second season of Behtar India campaign has moved into its second leg wherein the campaign is being taken across to 10 different cities such as Hyderabad, Chennai, Delhi, Mumbai, Kolkata among others. Launched last year, the Behtar India campaign supports the community to step forward and help itself in achieving better health, hygiene and environment standards. The eight month long campaign is focused on three main pillars– Health, Hygiene and Environment with recycling as its core theme. Read more

DHFL Pramerica Life Insurance appoints Ms. Kalpana Sampat as Sr. Executive Vice President & Chief Operating Officer

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

Ms. Kalpana Sampat

DHFL Pramerica Life Insurance, one of the leading life insurance companies in India, has appointed Ms. Kalpana Sampat as the Sr. Executive Vice President & Chief Operating Officer (COO) of the Company. In her new role, Kalpana will be responsible for further strengthening & transforming the operational delivery & process excellence capabilities of DHFL Pramerica Life Insurance.

 

Kalpana brings with her over 34 years of rich experience in the financial services sector in India, having served most recently as the CEO for Swiss Re India.

 

Announcing the appointment, Mr. Anoop Pabby, Managing Director & CEO, DHFL Pramerica Life Insurance said, “I am pleased to announce the appointment of Kalpana Sampat as an addition to the top management.  Kalpana is an accomplished leader who brings in a good mix of strategic thinking and operational excellence. Her Industry expertise will be a great asset as we chart the next steps in our strategic growth and expansion journey.” Read more

DHFL Pramerica Life Insurance sets up simplified claims settlement process for Kerala flood victims

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

DHFL Pramerica Life Insurance Co. Ltd. has set up a special helpdesk to service the beneficiaries of the policyholders affected by the ravaging floods in the state of Kerala. For the quick settlement of the claims, the company has simplified the claim documentation requirements and have appointed nodal officers to oversee the claim settlement process.

 

“Kerala is in the midst of an unprecedented rain fury which has caused havoc in the state. DHFL Pramerica Life Insurance is committed towards helping people affected by the floods in Kerala. To help the bereaved families, we have set up a “Flood Claims Helpdesk” and have appointed nodal officers for rendering pro-active services to the beneficiaries of the affected policyholders. The process of claim documentation has also been simplified in order to expedite the claim settlements quickly”, said Mr. Anoop Pabby, Managing Director and CEO, DHFL Pramerica Life Insurance. Read more

DHFL Pramerica Life Insurance and SVC Bank foray into a Bancassurance partnership

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

DHFL Pramerica Life Insurance, one of the leading life insurance companies in India recently entered into a Bancassurance partnership with SVC Co-operative Bank Limited, one of the oldest Urban Co-operative Bank in India for the distribution of specialized products to its customers. Under this agreement, SVC Bank will offer DHFL Pramerica Life Insurance’s customized products and solutions to its customers through its extensive pan India network of 198 branches as well as online network. The objective of this partnership is to offer easy access to simple life insurance products, thereby improving the insurance protection gap and strengthening the distribution network of DHFL Pramerica Life Insurance. Read more

Digit Insurance Raises a Record $44 Million in the Second Round of Funding

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

Digit Insurance, a new age insurance startup, which wants to make insurance simple, has raised $44 million in a second round of funding. Canadian billionaire Prem Watsa’s Fairfax Holdings has invested second round of capital ($45 million) in Digit Infoworks, a parent company for Digit insurance of which a significant part of the investment ($44 million) is given to Digit Insurance. The funding is the largest round in the Indian general insurance ecosystem. This investment brings Digit’s total funding to $94 million.

 

Digit Insurance plans to invest the funds in technology to drive its mission of making insurance simple.  A significant use of fund will also be invested in launching new lines of products and expansion of distribution network across the country.

 

Kamesh Goyal, Founder & Chairman, Digit Insurance said, “Our investors have shown confidence in our mission of Making Insurance Simple which is heartening. And this round of funding will further help us in doing that.” Read more

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