Announcing the launch, Mr. Sanjay Tripathy, Executive Vice President and Head, Marketing and Direct Channels, HDFC Life said, “HDFC Life Click2Protect is available in more than 750 cities across the country, the highest reach of an online term insurance plan in the industry. The objective of launching HDFC Life Click2Protect is to cater to the needs of informed customers based not only in metros, but in Tier 2 and 3 cities in the country.”

“HDFC Life Click2Protect is a Term Insurance Plan aimed at an informed customer who understands his/her liabilities, the extent of cover needed and is fairly conversant with online purchase practices. Click2Protect offers the convenience of experiencing a simple, fast, convenient, transparent, and cost-effective way of buying a life insurance plan,” Mr Tripathy added.

Apart from HDFC Life Click2Protect, HDFC Life also offers other online products such as HDFC SL Young Star Super II and HDFC SL Crest.

Other features of Click2Protect

HDFC Life Click2Protect Benefits

Death – On death during the policy term, the sum assured will be paid to the nominee. The policy will terminate.

Maturity – As it’s a pure term insurance plan no benefits are paid on maturity or surrender.

Tax Benefit – Section 80C of the Income Tax Act, 1961, subject to the provisions contained therein. Section 10 (10D), the benefits received from the policy are exempt from tax.
Discounts – Healthier individual and non tobacco user can avail cheaper premium rates.

Indicative premiums for various combinations of age, term and sum assured for a healthy male (non-tobacco user) are given below.

Entry Age Sum Assured / Policy Term: 20 Years
Rs. 25 Lakhs Rs. 50 Lakhs Rs. 100 Lakhs
30 3,350 5,100 9,000
35 4,675 6,400 11,300
40 6,975 9,150 16,200
45 10,750 14,150 25,300
Entry Age Sum Assured / Policy Term: 25 Years
Rs. 25 Lakhs Rs. 50 Lakhs Rs. 100 Lakhs
25 2,975 4,700 8,200
30 3,800 5,450 9,700
35 5,400 7,150 12,600
40 8,100 10,450 18,500
Entry Age Sum Assured/ Policy Term: 30 Years
Rs .25 Lakhs Rs .50 Lakhs Rs. 100 Lakhs
25 3,325 4,900 8,600
30 4,375 6,000 10,600
35 6,250 8,150 14,400
*all premiums are exclusive of service tax

About HDFC Life: HDFC Life, one of India’s leading private life insurance companies, offers a range of individual and group insurance solutions. It is a joint venture between Housing Development Finance Corporation Limited (HDFC), India’s leading housing finance institution and Standard Life plc, the leading provider of financial services in the United Kingdom.

HDFC Life’s product portfolio comprises solutions, which meet various customer needs such as Protection, Pension, Savings, Investment and Health. Customers have the added advantage of customizing the plans, by adding optional benefits called riders, at a nominal price. The company currently has 28 retail and 9 group products in its portfolio, along with 10 optional riders catering to the savings, investment, protection and retirement needs of customers.

HDFC Life continues to have one of the widest reaches among new insurance companies with about 500 branches servicing customer needs in over 700 cities and towns. The company has a strong presence in its existing markets with a strong base of Financial Consultants. For more information, please visit http://www.hdfclife.com.

Contact name: Mitali Bardoloi
Address: HDFC Standard Life Insurance Company Limited,
13th Floor, Lodha Excelus,
Apollo Mills Compound. N .M. Joshi Road,
Mahalaxmi, Maharashtra,
Mumbai – 400 011
Telephone No: 022- 67516666
Email: mbardoloi@hdfclife.com

Mumbai, December 9, 2011: SBI General Insurance, the general insurance arm of State Bank of India, has successfully garnered a Premium Income of Rs. 133.57 crore at the end of November 2011. SBI General commenced its operation in FY ‘11 and closed the financial year with a Premium of Rs.43.02 crore.
Commenting on the business achieved, Mr. R.R. Belle, MD & CEO, SBI General Insurance said, “SBI General Insurance commenced its retail business towards the end of last financial year and its SME business, in March 2011. The crossing of Rs.100 Crore Premium during October was an important milestone, riding on back of a strong corporate, retail & SME performance. It is a significant development as it is an outcome of our focus on select products.
The current financial year also saw the total number of policies issued by SBI General crossing 1.2 lakh mark. SBI General currently operates out of 20 locations pan-India and generates 52 per cent of its business from the retail segment. The corporate segment makes up for nearly 40 per cent of its business, while SMEs account for eight per cent.
Since its launch, the company has rapidly expanded its foot print to cover some rural areas as well. The rural sector accounted for 10% of its premium income in the first half of the financial year.

About SBI General Insurance
SBI General Insurance Company Limited is a joint venture between the State Bank of India and Insurance Australia Group (IAG), Australia’s leading general insurance provider. It serves three key customer segments i.e. retail segment that caters to individual and families, the corporate segment including mid to large size companies and the SME segment. Currently, SBI General covers motor and home insurance for individuals; fire, marine, package, construction and engineering, group health and miscellaneous insurance for businesses.

For further information please contact:
Freeda D’Souza |Akhila Natarajan
Hanmer MSL Communications Pvt. Ltd.
9892962607 | 9821689525
freeda.dsouza@hanmermsl.com|akhila.natarajan@hanmermsl.com

At the event conducted on 24th Novmber, 2011, Mr. Prasad Kulkarni, Associate Vice President – Claims and Mr. Venkatrao Kulkarni, Area Manager- Claims from HDFC ERGO General Insurance Co. Ltd distributed the claim cheques to farmers in Sonkatchh. Mr. Rajendra Singh Baghel, Ex-MLA was the chief guest for this event. Amongst the other key personalities, Mr. Ajay Singh Baghel, Ex- District President BJP & Mr. Narendra Singh Rajput, Member of Jilha Panchayat were also present for this event.

HDFC ERGO General Insurance jointly with CIRM (Center for Insurance & Risk management) & IFPRI (International Food Policy Research Institute) conducted a project during Kharif 2011 in Sonkatchh to insure farmers under Weather Insurance for Soybean crop. This cover was provided to compensate the loss that might occur due to heavy or deficit rainfall. “In line with the activities undergoing in other states; we are planning to intensify our efforts to scale up the index products in Madhya Pradesh”, Mr. Anuj Tyagi, Head – Corporate, Rural & Agri Business, HDFC ERGO General Insurance Co. Ltd.

About HDFC ERGO General Insurance Company Limited

HDFC ERGO General Insurance Company Limited is a 74:26 joint venture between HDFC Limited, India’s premier Housing Finance Institution, and ERGO International AG, the primary insurance entity of Munich Re Group. HDFC ERGO offers complete range of General Insurance products ranging from Motor, Health, Travel, Home and Personal Accident in the retail space and customized products like Property, Marine and Liability Insurance in the corporate space.
HDFC ERGO is the 4th largest private sector general insurance company in India as rated by IRDA. HDFC ERGO has been expanding its presence across the country and is today present across 71 cities with 80 branch offices with an employee base more than 1107 professionals. The company has a wide distribution network comprising of brokers, retail and corporate agents, bancassurance besides its own direct sales force.
HDFC ERGO has been assigned the rating of ‘iAAA’ by ICRA indicating its highest claim paying ability. The company also has ISO certification for its claim services.

ICICI Lombard has a loyal customer following, who have rated it as the Number #1 brand. It is also noted that users of other vehicle insurance companies also perceive ICICI Lombard as #1 compared to the competitors. On the basis of its superior performance, ICICI Lombard has been selected as the recipient of Frost & Sullivan’s 2011“Overall Best Vehicle Insurance Company” as per the choice of Indian vehicle owners.

The Frost & Sullivan Voice of Customer Award for Overall Best Vehicle Insurance Company is bestowed upon the organization that demonstrates excellence in customer service, documentation process, and claim management. In June-July 2011, Frost & Sullivan surveyed 1,588 vehicle owners (from mini, regular compact segment, super-compact and mid-size segment, and utility vehicle segment) who purchased their vehicle between 2007 and 2009, using a face-to-face survey methodology. Survey respondents were selected purposively across 10 cities viz. Delhi, Mumbai, Kolkata, Chennai, Bengaluru, Hyderabad, Pune, Chandigarh, Ahmedabad, and Jaipur. The respondents had to be the primary decision makers about purchase of vehicle, and preferably drive it themselves. Age of the respondents was between 18 and 55, and both male and female respondents were interviewed.

Mr. Bhargav Dasgupta, MD & CEO, ICICI Lombard GIC said, “We are delighted to receive this prestigious award of best vehicle insurance company from Frost & Sullivan. At ICICI Lombard, we constantly work towards delivering superior service and value to our customers. In the insurance industry, the “moment of truth” is when the customer makes a claim and we, at ICICI Lombard, take this aspect of servicing very seriously. It is always very encouraging and inspiring to know that our efforts are being recognized and applauded. We will continue to build on the momentum and cater to our customer requirements to the best of our ability”.

Mr. Anand Rangachary, Partner and Managing Director, South Asia & Middle East, Frost & Sullivan, said, “This Award conferred on ICICI Lombard is an acknowledgment of its best practices and their focused efforts to provide a comprehensive solution to the Indian four-wheeler owners. It has also adopted several unique programs like issuing online insurance policy, cashless claim in several garages, personal accident cover, and doorstep surveyor facility. ICICI Lombard’s easy documentation process, unparalleled customer service, and smooth claim services are some of the areas highlighted by the consumers and this has been recognized by Frost & Sullivan with this Award.”

The Vehicle Insurance market is getting increasingly competitive by the day, as banking and other financial services companies are foraying into this segment. To become a market leader, one has to be consistent and always come up with unique programs or services that would benefit the consumer. Some of the key benefits that ICICI Lombard is providing its customers include the digitally-signed policy issued immediately through an online facility; and access to nearly 3,000 garages for cashless claim across the country.

About Frost & Sullivan – “We Accelerate Growth”
Frost & Sullivan, the Growth Partnership Company, partners with clients to accelerate their growth. The Company’s TEAM Research, Growth Consulting, and Growth Team Membership empower clients to create a growth-focused culture that generates, evaluates, and implements effective growth strategies. Frost & Sullivan employs over 50 years of experience in partnering with Global 1000 companies, emerging businesses, and the investment community from more than 40 offices in six continents. For more information about Frost & Sullivan’s Growth Partnerships, visit http://www.frost.com.

About ICICI Lombard
ICICI Lombard GIC Ltd. is a 74:26 joint venture between ICICI Bank Limited, India’s second largest bank with consolidated total assets of over USD  91  billion at March 31, 2011 and Fairfax Financial Holdings Limited, a Canada based USD 30 billion diversified financial services company engaged in general insurance, reinsurance, insurance claims management and investment management.

ICICI Lombard GIC Ltd. is the largest private sector general insurance company in India with a Gross Written Premium (GWP) of Rs. 4,734.89 crore for the year ended March 31, 2011. The company issued over 56 lakh policies and settled over 81 lakh claims and has a claim disposal ratio of 99% (percentage of claims settled against claims reported) as on March 31, 2011.

The company has been assigned a domestic rating of ‘iAAA’ by ICRA (an associate of Moody’s Investors Service) for highest claim paying ability and a fundamentally strong position, for the fifth consecutive year. The company has been conferred the “Golden Peacock Innovation Award-2010″ for Rashtriya Swasthya Bima Yojana. It also received the “Skoch Financial Inclusion Award-2011″ in the micro finance category.

ICICI Lombard allows instant policy issuance and renewal through its website www.icicilombard.comfor all retail insurance products including Car Insurance, Health Insurance, Travel Insurance, Two Wheeler Insurance and Home Insurance. There are multiple payment options available including internet banking, credit card, debit card and cash card.

Media Contact: Frost & Sullivan
Ravinder Kaur
Corporate Communications, South Asia
P: +91 44 66814080
M: +91 99401 41714
E: ravinder.kaur@frost.com

Media Contact : ICICI Lombard
Manisha M
AVP – Corporate Communications
P: +91 22 61961461
M: +91 99204 05204
E: manisha.mehta@icicilombard.com

Frost & Sullivan    Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best in class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team� with disciplined research and best practice models to drive the generation, evaluation and implementation of powerful growth strategies.   Frost & Sullivan leverages over 50 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 40 offices on six continents.   To join our Growth Partnership, please visit http://www.frost.com.      This email, its content and any files transmitted with it are intended solely for the addressee(s) and may be legally privileged and/or confidential. If you are not the intended recipient please delete and contact the sender by return. Messages sent via this medium may be subject to delays, non-delivery and unauthorized alteration. This email has been prepared using information believed by the author to be reliable and accurate, but Frost & Sullivan makes no warranty as to accuracy or completeness.  In particular, Frost & Sullivan does not accept responsibility for changes made to this email after it was sent. Any opinions or recommendations expressed herein are solely those of the author. They may be subject to change without notice.

Star Union Dai-ichi Life Insurance company launches Suraksha Kavach, E-Life and SMS support services

• Continued life cover for up to three years from the date of first unpaid premium
• Additional protection with a built-in accidental death and total and permanent disability cover
• Option to attach an additional critical illness rider
• Unique benefit of simple reversionary bonus
• Option to back date the policy within the same financial year

Mumbai, Tuesday October 4, 2011: Star Union Dai-ichi Life Insurance has introduced its latest participating endowment insurance plan, Suraksha Kavach, with an aim to strengthen and extend their existing portfolio. The policy offers an innovative feature that allows you to continue life cover up to three years from the date of first unpaid premium, should you ever need to take a break from premium payment. Alongside this, Star Union Dai-ichi has also launched its latest customer service initiatives; a superior online platform ‘E-life’ which allows customers to directly connect with the company for managing their insurance policy online and SMS support service for customers.

Chriselle Bayross

Image Manager

Perfect Relations Pvt. Ltd.
322, Mhatre Pen Bld., B-Wing, Senapati Bapat Marg,
Dadar (W), Mumbai – 400 028
Tel: 91-22-24367155, Fax: 91-22-24384564

Commenting on this initiative, Mr. Rajendra Ghag, Executive Vice President, HR, HDFC Life, said, “As an organization, we believe that we should go beyond business to make a meaningful difference to communities in which we operate, through our services to the needs of the society.  ‘Swabhimaan’ is an initiative by HDFC Life to create a difference that we make on communities, the economy, the environment and the people. “

“We have always believed that establishing a strong and ethical foundation is an essential requirement for long-term sustainable growth. Integrity and people care are two of our key fundamental values which we follow,” Mr Ghag added.

This activity was planned by the HR with the help of all the business channels, operations, training to create awareness towards social responsibility. It was conducted as part of HDFC Life’s CSR initiative – Swabhimaan - that aims to improve and enhance the quality of life of communities in which the company operates thereby helping to create an equitable society.

About HDFC Life

HDFC Life, one of India’s leading private life insurance companies, offers a range of individual and group insurance solutions. It is a joint venture between Housing Development Finance Corporation Limited (HDFC), India’s leading housing finance institution and Standard Life plc, the leading provider of financial services in the United Kingdom.

HDFC Life’s product portfolio comprises 28 retail and 9 Group solutions, which meet various customer needs such as Protection, Pension, Savings, Investment and Health. Customers have the added advantage of customizing their plans, by adding optional benefits called riders, at a nominal price.

Apart from several retail and group products in its portfolio, the company also has five optional rider benefits catering to the savings, investment, protection and retirement needs of customers. HDFC Life continues to have one of the widest reaches with more than 500 branches servicing customer needs, along with a strong base of Financial Consultants. For more information, please visit www.hdfclife.com.

]]> http://www.indiaprline.com/2011/09/22/hdfc-life-makes-a-difference-in-jamshedpur-through-%e2%80%98ek-disha%e2%80%99/feed/ 0 http://www.indiaprline.com/2011/08/24/irda-selects-mahindra-satyam-for-a-system-integration-project-implementation/ http://www.indiaprline.com/2011/08/24/irda-selects-mahindra-satyam-for-a-system-integration-project-implementation/#comments Wed, 24 Aug 2011 07:42:00 +0000 admin http://www.indiaprline.com/?p=47933

 IRDA Selects Mahindra Satyam for a System Integration project implementation

Hyderabad, August 18, 2011 – Mahindra Satyam, the leading global consulting and IT services Company, today announced that it has been selected by Insurance Regulatory and Development Authority of India (IRDA). The company will be developing a System Integration (SI) driven solution for IRDA to issue license for its surveyors. This solution will facilitate the surveyors to register online and view their status of the license.

The Integrated Surveyor License Management System (ISLMS) will help automate the surveyor monitoring system for the regulatory body and also allow it to track the performance of surveyors, empanelled companies and claims handled by them.

Speaking at the occasion, Hemant Dabke, Vice-president and Head of enterprise business said, “We thank IRDA for reposing their confidence in us and we look forward to working with them yet again. We have a great sense of pride in our association with IRDA and respect them for driving technology transformation in the Indian Insurance arena,”

This win is in line with the Company’s growth strategy for the region. This is a multi-year project which was awarded basis the innovation quotient demonstrated by the company and a second win for Mahindra Satyam and IRDA.

About Mahindra Satyam

Mahindra Satyam is a leading global business and information technology services company that leverages deep industry and functional expertise, leading technology practices, and an advanced, global delivery model to help clients transform their highest-value business processes and improve their business performance.

The company’s professionals excel in enterprise solutions, supply chain management, client relationship management, business intelligence, business process quality, engineering and product lifecycle management, and infrastructure services, among other key capabilities.

Mahindra Satyam is part of the $12.5 billion Mahindra Group, a global federation of companies and one of the top 10 business houses based in India. The Group’s interests span automotive products, aviation, components, farm equipment, financial services, hospitality, information technology, logistics, real estate and retail.

Mahindra Satyam development and delivery centers in the US, Canada, Brazil, the UK, Hungary, Egypt, UAE, India, China, Malaysia, Singapore, and Australia serve numerous clients, including many Fortune 500 organizations.

For more information: www.mahindrasatyam.com

Follow us on Twitter: http://twitter.com/mahindra_satyam

For clarifications, write to us at: MediaRelations@mahindrasatyam.com

Tata AIG General Insurance Company Limited wins awards at Indian Insurance Awards

Mumbai, June 9th, 2011: At an awards ceremony organized by India Insurance Review, Tata AIG bagged 2 prestigious awards, 1 each in the health and general insurance category.

India Insurance Review and Celent presented the India Insurance Awards 2011 – the awards were presented to the Indian insurance industry in a glittering ceremony held at the Intercontinental Hotel in Mumbai this evening.

The jury consisted of Mr S B Mathur, Secretary General, Life Insurance Council; Mr S L Mohan, Secretary General, General Insurance Council; and Mr Vepa Kamesam, Managing Director, Institute of Insurance and Risk Management (jointly promoted by IRDA and AP Government).

Tata AIG General Insurance Company was awarded the following awards for the year 2010-2011

Company of the Year Award 2011 for Health Insurance and Best Product Innovation Award 2011 in the general insurance category

TAGIC was awarded the Company of the Year Award 2011 for Health Insurance segment during the Indian Insurance Awards. This award was to recognize the company that stood out amongst its peers in terms of Revenue growth, Profitability, Innovation & Customer service.

Mr.Gaurav Garg, MD of Tata AIG General Insurance Company said, “The award reinforces our perception as a strong health insurance company as evidenced also by the HT MaRs Customer Satisfaction Survey (results published in March, 2011) which ranked us as No.1 in customer service satisfaction and No.2 in claims settlement satisfaction. This perception is likely to be buttressed by our imminent entry into the mediclaim space as we await IRDA’s approval for the Mediprime product. It is a testament to our wide and strong product range of benefit based secondary medical insurance products that have not only delivered a profitable business line but also awards from the industry and a high degree of customer satisfaction. Our dominating presence in the Overseas Travel Insurance which is perceived as an Overseas Mediclaim also contributes in no small bit to our position.”

Tata AIG’s current health insurance portfolio consists of the following products

1. Wellsurance (Executive, Family and Woman version) – A comprehensive, fixed benefit hospitalization, surgical and critical illness plan that offers guaranteed insurability at renewal for whole life.
2. Accident and Sickness Hospitalization Cash Plan – pays a fixed daily hospitalization cash benefit based on number of days of hospitalization
3. CritiCare – Pays a fixed lump sum benefit in the event of diagnosis of any of the select critical illnesses.

TAGIC was also recognized with the Best Product Innovation award amongst General Insurance players in the Indian Insurance Awards. The recognition was for Private Client Group Home secure Policy that was launched in August 2009. It is a unique product catering exclusively to the High Net Worth client’s need of insuring their high value possessions such as paintings, valuables, work of art, jewelry, collectibles etc. It offers packaged cover for the entire home contents including above items with first in the market covers such as hole in one expenses, loss in value for fine art, pairs and sets, etc.

Additional services are offered along with the insurance cover e.g vulnerability assessments, transit supervision, conservation and storage assistance.

• Dual Benefit: Endowment Policy + Whole of Life Policy with an inbuilt Accidental Death Benefit Rider
• Minimum Reversionary Bonus: Rs. 30 per Rs. 1000 of Sum Assured p.a. for all bonuses declared till 31 March 2021
• High Sum Assured Discount: A discount of 5% on the basic premium for Sum Assured of Rs 5 Lakh and above

Mumbai, June 1, 2011: HDFC Life, one of India’s leading life insurance companies, today launched Sampoorn Samridhi, a ‘with profit’ traditional product. Sampoorn Samridhi is a product that offers the benefits of both an Endowment Plan and a Whole Life Plan.
The key highlight of the product is that a customer can opt for any of the Maturity Benefit Options as below:
(a) Enhanced Cash Option: Enhanced maturity amount at the end of policy term
OR
(b) Enhanced Cover Option: Maturity amount at the end of policy term + additional Sum Assured on death up to the age of 99 years
Commenting on the launch of Sampoorn Samridhi, Mr Paresh Parasnis, ED & COO, HDFC Life, said, “We design products that are in line with our customer centric approach. HDFC Life Sampoorn Samridhi is a flexible and affordable life insurance product for all customer segments, which offers a lump sum payout at the end of the selected term to fulfill long term goals. It also gives an opportunity to customer to create a corpus for his loved ones through Enhanced Cover Option.”
“HDFC Life Sampoorn Samridhi provides the flexibility in premium paying frequency – monthly, quarterly, half-yearly and annual as well as the options in deciding the term of the policy. Customers whose Sum Assured is Rs 5 lakhs and above can avail of a discount of 5% on the basic premium”, Mr Parasnis added.

About HDFC Life:
HDFC Life, one of India’s leading private life insurance companies, offers a range of individual and group insurance solutions. It is a joint venture between Housing Development Finance Corporation Limited (HDFC), India’s leading housing finance institution and Standard Life plc, the leading provider of financial services in the United Kingdom.
HDFC Life’s product portfolio comprises 29 retail and 5 Group solutions, which meet various customer needs such as Protection, Pension, Savings, Investment and Health. Customers have the added advantage of customizing their plans, by adding optional benefits called riders, at a nominal price.
Apart from several retail and group products in its portfolio, the company also has five optional rider benefits catering to the savings, investment, protection and retirement needs of customers. HDFC Life continues to have one of the widest reaches with more than 500 branches servicing customer needs, along with a strong base of Financial Consultants. For more information, please visit www.hdfclife.com.

Edelweiss Tokio Life Insurance is registered by IRDA to carry on life insurance business - Operations to commence in July 2011-

The objective of Business Analysis Sensitization Program is to sensitize program participants, Business Analysts an industry Professionals about the Business Analysis discipline. It aims to support the Business Analysis discipline by developing awareness and importance of Business Analyst Profession. This program covers Business Analysis, Business Analysis Tools and Techniques, Unified Modeling Language (UML), Business Analytics, Business Process Mapping, Requirements engineering and Management, Solution Design, Systems Thinking, Software Product Management, Case Studies.

Further details about this program can be obtained from http://www.qbi.in/Business_Analyst_Sensitisation_Program.php or calling at 91-8800436029

About QBI Institute: QBI Institute focuses on Quality, Business Analysis and Implementation Disciplines. It is through these three specialization areas QBI wishes to achieve Business Excellence for its program participants and clients. It also provides consultancy and Business Analyst on hire services to its clients spread the world over. At QBI our focus industries are Software, Hardware and Electronics and Services. The flagship program of the Institute is Certified Software Business Analyst Program which is available in both on campus and distance learning modes. The Institute follows a practitioners approach and conducts Industry workshops and seminars on a routine basis. In addition to IT / Software Business Analyst training through classroom, weekend, distance and e-learning modes the Institute regularly conducts online programs, certification courses, webinars, on campus workshops and seminars in areas like requirements Engineering, ERP Implementation, UML, Use Case Methodology, Agile Methods, Software Quality etc. Further details about the Quality, Business Analysis and Implementation Institute can be obtained from its web portal www.qbi.in.

Hyderabad, February 16, 2011: Seeking to insure the consumption-heavy generation from possible future shocks and to help them keep pace with inflation, one of the fastest growing private insurers, IDBI Federal Life Insurance has launched Retiresurance® Guaranteed Pension Plan, a unique retirement plan which comes with the twin benefits of guaranteed accumulation with attractive annuities.

IDBI Federal Retiresurance® Guaranteed Pension Plan is a non participating traditional deferred pension plan designed to help customers secure their lifestyle post-retirement, Guaranteed.

Retiresurance is a unique product that not only helps accumulate money for a comfortable retirement but also guarantees a steady growth of investment. For every premium paid, the plan guarantees a return that helps build a corpus. Ensuring transparency, returns to this corpus are linked to the prevailing G-Sec rate and this allows the customer to know the exact maturity for every premium paid. Each installment premium paid has a guaranteed maturity value which is payable on the vesting date.

The premium payments for the accumulation phase can be 10, 15, 20 or even 25 years.  At the end of the policy, the plan also guarantees a further loyalty addition.

Mr. G V Nageswara Rao, MD & CEO of IDBI Federal Life Insurance, said: “It is difficult to predict the future. But with the increase in life expectancy, many Indians could be spending a good 20 to 25 years of their life in retirement. This could probably be the time for them to face the harsh reality of outliving their savings. There is a strong need to plan for a guaranteed corpus that can result in guaranteed regular income. We at IDBI Federal have designed Retiresurance to suit these definitive needs of people, post retirement. The product offers a guaranteed corpus for every premium paid; moreover if the customers continue the policy till maturity, the plan offers guaranteed loyalty additions.

India has the world’s largest young population. Various research reports say 72% of the Indian population constitutes of people below 39 years, with 32% between 20-39 years with a high consumption potential. With rising life expectancy and growing lifestyle diseases, we feel that this generation should plan to save not only for their immediate future but for their life after retirement as well,” he said.

The policy holder can receive part of the maturity benefit as a lump sum and invest the remaining in an annuity which will ensure a regular income for life. Alternatively, the customer could purchase an annuity with the entire maturity benefit and get a higher and regular income for life.

Retiresurance also comes with a death benefit to ensure that the policy holder’s nominee gets money which could be the higher of either the premiums paid along with a 5% compounded interest or the special surrender value.

The company will promote this product through a new television ad for the product; catch the new Retiresurance TV Ad on www.idbifederal.com

Having started in March 2008, IDBI Federal is one of the fastest growing new insurance companies with over 2.60 lac policies issued and a Sum Assured of Rs 13,647 Crore. It has launched several innovative plans like Wealthsurance®, Homesurance®, Bondsurance™, Microsurance®, Termsurance®, Incomesurance™ and Healthsurance®.

Mumbai, February 15, 2011: HDFC Life, one of India\’s leading life insurance companies, today announced the launch of its new marketing campaign on Children’ Plans.

Announcing the launch, Sanjay Tripathy, EVP & Head – Marketing & Direct Channels, HDFC Life said, \”Every parent\’s priority is securing the child\’s future and being able to meet their dreams and aspirations. Costs are increasing rapidly and providing quality education is getting expensive. HDFC Life, having successfully differentiated their brand all these years, with this campaign takes on the larger objective of building a category for Children’s plans. It intends to trigger the need for financial planning for children in parents who hitherto have not given it the due importance in helping them aid their child\’s future financial needs or have been oblivious of the competitive realities in today\’s world.”

Commenting on the creative idea Mr. Tripathy added, “Keeping up with the competitive scenario, students these days are consistently performing well in academics resulting in higher number of applications as compared to seats available. Recent media reports indicated that India’s gross enrolment ratio is only 12.4%, which is abysmally low as compared to the global average of 27%. The insight for this campaign is rooted  from the realities which parents of grown up children face today – despite their children excelling academically, the child is forced to compromise on career paths as parents can\’t afford professional courses or premium institutions.”

K.V. Sridhar, National Creative Director, Leo Burnett, said, \”In today\’s competitive environment with increasing education expenses a child\’s best efforts may still not be enough to guarantee him a seat or admission into prestigious institutes. A parent\’s role, therefore, has increased manifold to support the child in achieving his dreams.  Thus, it was imperative to make the parents realize that in order to secure their child\’s tomorrow they have to plan today.\”

The campaign that sprouted from this idea sees the father proudly showing his daughter\’s report card with \’A+\’ grades to his friend (Avi). Congratulating his friend’s daughter, Avi inquires his friend with concern on what has he planned for his daughter\’s future. To which the father confidently replies that she\’s capable to achieve her own dreams. Avi, acting as the protagonist, elaborates on the current competitive scenario and inflationary educational costs where good grades are not enough to guarantee admission in a premium institution. The father realizes the gravity of the situation and realizes that he has to plan today to secure his daughter\’s future financial needs – a thought articulated as “Kal Ki Socho, Sar Utha Ke Jiyo” in a powerful surround campaign. The uniqueness of this campaign is that it manages to address the issue of \’uncertainty\’ & \’need to plan for future\’ in a very light hearted manner and yet delivers the message effectively. At the same time, retains the core essence of the brand i.e. \’Self Respect\’ & \’Financial Independence\’.

HDFC Life plans to take its new campaign through different platforms and intensify the brand experience. Apart from television, this film will be supported by other mediums such as print, radio, OOH, Internet, mobile. This campaign will additionally be supported through its huge activation platform, HDFC Life Spell Bee, which is being carried across 25 cities in more than 1200 schools reaching out to around 5 Lakh school children.

Campaign Credits:

Creative agency – Leo Burnett, Mumbai

Creative Director – Rupesh Kashyap

Copywriter – Rupesh Kashyap, Nitesh Tiwari and Kumar Suryavanshi

Art Director – Reema Noronha

Production House – White Onion Films

Director – E Niwas

About HDFC Life:

HDFC Life, one of India’s leading private life insurance companies, offers a range of individual and group insurance solutions. It is a joint venture between Housing Development Finance Corporation Limited (HDFC), India’s leading housing finance institution and Standard Life plc, the leading provider of financial services in the United Kingdom.

HDFC Life’s product portfolio comprises 25 solutions, which meet various customer needs such as Protection, Pension, Savings, Investment and Health. Customers have the added advantage of customizing their plans, by adding optional benefits called riders, at a nominal price.

Apart from several retail and group products in its portfolio, the company also has five optional rider benefits catering to the savings, investment, protection and retirement needs of customers. HDFC Life continues to have one of the widest reaches with more than 500 branches servicing customer needs, along with a strong base of Financial Consultants.

Mumbai, January 6, 2011: HDFC Life, one of India’s leading life insurance companies, today launched ProGrowth Flexi, a smart Unit Linked Insurance Plan with minimum monthly premium of Rs. 2,500. A highly affordable product, HDFC SL ProGrowth Flexi comes with 30-day Free Look-in, flexible premium payment options, five investment funds, and the flexibility to change premium paying term.

Announcing the launch of HDFC SL ProGrowth Flexi, Mr. Amitabh Chaudhry, MD and CEO, HDFC Life, said, “We continue to listen to our customers and design products that are flexible to meet their needs. HDFC SL ProGrowth Flexi is targeted at those set of customers who are seeking a life insurance plan that is affordable and flexible and at the same time provides value. The product offers several flexibilities to customers that can be chosen based on their needs and appetite. Apart from the normal life cover, HDFC SL ProGrowth Flexi also provides extra life cover with accidental death benefits option. ”

“In line with our customer centric approach, for the first time in the industry, HDFC Life offers 30 day Free Look-in. As ULIPs are the under the new regulatory regime are different, we believe that the customers may need time to get familiar with the new generation of ULIPs and fully comprehend the benefits available under the policy,” Mr. Chaudhry added.

Flexible features of HDFC SL ProGrowth Flexi

Premium Payment Option: Annually / Half-yearly / Monthly

Premiums and Level of Protection

Life and Extra Life option

Five Investment Funds

• Short Term Fund – a pure debt fund that aims to deliver stable returns by investing in the short end of the yield curve to limit the risk profile of the fund and assure safety of capital.
• Income Fund – aims to provide high potential returns through investment in high credit quality debt instruments while maintaining an optimal level of interest rate risk.
• Balanced Fund – aims to generate high returns through a dynamic allocation of investments in Debt and Equity Securities to combine stability of Debt instruments with long-term capital appreciation potential of Equities.
• Blue Chip Fund – aims to provide medium to long-term capital appreciation by investing in Large Cap equities.
• Opportunities Fund – aims to generate long-term capital appreciation by investing predominately in Mid Cap stocks.

Premium Paying Term

• Offers flexibility to change premium paying term after successfully paying premium for the first 5 years.

Others Features

Attractive Premium Allocation Rates of 92.5 for the first year and 100% from 6th year onwards

Entry and Maturity Age: Minimum age at entry is 14 years and maximum age is 65 years and maximum age at maturity is 75 years. If you choose the Accidental Death Benefits option, minimum age at entry is 18 years and maximum age is 55 years and maximum age at maturity is 70 years.

Tax Benefits: This plan is eligible for tax benefits under the Income Tax Act of 1961. Currently, Section 80C benefit is available for the premium paid into the plan subject to the limits in that section. Benefits received under Section 10 (10D) will be exempt from tax subject to the limits contained therein.

About HDFC Life:

HDFC Life, one of India’s leading private life insurance companies, offers a range of individual and group insurance solutions. It is a joint venture between Housing Development Finance Corporation Limited (HDFC), India’s leading housing finance institution and Standard Life plc, the leading provider of financial services in the United Kingdom.

HDFC Life’s product portfolio comprises 25 solutions, which meet various customer needs such as Protection, Pension, Savings, Investment and Health. Customers have the added advantage of customizing their plans, by adding optional benefits called riders, at a nominal price. Apart from several retail and group products in its portfolio, the company also has five optional rider benefits catering to the savings, investment, protection and retirement needs of customers. HDFC Life continues to have one of the widest reaches with more than 500 branches servicing customer needs, along with a strong base of Financial Consultants.

An intensive 5 days Executive Development Programme will be conducted by Prof. Howard J. Bolnick (Former Adjunct Professor Kellogg School of Management, An International Authority on Healthcare, Past President, Society of Actuaries, USA) in Mumbai from Jan 31, 2011 to Feb 04, 2011

This is a great opportunity for corporate/individuals to upgrade the skills so that you can benefit from the growth in Health Insurance Industry.

We are convinced that market will grow at a fast pace but the competition will also increase tremendously and it is going to be the survival of the fittest in this competitive environment.
Only the well trained individuals or the corporate employing well trained individuals will survive. Realizing this need IFI has organized this programme for the second time.

What you can expect?

The Executive Development Programme on Insurance Market Behaviour & Health Insurance will provide you with a comprehensive, multifunctional perspective on how to understand the changes occurring in the Indian health insurance environment and how to drive growth through product innovation, cost control, application of technology so that it can lead to customer satisfaction of large number of customers located all over the country. You will learn from global as Indian thought-leaders through case studies and exercises that will help instill key concepts that you will be able to apply in your workplace and magazine the impact you will make in your company when you return to work after attending this certificate programme.

Faculty: Prof. Howard J. Bolnick will be supported by the renowned experts comprising
•Mr. S. B. Mathur •Mr. S. L. Mohan •Mr. M. Ramadoss •Mr. S.K. Sethi •Ms. Mandeep Maini,
•Dr. V. Ranjan •Mr. Aloke Gupta & others, who will bring inputs from Indian environment/ consumer perspective.

Who should attend the programme?

This Programme is designed for executives, who want to acquire a deep understanding of the health insurance products, as well as a useful theoretical frame book and practical conceptual tools needed to design and manage health insurance products.

Executives can be from:
Health Insurance Companies, General Insurance Companies, Life Insurance Companies offering health products, Reinsurance Companies, Consulting Companies, Insurance Brokerage Firms & TPA’s, IT Co’s working in insurance domain.

Last programme
First programme was conducted in New Delhi from Nov. 23 to 27, 2009 and was attended by Senior Managers/Vice Presidents / CFO’s / CEO’s / Actuaries of leading Insurance Companies/ Reinsurance Companies / Consulting firms / Brokerage Firms. The programme was highly acclaimed and is now rated as one of the best MDP in Insurance in this part of the world.

Details are available on www.ifingo.org

Your Course of Study
An intensive Learning experience through a 5 days programme is equivalent to a full semester at what is taught in any reputed University or Management School (like Kellogg) in USA. A successful attendee will spend as much time in advance preparation focused on reading and projects in addition to lectures. Additionally, the programme allows participants the opportunity to interact with other leaders in the health insurance field and learn from their experiences as well.

After an introduction to the health insurance industry, the programme continues with topics on Insurance Market Behaviour & Health Insurance. Learning about the environment is vital to understanding how insurance companies design their health insurance products and manage their product portfolios.

Topics include:

• Risk shifting using insurance
• Insurance market behavior and market failure
• Health insurance environment
• Insurance market behavior and health insurance
• Health insurance in India – Target 2020
• Healthcare Technology
• Product Innovation
• Challenges in the Insurance Industry
• Means to improve quality of healthcare services in India
• Government sponsored health insurance schemes – status/critical analysis

Certificate
Those completing this programme will be presented with a certificate duly signed by Prof. Howard J. Bolnick, the primary faculty member of the programme.

Dates and fees
Duration: 5 days, non –residential
January 31, 2011 to February 04, 2011
Time: 9.30 AM to 5.30 PM
Location: The ORCHID Hotel, Mumbai Domestic Airport, Mumbai

Contact Details
Insurance Foundation of India
Om Plaza (1st Floor), 430/7, Sant Nagar,
East of Kailash, New Delhi – 110065 India
Phone : +91 – 9810090853, 011-46581577
Fax : 011-41623784,
E-mail : vp@ifingo.org
Website: http://www.ifingo.org

The popular portal on insurance www.bimabazaar.com is celebrating its 10th year of existence in December 2010. Launched from the house of The Insurance Times in the year 2000 the portal has come a long way and is widely referred by Insurance community for their online information needs on insurance.

Based on feedback received from the users the site has been thoroughly revamped and relaunched with lots of new resources on insurance which will be quite useful to the online insurance fraternity.

We have introduced a special classified advertisement section for intermediaries wherein they can place advertisement free of cost. The readers can also contribute articles, informations through the website. We have tried to cover all the important areas of insurance and the site will be updated continuously based on the feedback from users.

Commenting on the relaunch of the portal Mr R.G.Agarwala, Editor, The Insurance Times, said “The bimabazaar.com in its new format will be quite useful and handy for all persons looking for information on insurance sector. We are planning to build this portal as one of the biggest resource reservoir on insurance and we hope the insurance community will benefit a lot. ”

The portal is an initiative from The Insurance Times, the first monthly journal on insurance in India which has completed 30 years in publication. The Insurance Times group is a leading publication house on insurance books in India.

Editorial Contact:
Dr.Rakesh Agarwal
M.Com(BIM), PGJMC, LLB, FIII, MBA, ACA, Ph D
Associate Editor, The Insurance Times
25/1,Baranashi Ghosh Street, Near Girish Park, Kolkata – 700007
Phone 033 – 22184184/ 22696035
www.bimabazaar.com blog: www.insuranceindia.blog.co.in

The explosion in the holy town of Varanasi (between Shitla and Dashashwamedh Ghat on the bank of the river Ganges) on the evening of 07 December (killing a child and leaving at least 25, including some foreign tourists, injured) is another grim reminder that anti-India forces are working overtime to disrupt communal harmony and create widespread trouble. The blast, a handiwork of terrorists, took place when thousands of devotees and the foreign tourists had assembled at the ghat (bathing area on holy river bank) for having darshan of the Ganga Arti (a daily lamp ritual). Ammonium nitrate and timer was used (set at the time at which maximum crowds assemble at the ghats). Another IED, which was timed to be set off five minutes after the first one to cause casualties on fleeing public, was later recovered and diffused. Two other bombs have been recovered from nearby areas.
Terrorist group Indian Mujahideen has claimed responsibility for the blast saying that it is a response to Ayodhya attacks. In an email sent from Malad, Mumbai, they said, “let us feel the pain”.

Some people have been injured due to the blast and some others due to the consequent stampede which occurred due to the collapse of the railing.
The attack was rich in symbolism. Varanasi is the most visited pilgrimage city in India. It is located in the state of Uttar Pradesh (Ayodhya where Babri Mosque was demolished in 1992 is in the same state). Tuesday is the holy day with maximum crowds (including foreigners). It was the first Tuesday after 06 December. It may be recalled that in March 2006, over 20 people were killed and 60 injured in three explosions in Varanasi.

A high alert has been sounded across the state of UP and in major cities including New Delhi, Mumbai, Bangalore, Hyderabad etc.

What should corporations be telling their employees?

Terrorism and crime is becoming a reality of the times we live in. Post the incident a high alert has been issued across India. Corporations should warn their employees to be more vigilant, be aware of suspicious activities and suspect packages and report them.

• Avoid unnecessary travel. If still travelling be sure to take “in country briefing” and strictly follow “do’s and don’ts.”

• Don’t congregate in public areas. Always be aware of your surroundings. Only travel in appropriate transport and not on your own.

• Avoid passing through known pockets of influence of pro-Hindu groups (like Dadar in Mumbai) or minority ghettos (like Mahim etc. in Mumbai).

• Be extra vigilant; look for signs of trouble; err on the side of caution (in India situation can deteriorate rapidly and spin out of control).

• Avoid public places frequented by and popular with foreign nationals. Exercise high degree of caution especially at tourist sites and government installations. If in shops, sit away from shop windows and always be aware of exit routes.

• Always have a means of communication with you at all time, and make other aware of your whereabouts if travelling outside of you hotel etc.

• BCM and emergency response machinery should be extra prepared to pre-empt and respond adequately to events/incidents/emergencies/developments/intelligence.

•Try to be in areas where there is a security presence.

MitKat Advisory Services
1 / 19, Evershine Mall,
Mindspace, Malad (W),
Mumbai – 400 064, India.

Tel : T +91 22 4021 1904/05
M +91 98201 49538
+ 91 98201 26761

E-mail : contact@mitkatadvisory.com

Website: www.mitkatadvisory.com

IDBI Federal Life Insurance formally launched its branch at Madurai today. The branch is located at 45/1A1 Rajabarley Building, Ponmeni Nagar, Madurai.

IDBI Federal Life Insurance is one of India’s fastest growing new private life insurance companies having started operations in March 2008, leading with their new and innovative product ‘IDBI Federal WealthsuranceTM Milestone Plan’.

As on July 31st 2010, the company has issued over 2.13 lakh policies with over Rs 9819 Cr in Sum Assured. IDBI Federal Life Insurance already has a strong distribution network of over 1430 branches through their partner banks and intends to strengthen their distribution force further by aiming for 15000 distributors/agents this fiscal.

“Everyone wants to create wealth, but wealth creation does not happen by chance or accident. It needs a Plan. Wealthsurance™ Milestone Plan offers such a plan, which is very flexible and can be customised to an individual’s needs. The beauty of the Plan is that it can be insured not only against risk of death but against 17 major diseases, hospitalisation, disability, accidental injuries etc so that you can feel confident that your financial goals can be reached despite the surprises life may throw up.” said Mr G V Nageswara Rao, MD and CEO, IDBI Federal Life Insurance.

IDBI Federal Life Insurance Co Ltd is a joint-venture of IDBI Bank, India’s premier development and commercial bank, Federal Bank, one of India’s leading private sector banks and Ageas, a multinational insurance giant based out of Europe.

“WealthsuranceTM Milestone Plan”, our flagship product, is a unique combination that aims to help people reach their important goals in life with full confidence. The Plan not only allows its policyholder to invest according to their changing risk appetite; it also provides a host of insurance benefits to protect them against uncertainties, so that they don’t have to break their investment to meet sudden financial demands and their money can keep compounding. The insurance benefits offered by the Plan include Major Diseases Benefit in which lump-sum cash amount up to Rs. 20 lakhs is paid upon diagnosis of any of 17 specified major diseases. These include heart attack, coronary bypass surgery, cancer, stroke, paralysis, coma, brain tumor, renal failure, major organ transplant etc. Another benefit is Hospital Cash Benefit in which daily cash benefit up to a maximum of Rs. 5000 per day will be paid for each day of hospitalisation, irrespective of the amount actually spent. The claim process is simple since no bills have to be submitted but only proof of hospitalisation. Other benefits offered include accidental death and disablement benefit and waiver of all future premiums upon death or disablement.” Mr. Rao added.

IDBI Federal has recently launched Loansurance® Group Life Plan where a customer gets to cover their borrowers, be it a loan taken by individuals or by a business entity, against default in the unfortunate case of death of the person who is responsible for loan repayment. The company also recently launched Healthsurance® Hospitalisation and Surgical Plan a power packed plan with a host of benefits that help you manage the extra financial burden that comes with hospitalisation. Loansurance® & Healthsurance® are new additions to their stable of other innovative products like IncomesuranceTM Endowment & Money Back Plan which is a first of its kind combination product of endowment and money back that gives the customers unmatched transparency and competitive interest rates in relation to the changing market conditions, Homesurance® a protective cover for home loans, BondsuranceTM, for guaranteed returns with life insurance cover and TermsuranceTM Protection Plan, for customers looking for a flexible protection plan and large insurance cover at an affordable cost. IDBI Federal Life Insurance also offers MicrosuranceTM for affordable life insurance cover to groups and TermsuranceTM Grameen Suraksha, a low cost life insurance plan for rural markets.

Mr. Murali Iyer, National Head – Agency & Alliances, IDBI Federal Life Insurance, said: “Madurai is the capital city of ancient Southern civilization and is also known for its cultural heritage. This city is one of the important commercial centers in southern India. So, at IDBI Federal Life Insurance, we see a major opportunity in Madurai not only to expand our business through our distributor base but also to harness the alliances opportunities in the region. IDBI Federal, one of the fastest growing life insurance companies in the country, will also create employment as well as self-employment opportunities for staff and distributors respectively.”

About IDBI Federal Life Insurance
IDBI Federal Life Insurance Co Ltd is a joint-venture of IDBI Bank, India’s premier development and commercial bank, Federal Bank, one of India’s leading private sector banks and Ageas, a multinational insurance giant based out of Europe. In this venture, IDBI Bank owns 48% equity while Federal Bank and Ageas own 26% equity each. At IDBI Federal, we endeavor to deliver products that provide value and convenience to the customer. Through a continuous process of innovation in product and service delivery we intend to deliver world-class wealth management, protection and retirement solutions to Indian customers. Having started in March 2008, in just five months of inception we became one of the fastest growing new insurance companies to garner Rs 100 Cr in premiums. The company offers its services through a vast nationwide network across the branches of IDBI Bank and Federal Bank in addition to a sizeable network of advisors and partners. As on July 31st 2010, the company has issued over 2.13 lakh policies with over Rs 9819 Cr in Sum Assured.
Do visit www.idbifederal.com to know more

HDFC Standard Life Awarded ‘India’s Most Trusted Private Life Insurance Brand’ 2010. HDFC Standard Life company ranks 29th amongst the Top 50 Service Brands of 2010 in the ‘insurance’ category

Mumbai, India, September 7, 2010: HDFC Standard Life, one of India’s leading private life insurance companies, has been awarded ‘India’s Most Trusted Private Life Insurance Brand’ in the ‘Most Trusted Brand’ Survey 2010, conducted by Economic Times Brand Equity and the Nielsen Company.
On this achievement, Mr. Sanjay Tripathy, Executive Vice President, Marketing & Direct Channels, HDFC Standard Life said, “It is an honour to know that we are the top private life insurance company to feature in the Top 50 Service Brands’ list. We are immensely proud that we have received this award for features such as phenomenal awareness, familiarity, high equity, and unique proposition. This shows that our brand is special and popular, successfully continues to maintain a high level of quality, and evokes a feeling of confidence and pride amongst customers.”
The Most Trusted Brands Survey identifies brands that bond with consumers. These brands are not just the most familiar, but those that consumers believe provide quality and reassurance. Each brand was evaluated on seven parameters – level of quality, price, consideration, popularity, speciality and customer confidence.

This survey is the largest of its kind in India and was done across 13 cities and a total of 8,162 interviews among SEC A,B and C in Urban India were held.

About HDFC Standard Life
HDFC Standard Life, one of India’s leading private life insurance companies, offers a range of individual and group insurance solutions. It is a joint venture between Housing Development Finance Corporation Limited (HDFC), India’s leading housing finance institution and Standard Life plc, the leading provider of financial services in the United Kingdom.

HDFC Standard Life’s product portfolio comprises solutions, which meet various customer needs such as Protection, Pension, Savings, Investment and Health. Customers have the added advantage of customizing the plans, by adding optional benefits called riders, at a nominal price. The company has several products in its portfolio, along with five optional rider benefits catering to the savings, investment, protection and retirement needs of customers.
HDFC Standard Life continues to have one of the widest reaches among new insurance companies with 568 branches servicing customer needs in over 700 cities and towns. The company has a strong presence in its existing markets with a sound network of Financial Consultants.

IndiGo partners with Tata AIG General Insurance to launch Domestic Travel Insurance
Tata AIG Domestic TravInsure an add-on for IndiGo travellers aims to enhance customer experience

Monday, September 06, 2010: Tata AIG General Insurance Company Limited is all set to offer an insurance package called Domestic TravInsure to the passengers of Indigo Airlines, the award winning low fare airline, who travel on any route within its network. Available at a compelling price of Rs.129/- this service can be availed by IndiGo travellers who book their tickets on the official IndiGo website www.goindigo.in, starting August 24, 2010. Tata AIG Domestic TravInsure is designed to provide complete ‘emergency accidental medical reimbursement’ to passengers in case of any unforeseen incident and also includes other covers that help take care of routine worries associated with air travel.

Speaking on this tie up with Tata AIG, Aditya Ghosh, President, IndiGo said, “It is our endeavour to make customer experience the best it can be, and this partnership is another step towards that objective.

Tata AIG Domestic TravInsure is an offering that reflects what IndiGo stands for – low fares, yet an unmatchable customer experience. Domestic TravInsure, besides covering the passengers’ medical expense during any unforeseen incident, is affordable and optional too.”

In fact, the USP of this product is that it includes travel by all modes of transport within a validity period of 30 days from the date of travel. So, with this unique policy the customer is not only insured during the travel with IndiGo but during the entire trip.

Elaborating on the partnership, Mr. Gaurav D. Garg, CEO and Managing Director, Tata AIG General Insurance Company Ltd said “The Indian travel industry has been growing leaps and bounds in the last few years. Indians have become both time and convenience conscious. They now prefer to travel by air over other modes. As they travel more they also need to feel safe and secured. Tata AIG is happy to partner with IndiGo, one of India’s leading airlines. This tie up will help us reach out to the IndiGo customers, helping them travel worry free. This relationship will also help us strengthen our position in the domestic travel insurance market”

For IndiGo, a great customer experience is what determines success. To ensure a hassle-free and comfortable journey for its fliers, IndiGo also serves a wide range of food and beverage items, and offers an attractive collection of desirable in-flight merchandise for sale at compelling prices. It also gives its passengers the freedom to pre-assign seats and choose seats with extra legroom and avoid check-in lines with the use of Q-busters. Additionally, IndiGo today is the only Indian airline with a ‘boarding ramp’.