Thomas Cook signed an agreement with Bajaj Allianz General Insurance

Thomas Cook India Ltd, India’s largest integrated travel and travel related financial services company has entered into a tie-up through its subsidiary group Thomas Cook Insurance Services India Limited as a corporate agent of Bajaj Allianz General Insurance Company.

The partnership will give an edge to the leading private insurer in expanding its distribution network. Thomas cook will offer travel insurance plans and...  Read More »

Berkshire Insurance started with a big marketing campaign in March this year, giving its retail customers, a chance to meet and interact with the legendary Warren Buffet in India. Berkshire India is a majority owned non-direct subsidiary of Berkshire Hathaway Inc incorporated in India. They are a licensed corporate agent of Bajaj Allianz General Insurance Company Limited and sell insurance products of Bajaj Allianz directly to customers through their website. Warren Buffett is the Chairman of...  Read More »

Happy customers are the key ingredient for a successful recipe for all companies; the same holds true for the insurance industry. If a policyholder is unhappy either with the service that he gets from the insurance company, or with the product itself, or for any other reason; then his grievances must be tended to with utmost priority. This is the idea behind implementing an Integrated Grievance Management System (IGMS).

Insurance Regulatory and Development Authority (IRDA) is the monitoring...  Read More »

Royal Sundaram Alliance Insurance Company, in an effort to further step up its service to customers, announced its integration with the centralized grievance redressal mechanism of IRDA.
 

Policyholders can now air their grievances through this Integrated Grievances Management System (IGMS) and keep a track of the same. The insurer promises to respond to insurance complaints, raised by unhappy customers within a specified timeframe.
 

IGMS is a standard platform to all insurance companies...  Read More »

Future Generali is on a recruitment spree and is looking out for insurance agents and advisors in Maharashtra and West Bengal.

The company is aiming to recruit close to 4100 insurance advisors or agents Maharashtra this year. In West Bengal, Future Generali India Life Insurance Company is planning to recruit 3120 new insurance agents to sell life policies. At present in West Bengal, they have over 2900 advisors. With the addition of new recruits, their base will increase to 6050 advisors.

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Non-life insurance or General Insurance industry in India has long been regarded as a market with low penetration.

Standard & Poor (S&P), known to investors worldwide as a leader of financial-market intelligence, however said that "The Indian Non-Life Insurance Sector Is a Goldmine of Growth Potential."

According to their article, because of the low penetration levels, the non-life insurance sector in India has a substantial growth potential.

India’s youth population makes it a...  Read More »

Domestic and overseas travel insurance cover will be provided by ICICI Lombard to passengers travelling by Air India.

In an exclusive tie-up, ICICI Lombard will issue Group Travel Insurance Policy to Air India Express customers travelling within India and overseas.

Travel insurance cover ensures safety and well-being of customers. Group Travel Insurance cover is an instant online travel policy and it can simultaneously be bought while booking flight tickets on the airline’s website. The...  Read More »

Chola MS General Insurance received Best Insurance Company award for “in-time” claims settlement under Rashtriya Swasthya Bima Yojana Scheme (RSBY).  The award was presented by the Union Labour Ministry.

 
RSBY is the brain child of the Ministry of Labour and Employment, Government of India which was launched to provide health insurance to families that are below poverty line (BPL). Under this scheme the BPL families would have to pay only Rs 30 per annum to get health insurance benefits up to...  Read More »