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Videocon Liberty rolls out personal accident plan for corporate

In order to tap the corporate markets, Liberty Videocon General Insurance Company launched a Group Personal Accident product. This product aims at tapping group, corporate,

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Last Updated - May 16, 2023
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In order to tap the corporate markets, Liberty Videocon General Insurance Company launched a Group Personal Accident product. This product aims at tapping group, corporate, association and institutional customers.

Liberty Videocon General Insurance Company, which is one of the latest entrants in the general insurance market, is a joint venture between Videocon Industries Limited and US based Liberty Citystate Holding Pte. Ltd – a Liberty Mutual Group. Videocon Industries hold 76% stake in the company, whereas Liberty Citystate holds remaining 26% shares. 

Mr. Roopam Asthana, Chief Executive Officer of the Company, at the time of the launch of the product, said that this product aims at supporting the growing center of attention on employee benefits by the companies and provide safety to them at the time of emergencies. 

The salient features of this product are under:

Low cost and affordable premium
Enhanced risk mitigating power of the assured
Ensuring financial stability in case of mis-fortune event of accident

Mr. Ashtana also revealed companies plan to roll out more such products that will cater to the needs of the various customers.

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