INSURANCE - CNN O TV

Indel Money Limited Launches Public Issue of up to Rs. 200 crores of Secured, Redeemable Non-Convertible Debentures (NCDs)

1Feb

By cnnotvadminNo Comments

BANK, INDIA, INDUSTRIES, INSURANCE, INTERVIEWS, INVESTMENT, ONLINE ALL, PRESS MEET, SOCIAL MEDIA

Indel Money Limited Launches Public Issue of up to Rs. 200 crores of Secured, Redeemable Non-Convertible Debentures (NCDs)

Indel Money Limited Launches Public Issue of up to Rs. 200 crores of Secured, Redeemable Non-Convertible Debentures (NCDs) Secured NCDs of face value of Rs.1,000 each The Issue includes a Base Issue Size for an amount of up to Rs.100 crores with an option to retain over-subscription up to Rs. 100 crores aggregating up to Rs.200 crores issue opens on Tuesday, January 30th, 2024 and closes on Monday, February 12th, 2024 Doubling of investment in 72 months – Option VIII Coupon yielding up to 12.25% per annum Secured NCDs with tenure ranging from 366 days to 72 months Minimum application size 10 NCDs (Rs.10,000) across all Options of NCDs Chennai, 31 January 2024 Indel Money Limited, one of the fastest growing NBFC in the gold loan sector, announced the 4th public issue of Se...

New drivers of export growth by Indian Pharma!

21Oct

By cnnotvadminNo Comments

ENGLISH, INDIA, INSURANCE

New drivers of export growth by Indian Pharma!

New drivers of export growth by Indian Pharma! by HDFC Asset Management Company Limited (HDFC AMC) India’s healthcare prowess is now well-recognised. With a lion’s share of 48% of all generic drugs sold in the US, I ndian generics are a key contributor in the US saving 1.6% of its GDP via use of generics and biosimilars. A growi ng global market has helped Indian exports of pharmaceutical formulations and biologicals grow at 8% CAGR in USD terms. The outlook for exports growth is enhanced by the current shortage of drugs in the US, expiring pate nts with large markets, and the potential growth in the biosimilars and contract development and manufacturing space. Growing strengths in manufacturing and research have solidified India’s position in the global market We would like to hig...

25Jul

By cnnotvadminNo Comments

ENGLISH, INSURANCE, PRESS MEET, TAMILNADU

ManipalCigna Health Insurance registers robust 37% increase in gross written premium

ManipalCigna Health Insurance registers robust 37% increase in gross written premium at ₹500+ Crore in South India in FY 22-23, expects market to double in the next 2 Years ManipalCigna Health Insurance continues to deepen its presence across India and the southern markets, with its innovative health insurance solutions The standalone health insurance company has 3,300+ network hospitals in South India and 8,700+ hospitals across the country As part of its expansion in the southern region, the Company aims at launching new branch offices and plans to hire more employees and nearly 10,000 agents in FY24 Chennai, July 25, 2023 – ManipalCigna Health Insurance, one of India's fastest-growing standalone health insur ance company, strengths its presence across India and southern ma...

The 30th Biennial Federal Council Meeting 2023 of NFI FWI(National Insurance Field Workers of India),

20Apr

By cnnotvadminNo Comments

ENGLISH, INSURANCE, PRESS MEET, TAMILNADU

The 30th Biennial Federal Council Meeting 2023 of NFI FWI(National Insurance Field Workers of India),

The 30th Biennial Federal Council Meeting 2023 of NFI FWI(National Insurance Field Workers of India), The 30th Biennial Federal Council Meeting 2023 of NFI FWI(National Insurance Field Workers of India), the Dev elopment Officers' Unit of L. I. C. of India, was held at Chennai Trade Centre on the 18th & 19th of April in which about 4000 Development Officers from all over the country participated. Hon. Minister for Jal Sakthi, Sri. Vinay Babu, All India President, NFIFWI, Sri. Vivek Singh, Secretary General, NFIFWI.\ Sri. G. Venkataramanan, Zonal Manager, R. Chandar, Regional Manager- L.I.C. of India were also present on the occasion. The objective of the F. C. Meeting was to analytically deliberate and discuss various developments that have en gulfed the cadre of De...

South India emerges as most financially protected region with a Protection Quotient of 47:

13Feb

By cnnotvadminNo Comments

ENGLISH, INDIA, INSURANCE

South India emerges as most financially protected region with a Protection Quotient of 47:

South India emerges as most financially protected region with a Protection Quotient of 47: Max Life’s India Pro tection Quotient 5.0 Survey Key Findings of the Survey · With a Protection Quotient of 47, the South zone is 4 points ahead of urban India’s overall IPQ of 43; continues to remain the top zone across India for five years · The South zone also boasts the highest LI ownership (78%) among other zones in IPQ 5.0 · Prioritizing ownership of savings and term plans over market-linked products, the zone reflects the country’s savings-first preference · While high premium remains the top deterrent for term plan purchase, operational concerns such as medical tests and poor insurer/agent service emerge as stronger barriers · S...

Tata AIA Life Insurance Expands New Fund Offering Suite

28Dec

By cnnotvadminNo Comments

ENGLISH, INDIA, INSURANCE

Tata AIA Life Insurance Expands New Fund Offering Suite

Tata AIA Life Insurance Expands New Fund Offering Suite – Introduces The Emerging Opportunities Fund A mid-cap focused fund with multi-cap flexibility, that invests in companies with high growth potential NFO with Unit Linked Products opens from 15th to 30th December 2022, at NAV of INR 10. Mumbai, December 2022: Tata AIA Life Insurance (Tata AIA) has announced range of new funds including Eme rging Opportunity Fund, that will invest in mid-cap companies and emerging market leaders with the potential to generate significant future growth. The applications for ULIP plans with New Fund Offering (NFO) window will remain open from 15th to 30th December 2022, at NAV of Rs. 10. Investments in the Funds can be made through Tata AIA’s ULIP offerings like Fortune Pro, Wealth Pro, Fort...

RITES, KOEL sign MoU to explore business avenues

20Dec

By cnnotvadminNo Comments

ENGLISH, INDIA, INSURANCE

RITES, KOEL sign MoU to explore business avenues

RITES, KOEL sign MoU to explore business avenues Gurugram, December 16th, 2022: RITES Ltd., the leading Transport Infrastructure Consultancy and Engineering company, signed a memorandum of understanding (MoU) with Kirloskar Oil Engines Ltd. (KOEL) to jointly explor e business opportunities for supplies/services in the areas of Export of Railway Rolling Stock, Infrastructure and Urban Transport for domestic and overseas markets. As part of the MoU, RITES will provide expertise in design, marketing, operation & maintenance, and any other support required for tapping business opportunities, while KOEL will be responsible for the development and manufacturing of customized products. Mr. Manobendra Ghoshal, Chief Strategy Officer (CSO), RITES, said, “The collaboration with KOEL will not ...

Max Life elevates customer experience with its innovative ‘VOX Speech’ AI Program

5Dec

By cnnotvadminNo Comments

ENGLISH, INSURANCE, TAMILNADU

Max Life elevates customer experience with its innovative ‘VOX Speech’ AI Program

Max Life elevates customer experience with its innovative ‘VOX Speech’ AI Program Chennai, December 5, 2022: Max Life Insurance Company Ltd. (“Max Life” / “Company”), has launched a pioneering ‘VOX Speech’ AI Program that leverages intelligent speech analytics and helps in extracting valuable customer insights from voice call data. It has helped the Company improve the customer buying and onboarding journey and to build a hyper-personalized customer experience. The program uses a language-based speech-to-text analysis model along with NLP (Natural Language Processin g) program to extract insights from customer and tele-caller voice interactions. These insights coupled with agg regating call engagement scores, script adherence, pitch effectiveness scores, and similar productivity me...

4Nov

By cnnotvadminNo Comments

ENGLISH, INSURANCE

ManipalCigna Health Insurance launches a new brand film,

ManipalCigna Health Insurance launches a new brand film, “Health Ki Keemat” starring brand ambassador Manoj Bajpayee Mumbai, November 3rd, 2022: ManipalCigna Health Insurance Company Limited, has launched a new brand film ‘Health Ki Keemat’ starring its brand ambassador, Padma Shri Awardee and ace actor Manoj Bajpayee. Through this brand film, ManipalCigna aims to reach out to potential buyers, seek deeper penetration into the market, an d highlight the value propositions people can expect when buying health insurance from the expert. The film em phasizes the significance of ‘Expert Ki Suno, Sahi Chuno’ and highlights the importance of seeking an expert to si mplify the choice, help choose the right health insurance plan to suit unique health needs, and to easily access quality healthcare...

Star Health extends cover for child cancer survivors;

4Nov

By cnnotvadminNo Comments

ENGLISH, INSURANCE, PRESS MEET, TAMILNADU

Star Health extends cover for child cancer survivors;

Star Health extends cover for child cancer survivors; proposes cover for their siblings Chennai, 4th November 2022: Star Health and Allied Insurance, in association with St Judes, today marked the completion of one year of providing cover to children who were diagnosed and treated for cancer, under the St. Judes programme called St. Judes for Life. Through this programme, the insurer aims to add an additional 500 children this year. Star Health also announced that it will soon be offering insurance to the siblings of children who survived cancer. The new policy which is being designed, would provide health and accident cover to these children. The unique initiative, initially founded in Memory of Mrs Rani Vicaji was launched a year ago i.e. 4th November 2021, and covered 326 child...