Tag: Managing Director & CEO

Business World

Universal Sompo General Insurance and BSE EBIX join hands

Aug 15, 2020 by Gouri Achary 0 Comments #Ashishkumar Chauhan, #BSE (Bombay Stock Exchange), #Managing Director & CEO, #Sharad Mathur, #Universal Sompo General Insurance Company Ltd

Mumbai, August 15,2020: Universal Sompo General Insurance Company Ltd, a joint venture between Indian Bank, Indian Overseas Bank, Karnataka Bank, Dabur Investment Corp and Sompo Japan Insurance Inc, on 15th August 2020 announced its alliance with BSE Ebix Insurance Broking Private Limited (BSE Ebix), a joint venture between BSE (Bombay Stock Exchange), the first stock exchange of Asia and Ebix Fincorp Exchange Pte Ltd to sell General Insurance products using strong distribution network of BSE Ebix in a completely digitized environment. The partnership has been initiated with the offering of Universal Sompo’s recently launched Corona Kavach cover which is a short-term policy to cover COVID-19 related hospitalization expenses through certified Point of Sales Persons (PoSPs) of BSE Ebix. Presently BSE Ebix has more than 7,200 registered PoSPs, and is growing daily.

Due to the spike in the number of COVID-19 cases, Insurance Regulator IRDAI had asked insurers to design specialized products covering the treatment cost of coronavirus. Corona Kavach policy seeks to address this very need of the general public. The strategic association between Universal Sompo General Insurance and BSE EBIX will enable more people to avail insurance plans and protect themselves and their families against the deadly virus.

Corona Kavach policy can be purchased on individual or family floater basis for a period of 3.5, 6.5 or 9.5 months. It offers sum insured ranging from a minimum of Rs 50,000 to Rs 5,00,000 (in multiples of Rs 50,000) for hospitalization expenses related to Covid-19. The policy covers the cost of PPE kit, gloves, mask and other similar expenses incurred during the treatment of Covid-19. The policy also covers ICU and ventilator charges at hospitals. It also provides cover for Home Care Treatment Expenses including the cost of Pulse Oximeter and Oxygen cylinder if advised by Medical Practitioner.

On the occasion, Ashishkumar Chauhan, Managing Director & CEO, BSE (Bombay Stock Exchange), said “We welcome Universal Sompo on BSE Ebix technology platform and with this addition, we would be able to offer most customer-suited insurance covers across the country. We look forward to integrate the entire range of products of Universal Sompo which can be sold through our strong network of PoSPs to add value to our overall insurance products offering”

Sharad Mathur, Managing Director & CEO, Universal Sompo General Insurance Company Ltd, said “We are rapidly increasing our distribution network and collaboration with BSE Ebix shall prove to be a great achievement. We would be able to offer a bouquet of products ranging from Corona Kavach to Arogya Sanjeevani and a variety of covers in due course of time through the extensive and ever-increasing PoSP network of BSE Ebix. The product offering is completely digitized to provide best of the buying experiences to our customers through the network of BSE Ebix.”

Business World

‘BharatBenz Exchange’ Taps Used CV Market

Aug 8, 2020 by Gouri Achary 0 Comments #‘BharatBenz Exchange, #Daimler India Commercial Vehicles (DICV), #Managing Director & CEO, #Mr. Rajaram Krishnamurthy, #Mr. Satyakam Arya, #Vice President Marketing & Sales and Customer Service.

Daimler India Commercial Vehicles (DICV) today announced the launch of ‘BharatBenz Exchange’, its new offer to the used commercial vehicle segment. By leveraging its growing customer base and nation-wide dealer network, BharatBenz Exchange will supplement its existing new vehicle sales model by offering an exchange platform where customers can exchange their used vehicles of any brand for new or used BharatBenz vehicles.

Mr. Satyakam Arya, Managing Director & CEO, Daimler India Commercial Vehicles said, “As the number of BharatBenz owners rapidly increases, we feel it is the right time to tap the massive potential presented by the used commercial vehicle segment. We look forward to delivering BharatBenz’s superior quality, service and TCO to an even larger customer base.”

BharatBenz Exchange will provide buyers with a carefully-picked pool of used trucks that have undergone thorough quality checks, made available via its nationwide dealership network.

“With BharatBenz Exchange, used vehicle sellers and buyers no longer have to haggle over the right price or worry about incomplete paperwork. Our trained experts will ensure that both parties have the best customer experience. We see enormous potential here to show even more customers the quality of BharatBenz products and services. This also ensures the complete lifecycle of the vehicle is Daimler India Commercial Vehicles, Corporate Communications taken care of,” added Mr. Rajaram Krishnamurthy, Vice President Marketing & Sales and Customer Service.

BharatBenz Exchange aims to provide customers with the best resale value and smooth management of the end-to-end documentation process for optimum customer satisfaction. The experts at BharatBenz will also support used vehicle buyers (both individuals and companies) with a large portfolio of vehicles suitable to their application by providing the right AMC and Extended Warranty options for their range of refurbished trucks. The team will even assist in identifying the right financing partner.

DICV is in the process of digitalizing services to better promote the used vehicle business. Interested buyers and sellers can check the BharatBenz used vehicle sections on www.bharatbenz.com and browse the catalogue. DICV is also looking into tie-ups with leading online Used Vehicle platforms and auction houses in order to reach a larger customer base.