Category: Insurance

IndiaFirst Life’s Business Performance in FY-2025 Improves Significantly Buoyed by a Remarkable Turnaround in H2

Posted on by City Today News (City today.media)


Performance Highlights as of 31st March 2025:

• Gross Premium Collection: INR 7,218 Crore 
• Retail New Business Annualized Premium Equivalent (APE): INR 1427 Crore | Growth: 4% over FY-2024
• Profit: INR 102.3 Crore | Two consecutive years of INR 100+ Crore of profit
• Claim Settlement Ratio: 98.4%, supporting over 41,660 families, with claims paid exceeding  INR 801 Crore
• Assets Under Management (AUM): INR 30,968 Crore
• Employee Recognition: Certified as a Great Place to Work for the 7th consecutive year by the Great Place to Work® Institute


Mumbai, 2025:IndiaFirst Life Insurance Company Ltd (IndiaFirst Life), one of India’s youngest private sector life insurers, has demonstrated resilience and strategic swiftness by closing FY-2025 on a strong note, despite a challenging start to the last fiscal.

Commenting on the organisation’s performance, Rushabh Gandhi, Managing Director & CEO, IndiaFirst Life, said, “FY-2025 has been a strong testament to our discipline, focused execution, agility, and #CustomerFirst approach. Our innovative thinking elevated us from being a predominant Bancassurer to a multi-channel distribution organisation. While we clocked a y-o-y growth of 4%, we are immensely proud of an industry-leading 78% y-o-y growth in Q4. We are committed to maintaining this high growth trajectory.”

The company reported a *Retail New Business APE of INR 1,427 Crore.* IndiaFirst Life consistently crossed the *INR 100 Crore mark in monthly retail APE for the last nine consecutive months*. We closed the year at 12th rank amongst private life insurers in the industry. The company’s *non-Bancassurance channels* posted a stellar 126% growth in Retail New Business APE, underscoring its successful diversification strategy. In its first year, our Agency channel, comprising of 32 branches and over *3,800 new advisors, generated a New Business APE of INR 106 Crore.*

With robust growth across channels, IndiaFirst Life is poised to build on this momentum in FY-2026. The company remains committed to innovation, customer-centric solutions, and sustainable growth.

City Today News 9341997936

ET ನೌ ಶೃಂಗಸಭೆಯಲ್ಲಿ  ಲಿಬರ್ಟಿ ಜನರಲ್‌ ಇನ್ಸೂರನ್ಸ್‌ಗೆ ಪ್ರಾಂಪ್ಟ್‌ ಇನ್ಸೂರೆರ್‌ ಗರಿಮೆ

Posted on by City Today News (City today.media)

ಬೆಂಗಳೂರು, ಡಿಸೆಂಬರ್ 27, 2024: ಇತ್ತೀಚೆಗೆ ನಡೆದ 2024 ರ ET ನೌ ವಿಮಾ ಶೃಂಗಸಭೆ ಮತ್ತು ಪ್ರಶಸ್ತಿಗಳು ಕಾರ್ಯಕ್ರಮದಲ್ಲಿ ಭಾರತದ ಪ್ರಮುಖ ಸಾಮಾನ್ಯ ವಿಮಾ ಕಂಪನಿಗಳಲ್ಲಿ ಒಂದಾದ ಲಿಬರ್ಟಿ ಜನರಲ್ ಇನ್ಶುರೆನ್ಸ್ ಸಂಸ್ಥೆಯು ತನ್ನ ಚುರುಕು ಸೇವೆಗಾಗಿ “ಪ್ರಾಂಪ್ಟ್ ಇನ್ಶುರೆರ್” ಪ್ರಶಸ್ತಿಯ ಗೌರವವನ್ನು ಪಡೆಯಿತು. ಈ ಮನ್ನಣೆಯು ಲಿಬರ್ಟಿಯ ಬದ್ಧತೆಯ ಕಾರ್ಯಾನಿರ್ವಹಣೆ ಮತ್ತು ಸಮಯೋಚಿತ, ಗ್ರಾಹಕ-ಕೇಂದ್ರಿತ ಕ್ಲೈಮ್‌ಗಳ ಇತ್ಯರ್ಥ ಗೊಳಿಸುವಿಕೆಯಲ್ಲಿನ ದಕ್ಷತೆಯನ್ನು ಒತ್ತಿಹೇಳುತ್ತದೆ.
ಮಾನ್ಯತೆಯ ಕುರಿತು, ಲಿಬರ್ಟಿ ಜನರಲ್ ಇನ್ಶೂರೆನ್ಸ್ ಸಂಸ್ಥೆಯ ಸಿಇಓ ಮತ್ತು ಪೂರ್ಣಾವಧಿ ನಿರ್ದೇಶಕರಾಗಿರುವ  ಶ್ರೀ. ಪರಾಗ್ ವೇದ್  ಮಾತನಾಡುತ್ತ “ಈ ಪ್ರಶಸ್ತಿಯು ನಮ್ಮ ಪಾಲಿಸಿದಾರರಿಗೆ ಸಮರ್ಥ ಮತ್ತು ಪಾರದರ್ಶಕ ಕ್ಲೈಮ್ ರೆಸಲ್ಯೂಶನ್‌ಗಳನ್ನು ಒದಗಿಸಲು ನಮ್ಮ ನಿರಂತರ ಪ್ರಯತ್ನಗಳನ್ನು ಪ್ರತಿಬಿಂಬಿಸುತ್ತದೆ. ಮೋಟಾರು ಮತ್ತು ಆರೋಗ್ಯ ವಿಮೆ ಎರಡರಲ್ಲೂ ನಾವು ಸಾಧಿಸಿದ ಫಲಿತಾಂಶಗಳು ಸೇವಾ ವಿತರಣೆಯನ್ನು ಸುಧಾರಿಸುವ ಮತ್ತು ಗ್ರಾಹಕರ ನಿರೀಕ್ಷೆಗಳನ್ನು ಪೂರೈಸುವ ನಮ್ಮ ಸಾಧನೆಗೆ ಸಾಕ್ಷಿಯಾಗಿದೆ. ತಂತ್ರಜ್ಞಾನವನ್ನು ಬಳಸಿಕೊಳ್ಳುವ ಮೂಲಕ ಮತ್ತು ಗ್ರಾಹಕ-ಕೇಂದ್ರಿತ ವಿಧಾನವನ್ನು ನಿರ್ವಹಿಸುವ ಮೂಲಕ, ನಮ್ಮ ಪಾಲಿಸಿದಾರರಿಗೆ ನಾವು ಒದಗಿಸುವ ಮೌಲ್ಯವನ್ನು ನಿರಂತರವಾಗಿ ಹೆಚ್ಚಿಸಲು ನಾವು ಬದ್ಧರಾಗಿದ್ದೇವೆ.” ಎಂದು ಹೇಳಿದರು.

ಕಂಟೆಂಟ್ ಮಾರ್ಕೆಟಿಂಗ್ ವಿಮಾ ಸೇವೆಗಳ ಅತ್ಯುತ್ತಮ ಬಳಕೆಗಾಗಿ ಸಂದ Finixx 2024 ಪ್ರಶಸ್ತಿಯು ತನ್ನ ಯಶಸ್ವೀ ಸ್ವಾತಂತ್ರ್ಯ ದಿನದ ಬ್ರ್ಯಾಂಡ್ ವೀಡಿಯೊ ಪ್ರಚಾರಕ್ಕಾಗಿ ಲಿಬರ್ಟಿಗೆ ಮತ್ತೊಂದು ಇತ್ತೀಚಿನ ಗೌರವವಾಗಿದೆ. ಈ ಪ್ರಶಸ್ತಿಯು ಲಿಬರ್ಟಿಯ ಸೃಜನಶೀಲ ಕಥೆ ಹೇಳುವಿಕೆ ಮತ್ತು ರಾಷ್ಟ್ರವ್ಯಾಪಿ ಪ್ರೇಕ್ಷಕರೊಂದಿಗೆ ಪ್ರತಿಧ್ವನಿಸಿದ ವಿಷಯ ತಂತ್ರಗಳಿಗೆ ಸಂದ ಗೌರವವಾಗಿದೆ.

ಲಿಬರ್ಟಿ ಜನರಲ್ ಇನ್ಶೂರೆನ್ಸ್ ಸಂಸ್ಥೆಯು ತನ್ನ ಕಾರ್ಯಾಚರಣೆಯ ದಕ್ಷತೆಯನ್ನು ಹೆಚ್ಚಿಸಲು ಮತ್ತು ಅದರ ಗ್ರಾಹಕರಿಗೆ ವಿಶ್ವಾಸಾರ್ಹ ಸೇವೆಗಳನ್ನು ನೀಡಲು ಬದ್ಧವಾಗಿದೆ. ಭಾರತದ ಜೀವವಿಮೆಯೇತರ ವಲಯದಲ್ಲಿ ಪ್ರಮುಖ ದಿಗ್ಗಜನಾಗಿ, ಕಂಪನಿಯು ಅರ್ಥಪೂರ್ಣ ಪರಿಣಾಮವನ್ನು ಸೃಷ್ಟಿಸಲು ನಾವೀನ್ಯತೆ ಮತ್ತು ಗ್ರಾಹಕ-ಕೇಂದ್ರಿತತೆಯ ಮೇಲೆ ಗಮನಹರಿಸುವುದನ್ನು ಮುಂದುವರೆಸಿದೆ.

City Today News 9341997936

Bajaj Allianz Life’s plank-led fitness initiative celebrates ISRO’s grand feats, this 75th Republic Day

Posted on by City Today News (City today.media)

 

 

 

 

 

 

India, 25 January, 2024: Bajaj Allianz Life, one of the leading private life insurance companies, proudly unveils Plankathon 2024, the fourth edition of its unique fitness initiative. This edition themed as #PlankForAces, is exceptional as it seeks to express gratitude towards the Indian Space Research Organisation (ISRO) – the true aces who propelled India to the moon and, more recently, achieved success with the Solar Mission, Aditya L1. The initiative is impeccably timed to coincide with the celebration of India’s 75th Republic Day and will culminate in an on-ground event in Bangalore’s Sri Kanteerava Outdoor Stadium on 11th February, 2024.

 

Through the countdown to the on-ground event, this unique challenge encourages individuals to share their planking videos with the #PlankForAces, creating a collective gesture of gratitude for ISRO’s stellar contributions to space exploration.

 

Chandramohan Mehra, Chief Marketing Officer, Bajaj Allianz Life, said, “A high engaging fitness drive at the core, the plank initiative in its 4th edition, continues to be anchored on platforms that strike a chord with larger cohort. The new edition of the Plank campaign celebrates ISRO’s accomplishments which also align with India’s unmatched rise in tech, economic and geopolitical power. We are confident that #PlankForAces will generate massive participation as it has always done”.

 

The Bajaj Allianz Life Plankathon goes beyond individual health and fitness benefits to contribute to larger societal causes since 2018. The first edition, #36SecPlankChallenge, was linked to curing heart disorders amongst economically disadvantaged kids in collaboration with Hrudaya Foundation. The second edition, #PlankForIndia, supported the young Indian Olympians in association with OGQ. The third edition #PlankToThank aimed to express gratitude towards the Indian Armed Forces and mark India’s 75th Independence Day in style and provided for livelihood for retired jawans.

City Today News 9341997936 

LG ADDS JOY TO SUMMER WITH ITS EXCLUSIVE “ASSURANCE BHI AND INSURANCE BHI” PROMOTION

Posted on by City Today News (City today.media)

29th March 2023: LG Electronics(LG) India’s leading consumer durable brand has launched a  campaign“ASSURANCE BHI AND INSURANCE BHI”.

LG has launched slew of products ahead of summer season including widest range of OLED TVs, from 106 cm (42) – 246cm (97), for a customizable viewing experience. The 2023 OLED lineup introduces the widest range of OLED TVs, from the world’s biggest OLED 246 cm (97) extending to the smallest 106 cm (42) OLED TV that is perfect for smaller room spaces and ideal for every gamer that seeks to be closer to the action. As a pioneer and global leader in OLED technology, LG has been constantly perfecting and elevating technology to meet the evolving consumer needs. 

The 2023 Home Appliances lineup consists of new Stunningly Stylish Refrigerators – InstaView Door-in-Door™ and Frost Free Refrigerators, AI Direct Drive Washing Machines, Puricare™ Wearable Air Purifier, AI + Air Conditioners, UV+UF Water Purifiers and a new range of Charcoal Microwaves.LG AI Direct Drive Series in Front Load &Top Load Washing Machine is equipped with AI Direct Drive Technology and LG ThinQwhich gives better wash performance and makes washing convenientfor customers.The new InstaView Side-By-Side Refrigerator now has a 23% Bigger InstaView Window for a wider view of what’s inside. Simply knock twice on the tinted glass and it will illuminate the inside of the refrigerator – letting the users quickly access your favourite foods & beverages.

LG is pleased to announce a unique and very strong Consumer Promotion – “Assurance Bhi. Insurance Bhi.”  for the entire range of LG products. 

Customer purchasing LG products shall be eligible for Home Contents Insurance up to 5 lac for a period up to 5 years(T&C Apply) depending upon the total invoice value of LG Products pruchased. Customer can also avail attractive discounts on AMCs, assuring complete peace of mind for the AMC tenure. 

This unique consumer offer will continue for a longer period till 30th Jun 2023 to give maximum benefits to customers. The Assurance and insurance coverage is slab based with multiple slabs for the benefits of Customers.

The insurance coverage includes Fire, Burglary & Natural calamities like – Earthquake, Cyclone, Flood, Storm etc. Apart from this LG product bought under this invoice is also insured against Accidental damage from dropping / falling.

For detailed terms and conditions, customers canvisit : https://www.lg.com/in/product-assurance-insurance-offers/

This Brand New campaign aims at enhancing consumer experience of buying consumer durables this festive season. The Diwali Sale offers great deals and instant cashback up to 20% on select debit and credit cards, and 1 free EMI on select products with zero down payment. The offers also include EMI starting from as low as INR 888/- along with a 5-year assurance on selected TV’s. Consumers also stand a chance to get extended care with a 10-year warranty on select components, categories, and models along with additional 2-year maintenance starting at INR 2/- per day on select Home appliance product.

City Today News – 9341997936

New India Assurance Underwriting Performance Improves by 15%

Posted on by City Today News (City today.media)

Company continues to pursue path of continued growth with profitability

Bengaluru, 16th Nov 2022: New India Assurance, in its half yearly results for FY22 reported improvement in underwriting performance by 15%.
The gross written premium (GWP) for the half year ended 30th September 2022 saw a growth of 1.90% compared to the same period last year. It is noteworthy that the growth was achieved despite a substantial quantum of premium in Crop & Government line of business not renewed in the current year as compared to the previous year.
The company’s solvency margin improved to 1.77x as on 30th September 2022 in comparison to 1.66x as on 31st March 2022.
The company’s Combined ratio improved to 117.06% in the first half of the current financial year as compared to 120.66% for the year ended 31st March 2022.
The company was able to report a profit despite recognizing the 5-year impact of wage arrears and wage revision of about Rs. 2,600 crore as additional liabilities during the current quarter.
Commenting on the results Mrs Neerja Kapur, Chairman cum Managing Director said, “The company is continuing to pursue its strategic path of continued growth with profitability which led to the company shedding some unprofitable business. Our emphasis is on improvement in bottom line & solvency ratio.”

City Today News – 9341997936