Sunday, May 26 2024 | Time 04:17 Hrs(IST)
Business Economy

Bharti AXA Life Insurance wins FICCI Claims Excellence Award

Mumbai, May 22 (UNI) Bharti AXA Life Insurance, a joint venture between Bharti Enterprises and AXA, one of the world’s largest insurance companies, has been conferred with the ‘Claims Excellence Award’ by the Federation of Indian Chambers of Commerce and Industry (FICCI).
FICCI honored Bharti AXA Life Insurance with the prestigious recognition for its customer-friendly claims services, including dedicated claims handler and one of the best claim settlement ratios, in the life insurance sector during its 20th Annual Insurance Conference FINCON 2019 recently here.
‘’The FICCI Claims Excellence Award is a recognition about our pledge to provide protection against the uncertainties of life and timely support to customers and their families in every possible manner in the hour of need. We have successfully maintained an improved and robust track record in claims settlement in the past few years. We continue to enable faster claims settlement as our prime responsibility,’’ said Vikas Seth, Managing Director and Chief Executive Officer, Bharti AXA Life Insurance.
Ease of claims process related initiatives, effective claims settlement turn-around-time from intimation to disbursement and improved claim settlement ratio were the differentiators that led to Bharti AXA Life Insurance winning the distinguished accolade in the life insurance category, a company release said on Wednesday.
Commenting on the feat at the first FICCI Insurance Industry Awards 2019, Ishita Mukherjee, Chief Operative Officer, Bharti AXA Life Insurance, said, ‘’We are happy to receive the FICCI Claims Excellence Award, which is a testimony to the trust reposed in the company and its products and services by customers, other stakeholders and the industry. Our tech-driven customer services initiatives with a human touch ensured customized and faster solutions and helped us improve claims settlement ratio gradually. We are committed to further raise our customer services bar.’’
Bharti AXA Life Insurance improved its individual claim settlement ratio, the number of claims paid to the number of claims received, to 96.85 per cent in the financial year 2017-18, the release said.
As many as 30 insurance companies participated in the FICCI Insurance Industry Award, which recognizes efficacy, excellence and contribution of both life and non-life insurance companies in the domestic insurance landscape.
More News

DVARA KGFS secures USD 10 mn in debt financing

25 May 2024 | 6:46 PM

Chennai, May 25 (UNI) Dvara Kshetriya Gramin Financials Pvt Ltd (Dvara KGFS), a financial services company dedicated to maximizing financial well-being in rural India, today, announced the successful debt raise of USD10 million to fuel the company's expansion plans and strengthen its efforts to empower underserved communities across the country.

see more..

Amulyam to open maiden flagship store in Hyderabad on May 27

25 May 2024 | 6:45 PM

Hyderabad, May 25 (UNI) Hyderabad-based Amulyam, a start-up co-founded by a couple to promote unique wedding gifts, and tableware, will formally open its maiden flagship store on Monday.

see more..

ZF CV Control systems, IIT-Madras signs MoU

25 May 2024 | 6:21 PM

Chennai, May 25 (UNI) ZF Commercial Vehicle Control Systems India
Limited signed a Memorandum of Understanding (MoU) with the Indian
Institute of Technology, Madras (IITM), focusing on the ‘Mobility and Intelligent
Transportation’ (MInT), which has an ambitious goal of building the Bharat
Multi-Modal Mobility Stack (BM 3 S).

see more..

Meghalaya to attract Rs 8000 crore private investment, says CM

25 May 2024 | 6:00 PM

Shillong, May 25 (UNI) Chief Minister Conrad Sangma has said that Meghalaya is projected to attract substantial private investment of Rs 8000 crore.

see more..
RBI gives nod for appointment of PK Sinha as Part-time Chairman of ICICI Bank

RBI gives nod for appointment of PK Sinha as Part-time Chairman of ICICI Bank

25 May 2024 | 2:26 PM

Mumbai, May 25 (UNI) The Reserve Bank of India (RBI) has approved the appointment of Pradeep Kumar Sinha as part-time chairman of ICICI Bank for a period of three years, with effect from July 1, 2024.

see more..