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Business Economy


ICICI Securities to sell Religare Health Insurance products

ICICI Securities to sell Religare Health Insurance products

Mumbai, Apr 30 (UNI) ICICI Securities Limited has tied up with Religare Health Insurance to sell the latter’s products, a statement here said on Tuesday.

"This would be the third health insurance principal to get added on I-Sec’s platform and the first pure play health insurance company," the statement added.

“We are sure our 4.4 million customers would find this very useful when they are looking at purchasing a health insurance policy. The company would sell insurance on www.icicidirect.com and through its 200+ retail outlets across the country," said ICICI Securities Sr. VP – Products Advisory Group Hariharan M in a statement.

Religare Health Insurance MD & CEO Anuj Gulati in a statement said, “We foresee immense potential from this association with ICICI securities and look forward to being the preferred health insurer for their customers.”

Health insurance penetration in India is in low single digits even as the industry size is pegged at about Rs 50,000 crore per annum. However, owing to various factors like rising awareness and entry of specialized health insurers, the sector has been growing at a CAGR of Rs20% over the past 10 years.

UNI DJK ADG 1629

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TVS Motor Company’s EBITDA increases to 8 0 % in Q1

TVS Motor Company’s EBITDA increases to 8 0 % in Q1

22 Jul 2019 | 7:17 PM

Chennai, July 22 (UNI) TVS Motor Company’s overall two-wheeler sales including exports was 8.

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SAIL proves its metal in Chandrayaan 2

SAIL proves its metal in Chandrayaan 2

22 Jul 2019 | 7:08 PM

New Delhi, Jul 22 (UNI) Chandrayaan 2 which began its mission to moon on Monday has been built with the special steel supplied by the public-sector Steel Authority of India Ltd.

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Schneider Electric, Paytm launch iRewards prog in India

Schneider Electric, Paytm launch iRewards prog in India

22 Jul 2019 | 7:06 PM

New Delhi, Jul 22 (UNI) French company Schneider Electric that deals in digital transformation of energy management and automation, on Monday launched the iRewards programme in India in association with Paytm.

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Xiaomi launches its flagship Redmi K20 series, Redmi 7A smartpones & other products

Xiaomi launches its flagship Redmi K20 series, Redmi 7A smartpones & other products

22 Jul 2019 | 7:06 PM

Chandigarh, Jul 22 (UNI) Xiaomi, country's number one smartphone and smart TV brand, on Monday announced to launch its flagship Redmi K20 series smartphones 'Redmi K20 and Redmi K20 Pro', Redmi 7A economy smartphones and other ecosystem products here.

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GEFCO group appoints Prasanna as CEO & MD of India ops

GEFCO group appoints Prasanna as CEO & MD of India ops

22 Jul 2019 | 6:53 PM

New Delhi, Jul 22 (UNI) International Logistics company GEFCO Group on Monday appointed Prasanna Kumar MV as the CEO and MD of India operations in Chennai.

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