Bharti AXA Life launches iProtect Plan

‘Bharti AXA Life iProtect is one of the most competitive term plans in the market today:’ Sandeep Ghosh, CEO, Bharti AXA Life Insurance.

Bharti AXA Life Insurance announced its growth plan through the online distribution platform at the launch of its first online term insurance product – Bharti AXA Life iProtect plan.

Announcing Bharti AXA Life’s growth strategy for the online platform, Sandeep Ghosh, said “Online is fast growing as a medium of search and purchase amongst Indians. Recent studies show that the internet penetration in India has doubled in the last 5 years and is expected to triple by 2015 to over 250 million users. E-commerce in financial services has grown over 30% year on year for the last 3 years, insurance being a significant part of it.”

Online is going to form an important part of Bharti AXA Life’s distribution strategy. Consumer preference has played a pivotal role in the company’s foray into this new channel. Talking about this newly launched distribution channel Mr. Ghosh added, “Online as a distribution channel requires a fundamentally different perspective of looking at insurance sales. Various studies indicate that affordability, convenience and access are the prime motivators for consumers to buy online insurance. Bharti AXA Life iProtect is one of the most competitive term plans in the market today. The functionality we have built as part of the user interface will help the customer purchase the policy in a few simple steps. To add to their convenience, we have gone a step further dedicated a special customer service team- “tele-assist”, to assist our customers in the buying process.

The company has consciously bundled its strong product proposition with a customer centric-centric service benefit. Mr. Ghosh added, “iProtect is an online term plan and we understand that the moment of truth for this category is claim settlement. In times of distress, the family of the deceased may require immediate money to meet unforeseen expenses. Our unique and industry first service guarantee – “Family Care benefit” ensures a release of Rs1,00,000 within 48 hours of claim intimation.”

The company wants to provide the online customers a unique product and service proposition backed by best in class and convenient buying experience.  

Bharti AXA Life iProtect product features include:
(a) One of the most competitive online term plans in the market.
(b) Simple and easy process designed keeping the customer convenience in mind.
(c ) No medical test up to Rs50 lakhs cover.
(d) Policy available at special-rate premiums for non-smokers.
(e) Tele-Assist feature – A special customer service team to assist the customer during the online buying process. The policy is available at special-rate premiums for non-smokers.
(f) Family Care Benefit: Release of Rs1,00,000 from Sum Assured within 48 hours of claim submission, in event of policy holder’s demise.

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Wheat output to be record high at 88.31 million tonnes this year

The country is expected to see a record wheat production for the fourth straight year at an estimated 88.31 million tonnes in the 2011-12 crop.

New Delhi: The country is expected to see a record wheat production for the fourth straight year at an estimated 88.31 million tonnes in the 2011-12 crop year due to higher yield and good weather conditions reports PTI

Wheat output was at a record high of 86.87 million tonnes last year also.

The overall foodgrains output is also estimated to exceed the target of 245 million tonnes and touch a record 250.42 million tonnes, according to the second advance crop estimate for 2011-12 released by the Agriculture Ministry today.

The foodgrains output was at 244.78 million tonnes in 2010-11.

This is the second-straight year of a record foodgrains production, boosting the government's plan for implementing the Food Security Bill, that aims to provide cheaper grains to the poor.

Out of total foodgrains output, rice production is estimated to increase to 102.75 million tonnes this year, as against 95.98 million tonnes last year.

However, pulses production is estimated to be lower at 17.28 million tonnes this year, as against 18.24 million tonnes last year.

Similarly, oilseed production is estimated to fall to 30.52 million tonnes from 32.47 million tonnes in the reviewed period.

In the cash crop basket, cotton production is estimated to be a record 34.08 million bales (of 170 kg each), as compared with 33 million bales last year.

Jute output is estimated to 11.61 million bales (of 180 kg each) in 2011-12 as against 10.6 million bales last year.

Sugarcane production is expected to be higher at 347.86 million tonnes as against 342.38 million tonnes last year. PTI LUX

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''Meta university'' may start from next academic session: Sibal

The government today indicated the proposed 'meta-university' concept, which will enable a student to pursue cross-disciplinary programme simultaneously

New Delhi: The government today indicated the proposed 'meta-university' concept, which will enable a student to pursue cross-disciplinary programme simultaneously, will become a reality from the next academic session reports PTI

"I am hopeful that by next academic year, we will be able to start the meta university," HRD Minister Kapil Sibal said at a function.

The proposed institution, for example, will make it possible for an IIT Kanpur student to also enrol for a course in Ancient History from Jawaharlal Nehru University or a Mathematics student from Indian Institute of Science to pursue a course in comparative literature from Jadavpur University.

The university will leverage on national knowledge network programme which already connects major institutes across the country through high-speed fibre-based broadband connectivity.

Sibal said under the programme, 31000 colleges and 6400 universities will be connected within the next six months.

The meta university also promises a unique opportunity to the country for innovation given the enormous unmet demand for high quality education in an environment of limited resources and availability of a dedicated national network, according to a report of the National Innovation Council released by Prime Minister Manmohan Singh last year.

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