40 million mobile Internet users can now choose their insurance through their mobile.
Policybazaar.com announced the launch of its Mobile Website. The mobile version of Policybazaar.com is aimed to cater to the needs of its 5 million visitors who visit the site every month via mobile phones.
The number of mobile phone subscriptions has reached 5.9 billion, an impressive figure in a world of 7 billion people. The growth in the mobile technology is very evident from the increasing mobile subscriber base in India which has reached 893.84 million. The mobile Internet penetration in India is expected to reach 237 million by 2012. The industry experts says that 58% of Mobile Internet is used for search networking sites or Internet and have become the first screen for internet for millions of people in India.
Gone are the days when searching for the best insurance policy for you was a matter of hours. As PolicyBazaar.com is launching its mobile website m.policybazaar.com the path to safeguard your future, it is just a few clicks away. With a specific mobile website for PolicyBazaar.com, users will now get the option to navigate through the products and see the quotes in a seamless manner thus helping the customer to choose the best plan according to his/ her need.
Speaking about the launch, Akshay Mehrotra, CMO, Policybazaar.com said, “With increasing mobile penetration in the country, mobiles are becoming the tool for accessing Internet. The consumers owning Internet enabled handset is growing at 300% a year. We believe the next growth in the e-commerce business will be fuelled by mobile Internet.”
Talking about the value it adds for users, Saurabh Tiwari, CTO, Policyabazaar.com said, “We are seeing a very large customer base coming from mid to small level towns using mobile phones. This number has doubled in the last 6 months. We have specifically built up this website to cater to these consumers.”
The site has been designed on HTML5, CSS3 and works across major platforms including iOS, Android, Blackberry and Symbian. The site has been extensively tested on multiple devices covering multiple operating systems, browsers and screen resolutions. The key parameters of a mobile site such as optimization, compatibility with various devices, operating systems and a good customer experience have been given the utmost importance.
UNI Criticare policy covers 11 critical diseases.
State-owned United India Insurance Company announced the launch of a critical care health insurance product.
UNI Criticare policy covers 11 critical diseases. The policy targets people in the age group of 21-65 years, the company said in a statement.
For the first nine months of the current financial year, the company had recorded a net profit of Rs414.41 crore, up 24% from a year ago period.
The company collected Rs5,872 crore premium during the first nine months of 2011-12, a rise of 27%.
Expressing concern over high fiscal deficit which is expected to overshoot the target of 4.6% of the gross domestic product (GDP) this fiscal, chairman of Prime Minister's Economic Advisory Council C Rangarajan said the government "must try" to contain and improve efficacy of subsidies
New Delhi: Amid widening fiscal deficit, the prime minister's economic advisory panel today suggested aligning diesel prices to global market in a phased manner and also raising excise and service taxes to pre-crisis level of 12%.
Releasing the 'Review of the Economy: 2011-12', chairman of Prime Minister's Economic Advisory Council (PMEAC) C Rangarajan also pitched for deregulation of urea prices.
Expressing concern over high fiscal deficit which is expected to overshoot the target of 4.6% of the gross domestic product (GDP) this fiscal, he said the government "must try" to contain and improve efficacy of subsidies.
"It will be necessary during 2012-13 to make some adjustments on the diesel prices in a phased manner. We have not done this for quite some time and international crude prices have gone up ... It is not possible for us to subsidise this sector beyond a level," Mr Rangarajan said.
Diesel price was last hiked in June 2011. However, the government had cut excise and customs duties to cushion the impact of the price rise, thus sacrificing annual revenue of Rs38,000 crore.
Mr Rangarajan further said that "partial reforms in the fertiliser subsidy regime of introducing nutrient-based subsidisation will not be effective unless the price of urea is decontrolled or at least raised substantially".
The government expects that its subsidy bill would increase by Rs1 lakh crore to Rs2.34 lakh crore, mainly on account of higher outlay towards fertiliser, food and oil.
On improving the tax to GDP ratio, Mr Rangarajan said the excise duty and service tax should be increased to pre-crisis level, a move which will bring in additional Rs35,000 crore.
Before the economic crisis, service tax and excise duty rates were at 12%, but as a stimulus the government had brought them down to 10% in 2008-09.
"If you go back to 12%... as a back of envelope calculation, you can get a additional revenue of Rs35,000 crore," Mr Rangarajan added.