The “borderless prepaid card” enables travellers with the option of loading eight currencies on a single card—US Dollars, British Pounds, Euro, Australian Dollars, Canadian Dollars, Swiss Francs, Singapore Dollars and Japanese Yen
Thomas Cook (India), an integrated travel and travel-related financial services company, today launched its prepaid foreign exchange travel card in collaboration with MasterCard Worldwide.
The “borderless prepaid card” enables travellers with the option of loading eight currencies on a single card—US Dollars, British Pounds, Euro, Australian Dollars, Canadian Dollars, Swiss Francs, Singapore Dollars and Japanese Yen.
“It is a multi-currency card with a validity of five years, within which the cardholder can get the visiting country’s currency loaded on the card, thereby, saving money and time. An embedded chip and PIN ensures security and increased protection against counterfeiting and skimming card frauds,” the company said.
“We are now focusing more on the retail segment as we see the travel patterns in India are changing,” said Madhavan Menon, managing director, Thomas Cook (India). As per a Consumer Segmentation Study conducted by MasterCard in July 2011, 36.7% affluent Indians want to go overseas for a holiday.
The collaboration with MasterCard, a global payments and technology company will provide an acceptance at over 34.3 million merchant establishments, e-commerce websites and access to 2 million ATMs, Thomas Cook said.
Carnation Insurance, part of Carnation Auto which was started by former Maruti Suzuki managing director Jagdish Khattar, has received insurance broking license enabling it to sell general insurance products like car insurance and life insurance products
New Delhi: Multi-brand auto service provider Carnation Auto said it is venturing into insurance broking through a separate entity, reports PTI.
Carnation Insurance, a part of Carnation Auto which was started by former Maruti Suzuki managing director Jagdish Khattar, has received insurance broking license enabling it to sell not only general insurance products like car insurance but also life insurance products, the company said in a statement.
“The addition of the insurance license gives us the perfect opportunity to provide comprehensive car care solutions to our customers,” Carnation Auto chairman and managing director Jagdish Khattar said.
The company will provide cashless claims facilities across its existing nationwide car service and repair network in cities like Bangalore, Delhi, Gurgaon, Hyderabad, Mumbai, and Pune to name a few.
Carnation will also leverage its online presence to create awareness of insurance products and match customer requirements with suitable solutions, it added.
Me Khattar said within five to eight months, the Carnation Insurance will be able to foray into broking of other insurance products such as health and the company will look to tap the existing customers.
“In the last four-years we have served over 4 lakh customers and several thousands of them have availed of our cashless insurance claims facility through our 22 hubs spread across India,” he added.
The company’s subject matter experts will be able to align customers’ needs and requirements with the products offered by over 20 public and private sector insurance companies in India, Mr Khattar said.
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