Page 42 - Life Insurance Today June 2015 SAMPLE

Private Life Insurance
Companies News
Reliance Life unveils
“Reliance Health Total”
'Reliance Health Total' which is a non- The memorandum of understanding
linked, non-participating and non-
variable health insurance plan was
launched by the Reliance Insurance
company which will help to provide
additional cover for hospitalization
claim, over and above the existing
medical plan," according to
Manoranjan Sahoo, chief agency
officer, Reliance Life Insurance.
Liberty Videocon launches
personal accident cover
Liberty Videocon General Insurance
Company Ltd, a joint venture between
Videocon Industries and Liberty
Citystate Holdings Pte, has
announced the launch of individual
personal accident product for the
retail market.
The policy aims to provide immediate
coverage on policy issuance and offers
protection against accidental death
and permanent total disablement on
account of an accident.
SBI Life partners Vijaya
bank
Vijaya Bank has tied up with SBI Life
Insurance to launch the social security believed that Max Life Insurance was
As long as I am acting, I will do only Telugu films. I want to take Telugu films to the world. Everyone should talk about our films.
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Bima Yojana.
was signed by Kishore Sansi, Managing
Director and CEO of Vijaya Bank and
Arijit Basu, Managing Director & CEO
of SBI Life Insurance, in the presence
of Executive Directors of Vijaya Bank
KR Shenoy and B. S. Rama Rao, a
press release said.
Max Life gears with ULIPs
sale online
Max Life Insurance after the successful through the 400 branches of the
launch of online term plans has now
taken the charge to sell ULIPs via the
electronic mode. This private life
insurer expects the online market for
unit-linked insurance plans.
"We are starting off with a couple of
ULIP products, including a variant of a CanKids Kidscan to provide education
pension product," V Viswanand, Senior
Director and Chief Operations Officer,
Max Life Insurance.
Max Life Insurance issues 1,500-2,000
term policies on an average a month
through the online channel.The online
sales will be made keeping in mind the
distance marketing guidelines issued
by the IRDA in 2011. It has also been
June 2015
in talks with certain public sector
banks to rope them in as
bancassurance partners.
"If the open architecture proposed by
IRDA were to come in some form or
shape, then we would certainly see
more public sector banks partnering
with us for distributing our products,"
he said.
Max Life had recently entered into a
five-year bancassurance tie-up with
Lakshmi Vilas Bank for distribution of
the former's life insurance products
private sector bank.
SBI Life vows to provide
education to cancer
affected kids
SBI Life Insurance has partnered with
to cancer affected childeren. Speaking
on the occasion, Arijit Basu, MD &
CEO, SBI Life Insurance said, "SBI Life
believes in empowering those who
have the courage to fight against the
odds. Our initiatives reflect this and
we choose to partner with like minded
NGO's and Social Service Associates.
Our association with CanKids KidsCan
enables us to provide education
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