Page 8 - Insurance Times January 2023

Sattar said it is the responsibility of However, the accident probe took a against Chandra back in 2019," said
crop insurance companies to immedi- dramatic turn about 20 days ago when the SHO.
ately deposit payment for the insur- the police discovered that Shalu's death
ance claims in the bank accounts of could help her husband get a whopping
Bajaj Allianz General In-
eligible farmers, who have suffered Rs 1.90 crore in insurance money.
surance launches a new
because of unseasonal rains. He said
DCP (West) Vandita Rana said Mahesh
farmers were agitated due to the de- Chandra had already paid Rs 5.50 lakh rider for senior citizens
lay in insurance claim payments.
of the promised Rs 10 lakh "contract" Bajaj Allianz General Insurance has
to notorious history-sheeter Mukesh launched a health insurance rider for
Road crash in Rajasthan Singh Rathore to kill Shalu. senior citizen care 'Respect Senior Care
Rider'. Through this rider, senior citizen
turns out to be murder for Rana said the police have arrested
can get services like emergency ambu-
Chandra, Rathore and two other con-
Rs.2 crore insurance
spirators - Rakesh Kumar and Sonu lance service within 10 minutes, phys-
A hit-and-run case has turned out to iotherapy and nursing care at home
Singh. The investigation team that in-
be a cold-blooded murder plotted by a and so on. Rider offers additional ben-
cluded ACP (Chomu) Rajendra Singh
man eyeing his wife's insurance efits which comes with the primary
and SHO (Harmada) Hari Pal Singh
amount of nearly Rs 2 crore. health policy.
then found that Chandra had bought
Shalu Devi (32) and her cousin Raju (36) an insurance cover for Shalu this year The rider will be available at a pre-
of Jaipur were travelling to Samod even though the couple's marriage had mium that ranges between Rs.700 and
temple on a bike when an SUV mowed been strained and they had been liv-
Rs.7500 excluding GST.
them down near Harmada on the ing separately since 2017.
Anyone who is aged 50 years and
Jaipur-Sikar road on October 5.
"About 20 days ago, we found the in- above and has the company's base
Preliminary investigation hinted at a surance angle into the case. This was
health insurance policy can opt for this
road accident, which is commonplace surprising given that Shalu had filed
rider. The rider offers three plans - Plan
on that stretch of the busy highway. a case of dowry harassment
1 offers emergency ambulance service,
concierge service such as home assis-
TMB inks bancassurance pacts with Chola MS tance/ daily care, cyber, travel legal
assistance and so on, plan 2 offers
General, Max Life
services like physiotherapy service at
Tamilnad Mercantile Bank (TMB) has tied up with Cholamandalam MS Gen-
home, nursing care at home and tele-
eral Insurance Company Ltd and Max Life Insurance Company to offer in-
consultation services for psychological
surance products through the bank.
conditions and finally, plan 3 provides
This would take the total number of TMB's bancassurance partnerships to smart watch with fall detection tech-
four. Briefing reporters here, Krishnan S, MD & CEO, TMB said customers nology, which tracks and records key
can avail the insurance products of both the insurance companies through vitals like SP02, body temperature,
their bank's app soon. medicine reminder, heart rate, SOS,
"We wanted to be a supermarket for financial services, where under one amongst others.
roof customers will be able to get all the products and services," he said.
Tapan Singhel, MD & CEO, Bajaj Allianz
Queried about the business that the bank would generate through the General Insurance said, "Youngsters,
bancassurance products, he said, "I look more from the perspective of cus- who very often work outside their
tomers, which will give a lot of benefits and advantages to the bank in the hometowns are not just spread all over
long run that cannot be measured. Customers will have more choices to the country but the whole world. Their
choose from." aging parents, who are spread all over
the country, are their biggest worry,
V Suryanarayanan, managing director, Chola MS General Insurance said,
and they are often apprehensive about
the insurance includes coverage for farmers, SME units and small businesses.
their health and well-being. The rider
Currently, in the bancassurance segment, we add about one lakh custom-
is our humble endeavour to address
ers every month, he added. V Viswanand, deputy managing director, Max
this worry and to be there for our cus-
Life said, two-third of their business comes through partnerships with banks.
tomers in their times of emergency.
8 January 2023 The Insurance Times