Page 9 - Insurance Times May 2024

insurance. The increase in premiums will also have access to a claim handler
for event cancellation, which accounts who will reach out to customers. Attention Subscribers
for a major part of IPL insurance, is Please renew your Subscription of The
relatively flat compared to the previ- Cholamandalam General Insurance Times Journal to receive
ous year as cancellation insurance has
not seen too many losses. On the other Insurance records Rs 7,598 copy of the journal uninterruptedly.
hand, the insurance premiums for IPL cr gross written premium You can now pay by GPAY, Phonepe,
players have increased by 20 to 25 per Cholamandalam MS General Insurance Paytm, Amazon, ICICI Pay, BHIM UPI
cent from last year due to increased
Company Ltd has reported a Gross
player value and injuries to the players. Written Premium of Rs 7,598 crore for
The overall IPL insurance has wit- the financial year ending March 31,
nessed a nearly 10 per cent increase 2024, the company said on Sunday.
from last year," said Shaista Valji, As-
sociate Director - Sports, Alliance In- Cholamandalam MS General Insurance
surance Brokers. Company is a joint venture between
the diversified conglomerate
Bajaj Allianz General In- Murugappa Group and Japan-based
Mitsui Sumitomo Group.
surance launches premium
In a statement, the company said its
programme for high-value profit before tax grew to Rs 444 crore
customers for the year ending March 31, 2024 as
compared to Rs 264 crore registered
Bajaj Allianz General Insurance has in the same period of last year.
launched a customer experience pro-
gram, called Privé, which caters to During the financial year ending March
customers purchasing high-value indi- 31, 2024 the return on equity ratio
vidual insurance policies. The program improved to 14.15 per cent, as com-
offers priority service to Privé custom- pared to 9.64 per cent recorded dur-
ers and a separate channel for the ser- ing the same period of last year.
vicing of their claims. Eligible insurance The company said due to the impact
products include health, home, motor, of natural calamities like Cyclone
personal accident, and cyber insur- 'Biparjoy', 'Michaung' and floods, their
ance. profitability got a hit by over Rs 55
To be eligible for the My Health Care crore during the last financial year. Sashi Publications Easy Payment
Modes :-
Plan under Privé, customers must have "Chola MS has gained momentum
a minimum sum insured of Rs 1 crore. over the last 10 calendar quarters and i) UPI ID: SASHIBOOKS@KOTAK
is poised to pursue strong growth. I ii) GPAY: 9830171022@okbizaxis
Those who qualify will have access to
would like to express my gratitude to iii) PAYTM: 9830171022@paytm
"Privé Connect," a dedicated team
that can quickly address all insurance all policyholders, employees, business iv) NEFT: Current A/C
queries and requirements, and cater partners and the investors for their 402120110000327 of 'SASHI
to any service request or claims. enduring trust and goodwill," said PUBLICATIONS PRIVATE
company Managing Director V LIMITED, Bank of India, VVK
For health claims, Privé customers can Suryanarayanan.
enjoy hassle-free discharge and pre- Road Branch., Kolkata, India,
"Chola MS is committed to sustainable IFSC Code : BKID0004021
policy check-ups at home by profession-
value creation and operating with the v) Credit Card:
als. For motor insurance add-on prod-
ucts, the program streamlines the philosophy of trust and transparency in www.sashipublications.com
claim process by providing rapid re- its dealings with customers," he said. For any query please call
sponses, including priority surveyor The investment corpus fund during the 9073791022/9883398055
deployment. Non-motor insurance financial year ending March 31, 2024 www.sashipublications.com
claims, such as home insurance claims, touched Rs 16,811 crore.

The Insurance Times May 2024 9