Telenor offer free insurence

Telenor will begin offering life insurance to its new and existing customers, with covers starting from Rs 5,000 going up to Rs 50,000.

By Guvleen Aulakh

In a first from a telco in India, Telenor will begin offering life insurance to its new and existing customers, with covers starting from Rs 5,000 going up to Rs 50,000, while consumers don't need to pay any premium.

The plan launched on Wednesday, allows Telenor's existing 47.5 million customers to get enrolled in the scheme by either calling up customer service or visiting one of ?the company's 2100 stores in six circles where it operates. New customers can get enrolled with little documentation, and get a cover equivalent to 100 times the value of recharge done on their prepaid number.

"As we changed to Telenor, we need to bring more value to customers which we believe must be interesting for our mass market consumers. So, we decided to come out with free insurance," said Vivek Sood, CEO, Telenor India.

The move reflects Telenor India's efforts to move from being a fringe player in the market which offers 'sabse sasta' mass market voice and data plans, to a more serious and long term player.

The company aims to differentiate itself from the pack of telecom players in the country with the new insurance scheme, and added that more financial products will be launched in due course. The Norwegian telecoms leader's India arm feels the unique proposition will lower customer churn and bring in new additions, as it takes a step closer to financial inclusion, having already won a payments bank license in India.

Telenor has offered a similar insurance scheme called Nirvoy Life in Bangladesh, where its local unit Grameenphone is the market leader.

"With the life insurance offer, Telenor will create a unique differentiation in financial services just like we have done with our affordable mobile service," Sood added. Telenor has tied up with Sriram Life Insurance and MicroEnsure for offering this insurance scheme.

Sood did not disclose the amount Telenor will end up paying on ?a ?customer's behalf as premium, but said it would be "easily covered with the increase in usage and reduced churn from customers who we assume will remain active on the network."

Telenor operates in six circles of UP (West), UP (East), Bihar (including Jharkhand), Andhra Pradesh, Maharashtra and Gujarat. It will soon start commercial operations in Assam.

At each customer touch point, trained staff will be available to educate the customers and address their queries. In the unfortunate incident of death of a customer, the claim will be processed by submitting relevant documents like the death certificate, nominee identity proof and the SIM card, and the claim would be settled within seven days, the company added.

Existing customers begin their cover from the next month from the time they opt in. New customers automatically get a cover of Rs 10,000 for two months and subsequently they have to opt in to continue the service. Customers have to maintain a nominal minimum amount every month for keeping the insurance cover valid and can increase it by increasing the recharge they do every month

Lead Your Team Into a Post-Pandemic World

During the Covid-19 crisis, I’ve spoken with many CEOs who have shared that a key priority for them, naturally, has been the safety and well-being of their employees. And there are many examples of inspiring actions taken by CEOs and companies in support of their employees. But as we’ve come to recognize that this crisis will last more than a few short weeks, companies are now defining their approach for the long haul. I’ve seen two crucial ideas take hold with corporate leaders. One: Given the magnitude of the shock and the challenges that this crisis represents, companies must consider the full breadth of their employees’ needs as people. Safety is essential, of course, but it’s also important to address higher-level needs such as the want for truth, stability, authentic connections, self-esteem, growth, and meaning in the context of the crisis. Two: Many CEOs have begun thinking about this crisis in three phases. They may assign different names or specific lengths to t

4 Ways Google Search Can Help You Achieve Your Marketing Goals

Google Ads Google Ad extensions are a great way to add key descriptive text without taking up space in your actual ad and improve your quality score for even better results. It’s a win-win right? Google Maps Is your business discoverable on Google Maps? For small businesses, adding detailed information and the use of strategic keywords can be helpful for a better location optimization. Google Ranks SEO is vital for moving up in Google rankings. To climb up the ladder, incorporate top keywords in page titles, meta tags and focus on consistently delivering relevant content. Backlinking If SEO is the the only strategy you have, it is the right time to change that. Start adding backlinks to your content. Quality backlinks can further increase your brand authority.

List of Cloud Certifications

Cloud certifications and Cloud computing certifications are very young, but their value grows so fast. Managers and IT specialist want to extend their knowledge about neutral cloud topics, but also vendor-specific implementations. Few of them, like Arcitura Education with the CloudSchool program, CompTIA or EXIN created vendor neutral certifications. The biggest vendors like VMware, HP, EMC, Microsoft and IBM have in their portfolio also Cloud certifications, that help you prove your skills about products and technologies. On the horizon we can see other vendors like Huawei or Cisco with new certifications. Strong cloud skills are for sure a good trend for companies (on the management level) and also engineers or IT architects. List of Cloud Certifications 52 Certifications 13 Vendors Amazon AWS Amazon AWS has in the offer three certifications and works on new ones. At this moment you can pass exams on associate level for architects, developers and SysO

KACHARAGADLA

Search This Blog