Blog

Telenor Offers Free Life Insurance To A Million Consumers In AP, TS

On Monday, Telenor, the prepaid mobile telephony services, declared that it had offered free life insurance policies to million consumers- existing and new as well. More people will take the advantage of the same when they recharge their phones  in Andhra Pradesh and Telangana as well.

Telenor is the first in the industry that announced the launch of the free life insurance scheme called Telenor Suraksha, said its Circle Business Head (AP & TS) Shrinath Kotian. Of the 18 million subscribers who had registered  for the offer scheme, pan-India, 7.8 million had already been insured, he added.

“It was a moving experience when I handed over a cheque for Rs. 50,000 to Laxmamma, wife of the late Venkataiah of Meerpet who died recently of kidney failure. And when she said that she now planned to use the money to get her daughter married, I felt the personal connect with subscribers with Telenor Suraksha,” he said, adding that Venkatesh, the legal heir of another customer Balaraju from Nalgonda was given a cheque of Rs. 10,000.

Speaking to the media, Mr. Shrinath said that for all the new consumers, the insurance  policy will come for a time period of two months till the next recharge.

The  best feature of this plan is in the case of the unfortunate event of a customer’s demise, all that the legal beneficiary would have to do is to produce the death certificate  along with proof of identity and the SIM card.

 

You May LIke

Government Consider 49% FDI In Insurance Sector Via Automatic Route Government is mulling a proposal to allow 49% FDI through automatic approval route in the insurance sector with a view to attracting more foreign inflows. At present, FDI up to 26% is allowed through automatic approval route. For FDI up to 49%, the approval of the Foreign Investment Promotion Board...
IndiaFirst Life Insurance launches Guaranteed Retirement Plan IndiaFirst Life Insurance, a well-known general insurance company has announced the launch of IndiaFirst Guaranteed Retirement Plan-a non-linked, participating, endowment, deferred pension plan. The plan guarantees return of 9% on total premiums paid during the early years, and the advantage of par...
Corporation Bank Inks Pact For Insurance Cover On Saturday, Corporation Bank entered into a memorandum of understanding with Universal Sompo General Insurance Co for offering  personal accident death coverage to its savings bank account holders under Corp Signature, Corp Super and Corp Saral category. In the presence of bank’s managing director...
IRDAI Not For Removing Cap On Commission Insurance Regulatory and Development Authority of India (IRDAI) is all for the continuation of the limit on commission and other payment paid to insurance brokers, but not averse to revisiting the quantum. “There has to be regulatory limit. It is there for public good”, IRDAI chairman T.S.Vijayan s...
Chandigarh: Pension Scheme For Scribes On Sunday, Capt Amrinder Singh, Punjab Congress president promised to offer Family Health insurance and dignified pension for the journalists in the event of Congress forming the Government in the State. He has declared that when Congress forms the Government in 2017, it will provide health and lif...