Insurance News: Saraogi Insurance & Brokers to invest 195 cr in 3 yrs

Saraogi Insurance and Brokers Ltd (SIBL) said it plans to invest Rs 195 crore to develop and offer an array of IT driven new insurance products over the next three years. The company will soon be launching an online service ‘Bimaonclick.com’ for retail insurance offering an exclusive bouquet of insurance products both in life and general insurance, it said in a statement.

“Bimaonclick.com will bring a revolution in the business of retail insurance. The use of GPS technology would make the companies more profitable and less prone to delays and accidents,” Managing Director(MD) and CEO of SIBL Prashant Saraogi said while commenting on investment plan.

On this portal, a customer can get access to all types of insurance services, Saraogi added.

Professionals at all levels got involved in about 438 projects covering various aspects of education, health care, sanitation, environment, sensitisation camps, refurbishing orphanages, cleaning archeological sites and monuments on November 23.

“In the first year of this initiative in 2003, Deloitte started with 600 volunteers who reached out to 5,000 people. 10 years later, Deloitte has over 17,000 professionals across nine cities devoting time and energy for the benefit of 2,40,000 people. We have come a long way and still have a long journey before us,” Deloitte India Chief People Officer Rani Desai said.

The relief materials comprise essentials such as soap, wash soap bar, salt, rice, pulses and mustard oil and these will be distributed to about 2800 families affected by several waves of severe floods in the state, the company said in a press release today.

The material was handed over by HUL’s Doomdooma factory manager Krishna Bhosale to Tinsukia Deputy Commissioner Meenakshi Sundaram.