![]() Financial Daily from THE HINDU group of publications Wednesday, Feb 23, 2005 |
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Money & Banking
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General Insurance Tata AIG ties up with TT Enterprises Our Bureau
(From left) Mr Nicholas C. Walsh, Senior Vice-President, Foreign General Insurance, American International Underwriters; Mr P. Varadan, Managing Director, TT Enterprises; and Mr Dalip Verma, Managing Director, Tata AIG General Insurance, at a press conference in Mumbai on Tuesday. Paul Noronha
Mumbai , Feb. 22 TATA AIG General Insurance Company Ltd has announced an alliance with Chennai-based TT Enterprises, a TTK group company. Integral to the tie-up are TT Enterprises' alliance with AIG International Services (AIGIS), USA, and the launch of `Relocation Support Membership Programme' for Indian nationals travelling to the US. Priced in the $250-$350 bracket depending on the choice of plan, the membership offers relocation and travel assistance. The services on offer include social security registration, US driver's licence and registration, procuring credit cards, setting up bank accounts and accidental death and medical evacuation coverage. The programme will be customised to the needs of students, employees and businesses. The alliance essentially implies a bundling of products. Buying a Tata AIG policy entitles one to buy membership in the TT-AIGIS relocation programme. Mr Dalip Verma, Managing Director of Tata AIG General Insurance Company, said in a press release here on Monday: "We are responding to the insurance needs of Indians travelling to the US who, in today's environment, demand financial and insurance solutions that are simple, secured and affordable. Our strategic partnership with TT Enterprises is a step in that direction." TT Enterprises has been the exclusive general sales agent for British Airways World Cargo and has been providing foreign exchange facilities and travel-related services, including a visa support system for various consulates over the last 20 years.
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