Mobility paves Samsung’s silver path
The Korean giant’s early bet on mobile phones helped it hit the $10-bn mark in India, but in its 25th year it ...
Optimistic about growth prospects, private sector insurer HDFC Ergo General Insurance plans to open 100 virtual offices in 2019-20.
“We have 125 virtual offices, of which, 15 are being converted to brick-and-mortar offices. Next year, we plan to open 100 more virtual offices,” said Anurag Rastogi, Member of Executive Management, HDFC ERGO General Insurance.
Virtual offices are single persons who sell insurance products using tablet computers. Once these persons meet a certain amount of business target at about ₹3 crore annually, they are then converted into brick-and-mortar offices, with more people employed. The general insurer is now present in 225 locations across the country, including branches and virtual offices, and is keen on expanding into smaller Tier III towns.
It is also looking to grow its distribution channels. Simultaneously, it is also strengthening tie-ups with auto manufacturers and banks.
“While we have a bancassurance partner within the group itself, we have tied up with several other banks (too), including Federal Bank and Lakshmi Vilas Bank. We are growing across different channels,” said Rastogi.
Apart from introducing products such as cyber insurance, title insurance, and inherent defect insurance, the insurer has also been investing heavily in technology and re-engineering the customer-facing processes with a focus on faster claim settlements.
The Korean giant’s early bet on mobile phones helped it hit the $10-bn mark in India, but in its 25th year it ...
Antrix should adopt a different tactic than merely fighting over jurisdiction: Experts
Invest in relationships, enterprise, behaviour, effort and learning
From different types of osmoses to new membranes, researchers have come up with ways of drawing water
What filters should you apply when mining for under-the-radar small-cap stocks? Read on to find more
There’s no reason to bail out of your fund as long as it’s matching the category average
Amid choppiness, the benchmark indices slipped marginally; approach the week with caution
SBI Cards (₹1,032.7): Witnesses fresh breakoutBetween September and December last year, the stock of SBI Cards ...
What makes the new crop of young Indian cricketers such game-changing winners? Over and above their talent, ...
For their dead, Parsis practise a 3,000-year-old system where corpses are excarnated in the Tower of Silence, ...
The morning she gave Peter and Neha, and their baby daughter Minty, a tour of Ambassador Apartments, Mrs ...
It’s the 111th birth anniversary of jazz musician and guitar genius Jean ‘Django’ Reinhardt. This week’s quiz ...
Digital is becoming dominant media, but are companies and their ad agencies transforming fast enough to make a ...
Slow Network, promoted by journalist-lyricist Neelesh Misra, pushes rural products and experiences
How marketers can use the traditional exchange of festive wishes meaningfully
For Fortune, a brand celebrating its 20th anniversary, it was a rude shock to become the butt of social media ...
Three years after its inception, compliance with GST procedures remains a headache for exporters, job workers ...
Corporate social responsibility (CSR) initiatives of companies are altering the prospects for wooden toys of ...
Aequs Aerospace to create space for large-scale manufacture of toys at Koppal
And it has every reason to smile. Covid-19 has triggered a consumer shift towards branded products as ...
Please Email the Editor