Mumbai, Feb 19 : Bajaj Allianz Life has announced the launch of market-linked plan, Goal Assure, designed to provide investment benefits and life cover to the new generation of investors.
The return of mortality charges that guarantees return of the life cover on policy matures is the main feature of the plan, the company said in a statement today.
"I believe our new-age Ulip with its unique features will be a game changer for the industry. Today's generation of retail investors, life maximisers as we identify them, have expanded the definition of LifeGoals and are looking for investment solutions that are value packed, convenient and backed by reliable investment performance," Bajaj Life said. ************
Fullerton India hires Rajashree Nambiar as MD& CEO
Small-sized non-banking financial player Fullerton India has appointed Rajashree Nambiar as its chief executive and managing director. Nambiar joins from India Infoline Finance, where she was the CEO and executive director.
Prior to joining IIFL, she was associated with Standard Chartered Bank for 22 years. In both her stints, she was responsible for the diversification of the retail segment. ************
BSE inks pact with UP to spread awareness on SME listing
Top stock exchange BSE has inked a pact with UP to create awareness amongst SMEs of the state about benefits of listing. Under the agreement, UP will send advisory letters to all the industrial associations and ministry of industries for having joint seminars along with BSE to create awareness among SMEs about benefits of listing.
BSE will provide all intellectual and man power support in such awareness programmes.
"The awareness about the benefits of listing on ME exchange is very less. There has been a myth that only large companies can get listed. UP being the largest hub of SMEs will benefit immensely because of this MoU," BSE SME platform said in a statement today.
8K Miles launches Blockchain Platform healthcare sector
Leading cloud computing firm 8K Miles Software Services has launched a proprietary blockchain technology solution for healthcare sector.
Called 8K Health Edge, this proprietary Blockchain platform will help translate into solutions for some of the most complex problems in global healthcare.
Suresh Venkatachari, chief executive of 8K Miles said, "with the launch of 8K Miles Health Edge we intend to unleash the power of blockchain, which allows organization to keep track of any chain of records/transactions without the need of intermediaries, and reducing the number of intermediaries in healthcare delivery, which will subsequently reduce costs and allow for real-time solutions."
Royal Sundaram in pact with Manipal Global Academy
Royal Sundaram General Insurance has signed an agreement with Manipal Global Academy for a customised general insurance training programme.
Under the agreement, the one-year full time training program, will comprise of four months of training on-campus and two months of internship followed by six months of on- the-job training at Royal Sundaram, a release said.
"The general insurance industry is poised to leap into the next growth wave and we at Royal Sundaram will be part of that growth in grooming the next wave of industry-ready professionals. Here is a course that enables the candidates to acquire the right attitude, values, ethics and compliance that will help them succeed in the industry," Royal Sundaram said. ***********
Mark Mobius joins investment panel of Equanimity.
Globally acclaimed investor Mark Mobius has joined the investment committee of the venture capital fund Equanimity Investments.
This relationship makes Equanimity the only fund in the country which is associated with Mobius since his retirement from Franklin Templeton Investments, the company said in a statement.
Mobius will actively help evaluate investment proposals, directing investment and exit decisions and reviewing the overall portfolio on an ongoing basis. He is also a key investor in the fund, the quantum of which fun did not disclose.
Mobius has, in the past, invested in early stage businesses here including Edupristine and Express Bike Works and has successfully exited.
Disclaimer :- This story has not been edited by Outlook staff and is auto-generated from news agency feeds.