ING
Vysya ups life-cover of policies
Our Banking Bureau
13 November 2001
Mumbai:
As a special
Diwali gift, ING Vysya Life Insurance has increased the life-cover
for all its policy-holders by 50 per cent for the first year of
the policy at no extra charge.
Ton van der Star, CEO and
MD of the company, said
the company has developed a group-billing product option tailored
for small- and medium-businesses in order to garner a big share of
this market.
He said his company is
focussing on offering customers a clear value for money products
and services that are tailored to meet specific customer needs.
These products are available through the network of Vysya Bank’s
480 branches and more than 400 insurance advisors, apart from the
company’s agency force.
The
products introduced by the company till date are: the reassuring
life-endowment plan, maximising life money back-plan and
fulfilling life-anticipated whole-life plan. Star said the company
would be opening branches in Chennai and Hyderabad shortly. “We
hope to be in 20 cities by the end of next year,” he said.
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