Edelweiss Tokio Life on Pandemic-Proofing Financial Portfolios

The Coronavirus pandemic has left everyone scrambling back to drawing boards to design and accept a new normal for families, businesses and economies. With heightened health concerns across the globe, people are increasingly recognising the importance of insurance and India is no exception.

After all, this is an opportune time to relook and redesign financial portfolios, looking through the lens of three critical elements - protection, savings and wealth creation.

Here's how insurance can make financial portfolio robust and ready for any unforeseen financial challenges in the future:

Protection

Protection or Life Cover strengthens a long-term financial portfolio, as it mitigates potential risks and challenges. There are enough anecdotal references which show how unforeseen health expenses or loss of income due to the death of the breadwinner make a massive dent in a family's savings.

Protection products help loved ones to retain their lifestyle and long-term financial goals, without disruption. With innovative solutions now offering cover for both customers and their spouses at affordable costs, the future aspirations of loved ones can be easily secured. Similarly, some insurers offer critical illness plans that cover major or terminal illnesses like cancer.

It is ideal to buy protection products as soon as one's professional career is started. It is a fallacy that the young do not need life insurance, when, in fact, buying insurance early helps to lock into lower premium, which, in turn, results in considerable cost-saving in the long-term. Check out Edelweiss Tokio Life - Zindagi Plus, a term insurance plan which offers an industry-first feature, Better Half Benefit - an option to get additional life cover for spouse.

Savings

It is advisable to set aside at least 10 percent of financial portfolio towards savings products. These plans are an ideal way for wealth accumulation, irrespective of risk appetite.

Amid heightened market volatility and a reducing rate cycle in the country, this product category has now become a far more attractive instrument for long-term savings. These products, such as Edelweiss Tokio Life - GCAP can give a steady returns of 5-6 percent annually with Tax Benefits.  

Wealth Creation

Unit Linked Insurance Plans (ULIPs) have emerged as one of the leading options for wealth creation, with insurers facilitating ease of buying through digital platforms.

New-age ULIPs such as Edelweiss Tokio Life - Wealth Secure+ which subsequently has been ranked as the No.1 ULIP by CRISIL, offers flexibility in switching funds, systematic withdrawals, and life cover up to 100 years and starts with premiums as low as Rs 1,000 per month.

In fact, ULIPs can also be effectively used for child's future or legacy or retirement planning.

As the fight against COVID-19 is continued, protection will see a marked increase in terms of customer consideration. People will be more cognisant of buying insurance, complemented by increased awareness driven by the industry. With insurance penetration in India still in single digits, it will be interesting to see how increased digital penetration creates an impact.

About Edelweiss Tokio Life Insurance

Edelweiss Tokio Life Insurance is a joint venture between Edelweiss Financial Services, among India's leading diversified financial services companies, and Tokio Marine Holdings Inc, one of the oldest and largest insurance companies in Japan. Edelweiss Tokio Life Insurance launched its pan-India operations in July 2011, offering proprietary need-based solutions to help customers meet their life stage financial goals. Its lineage brings together a deep understanding of customer needs and international expertise. The company is headquartered in Mumbai serving over 2.02 lakh customers through 43,681 personal finance advisors as on March 31, 2019, across 121 branches in 93 major cities.

Awards:

Edelweiss Tokio Life Insurance has been consistently recognized for its Product Innovation capabilities at several forums, namely Outlook Money Award for Best Life Insurer 2016, Golden Peacock Awards 2018, Golden Globe Tigers Awards and ET NOW - BFSI Awards for Best Product Innovation 2018, Times National Award for Marketing Excellence 2018, India Insurance Summit 2019 and Skoch Awards 2019.

To learn more about Edelweiss Tokio Life Insurance, please visit www.edelweisstokio.in

You can follow Edelweiss Tokio Life on:

https://www.linkedin.com/company/edelweiss-tokio-life-insurance/?viewAsMember=true

https://twitter.com/edelweiss_tokio

https://www.instagram.com/edelweiss_tokio/

https://www.facebook.com/EdelweissTokioLife/

Financial News Bureau

India’s forthcoming DIY-Marketing Platform ‘InstaaPR’ announces Knowledge Sessions to decode Opportunities in the New Era

Business Leaders collaborate to boost the Start-ups, MSMEs and Entrepreneurs community.

InstaaPR, India’s forthcoming, no-touch, DIY-cost-effective marketing platform is organising an informative webinar on “How to redefine your sales strategies for the new era”. The webinar is intended to support small and medium enterprises to cope with the pandemic struck economy and keep the business cycles going. 

COVID-19 has altered the way companies operate, employees work & interact with customers and the external world. Moreover, the sales and marketing functions have also come to a standstill. The webinar will focus on these two areas as enterprises were impelled to explore effective ways of continuing their operations.

Taking the lead on this webinar, Sanjay Kher, President & Chief Business Officer, Oceanic Consulting will augment the sales and marketing processes to boost sales in these trying times. 

Moderating the session will be Rachana Chowdhary, CEO, InstaaPR, who will help deep dive the discussions through and help demystify information for immediate business use. “InstaaPR Webinars aims to deliberate upon the very basics of business and life, ground realities. We aim to make our participants feel enlightened and empowered after every session. We have observed that information overload and complex business processes as a way of the busy corporate infrastructure, is often restricting people’s thinking skills and creativity. We aim to deliberate upon the very basics with our participants, to thrive in the new normal.”

Sanjay Kher, President & Chief Business Officer, Oceanic Consulting says, “Times are tough, and businesses are struggling with finding the new normal in sales and marketing departments. With companies losing business, it's the right time to adopt an aggressive sales and marketing strategy and rebuild confidence in business.”

“In this webinar, we will not only discuss expert strategies to boost sales but also decode, some of them immediately available opportunities for the MSMEs, Start-ups, SMEs to benefit.”

Finding alternative sales strategies is of paramount importance in these trying times. Enterprises should think lateral and reinvest their resources in curating new sales and marketing tactics. This also is a great time to engage with existing clients and be truly invested in their success.

The webinar session is scheduled for May 21st, 2020 Thursday from 12 PM to 1 PM. 

Click here to Register now

To learn more about the partnerships, alliances with InstaaPR – DIY Marketing Platform, please write to support@instaapr.live

About Oceanic Consulting Group

Oceanic Consulting Group is a boutique consulting firm offering offer sales, marketing & growth advisory to SMEs & startup’s.  It offers advisory from a Single-Attribute Improvement to a 360-Degree Analysis of firm’s Sales & Business Performance". www.oceanic-group.net

About InstaaPR

InstaaPR is a premium automated digital & social news publishing platform, where we revolutionize the way PR functions. We provide you with an effective and efficient online reach to increase your online presence. www.instaapr.live

Elementor Drives the Growth of WordPress as 7% of All WordPress Sites Are Now Built With the Platform

- 30% of Elementor's new users are new to WordPress as the company passes the 5 million website milestone

Elementor, the leading WordPress website builder platform, today announced that 7% of all WordPress websites are built using Elementor. Founded in 2016, Elementor's growth has continued to accelerate. While it took two years to reach its first million websites, this latest one million milestone took just over three months to achieve with over five million websites using its code-free, drag-n-drop platform. Major business and media sites including the New Yorker, TripAdvisor, Vogue, Crunchbase and GrubHub now use Elementor. 

With the impact of the coronavirus forcing many businesses online, there has been a 32% increase in website building demand since the outbreak of the global pandemic in the US alone. The high adoption rate of Elementor is driving growth to the WordPress open-source movement,  as over 30% of Elementor users are new to WordPress and are using it for the first time.

"Over a third of the websites in the world run on WordPress and Elementor is increasingly responsible for WordPress' dominance," says Elementor CEO, Yoni Luksenberg. "Our goal of enabling professional web creators to easily and painlessly build stunning websites according to their specific needs is being fulfilled as an amazing community has grown around our platform. Furthermore, to see that we are actually converting unaffiliated users to the WordPress community is very important to us as we become the de facto way for web creators to build WordPress websites."

In a move designed to support its users in a time of crisis, Elementor recently announced an early launch of its Experts network which empowers the members of its global community to capture the current high level of demand. Additionally, it enables them to collaborate and grow their businesses by sharing their portfolios and services with Elementor peers in 152 countries. The network has received strong early feedback from users all across the world who have already closed deals through connections made on the platform.

Another indicator of the appreciation that Elementor has received from the WordPress community was recently seen with its second straight championship win in the annual Torque Magazine Plugin Madness bracket. Elementor came out on top of a field of 64 nominated plugins (out of 55,000 WordPress plugins) winning 82% of the popular vote in the final round.

Company Bio:

Elementor is the leading website builder platform on WordPress. Serving over 5 million websites, Elementor's code-free, open-source platform, empowers web professionals including web developers, designers, and marketers in 152 markets. Elementor's mission is to radically simplify web building, enabling web professionals and agencies to unleash their creative and business potential. For more information visit www.elementor.com or follow us on Facebook and YouTube.

Financial News Bureau

PayU Launches Initiative to Support Residential Societies Collect Dues Amidst COVID-19 Pandemic

PayU, India's leading payment gateway, has launched an initiative to help residential societies and its residents to collect and transfer their dues online amidst COVID-19 pandemic. Through PayU's offering, a resident welfare association (RWA) will be able to build a free customized website for its society with a built-in payment gateway and give residents a seamless checkout experience.

The societies and RWA's will be able to collect their dues instantly with payment links, which can be easily created and shared with residents via SMS, email and WhatsApp from the web or PayU app. The dues will be transferred immediately to the RWA's bank account. RWA's and societies will be able to auto-generate their society invoices and will be able to share it with residents via their preferred mode of communication. The residents will be able to pay their dues via 100+ payment modes including credit cards, debit cards, UPI, Net banking etc. from anywhere, anytime in a single click.

This initiative will be of great help for residents living in the society in the given scenario, because of its contactless nature and quick payment collection technology, adding to their safety and health aspect. For societies, customisable webfronts offer free websites, easy tracking and reconciliation of payments for administration purposes and reduction of human error. For residents, they offer a contactless, convenient and highly secure and transparent mode of paying their monthly dues.

Recently PayU also launched several innovative initiatives to help merchants, small and medium businesses (SMBs), NGOs and entrepreneurs manage the disruption caused by the COVID-19 crisis. For SMB's, PayU offered to build a free website for any merchant's business with a built-in payment gateway and get 100% TDR waiver on the first INR 50,000 worth of business done via PayU. Extending their support to NGOs and charities in collecting relief donations for COVID-19, PayU had announced zero transaction fees and processing of donations at no cost.

Through 'Startups Helping Startups' platform launched by PayU, emerging businesses were able to take help from each other. With as many as 32 partners such as Shopify, ZOHO, Shopmatic, Verloop, Atlassian, etc., start-ups were able to avail offers ranging from setting up e-commerce stores at INR 50 per month to the free web, app and Whatsapp Chatbots for customer support automation. Further to facilitate easy lending for businesses and help businesses get easy credit, PayU partnered with Indifi to bring easy loans for its merchants who needed credit to run their business smoothly. Merchants were able to avail loans that amounted up to INR 50 lakhs with offers such as revolving line of credit with the flexibility of drawdown as and when needed.

About PayU India

PayU, India's leading online payment solutions provider, is regulated under the Reserve Bank of India and has advanced solutions to meet the digital payment needs of the Indian market.

PayU provides payment gateway solutions to online businesses through its cutting-edge and award-winning technology. In India, PayU serves more than 350,000 merchants with 70+ local payment methods and is the preferred payments partner for nearly 60% of the e-commerce merchants, including all leading e-commerce companies and a majority of airline businesses.

PayU also developed LazyPay in 2017, an alternate lending platform to offer credit solutions such as Small Ticket Credit (Buy Now Pay Later), App-based loans (Instant personal loans) and Point of Sale Credit (Merchant EMI). LazyPay Buy Now Pay Later is currently live on 100+ merchants such as Byju's, Swiggy, Flipkart, Makemytrip, Dunzo, Vodafone, Zomato, Bookmyshow, Oyo, Tata Sky and many more.

Financial News Bureau

L&T Technology Services Reports 11 Percent Revenue Growth in FY20

FY20 Revenue of Rs 5,619 crore, up 11%; FY20 Net Profit of Rs 819 crore, up 7% 

L&T Technology Services Limited (BSE: 540115, NSE: LTTS), India’s leading pure-play engineering services company, announced its results for the fourth quarter ended March 31, 2020.

Highlights for FY20 include:

•  Revenue at Rs 56,191 million; growth of 11%

•  USD Revenue at $786 million; constant currency growth of 9.3%

•  EBIT margin at 16.5%; up 50bps

•  Net profit at Rs 8,186 million; growth of 7%

•  Board has recommended a final dividend of Rs 13.50 per share

Highlights for Q4FY20 include:

•  Revenue at Rs 14,466 million; growth of 8% YoY

•  USD Revenue at $195.4 million; growth of 3.4% YoY in constant currency

•  Net profit at Rs 2,048 million; growth of 7% YoY

During the quarter, LTTS won 9 multi-million dollar deals across all major industry segments which includes one deal with TCV of USD30mn plus. On a YoY basis, LTTS has increased its USD20mn+ clients by 3 and its USD10mn+ clients by 5.

“We closed FY20 with 11% revenue growth accompanied by an improvement in operating margin despite multiple headwinds through the year – starting with Telecom & Hitech segment in Q1FY20 and ending with Covid-19 in Q4FY20. While Covid-19 is an ongoing challenge, we have continued to be the reliable and preferred partner to our customers while at the same time taking care of the health and safety of our employees. In response to the pandemic, LTTS has rolled out a suite of digital offerings, including i-BEMS Shield for safe workplaces and Frugal Manufacturing to help enterprises transfer or prioritize their manufacturing & production lines.

The near-term outlook for the world economy appears uncertain as a result of the fallout from the global pandemic, however we see this crisis accelerating the trend of customers seeking credible partners who bring capability and speed-to-market. We believe this will lead to greater consolidation and enable us to expand engagement scopes once customers adjust and re-draw their business plans under a new normal.

The scale, track record and recognition that we have built over the past decade has been on the back of our investments in people, competency building and technology design labs which we are determined to continue so that we reach the milestones we have set for ourselves”, said Dr. Keshab Panda, CEO & Managing Director, L&T Technology Services Limited.

Industry Recognitions:

•  IDC rated LTTS as ‘Leader’ in Worldwide Business and Industrial IoT Engineering and Managed Services 2020

•  LTTS was rated as an overall leader by NelsonHall in Digital Manufacturing Services

•  Conferred with the U.S. based Brandon Hall Award for Best Advance in Employee Rewards and Recognitions

Patents
At the end of the fourth quarter, the patents portfolio of L&T Technology Services stood at 502, out of which 365 are co-authored with its customers and the rest are filed by LTTS.

Human Resources
At the end of Q4FY20, LTTS’ employee strength stood at 16,883, a net addition of 96 during the quarter.

About L&T Technology Services Ltd

L&T Technology Services Limited (LTTS) is a listed subsidiary of Larsen & Toubro Limited focused on Engineering and R&D (ER&D) services. We offer consultancy, design, development and testing services across the product and process development life cycle. Our customer base includes 69 Fortune 500 companies and 53 of the world’s top ER&D companies, across industrial products, medical devices, transportation, telecom & hi-tech, and the process industries. Headquartered in India, we have over 16,800 employees spread across 17 global design centers, 28 global sales offices and 51 innovation labs as of March 31, 2020.

Financial News Bureau

Onward Technologies Achieves the Goal of Net Debt Zero in FY 19-20

Onward Technologies Ltd. (BSE: 517536 | NSE: ONWARDTEC) announces its results for Financial Year 2019-20, ending 31st March 2020.

FINANCIAL PERFORMANCE & HIGHLIGHTED RATIOS

•  Revenue was Rs 272.60 crores, up 4% from FY 18-19

•  EBITDA was Rs 24.43 crores, up 3.5% from FY 18-19

•  PAT was Rs 6.23 crores

•  Dividend of Rs 1.5/- per equity share has been recommended

•  EPS was at Rs 3.90 per share

Commenting on the company performance, Managing Director, Mr. Jigar Mehta said, "I'm pleased to share the FY 19-20 annual performance of the company where we achieved our top primary goal of Net Debt Zero at a consolidated level. This was possible with the phenomenal effort of our entire team globally with high level focus on customer service & providing superior quality deliverables on time- every time.

We achieved the Zero Net Debt goal in early Q3 & since then aggressively started investment in hiring large number of talented people for new practice lines. Covid-19 took us by complete surprise & we were not prepared for the total client shutdown in March and early Q1 of FY 20-21.  This had a major impact on our Q4 performance along with the one-time hit of pre-planned closure of loss-making initiatives. Since then, we have taken corrective steps of bringing down the operation and infrastructure costs quickly to provide the flexibility and adaptability our clients expect from us.

Work from home (WFH) as engagement model is becoming new normal and our customers are accepting the change. We have successfully put entire ODCs under this model & are delivering with same effectiveness. This needed special focus on trainings, team and work management, data security aspects in terms of protecting customer IP, and necessary compliance agreements. The quick and bold BCP initiatives received lot of our client’s appreciation including new client wins which will help strengthen our relationship in the long run."

Key highlights:

•  In an environment where customers are looking for reliable, strategic partners and not merely transactions, Onward Technologies continues to add to its portfolio of top global companies across industries. In FY 2019-20, we were selected as preferred supplier to 5 additional global 1000 companies. Most noteworthy is the fact that these partnerships are not only in our legacy engineering business but also in our new-age digital transformation and Industry 4.0 capabilities. 

•  Adoption of IND AS accounting standards

Onward Technologies voluntarily adopted IND AS 116 accounting standards. The short term impact is a negative impact on profitability of Rs 1.19 crores, but this ensures the aim of becoming a global organisation is not diluted.

•  IT Refunds

An amount of approximately Rs 11+ crores remains due to the Company in the form of tax refunds. Our focus is to aggressively shore up these funds in the coming quarters, and further strengthen the overall cash position of the Company. 

•  Employee satisfaction

As Onward Technologies enters the 30th year of operations, the organisation remains committed as ever to engage, retain and nurture top talent. Introduction of the ESOP 2019 scheme is one of the steps in this direction.

About Onward Technologies Limited
For global manufacturers and OEMs, Onward Technologies is the services provider that translates your vision into reality with flawless execution and capabilities across digital transformation suite, embedded systems, engineering services, data analytics, AI and ML.

We are on a mission to help clients shape the imagination of a new world by leveraging our domain knowledge and delivery experience across connected systems, Engineering R&D and Digital transformations.

We strive to add value to every customer requirement with the right deployment of experts, capabilities and systems for perfect execution and nimble turnaround.

Established in 1991, Onward Technologies caters to customers who are leading players in their respective fields.

Onward Technologies is listed on Bombay Stock Exchange (BSE: 517536) and National Stock Exchange (NSE: ONWARDTEC).
Certifications:

•  ISO 9001:2015 quality certified

•  ISO 27001: 2005 information & data security certified

Financial News Bureau

Digital Health EMI Network Card - Know About the Card Charges and Fees

Bajaj Finance Limited, the lending and investing arm of Bajaj Finserv offers a Digital Health EMI Network Card to make medical expenses affordable. Using it, customers can not only access the best treatments over a range of disciplines like endocrinology, dermatology, obstetrics, gynaecology, cosmetic surgery, and more, but also pay for their healthcare, diagnostic and pharmacy bills on No Cost EMIs. 

With partners such as Columbia Asia Hospitals, Apollo Hospitals, Dr.Batra’s and more, customers can avail 800+ treatments from over 5,500 healthcare institutions, such as multi-specialty hospitals, pharmacies, diagnostic care centres, slimming centres, dental care clinics and more, spread across 1,000+ cities in India.

With a pre-approved limit of up to Rs. 4 lakh on the card, customers can conveniently pay for not only their healthcare cost but also for their families. The card comes with a joining fee of only Rs. 707. Upon availing the required medical treatment in any of the partner clinics or hospitals, customers can simply use the Digital Health EMI Network Card to divide the cost of the bills into 24 No Cost EMIs. What’s more, the card offers a complimentary Personal Accidental Insurance of Rs.1 lakh for 1 year without any extra charges over the joining fees. 


Besides, the Digital Health EMI Network Card offers discounts throughout the year. Here are the current offers:

•  Instant discount of 15% for Apollo Private label products (10% on medicines (except DPCO) & 5% on FMCG products) on Health EMI Network Card by using the billing code: Bajaj Health Card – 7089 at Apollo pharmacies till 31st December, 2020.

•   A 40% discount on immunity fight back packages at Truweight till 30th September, 2020.

All current offers can be accessed through the Bajaj Finserv Wallet App and are available to existing Bajaj Finserv customers with an active card as of 31st March, 2020.

Applicable charges and fees for the Bajaj Finserv Digital Health EMI Network Card

Types of fees	Applicable charges
Joining fees	Rs.707 (Inclusive of taxes) for Insta Digital Health EMI Card Rs.589 (Inclusive of taxes) for Non-insta Digital Health EMI Card
Instant activation fee	Rs.118 inclusive of taxes
Mandate registration charges	Rs.118 inclusive of taxes
NACH/Cheque bounce charges	Rs.450 inclusive of taxes
Mandate rejection charges (applicable on the failure to register a new mandate form within 30 days from the rejection of the previous mandate form by the customer’s bank)	Rs.450 inclusive of taxes
Document/Statement charges/ Statement of Account/ Repayment Schedule/Foreclosure Letter/ Interest Certificate/ No Dues Certificate /List of documents	No cost if downloading via Experia, the customer portal. If collecting from a branch, cost is Rs.50 inclusive of tax
Penal interest/amount	4% per month + taxes on the amount of monthly instalment outstanding as on that date

Steps to avail a Bajaj Finserv Digital Health EMI Network Card:
Existing Bajaj Finserv customers who have a pre-approved Digital Health EMI Card offer can avail the card in just 5 minutes through a paperless and 100% digital process.

To get it now, these customers can simply:  

•  Apply online from the comfort of their home

•  Enter their registered number

•   Enter the OTP sent to it

•  Check their pre-approved offer

•  Pay a one-time joining fee of Rs.707

The Bajaj Finserv Wallet App ensures easy access to the card. Besides, customers get a credit limit that is 2 to 4 times larger than their EMI Network Card limit. Those who aren’t yet a member of the EMI Network can visit their nearest partner hospital, medical centre, or clinic to get access to No Cost EMI financing. New customers and cardholders (post 31st March, 2020) can transact using their digital health card only post the lockdown.

With the Digital Health EMI Network Card on hand, customers can avail of quality healthcare without putting a strain on their savings.


About Bajaj Finance Limited
Bajaj Finance Limited, the lending company of Bajaj Finserv group, is one of the most diversified NBFCs in the Indian market catering to more than 40 million customers across the country. Headquartered in Pune, the company’s product offering includes Consumer Durable Loans, Lifestyle Finance, Lifecare Finance, Digital Product Finance, Personal Loans, Loan against Property, Small Business Loans, Home loans, Credit Cards, Two-wheeler and Three-wheeler Loans, Commercial lending/SME Loans, Loan against Securities and Rural Finance which includes Gold Loans and Vehicle Refinancing Loans along with Fixed Deposits. Bajaj Finance Limited prides itself on holding the highest credit rating of FAAA/Stable for any NBFC in the country today. It is also the only NBFC in India with the international ‘BBB’ with stable outlook for long-term, by S&P Global Rating.


To know more, please visit: https://www.bajajfinserv.in

Financial News Bureau

Liberty General Insurance Delivers Exemplary Customer Experience With Its Latest Version of LivMobile App

In a bid to offer a digitally seamless experience to its customers, Liberty General Insurance Ltd. (Liberty), known for its innovative approach in product offering and customer service, has upgraded its mobile app, LivMobile, into an exciting, all-new avatar. Whether it is car or health insurance, claims or renewals, the LivMobile app packs in everything customers need into the palms of their hands.

With a highly intuitive interface and a customer-centric design, the LivMobile app delivers exemplary service experience to its customers. Along with an upgrade to the design and user experience, Liberty General Insurance has added three new features that simplifies life for customers:
 

•  Click It, Claim It: This feature redefines the claims process. As a policyholder, a customer can now submit a claim in a completely hassle-free way through the mobile phone anytime, from anywhere in just one click.

•  One-Click Quote: When it’s time for renewal, the customers get a reminder and a quote at the click of a button. 

•  E-Locker: The unique e-locker lets the customers store all their insurance policies, including those from other insurers in one place. Moreover, the customers get reminders when their premium is due so that they do not miss out on the due date.

Speaking on the development, Mr. Roopam Asthana, CEO & Whole Time Director, Liberty General Insurance said, “Our new, revamped LivMobile app reiterates Liberty’s customer-first approach and brings us a step closer to a digitally seamless experience for our customers. We have made a conscious effort to make our app more versatile and user friendly and provide a hassle-free experience for our customers. All crucial customer interactions including policy issuance, renewal or claim initiation are now available to our customers with a paperless and simple interface. The e-locker facility is truly unique because it will help our customers manage multiple insurance policies, across health and motor, in one single app.”

LivMobile app is available both on Android and iOS supported smartphones. The existing users will get notifications to upgrade to the revamped app.

About Liberty General Insurance
Liberty General Insurance Ltd (LGI) is a joint venture between Liberty Citystate holdings PTE Ltd—a group company of Liberty Mutual Insurance Group, a diversified global insurer with over 900 offices across the world, headquartered in the U.S.—Enam Securities, and Diamond Dealtrade. LGI commenced operations in 2013 with the aim of providing comprehensive retail, commercial and industrial insurance solutions. The company has an employee strength of 1100+ with presence across 100+ locations in 28 states. Its partner network consists of about 5100+ hospitals and more than 4300 auto service centres. The company offers health and personal accident insurance, car and two-wheeler insurance, employee compensation insurance, commercial insurance, fire and engineering insurance, marine insurance and other miscellaneous insurance products in India.


LivMobile App for Android: https://play.google.com/store/apps/details?id=com.lvgi.livmobile&hl=en

LivMobile App for iOS: https://apps.apple.com/in/app/livmobile/id1273637191


Financial News Bureau

WNS Files 2020 Annual Report on Form 20-F

WNS (Holdings) Limited (NYSE:WNS) (the “Company”), a leading provider of global Business Process Management (BPM) services, announced the filing of the Company’s Annual Report on Form 20-F for the fiscal year ended March 31, 2020 with the United States Securities and Exchange Commission (the “SEC”). The Annual Report was filed with the SEC on May 1, 2020. The document is also available on the Company’s website at www.wns.com. Shareholders may request a printed copy of the Company’s audited financial statements, free of charge, by sending a written request to the Company Secretary, Mourant Secretaries (Jersey) Limited, of 22 Grenville Street, St Helier, Jersey JE4 8PX, Channel Islands (MourantGSWNS@mourant.com, attention: Michael Lynam, telephone: +44 1534 676 091) or Gopi.Krishnan@wns.com, attention: Gopi Krishnan.


About WNS
WNS (Holdings) Limited (NYSE: WNS) is a leading Business Process Management (BPM) company. WNS combines deep industry knowledge with technology, analytics and process expertise to co-create innovative, digitally led transformational solutions with over 375 clients across various industries. WNS delivers an entire spectrum of BPM solutions including industry-specific offerings, customer interaction services, finance and accounting, human resources, procurement, and research and analytics to re-imagine the digital future of businesses. As of March 31, 2020, WNS had 44,292 professionals across 61 delivery centers worldwide including facilities in China, Costa Rica, India, the Philippines, Poland, Romania, South Africa, Spain, Sri Lanka, Turkey, the United Kingdom, and the United States. For more information, visit www.wns.com.


Financial News Bureau

AutoBCM exemplifies Business Continuity Management

As businesses worldwide grapple through dwindling revenues and uncertainties, Ascent Technology Consulting, a global leader in enterprise business continuity management has registered a rise in enterprises exploring for the right BCM and crisis management measures.

Business continuity is a proactive plan to avoid and mitigate risks associated with disruption of operations. It details steps to be taken before, during and after an event to maintain the financial viability of an organization.

While Business Continuity Management(BCM) is the need of the hour for organisations, a sizable section of them still lurk in confusion regarding the right investment decisions. AutoBCM(Business Resiliency Software) enterprise wide full-scale BCM automation solution has accelerated its efforts to meet with the growing demand of the large enterprises, mid-sizedfirms and SME businesses across industries.

Ascent BCM allows companies to take a holistic approach to identifying potential threats and their impact on its business and put preventative measures in place.  Ascent’s BCM software allows instant access to quickly identify the process for dealing with any given situation. The platform which is available in two versionson premise and over the cloudallows instant access to quickly identify the process for dealing with any given situation. The solution cuts across the key BCM parameters including end to end regulatory compliance, uninterrupted customer service and unparalleled business agility to ensure business survival in a crisis scenario.

Furthermore, the proprietary offering AutoBCM meets ISO 22301 & respective industry regulations. With multi sector and multi industry domain exposure, Ascent is experienced in many sectors in assisting companies to implement stringent BCM solutions.

“The surging outbreak of the Coronavirus and its impact on enterprises calls for a cutting-edge, easy to deploy business continuity platform. AutoBCM by Ascent comes as a scalable, robust and highly integrated platform catering to multiple BCM requirements. The solution has been specifically tailored to offer comprehensive business continuity planning, initiation of recovery action, risk assessment and disaster tracking,’’ said Mr Kundan S Shekhawat, Founder and CEO, Ascent Technology Consulting.

Ascent Technology Consulting has worked with some of the biggest names across global industries with more than half of its clientele comprising Fortune 500 firms.

‘’In the prevailing scenario of rapidly spreading Coronavirus and lockdown extensions, it is imperative for businesses to focus on recovery objectives and chalk-out backup plans in case the situation worsens to minimize the impact,’’ added Shekhawat.