Finvis Services Pvt. Ltd.’s Post

One of its kind product needs one of its kind launch .. Elevated to be part of the journey of our newly launched Industry first health Indemnity product "Elevate" Powered by AI.. #Elevate #ICICILombard #PoweredwithAI #HealthInsurance

Tier 2 and 3 Indian Cities: New Growth Engine for Motor Insurance • Over 90% of motor insurance policies and premiums during festive season came from tier 2 and 3 cities • Key factors driving growth:  - Increasing vehicle ownership  - Greater insurance awareness • Turtle mint (Insurtech platform) insights:  - 4 lakh+ motor insurance policies issued  - 2x increase in sales compared to last year  - 2.3x increase in total premium (Aug-Oct) • City-wise premium growth:  - Jaipur: 191%  - Indore: 31%  - Lucknow: 15% • Overall industry trends:  - Two-wheeler industry: 11-14% growth forecast for FY25  - October 2024: 14.2% increase in two-wheeler sales (21.64 lakh units)  - Passenger vehicle sales hit record 3.93 lakh units in October • Factors contributing to growth:  - Steady replacement demand  - Improved rural demand due to healthy monsoon  - Festival season discounts and offers Source: https://lnkd.in/efTM8DTm #MotorInsurance #InsurTech #IndianMarket #TierIICities #Insurance #VehicleInsurance #InsuranceIndia #InsuranceNews #NewsDaily #BasketOptionInsure

We recently visited Bhopal to meet with leading hospitals and gain insight into the policyholder's experience at the insurance desk. Our findings revealed that most hospitals do not assist in understanding policy coverages, often directing policyholders to their agents or insurers. While hospitals focus on notifying insurers and securing cashless approvals, they typically do not explain rejection reasons, leaving policyholders in the dark. This results in a mixed experience for policyholders: satisfaction if the cashless process is successful and frustration if rejected, without clarity on the next steps. Additionally, many policyholders are unaware that they need to apply for reimbursement post-cashless approval, leading to an incomplete insurance journey. Our goal is to bridge this gap and guide policyholders throughout their journey, ensuring they fully understand their coverage and the steps involved, whether their claim is accepted or rejected. #hospital #bhopal #TPAdesk #Insurance #cashlessapproval #reimbursement

Understanding the importance of the sum insured is crucial for effective insurance coverage. CEO Ravi Tiwari sir is , here to break it down for you: The sum insured is the maximum amount your insurer will pay in case of a claim. It's essential to choose a sum that covers potential losses adequately. Properly ensuring yourself safeguards your future and provides peace of mind✨ 📍21,2nd Floor Metro Plaza Bittan Market, E5 Arera Colony, Bhopal For more information, call us at 7554854528 or visit our website (link in bio) [Claims Nidan , Ravi Tiwari ,Sum Insured] #ClaimsNidan #SumInsured #Insurance101 #FinancialSecurity #RaviTiwari #CEORaviTiwari #InsuranceTips #SecureYourFuture #CEOInsights #InsuranceKnowledge #SmartInsurance #ProtectYourAssets

Understanding Insurance Terms with Ravi Sir: Break Period vs. Grace Period! 🚦 Ever wondered what a break period and grace period in your insurance policy mean? 🤔 Our CEO, Ravi Sir, is here to simplify it for you! 📍21,2nd Floor Metro Plaza Bittan Market, E5 Arera Colony, Bhopal For more information, call us at 7554854528 or visit our website (link in bio) [Claims Nidan , Ravi Tiwari , Grace Period, Break Period] #ClaimsNidan #BreakPeriod #GracePeriod #RaviTiwari #CEORaviTiwari #InsuranceTips #SecureYourFuture #CEOInsights #InsuranceKnowledge #SmartInsurance #ProtectYourAssets

🙏"Thank you to our COS Sam Samuel Boss, VP Shilpa Shaligram ma'am for the Recognition and Appreciation. I’m truly honored to be named the Best Performer at our Nashik branch. Your support and encouragement mean a lot, and I look forward to continuing to contribute to our team’s success!" 🏆💫💫✨✨⚡ #iciciprudential #iloveicicipru #mdrtcreation #Insurance #Investment #WealthManager

𝗥𝗮𝗶𝗹𝗧𝗲𝗹 𝗦𝗵𝗮𝗿𝗲𝘀 𝗥𝗶𝘀𝗲 𝟯% 𝗔𝗳𝘁𝗲𝗿 𝗦𝗲𝗰𝘂𝗿𝗶𝗻𝗴 𝗥𝘀 𝟭𝟱𝟱 𝗖𝗿𝗼𝗿𝗲 𝗢𝗿𝗱𝗲𝗿. • RailTel Corporation's stock gained 3% in early trading on September 27 after the company announced a significant work order worth Rs 155.72 crore from the Rural Development Department, Maharashtra. • The order pertains to the operationalization of the ASSK-GP project in the Konkan, Pune, and Nashik regions, reflecting RailTel's expanding role in state-level digital initiatives. 𝗖𝗼𝗻𝘀𝗶𝘀𝘁𝗲𝗻𝘁 𝗢𝗿𝗱𝗲𝗿 𝗪𝗶𝗻𝘀 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁 𝗥𝗮𝗶𝗹𝗧𝗲𝗹’𝘀 𝗚𝗿𝗼𝘄𝗶𝗻𝗴 𝗣𝗼𝗿𝘁𝗳𝗼𝗹𝗶𝗼. • In addition to the Maharashtra project, RailTel secured a Rs 48.70 crore contract from Health Insurance TPA of India Ltd. on September 17 for an Integrated Claims Management Solution Portal and Mobile Application. • Earlier, on September 13, RailTel received a Rs 19.70 crore work order from Northern Railways for the provision of Double Distant in connection with DFC Feeder routes over the Lucknow Division. 𝗦𝘁𝗼𝗰𝗸 𝗣𝗲𝗿𝗳𝗼𝗿𝗺𝗮𝗻𝗰𝗲: 𝗩𝗼𝗹𝗮𝘁𝗶𝗹𝗲 𝗯𝘂𝘁 𝗦𝘁𝗿𝗼𝗻𝗴 𝗥𝗲𝗯𝗼𝘂𝗻𝗱. • RailTel’s stock is currently trading 25.36% below its 52-week high of Rs 618, achieved on July 12, 2024. • However, it has surged 130.3% above its 52-week low of Rs 200.30, indicating a strong recovery and positive investor sentiment despite market fluctuations. 𝗦𝘁𝗼𝗰𝗸 𝗶𝗻 𝗳𝗼𝗰𝘂𝘀 𝗖𝗼𝗺𝗽𝗮𝗻𝘆 𝗻𝗮𝗺𝗲 - 𝗥𝗮𝗶𝗹𝘁𝗲𝗹 𝗖𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗶𝗼𝗻 𝗼𝗳 𝗜𝗻𝗱𝗶𝗮 𝗟𝘁𝗱 𝗖𝗠𝗣 - ₹𝟰𝟲𝟴 𝗠𝗸𝘁 𝗖𝗮𝗽 - ₹𝟭𝟱𝟬𝗯𝗻 Rishabh Kale

Very happy to share that On GURUPURNIMA day I Conducted an exclusive session for Cat C, B & B+ Cat FLSMs of Andra Pradesh & added lot of value in their life. 80+ Attended. Used my best experience to touch their hearts about importance of Career, Role as Head of the family with Bogie concept ( with my Unique downloading style) , Major Spikes in life with Tsunami example , 4 wells theory about Job Shifts, Income & expenditure linked to promotions, #Financial loss if not promoted ,#3 Deaths & so many practical insights. Every one understood that value of this program and measured the program in money value ie 50K, 75k, 100 K etc & really felt that they are lucky to get this program. I have seen the spark in them.Similar power packed programs have been done by me during my tenure as RSM at Chennai & Karnataka regions. I know the value of this program & this Session has the power to #TRANSFORM any one in life insurance sector, #SALES guys of any organisation. A" #long term career with SBIlife". This was my #ICONIC program that has helped me to transform #Bottoms up #Bottom performers #B&C category UMs in SBI life insurance. Just one session is enough to Change their mindset & definiteky The employee will realise his mistakes. Happy to be part of their Success journey. #ARkanigiri@lifeinsurance #Arjunaraokanigiri

As we approach the 40th anniversary of the #Bhopal gas disaster (see Union Carbide’s Bhopal Incident: A Retrospective in the Journal of Risk and Uncertainty), I was thinking about the legendary Bob Clements and how he transformed the business insurance landscape, starting with a brilliant innovation - the ‘occurrence reported’ coverage trigger for liability insurance and how it enabled the formation of ACE and XL in #Bermuda in 1985/86. We lost Bob and his terrific mind in 2010, but his impact on our industry and on business generally, as captured in this Forbes profile (‘Second Act’), lives on in many ways, including: 1) ideas matter especially when it comes to organizing capital to treat catastrophic risk and enable economic growth; 2) insurance broking is an art form that is indispensable in selling complex risks into the risk markets; 3) with all due respect to F. Scott Fitzgerald, second acts are not only possible but very achievable for those with the courage to act on their ideas and convictions (see also RT Specialty and Aon founder Patrick G. Ryan). #ideas #complexrisk #insurance #catastrophicrisk #artofbroking #casualty Second Act https://lnkd.in/eUdkF3qK

Business Interruption Due to Rain: An Urgent Need for Insurance Over the past few days, heavy rains have wreaked havoc across Gujarat, severely impacting industries in key districts like Ahmedabad, Rajkot, Vadodara, and Anand. Reports suggest that state-wide production dropped by nearly 50%. The situation in Sanand GIDC—a model industrial estate—highlights the critical challenges faced by businesses: power and water cuts have affected around 300 of the 550 factories, with a flooded substation halting power supply to numerous units. This disruption underscores the urgent need for Business Interruption Insurance. This insurance coverage can provide vital support during such unforeseen events, compensating for lost income and covering ongoing operational expenses when businesses are forced to halt production due to natural disasters like heavy rain. Why is Business Interruption Insurance crucial in situations like this? - Revenue Protection: It ensures businesses receive compensation for income lost during forced closures or slowdowns. - Operational Expense Coverage: Essential costs like rent, salaries, and utility bills are covered even when business activities are on hold. - Recovery Support: Helps businesses get back on their feet faster by covering the costs associated with resuming normal operations. Given the recent severe disruptions in Gujarat, where hundreds of factories have been brought to a standstill, the importance of having robust insurance coverage is more apparent than ever. Business owners should take this as a wake-up call to reassess their insurance portfolios and ensure they are protected against such unpredictable yet increasingly common events. Protect your business today—don’t let the next storm catch you off guard. #Insurance #BusinessInterruption #MonsoonRisks #GujaratIndustries #RiskManagement #BusinessContinuity #MSME Video courtesy - Ahmedabad Mirror