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LIC unveils app for its development officers

Recently LIC had launched the ANANDA Mobile App which is digital paperless solution which received overwhelming response from its agents.

LIC has been taking lot of customer centric and digital initiatives for ease of operations for its customers and field force 

It has also come out with an artificial intelligence technology based app “Jeevan Saakshaya” which enables its annuitants and retired employees to submit life certificate from the comfort of their home instead of visiting LIC office for submitting Life certificate.

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Total market cap of listed InsurTechs surpasses $22 billion in 2020:Capgemini Report

For the first time, 50% of customers today are willing to consider coverage from a new age player.

“As traditional insurers expand their ecosystems to remain competitive, they must increasingly consider the value achievable through trusted partners, including BigTechs, InsurTechs and non-traditional players like original equipment manufacturer (OEMs). The numbers clearly suggest that exponential InsurTech growth is here to stay, so delivering superior customer CARE(Convenience, Advice and Reach) is essential. Future success in the industry will depend on players’ existing capabilities across the value chain, willingness to invest, and desire to own the customer relationship,” said John Berry, CEO of Efma.

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Allianz Partners expands its Digital Health Assistant to ten markets in Asia-Pacific

“We are very excited to bring Digital Health Assistant to our customers and partners in the Asia-Pacific region. Allianz Partners’ focus on accelerating its Digital Access to Care initiatives comes at a time of increasing demand for telehealth solutions and comprehensive digital health services particularly in the context of the ongoing Pandemic. We’ve reached a new milestone in bringing peace of mind and reassurance to our customers with this all-in-one platform. Allianz Partners will continue to invest in bringing market leading health and mental wellbeing solutions to support our customers and communities,” comments Vinay Surana, CEO Asia Pacific, Allianz Partners.

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Sold electric scooters worth over Rs 600 cr in a day: Ola co-founder

Ola Electric had opened pre-launch bookings of its electric scooters in July for Rs 499 and had received 1 lakh orders in just 24 hours. However, the company has not disclosed how many orders it has received so far.

Ola is setting up a manufacturing plant, spread across 500 acres, in Tamil Nadu with an investment of Rs 2,400 crore.

The company had stated that it would initially start with 10 lakh annual production capacity and then scale it up to 20 lakh, in line with market demand, in the first phase.

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Cabinet clears auto PLI scheme for EVs, hydrogen fuel cell vehicles

This PLI scheme for automotive sector along with the already launched PLI scheme for Advanced Chemistry Cell (Rs 18,100 crore) and Faster Adaption of Manufacturing of Electric Vehicles (Rs 10,000 crore) will enable India to leapfrog from traditional fossil fuel-based automobile transportation system to environmentally cleaner, sustainable, advanced and more efficient Electric Vehicles (EV) based system.

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India top source of social media misinformation on COVID-19: Study

The study, “Prevalence and Source Analysis of COVID-19 Misinformation in 138 Countries”, was published in Sage’s International Federation of Library Associations and Institutions journal.
“Social media (84.94 per cent) produces the largest amount of misinformation, and the internet (90.5 per cent) as a whole is responsible for most of the COVID-19 misinformation. Moreover, Facebook alone produces 66.87 per cent of the misinformation among all social media platforms,” it stated.

Earlier, the World Health Organisation had also warned that false information on COVID-19 is spreading and putting people in danger.

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