He further said Magenta has aggressive plans in EV space and aims to set up 100 charging stations at various locations in Mumbai and is in discussions with various stakeholders to this end. ************ IHG launches new upscale brand, voco *
IHG (InterContinental Hotels Group) today announced the launch of voco, a new upscale brand, under which the global hospitality group is expecting to open over 200 hotels over the next 10 years.
IHG expects that voco will focus on conversion opportunities and will strengthen IHG's offer in the USD 40 billion upscale segment, which is expected to grow by a further USD 20 billion by 2025. ************ IDBI Federal Life launches 'Dream Builder Plan' *
IDBI Federal Life Insurance today announced the launch of its 'Dream Builder Plan', a non-linked, non-participating life insurance plan.
The policy will ensure guaranteed annual payouts, which are a defined percentage of the Maturity Sum Assured and will be paid out in the last three years of the policy, a release said here.
"We have designed a comprehensive financial solution
the 'Dream Builder Plan', the guaranteed cash flow from the plan can meet fixed expenses like child's education, marriage, or for that matter a family vacation," IDBI Federal Life CMO and head products and strategy, Karthik Raman said. ************ DPLI covered to 4.15 cr underprivileged people in last 4 yrs *
DHFL Pramerica Life Insurance (DPLI) today said it has provided life insurance cover to 4.15 crore people through its partnerships with 77 microfinance partners, including NBFC-MFIs, small finance banks among others.
During FY17-18, DPLI has paid claims worth Rs 108 crore and has covered 1.93 crore lives, a release said here.
"Our customers who take income generating loans from the MFIs are highly vulnerable to financial shocks and life insurance is a must to support them in times of crises.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)