Comments
New India Assurance Co Ltd and BPCL have entered into an MoU to provide a package of three policies to registered transport contractors of the oil industry major.
The online facility developed and delivered by New India Assurance will enable the registered transport contractors of BPCL to take Carrier’s Legal Liability Insurance, and Public Liability (Act) Insurance & Motor Insurance at special prices, make payment online and receive the digitally signed policy in soft forms.
The MoU was exchanged at Mumbai between S. Ramesh, Executive Director of BPCL, and G. Srinivasan, Chairman and Managing Director of New India Assurance.
Ramesh said that this is a real innovative endeavour which will make insurance a very easy proposition to thousands of its transport contractors.
BPCL, he added, is contemplating to expand this facility to others. The company is also mulling to extend such insurance to affiliated workers like drivers and cleaners, loaders and associated helpers.
Srinivasan said that New India Assurance is eager to reach out to the transport sector through such IT-enabled services, which will help insurance to penetrate deeper into uninsured segments like uninsured vehicles.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.