BAJAJ ALLIANZ LIFE INSURANCE COLLABORATES WITH
THOMAS COOK INDIA
Tie up to offer Life Insurance solutions across over 160 Thomas Cook offices
Mumbai, 12th June 2008:
Thomas Cook, India’s largest integrated travel and travel related financial services company will now offer life insurance solutions of Bajaj Allianz Life Insurance, one of the leading private sector life insurance companies in India through its distribution network of over 160 retail branches across the country. Speaking on this occasion Kamesh Goyal, Country Manager Allianz and CEO Bajaj Allianz Life Insurance said “Our partnership will help us offer life insurance solutions through direct contact points at Thomas Cook retail offices, e-business site and other locations”.
Madhavan Menon , Managing Director, Thomas Cook (India) Limited added to this and said, “This partnership will help us to leverage the quality of service we offer to our customers. Providing life insurance products to our customers across our 160 offices is a step forward in making Thomas Cook India a one-stop-shop for all your travel needs.”
About Bajaj Allianz Life Insurance:
Bajaj Allianz Life Insurance Company is the leading Private Sector life insurance Company in India. With a pan India presence and over 950 + towns, Bajaj Allianz Life Insurance has already sold over 5 million policies. Bajaj Allianz Life Insurance has developed insurance solutions that cater to every segment and age-income profiles. For companies it provides comprehensive 'Employee Benefit Solutions' (Group Term Life, EDLI, Gratuity, Super-annuation, Key man Insurance and more); for the individual Invest Gain (a unique life insurance plan where sustenance of income is combined in the same plan that also pays a lump sum), Cash Gain (Money Back), Child Gain (Children's plan), Care First, Risk Care (Pure Term), Lifetime Care (whole life), Term Care (term with return of premium), Saran Visitant (Retirement Plan), Protector (Mortgage term insurance plan), UnitGain Plus Gold, New UnitGain Super, New Family Gain, New UnitGain Plus, New UnitGain, New UnitGain Premier, New UnitGain Easy Pension Plus, New UnitGain Easy Pension Plus Single premium and Future Secure. Currently Bajaj Allianz has a product portfolio of over 30 flexible and simple products and more need-based products are in the pipeline.
About Thomas Cook (India) Limited:
Thomas Cook (India) offers a broad spectrum of travel and related services such as package tours, currency exchange and travel insurance as well as hotel and flight reservations. Thomas Cook has been present in India for over 125 years and operates over 160 offices at various locations in the country and has operations in Sri Lanka & Mauritius. It employs over 2,500 employees and generated Income from Operations of Rs 2.86 billion and a Net Profit of Rs. 519.2 million for 12 months period (Jan 07 – Dec 07). In its initiative to be a ‘One Stop Shop’, the Company offers unique travel products to its customers. During CY07, the Company launched a ‘Thomas Cook Titanium Credit Card’ and a foreign currency Debit Card. It also came up with products designed specially for students traveling abroad for higher studies. The Company was acquired by Thomas Cook Group PLC from Dubai Financial Group in March 2008. Additional information on Thomas Cook (I) Limited is available on the Company website www.thomascook.in
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