Bajaj Capital Insurance Broking and Royal Sundaram Co-Branded Home Insurance Product Launch

05 Jul 2006

Press Release - Wednesday, July 05, 2006

Royal Sundaram and Bajaj Capital Insurance Broking (BCIB) takes a step forward in customer service by introducing a hassle free home insurance policy "The VIP Home Shield".

The Product is specially designed for professionals who are always on the go and do not have time to fill those complicated forms. A Very simplified form is to be filled to cater to the needs of three generations - Children, Parents and Grand Parents.

This policy has many first:  It''s a hassle free policy with very few details required
It caters to the needs of three generations - Children, Parents and Grand Parents.
It''s the only policy in India to cater to medical equipment and wheel chairs for the elderly.
This is the first policy in India to cover jewelery in the bank lockers
This is the first policy to have simplified the claims processes.

Through its 115 Investment Centres (Retail shop to guide investors to where, when and how to invest) and 16 insurance Venues, Bajaj Capital offers its clients a large spectrum of Investment Advisory Products like Life/General Insurance, Mutual Funds, Compnay FDs, Government Bonds, Pension Schemes, Post Office Schemes, etc and Financial Planning Services like Insurance Planning, Investment Planning, Retirement Planning, Tax Planning, Children''s Future Planning under one roof.

"The synergy between BCIB and Royal Sundaram is something that we are very proud of, since our objectives are similar - not only customer satisfaction but customer delight. With a wide spread network of nearly 700 thousand clients spread in over 40 cities, our target is to be accessible to a client, small or big in metros as well as non metros, We are able to do this with the 24x7 support from Royal Sundaram" - Sanjiv Bajaj, Jt. Managing Director, Bajaj Capital Ltd.

"Our preferred relationship with Bajaj Capital has been extremely successful with the earlier launch of the co-branded Health product. This relationship has now moved to the next level with the introduction of the Home Insurance policy. Bajaj Capital''s extensive distribution network across many cities in India will help us provide easy access of insurance solutions to a wider customer network. Royal Sundaram clearly understand the needs of its customers and provides products best suited to these needs. We recognize partnerships as a key element in our growth strategy". Antony Jaocb - Managing Director, Royal Sundaram.