Aditya Birla Sun Life Insurance presents DigiShield - first-of-its-kind fully customizable term plan - The Daily Guardian
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Aditya Birla Sun Life Insurance presents DigiShield – first-of-its-kind fully customizable term plan

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Mumbai (Maharashtra) [India], February 11 (ANI/NewsVoir): Aditya Birla Sun Life Insurance (ABSLI), the life insurance subsidiary of Aditya Birla Capital Limited (ABCL), announced a hyper-personalized term plan, ABSLI DigiShield Plan, to cater to the unique protection needs of customers.
This single plan will offer multiple plan options, added benefits linked to life stages, joint life protection, critical illness cover and rider options to tailor-make a distinctive protection solution, offering a comprehensive financial safety net for the customers and their loved ones.
People have various protection needs during different stages of their life and the hyper-flexibility offering of this plan helps to curate a protection strategy that aligns with their specific needs. Besides offering death benefit and acting as an income replacement tool, ABSLI DigiShield plan assists in comprehensive financial planning.
Unlike traditional term plans, this plan allows a customer to enjoy its benefits during their lifetime through the survival benefit option. Further, it provides a unique flexibility to reduce the sum assured at a pre-defined retirement age, allowing customers to align their cover as per their outstanding liabilities and the life stage. This whole-life cover with sum assured reduction feature is a first-of-its kind in the life insurance industry which offers life coverage until age 100 years.
Along with these fully customizable offerings, this plan also provides various premium paying terms, policy tenures and death benefit pay-out options to satisfy unique customer requirements. This holistic plan mitigates liabilities, provides protection to loved ones, and supports retirement and legacy goals.
“Recent uncertain times have generated a need for a resilient financial cover with customized offerings. 2021 would be the year of hyper-personalization and at ABSLI, we aim to offer solutions which evolve with changing needs and lifestyles of our customers. ABSLI’s DigiShield Plan is one of a kind offering that stands as testimony to our customer-centric ethos. Now, our new-age customer will be empowered to tailor make a comprehensive solution through the various personalization features and carve a protection policy which is a precise fit for self and family,” said Kamlesh Rao, MD & CEO, Aditya Birla Sun Life Insurance, commenting on the launch.
Unique benefits offered by the DigiShield plan:
* Sum assured reduction option with whole life cover – This option offers life coverage until age 100 years and also allows the customer to reduce the sum assured by 50 per cent or 25 per cent at a pre-determined retirement age. This unique flexibility allows customers to choose high sum assured in their earning years and reduce their life cover during their retirement years. It makes the offering ideal for salaried customers or people who have to manage their liabilities effectively.
* Survival income on attaining Age 60 years – This option provides monthly income to the customer on attaining Age 60 years and takes care of retirement income needs. Life cover continues throughout the policy term and the nominee is paid lumpsum benefit of sum assured, less survival benefits paid, in case of any unfortunate event. This option ensures need for life protection and retirement income is taken care under one plan.
* Income Benefit option – This option provides support to the dependent members of the customer in his/her absence by replacing the lost income with a 1.25 per cent of Sum Assured as fixed monthly income or increasing monthly income at 5 per cent (simple) per annum for a period of 10/15/20 years, as chosen by the customer at inception of the policy.
* Level cover option – The nominee is paid the absolute amount equal to the sum assured on death, in lump sum.
* Customize the plan based on your needs: DigiShield plan offers 10 plan options with a variety of benefits to suit every individual’s requirements. Some of the options that one can select from are
* Type of cover (level & reducing)
* Tenure of the policy (To Age 85 & Whole Life)
* Premium payment term (Single, Limited & Regular)
* Death benefit pay-outs (Lump sum, Monthly income and Lump sum plus Monthly income)
* Accelerated Critical Illness (ACI) benefit: Secured protection against 42 critical illnesses by opting for the Accelerated Critical Illness (ACI) Benefit option with additional premium payment.
* Cover for your spouse: Now one can cover their partner’s life under the same plan by availing of the Joint Life Protection option.
* Multiple rider benefits: A comprehensive protection plan can be created by opting for additional protection through multiple riders by paying additional premiums.
* Enhance protection cover without medical: One can avail flexibility to increase the cover amount on specific events like marriage, childbirth or on availing house without undergoing fresh medical or underwriting, just by intimating us on any of these events.
Aditya Birla Sun Life Insurance Company Limited (ABSLI), is a life insurance subsidiary of Aditya Birla Capital Ltd. (ABCL). ABSLI was incorporated on August 4th, 2000 and commenced operations on January 17th, 2001. ABSLI is a 51:49 a joint venture between the Aditya Birla Group and Sun Life Financial Inc., a leading international financial services organization in Canada.
Formerly known as Birla Sun Life Insurance Company Limited, ABSLI is one of India’s leading life insurance companies offering a range of products across the customer’s life cycle, including children future plans, wealth protection plans, retirement and pension solutions, health plans, traditional term plans and Unit Linked Insurance Plans (“ULIPs”).
As of December 2020, total AUM of ABSLI Stood at Rs 5,06,782 million. ABSLI recorded a gross premium income of Rs 65,821 million in 9M FY 2020-21 and registering a y-o-y growth of 24 per cent in Gross Premium with Individual Business FYP at Rs 13,364 Mn. ABSLI is currently ranked 7th in Individual Business (Individual FYP adjusted for 10 per cent single premium) (Source: IRDAI reported Financials). ABSLI has a nation-wide distribution presence through 360+ branches, 7 bancassurance partners, 6 distribution channels, over 85,000 direct selling agents, other Corporate Agents and Brokers and through its website. The company has over 13,000 employees and more than 17 lac active customers.
Aditya Birla Capital Limited (ABCL) is the holding company for the financial services businesses of the Aditya Birla Group.
ABCL’s subsidiaries have a strong presence across Protecting, Investing and Financing solutions, ABCL is a universal financial solutions group catering to diverse needs of its customers across their life stages. Powered by more than 21,000 employees, the subsidiaries of ABCL have a nationwide reach with 800+ branches and more than 2,00,000 agents/channel partners and several bank partners.
As of December 31st, 2020, Aditya Birla Capital Limited manages aggregate assets under management around Rs 3200 billion, has a consolidated lending book of over Rs. 575 billion, and an active customer base of over 21 million, through its subsidiaries and joint ventures.
Aditya Birla Capital Limited is a part of the Aditya Birla Group, a US$ 48.3 billion Indian multinational, in the league of Fortune 500. Anchored by an extraordinary force of over 120,000 employees, belonging to 42 nationalities, the Aditya Birla Group operates in 36 countries across the globe.
Sun Life Financial is a leading international financial services organization providing insurance, wealth and asset management solutions to individual and corporate Clients. Sun Life Financial has operations in a number of markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. As of September 30th, 2020, Sun Life Financial had total assets under management of CAD 1,186 billion.
For more information, please visit www.sunlife.com. Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under the ticker symbol SLF.
This story is provided by NewsVoir. ANI will not be responsible in any way for the content of this article. (ANI/NewsVoir)

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Reliance acquires majority equity stake in skyTran Inc

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Mumbai (Maharashtra) [India], February 28 (ANI): Reliance Strategic Business Ventures Limited (RSBVL) announced that it has acquired an additional equity stake in its investee company skyTran for a consideration of USD 26.76 million increasing its shareholding to 54.46 per cent on a fully diluted basis.
skyTran is a technology company incorporated under the laws of Delaware, United States of America (USA) in 2011. skyTran has developed breakthrough passive magnetic levitation and propulsion technology for implementing personal transportation systems aimed at solving the problem of traffic congestion globally.
RSBVL, a wholly-owned subsidiary of Reliance Industries Limited, in a statement said that the technology has been developed by skyTran to create smart mobility solutions.
The firm said that the proposed skyTran transportation systems would consist of computer-controlled passenger pods running on its state-of-the-art, patented passive magnetic levitation technology and would use cutting edge IT, telecom, loT and advanced materials technologies to transport passengers in a fast, safe, green, and economical manner. It is also supported by notable global venture capital investors such as innovation endeavors.
Mukesh Ambani, Chairman and Managing Director of Reliance Industries, said, “Our acquiring majority equity stake in skyTran reflects our commitment to invest in building futuristic technologies that would transform the world. We are excited by skyTran’s potential to achieve an order of magnitude impact on highspeed intra and inter-city connectivity and its ability to provide a high speed, highly efficient and economical ‘Transportation-As-A-Service’ platform for India and the rest of the world.”
“We firmly believe that non-polluting high speed personal rapid transportation system will help facilitate environmental sustainability through efficient use of alternative energy and make an impactful reduction in air and noise pollution,” he added. (ANI)

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Ahmedabad based Jhanwi Creative Studio makes India proud by winning the coveted International AFNS Photography Award

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Ahmedabad (Gujarat) [India], February 27 (ANI/India PR Distribution): Jhanwi Creative Studio, an Ahmedabad-based photo studio has made India proud on the international photography platform by winning the renowned AFNS Award.
The AFNS AWARD is an international competition for photographers in the field of Newborn Photography & Maternity Photography.
We draw on photographers who convey a high level of quality and exceptionalness with their pictures. The idea, composition, image design, and implementation are evaluated by an international expert jury. The award is divided into the following 7 categories: maternity, newborns, parents, babies, children, siblings, birth.
The 2021 results have just been released and Indian photographers from Jhanwi creative studio have been named the winner of the newborn photography category, out of thousands of entries from 18 countries.
Jhanwi creative studio has made India proud by winning the acclaimed AFNS photography award for newborn photography. AFNS awards are an internationally organized photography contest. This year photographers from more than 18 countries have participated in the event.
The studio is run by young talents 23-year-old Rudra Jani and 21-year-old Meshwani Chavda. Despite their youth and less experience, they are adept at sensing and delivering on the needs of their clients as well as arranging some of the most beautiful and poignant pictures of new mothers and their babies.
The studio has achieved much since its inception. It completed more than 250 sessions within the first six months of its inception and has bagged an award by the international contest called AFNS Awards. The two talented duos who run the company believe in the value of hard work and struggle to meet the lofty goals that inspire them.
Meshwani Chavda is adept at creating adorable settings for babies. In collaboration with Rudra Jani, who is a highly talented photographer, they are able to create magical photographs. Jhanwi Creative Studio helps capture adorable photographs of babies and their mothers, which will endure as long-lasting memories for a client.
The studio is racing ahead, thanks to the efforts of its creative leaders. RudraJani is based in Mehsana and is pursuing qualifications in VFX and Animation from eQuinoxx. He started this business with his own efforts and has been steadfast for the past 3 years.
Just graduated from Gujarat University, Meshwani Chavda lives in Ahmedabad and is passionate about photographing babies. She manages the entire process of photographing right from the beginning to the end in the studio. Her ambition is to carry her business to abroad, along with continuing her higher studies. RupeshGohil is a senior editor of Jhanwi Creative Studio.
More details on Jhanwi Creative Studio can be found on their Instagram and Facebook handle:-
https://www.instagram.com/jhanwi_studio.
https://www.facebook.com/Jhanwistudio/
This story is provided by India PR Distribution. ANI will not be responsible in any way for the content of this article. (ANI/India PR Distribution)

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Need to promote decent and sustainable work in automotive industry: ILO

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Geneva [Switzerland], February 27 (ANI): Governments and organisation of workers and employers from around the world have agreed that there is an urgent need to invest in education, training and life-long learning for all in the automotive industry.
“The industry is going through an unprecedented change amid great challenges,” said Chairperson of a virtual ILO meeting Erika Gabriela Martinez Lievano.
“Our industry can contribute to green growth and decent work opportunities for more women and men, through a just transition in which we create an enabling environment for sustainable enterprises to grow and we promote and protect workers’ rights,” she said.
The Covid-19 crisis has placed massive economic strains on the industry and its workers. It has compounded existing challenges like supply chain disruption, factory closures and a collapse in demand.
“The automotive industry has been severely disrupted by the Covid-19 pandemic, putting at risk the survival of enterprises. It will take years for the industry to return to pre-crisis levels of production and sales,” said the Employer vice-chairperson Sawsen Ayari Pouliquen.
“There is an urgent need to build back an enabling business environment, stimulate aggregate demand and prepare to meet future skills needs of the industry going forward,” she said.
The ILO’s centenary Declaration for the Future of Work (2019) and its human-centred approach provides a roadmap for shaping a future that works for all in the automotive industry and ensure that no one is left behind.
“Freedom of association and collective bargaining are more important than ever,” said the Worker Vice-chairperson Ben Mathew Norman.
“These rights enable the effective social dialogue that is needed to face an increasingly uncertain future in the automotive industry and to assure that transformations in the industry are socially and environmentally just,” he said.
The meeting adopted conclusions that give governments, workers and employers a strong mandate to invest in people’s capabilities and a just transition to decent and sustainable work.
“The adoption of these ambitious conclusions is timely and propitious,” said the Government Vice-chairperson Therese Boutsen.
“They clearly reflect that governments, employers and workers refuse to be passive victims of circumstances or megatrends and that they are ready to jointly shape a brighter future of work for more women and men in the automotive industry.” (ANI)

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Come explore global business opportunities at the grand 3D event ‘Global Buyer Seller Meet’ organised by Being Exporter

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Surat (Gujarat), February 27(ANI/PNN): Let the Virtual World redefine your Business Culture. Being Exporter in association with Association of Global Merchants is here with – ‘Global Buyer Seller Meet.’ This International Virtual Exhibition is happening on February 26, 27, and 28, 2021.
It is a 360 degree and 3D platform for buyers and sellers across the world to meet, interact and discover global business opportunities. It has been organized with the goal to generate more and more businesses for people in India to help alleviate their business brands on a big global platform and export effectively.
This grand international virtual event creates a new look for promoting the ‘Make In India’ campaign. This is one of the best events showcasing our local talent on a global online platform, thus supporting the ‘Vocal for Local’ concept in India.
Also, this shows that we believe in ‘Atma Nirbhar Bharat’ and are duly promoting this ideology. If you see the exteriors we have put our Prime Minister’s image which exhibits our strong belief and support to all three ideologies as proposed by Narendra Modiji.
This time we have created a very extraordinary event by starting a unique initiative. We Have collaborated with the Association with Global Merchants and have invited important dignitaries from across the globe. Our special guest invitees include Francesco Mirizzi, Kezy Mukiri, and Scarlett Hoffmann from Europe, Africa, and South America respectively.
We even have core committee members of Global Merchants who will be our special guests – Yadav Ashwani Bishkarma, Brijesh Kumar Akoliya, and Akash Sanjay Agrawal. This will give a lot of scope for exploring global business opportunities between India and other countries.
With the belief that ‘export is easy,’ the Man of Exports is introducing one of the biggest and the largest 3D exhibitions happening in India. ‘Global Buyer Seller Meet, ‘ is one of the most exclusive trade shows with a buyer’s presence from across 100+ countries. Mr. Bhagirath Goswami, founder of Being Exporter has been causing abundant exports and creating exporters in the country.
Due to his passion and dedication in the field of exports, he has been named the ‘Man of Exports’ by many entrepreneurs. In order to promote Indian exports, Bhagirath helps people from all walks of life to export their consignments.
Towards this cause, he organizes many global events and exhibitions. This time Bhagirath is coming with a unique kind of initiative for the exporters.
It is the most exclusive trade show cum international buyer-seller meet where visitors from 100 plus countries will visit the online platform. The exhibition covers various commodities like agricultural products, textiles, chemicals, furniture, food, machinery, jewelry, kitchen appliances, and much more.
The whole idea behind the ‘Global Buyer Seller Meet is to connect buyers from different countries to sellers who have been in their business for a long.
The exhibition will also give buyers access to information like products, websites, presentations, chatting options, and also direct video calling. The interesting part about this exhibition is that there are going to be many seminars, panel discussions, and other events scheduled to run alongside the stalls. They also have an entertainment zone with live band performances and art shows.
If you are interested to explore the international market, then you can do so by simply booking your stall in the exhibition. As a seller, this will be the best opportunity for you to showcase your products, and meet thousands of buyers coming from different countries around the world. This will in turn generate leads and increase your exports and take your business to the next level.
Come be a part of the Global Buyer Seller Meet. Your chance to meet, network, and explore the export market. This international exhibition is a once-in-a-lifetime opportunity you cannot miss.
For more information: https://globalbuyersellermeet.com/
This story is provided by PNN. ANI will not be responsible in any way for the content of this article. (ANI/PNN)

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ADB’s AAA rating affirmed, outlook stable

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Singapore, February 27 (ANI): S&P Global Ratings has affirmed AAA long-term and A-1 plus short-term issuer credit ratings on Asian Development Bank (ADB).
The ratings on ADB reflect S&P’s assessment of the bank’s extremely strong enterprise and financial risk profiles. The ratings do not incorporate extraordinary shareholder support from ADB’s callable capital because S&P assesses the bank’s capital adequacy to be in its highest category without this support.
The Covid-19 pandemic has strengthened ADB’s role as a counter-cyclical lender. In response to the pandemic, the bank announced a 20 billion dollar financing package in April 2020, which includes a 13 billion dollar Covid-19 pandemic response option under its countercyclical support facility.
In addition, ADB unveiled a new 9 billion dollar vaccine facility in December 2020 to support the purchase and delivery of vaccines in Asia Pacific region.
In terms of the size of purpose-related exposures, the bank is the fourth-largest multilateral institution after the European Investment Bank, the International Bank for Reconstruction and Development and the International Development Association.
S&P said ADB’s important role and unwavering public policy mandate along with strong membership support anchor its assessment of an extremely strong enterprise risk profile.
The bank benefits from the support of its members and a diverse shareholder base. A total of 49 members from Asia Pacific own 63.4 per cent of ADB and 19 non-regional members own the remainder.
While Japan and the United States have always been ADB’s largest shareholders (both own 15.6 per cent), the bank’s shareholder base is diversified with eight governments owning more than 5 per cent of capital each.
These include China (6.4 per cent), India (6.3 per cent), Indonesia (5.4 per cent), Canada (5.2 per cent) and South Korea (5 per cent). Non-borrowing members have about 62 per cent of ADB voting rights, outnumbering borrowing members by two to one. (ANI)

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CESL pitches for Delhi government’s shift to electric vehicles

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New Delhi [India], Feb 27 (ANI): Convergence Energy Services Ltd (CESL), a wholly-owned subsidiary of Energy Efficiency Services Ltd (EESL), has announced support for the Delhi government’s switch to electric vehicles.
The Delhi government has mandated all its departments, autonomous bodies, and grantee institutions to shift their existing fleet of hired conventional fuel vehicles to electric variants within six months.
The Delhi EV Policy 2020 says all departments of the government of NCT of Delhi will have to shift their existing hired petrol, diesel and CNG vehicles to electric vehicles via lease model through Government e-Marketplace (GeM) portal or through EESL.
CESL is a registered body on the e-Marketplace, and provides with ecosystem based services to enable such a system-based conversion.
Mahua Acharya, CEO and Managing Director of CESL, said it is admirable to see the Delhi government take a leadership role in accelerating the adoption of electric mobility.
“Taking a system-wide approach is also exactly the way this should be done, and the Delhi Government has indeed gone this way. This shift will do a lot for residents of the NCT area too, addressing air and noise pollution while simultaneously signalling to the market its seriousness around electric mobility,” she said.
The adoption of electric vehicles in India is being encouraged by the central government with a target to reach 30 per cent by 2030. Nearly 70 per cent of all commercial cars, 30 per cent of private cars, 40 per cent of buses and 80 per cent of two-wheeler and three-wheeler sales will convert to their electric variants.
Delhi has a target of 25 per cent EVs for all new vehicle registrations by 2024.
CESL has taken the lead by deploying 1,500 electric vehicles and over 1,000 charging stations. With the help of the government subsidy, the aim is to reach 10,000 charging stations in three years.
CESL says it will take this effort to the next level by rolling out innovative clean energy-based transport solutions as a whole, not just electric cars. It will invest in solutions that lie at the confluence of renewable energy, electric mobility and climate change. (ANI)

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