To meet the growing demand for EV-cycles, Nexzu aims to expand its current network by eight times.
Hyderabad 17thFebruary 2024 – Nexzu Mobility, an innovative urban transportation solution provider, has announced its strategic plan to significantly expand its dealership network. The company plans to multiply its current retail network by eightfold before the end of the calendar year. A five-year old brand in the EV-cycle category, Nexzu Mobility is looking at redefining mobility with its smart, India-engineered EV-cycles.
With an aim to establish a network of 10 distributors, each having 20 dealerships, Nexzu intends to foster substantial growth and widespread presence across regions in India. Currently, Nexzu Mobility operates with five distributors, each equipped with four dealerships, spread across the country. Recognizing the immense potential for the future of EV cycles in India, Nexzu Mobility is set to significantly enhance its outreach.
Mr. Chintamani Sardesai, Business Head, Nexzu Mobility said; “The Indian EV cycle market is starting to experience an unparalleled growth in India. As we expand our dealership network, we strive to bring back cycling as an enjoyable mode of transportation. We firmly believe that by offering high-quality and ergonomically designed electric cycles that seamlessly blend the latest technology, we can enable people to make more environmentally conscious decisions and build an ecosystem for more effective mobility in India.”
The company already has a network in place across the nation, serving the Southern region through prominent locations in important metropolises like Bangalore and Chennai. With its touchpoints in Kolkata, the company caters to the demands of the Eastern region; and with facilities in Pune and Vadodara, connects with consumers in the Western region. In order to capitalise on the growing market potential presented by India’s increasing demand for EVs, Nexzu Mobility is looking at further penetrating its reach in the Western and Northern regions while concurrently strengthening its position in the Southern market.
To meet the needs of both B2B and B2C markets, Nexzu Mobility has created and engineered three EV-cycles: Rompus+, RoadLark, and Bazinga. The indigenously developed products are 95% localised with in-house developed powertrain system and are manufactured in Pune. Nexzu EV-cycles are developed, keeping in mind the needs of Indian consumers’, rethinking cycling and expanding the boundaries of sustainable transportation.
Telugu super news, february 16th,2024: Chevella MP Ranjith Reddy graced the auspicious inauguration of the opulent ESSENTIA Salon Lounge, heralding a new era of beauty and style in the heart of Hyderabad. With a commitment to redefine personal grooming experiences, the salon promises a blend of sophistication and modernity to its patrons.
In his address, MP Ranjith Reddy lauded the establishment of ESSENTIA Salon Lounge as a significant milestone in the beauty industry, offering cutting-edge services to rival international standards. He commended the initiative for its dedication to providing contemporary beauty and hair care solutions.
The management of ESSENTIA, led by salon promoter Swathi Reddy, expressed their vision to cater to the evolving beauty aspirations of the youth with innovative styles and techniques. With a team of trained experts, the salon aims to deliver prompt and gratifying services that resonate with the discerning tastes of the younger generation.
The salon’s ambiance, adorned with state-of-the-art amenities and an elegant Italian theme, promises a delightful experience for customers. From trendy haircuts to rejuvenating facials, ESSENTIA Salon Lounge offers an array of services tailored to meet the diverse needs of its clientele.
Renowned personalities including Mohammad Sharif, President of the Television Producer Council, and Senior Journalist, nandi award winner alongside former Doordarshan director Vijaya Bhagwan and prominent lawyer Suresh Kumar, extended their congratulations to the organizers for their commendable efforts.
Actor Sohel, impressed by the ambiance, highlighted ESSENTIA as a unique destination where patrons can indulge in premium services while enjoying a cup of coffee or juice amidst soothing melodies. Social media influencers praised the salon for its use of advanced techniques and skilled professionals, ensuring flawless results and enhancing the beauty of every individual.In essence, ESSENTIA Salon Lounge emerges as a beacon of elegance and excellence, promising a transformative beauty experience that transcends conventional standards.
తెలుగు సూపర్ న్యూస్, ఫిబ్రవరి 16,2024: హైదరాబాదీలకు సరికొత్త అనుభూతిని అందించే విలాసవంతమైన ఎస్సేనుషియా సెలూన్ లాంజ్ను చేవెళ్ల ఎంపీ రంజిత్ రెడ్డి అత్తాపూర్లో ప్రారంభించారు. అందాల ప్రపంచంలో ఇది మరో మెట్టు అని, వ్యక్తిగత సౌందర్యం, కేశ సంరక్షణ కోసం అంతర్జాతీయ సంస్థలతో పోటీ పడే విధంగా, ఆధునిక పద్దతుల్లో సేవలు అందించేందుకు అత్తాపూర్లో ఏర్పాటు చేయడాన్ని ఎంపీ రంజిత్ రెడ్డి స్వాగతించారు. ఈ సందర్భంగా ఎస్సేనుషియా సెలూన్ లాంజ్ నిర్వహకులు స్వాతిరెడ్డిని అభినందించారు.
స్త్రీలతో పాటు పురుషులకు కూడా హెయిర్ కటింగ్, స్టైలింగ్, కలరింగ్, ఫేషియల్, చేతులను, పాదాలను అందంగా తీర్చిదిద్దే పద్దతి, స్కిన్ కేర్.. ఇలాంటి ఎన్నో సర్వీసులుతో కూడిన ఎస్సేనుషియా సెలూన్ లాంజ్ ఈ తరం యువతకు చక్కని వేదిక అని టెలివిజన్ ప్రొడ్యూసర్ కౌన్సిల్ అధ్యక్షుడు, సీనియర్ జర్నలిస్ట్ మహమ్మద్ షరీఫ్ అన్నారు. దూరదర్శన్ మాజీ డైరెక్టర్ విజయ భగవాన్ , ప్రముఖ న్యాయవాది సురేష్ కుమార్ ఈ కార్యక్రమంలో పాల్గొని నిర్వహకులకు శుభాకాంక్షలు అందించారు.
యువత ఆలోచనల తగిన రీతిలో సౌందర్య కాంక్షలను దృష్టిలో పెట్టుకొని నగరం నడి బొడ్డున ప్రపంచ స్థాయి సెలూన్ “ఎసెన్షియా సెలూన్ లాంజ్”ను ఏర్పాటు చేసినట్టు సెలూన్ లాంజ్ నిర్వహకులు స్వాతిరెడ్డి తెలిపారు. పురుషులకు, స్త్రీలకు ఆధునిక స్టైల్స్ లో, ఫ్యాషన్లలో సేవలు అందిస్తూ సరికొత్త ఫ్యాషన్ పరిచయం చేస్తామన్నారు. యువతరానికి నచ్చిన, మెచ్చిన సత్వర సంతృప్తికర సేవలు అందించడానికి ఆధునిక ఫ్యాషన్లలో ట్రైనింగ్ పొందిన ఎక్స్పర్ట్స్ తమ దగ్గర ఉన్నారని తెలిపారు.
బెస్ట్ ప్రైస్, బెస్ట్ సర్వీస్ అందిస్తామన్నారు. కొత్త టెక్నాలజీతో కూడిన సెలూన్ ఇంటీరియల్, అధునాతన సీటింగ్, ఇటాలియను థీమ్ వంటివి కస్టమర్లకు ఎంతో అనుకూలంగా ఉన్నాయని, సెలూన్లో నెయిల్ టెన్షన్స్, జెల్ పాలిష్, రిఫిల్స్ వంటి అనేక సేవలను అందిస్తున్నామని తెలిపారు. స్నేహపూర్వకమైన వాతావరణాన్ని కల్పించడంలో ఎస్సెనుషియా సిబ్బంది ముందుంటారని ఎస్సెనుషియా నిర్వహకులు స్వాతిరెడ్డి చెప్పారు. అంతేకాదు స్పెషల్ మేకప్తో పెళ్లికూతురును అందాల రాణిగా తీర్చిదిద్దుతామన్నారు. గోళ్ల అందాన్ని ఇనుమడింపజేసేందుకు పెయింట్, డెకొరేట్ వంటి నెయిల్ ఆర్ట్ సేవలు అందిస్తున్నామన్నారు.
కాఫీ, జ్యూస్ తాగుతూ, ఆహ్లాదకరమైన సంగీతం వింటూ ఎస్సెనుషియా సర్వీసులు అందుకునే అవకాశం ఇక్కడ మాత్రమే లభిస్తుందని నటుడు సోహెల్ అన్నారు. చిన్నచిన్న లోపాలు కూడా బయటకి కనిపించకుండా చేసేందుకు హెయిర్ బ్రష్, హెచ్డీ మేకప్ టెక్నిక్స్ ఉపయోగిస్తున్నారని, సర్వాంగ సుందరంగా తీర్చిదిద్దే సకల సాంకేతికత, నైపుణ్యత, సృజనాత్మకత, ప్రపంచ స్థాయి శిక్షణ పొందిన నిపుణులు అత్తాపూర్లో ఏర్పాటు చేయడం సంతోషంగా ఉందని ఈ కార్యక్రమంలో పాల్గొన్న పలువురు సోషల్ మీడియా ఇన్ఫ్లూయేన్సర్స్ తెలిపారు.
Telugu supr news,India, February 15th,2024: Xiaomi, the global technology brand’s latest smartphone in the A series, the Redmi A3 is now available in India, starting at an introductory price of INR 6,999.The Redmi A3 combines stunning design aesthetics with powerful performance, offering users a premium smartphone experience.
Premium Halo Design
At the heart of the Redmi A3 lies its Premium Halo Design, with two exquisite options of glass finish and a luxurious leather-textured material, delivering a device that not only looks sophisticated but also feels luxurious in the hand. The seamless integration of design and materials sets the smartphone apart, making it an instant style statement.
Immersive 90Hz Display
Redmi A3 boasts a large 17.04 cm (6.71″) LCD Dot Drop display and 1650 x 720 resolution, the smartphone features a remarkable 90Hz refresh rate and Corning Gorilla Glass 3 protection. Users can also immerse themselves in vibrant visuals with unparalleled clarity. The device incorporates DC dimming technology, ensuring comfortable viewing experiences in any lighting condition.
Powerful Performance for Seamless Multitasking
The smartphone comes with the robust MediaTek Helio G36 SoC, with peak speeds of 2.2GHz, the Redmi A3 delivers blazing-fast performance, making multitasking a breeze. Furthermore, with upto 12GB of RAM, including upto 6GB of virtual RAM, and up to 128GB of expansive storage capacity, users can enjoy seamless app launches and swift data transfers. Powered by Android 14, the smartphone features a streamlined Android interface offering an uncluttered user experience, placing a premium on speed and efficiency.
Advanced Security Features
The Redmi A3 comes equipped with a secure Side Fingerprint feature and prioritizes both aesthetics and convenience making it the go-to option for students and early jobbers.
Catch a glimpse with 8MP AI Dual camera
The Redmi A3 features an 8MP AI dual-camera setup, offering an array of features including AI portrait mode, HDR, and Google lens integration. One can also excel in video recording with its time-lapse feature along with a stunning 1080p resolution. The front/ selfie camera comes with 5MP ensuring detailed shots in different conditions. With AI portrait mode and depth control, users can capture stunning portraits and can enhance their selfies with AI Beautify, ensuring they always look their best in every shot.
Fast charging capability with longer battery life
The battery comes with massive 5000mAh and 10W fast charging capability assuring long-lasting performance and usage.
In summary, the Redmi A3 is a compelling smartphone with its premium design, display quality, and user experience. The smartphone’s halo design make it a smooth and stunning player in the segment. It is a complete package filled with numerous exciting features, making it an excellent choice for students and new jobbers.
Pricing and availability
Redmi A3 will be available in Olive Green, Lake Blue, Midnight Black starting 23rd February, 2024 across Mi.com, Amazon.in, Flipkart, Mi Homes and other Xiaomi retail partners. Customers can purchase the Redmi A3 at a special introductory price starting from 23rd – 29th February 2024, starting at an introductory price of INR 6,999. The introductory price also includes a INR 300 exchange bonus.
Introductory launch price* (till February 29, 2024)
Hyderabad, February 8th, 2024: A global coalition of animal welfare experts in partnership with Mars, released the results from the largest-ever international study on pet homelessness, today. The ambitious ‘State of Pet Homelessness Project’ sets out to understand the scale of pet homelessness in 20 markets, and factors that contribute to pets being on the streets or in shelters, shining a light on the needs of a sizable hidden population of pets.
The report reveals that 1 in 3 pets are homeless in the world, estimating almost 362 million pets are still waiting to find a home. The global average of homeless pets across 20 markets is pegged at 35% of the total dog and cat population.
The findings from India reveal a stark picture with 69% of all cats and dogs without a home. Most homeless pets (60.5 mn) in India are living on the streets, while others (8.8 mn) are in shelters waiting to find a home.
● 69.3 million (69%) cats and dogs are homeless in India, accounting for approximately 19% of the global homeless pet population; ● 60.5 million (71%) dogs live on the street or in shelters in India, accounting for approximately 39% of the global homeless dog population; ● 8.8 million cats live on the street or in shelters, accounting for 4.25% of the global homeless cat population; ● While adoption from shelters is still low, 53% respondents from urban and rural areas would recommend adopting from shelters in the future ● 47% and 28% respondents are thinking of becoming dog and cat pet owners respectively; ● Friends, relatives are the most popular route for getting pets in the country with (28%) of dogs and (30%) of cats coming from these sources; ○ 33% respondents from rural areas have adopted pets from friends, family ○ 32% respondents from urban areas rely on pet shops for bringing home a pet In India, 2,565 experts were interviewed from urban (1,402) areas and rural (1,163) areas for the Project. The project also included interviews with pet professionals from nine metro and non-metro cities in the country.
Salil Murthy, Managing Director at Mars Petcare India, said: “The State of Pet Homelessness Report is a clarion call to address the urgent issue of pet homelessness, armed with compelling data and insights that guide us towards actionable solutions. Despite the current low shelter adoption rates in India, 53% of respondents are receptive to the idea of adopting pets from animal shelters in the future. This is an opportunity to strengthen the human-animal bond and encourage existing and potential pet parents to adopt. Our goal is to create a better world for pets in India so every pet can get the care and nutrition they deserve.
At Mars Petcare, we are raising awareness about pet adoption, forging partnerships with NGOs in the animal welfare space, and are keen on collaborating with stakeholders in the ecosystem to force-multiply our efforts. We are pioneering the integration of digital solutions and innovative models to significantly scale adoption through NGOs. We believe that adoption should be a part of our strategy to effectively manage and reduce the challenge of pet homelessness. Our mission is to galvanize the entire ecosystem—NGOs, communities, and pet parents—towards creating a more compassionate and inclusive world for pets.”
While each country has different challenges, the data in India reveals some distinct themes.
Prevent Unplanned Pets: Large populations of stray pets which can breed at a rapid rate are a huge part of the problem. One unsterilized homeless pet can quickly create many more. Reducing uncontrolled or unplanned breeding is a critical approach to decreasing pet homelessness.
Ensure Sustained Care: Helping to provide more homeless pets with responsible loving homes, or sustained human care they need in the community, is a foundational step in tackling pet homelessness. With 47% respondents considering bringing a dog home, and 28% considering bringing a cat home, getting more people interested in pet ownership and turning interest to action is crucial. It is interesting to note that the Project reveals approximately 13% of dog and cat owners found their pets on the street.
Keep Pets in Homes: Pets are lost more frequently than many may realize, leading to an unintended yet noteworthy increase in homeless pets. Pets are at risk of being homeless through abandonment or casual pet owning practices that lead pets to stray or become lost. While 9% respondents lost their pet dogs, a smaller percentage of 6% respondents lost their pet cats.
A concerning aspect that the Project revealed was that 38% of respondents said they were considering giving up pet ownership for dogs, while the percentage was higher at 57% for cat ownership. Encouraging pet owners to keep dogs in homes for the long term, through education and awareness building of responsible pet ownership, can have a significant impact on pet homelessness in India.
To mark the release of this data, Mars has made a $500,000 donation to Humane Society International to fund projects in India, South Africa and Mexico to make interventions informed by the data. These programs will deliver reproduction control, training and care for thousands of animals.
Alokparna Sengupta, Managing Director, Humane Society International/India said: “Across India, millions of dogs and cats are suffering on the streets and in shelters. HSI/India is thankful to our partner, Mars Petcare, for supporting our work to manage street dog populations humanely, provide medical care to dogs and cats in need, and ensure a peaceful coexistence between communities and street animals. HSI/India, through government supported animal birth control programs, works on the humane control of street dog populations.
The support from Mars helps aid our dog management efforts, including community engagement, enabling us to work hand in hand with local communities to create more peaceful environments across India for people and companion animals. With the invaluable support from Mars, in the last quarter of 2023 itself, we were able to provide treatment to more than 240 sick and injured street animals in Hubli-Dharwad, hold more than 100 workshops and meetings in many local communities and improve the welfare and surgical protocols for over 7,000 dogs coming in for spay and neuter surgeries. Given the magnitude of the issue, we are looking forward to scaling up our humane and inclusive approaches to improving dog and cat welfare in India.”
This builds on a significant history of work by Mars and its partners supporting almost 10 million vulnerable pets across the world over the last three years. Including donating more than 100 million meals to vulnerable pets, sterilizing over 30 thousand free-roaming animals, and providing over 100,000 pets with comprehensive preventive care, including wellness checks, preventive medicine and vaccinations.
Hyderabad, February 8th, 2024 – Zomato, India’s food ordering and delivery platform, recently concluded its ‘Delivery Partners Day’ celebration event in Hyderabad. These ‘Delivery Partners Days’ events are the company’s way of acknowledging the invaluable contributions of its delivery partners and spreading festive joy to their families.
The awards span various categories, each recognising the remarkable achievements of the dedicated delivery partners.
During the ‘Delivery Partners Days’ celebrations, the accolades were presented in the presence of the award recipients’ family members across six distinctive categories, each acknowledging the exceptional contributions of Zomato’s dedicated delivery partners.
‘Top Performers’ pays tribute to the top 10 delivery partners in every zone, acknowledging their remarkable efficiency in delivering the highest number of orders.
‘Everyday Heroes’ honours those delivery partners who continue to excel despite facing personal challenges in their daily lives, exemplifying resilience and dedication.
‘Made A Difference’ applauds delivery partners who have positively impacted customers’ lives or extended a helping hand to fellow delivery partners in times of need, highlighting their compassion and support.
‘Electrifying Partner’ category, Zomato celebrates delivery partners who have covered significant distances while using electric vehicles for deliveries, promoting sustainable practices.
‘Iron Ladies’ recognises the dedication of female delivery partners who defy societal norms to spread happiness, break barriers, and inspire others.
‘Ageless Achievers’ applauds delivery partners over 50 years old who defy age stereotypes with their unwavering energy and enthusiasm, serving as a testament to their passion for providing services.
Compliance Heroes: To appreciate delivery partners who are asset compliant.
Rakesh Ranjan, CEO of Food Ordering & Delivery, Zomato, said, “Our delivery partners are the true backbone of our organisation. We often encounter many heartwarming stories of our dedicated delivery partners who go beyond the call of duty to serve society at large, especially during challenging circumstances. These awards are our way of honouring their spirit of altruism and their exceptional service.”
On the sidelines of the felicitation, Zomato also organized a first-responder training program for delivery partners in Hyderabad from 27th to 31st January. Launched recently, the program aims to enable the delivery partners to learn the nuances of medical first-aid & CPR (Cardiopulmonary Resuscitation) through professional and certified training modules.
Zomato is strongly committed to ensuring a secure and inclusive environment for all its delivery partners. The company continues to allocate resources towards training and support programs to enhance partner capabilities while fostering a culture of kindness within its delivery network.
Hyderabad, 19th, January 2024- Prepare to enter a realm where fantasy meets reality with Comic Con India, the largest pop culture celebration in the subcontinent,that is set to make waves in Hyderabad with Hyderabad Comic Con 2024. The thrilling weekend promises a never before experience for anime, gaming and pop-culture lovers as the best weekend of the year return to the city for fun and frolic!
Speaking about the thrilling weekend celebration, Jatin Varma, Founder, Comic Con India,said, “Comic Con is finally back in Hyderabad after a gap of 3 years! We cannot wait to host all the fans again. This is our biggest show in the city yet, showcasing the best of Indian comics, fan experiences, cosplay, gaming, geeky shopping and so much more. I look forward to welcoming the fans back.”
On the 27th -28th January 2024,the most-awaited event will also feature The Arena (in association with The Esports Club), an 40000sq ft gaming arena, which will have daily tournaments, Esports and popular streamers and gaming experiences. among many other exciting activities for all attendees.
Along with this, Comic Con India will also see panels and exclusive sessions with the likes ofAmar Chitra Katha, Raj Comics, Crunchyroll and leading Indian & International creators.Along with special stand up by Aakash Gupta followed by the popular Binge-O-clock duo Rohan Joshi&Sahil Shah, followed by some electrifying performances by MC Altaf, Proximity Crew, Geek Fruit, Hip Hop artist – Panther and many more, on the mainstage. While Hyderabad attendees will get a chance to witness captivating experiences with Maruti Suzuki Arena, Crunchyroll, Warner Bros India! and Hyderabad’s Biggest Comic Book Store by Penguin Random House India. The event will urge pop culture geeks to go on a shopping spree with brands like Celio, Bonkers Corner, RedWolf, Bewakoof.comand tons more.
Key Event Partners include brands such as CELIO, HDFC & Radio Mirchi. Book your passes for Hyderabad Comic Con 2024, 27th and 28th January atHITEX Exhibition Centre. Daily Timings: 11AM to 8PM. Passes available on www.comiccon.in& Book My Show. Website link: www.comicconindia.com
India, 2024 :As the nation celebrates National Youth Day, LG Hope Technical Skill Academy, a noteworthy Corporate Social Responsibility (CSR) project of LG Electronics, stands tall as a beacon of hope for the youth of our country. Since its inception in November 2022, this initiative has been making significant strides in empowering the next generation through comprehensive technical education.
LG first Hope Technical Skill Academy was inaugurated at the NSIC campus, Okhla Delhi, marking a significant step towards addressing the critical need for skilled professionals in the electronics sector. NSIC (National Small Industries Corporation) is the location partner for LG Hope Technical Skill academy. The project’s foundation was laid with the signing of a Memorandum of Understanding (MoU) with the honourable Minister of Micro, Small, and Medium Enterprises (MSME), Mr. Narayan Rane, underlining LG’s commitment to skill development and social responsibility.
Expanding its footprint beyond the national capital, this year LG initiated skill academies in Hyderabad and Chennai, reinforcing the commitment to youth empowerment across diverse regions. The academy focuses on courses related to consumer durable repair and service, aligning with the evolving demands of the industry.
In terms of key statistics, the Delhi Academy, spanning 5300 sqft, commenced operations in November 2022 with a three-year goal to train 1800 students. Presently, 440 students have successfully graduated, and 120 are undergoing training, with 249 securing placements. The Hyderabad Academy, covering 8500 sqft will train 1800 students over three years. The Chennai Academy, operating on an 8000 sqft area aims to train 1365 students over three years.
Commenting on the same, Mr. Hong Ju Jeon- MD, LG India said, “At LG Hope Technical Skill Academy, we’re all about creating opportunities and inspiring dreams. As we move forward, we celebrate the journeys—past, present, and future—of countless individuals whose lives we touch and transform. LG brand philosophy is Life’s Good which represents our unwavering commitment to making people’s lives better through products, service and innovation. Through our recent brand reinvention, we want to inspire and encourage people, especially youth, to approach life with an optimistic attitude. Through these academies, we aim to equipped youth with skills to contribute towards industry growth and also, transforming their lives for good and have a dignified living.”
Integral to the success of LG Hope Technical Skill Academy is the partnership with the Electronics Sector Skills Council of India (ESSCI) and as the execution partner. ESSCI’s expertise has played a crucial role in shaping the curriculum, ensuring its relevance, and aligning it with industry standards.
LG Hope Technical Skill Academy, as a CSR initiative of LG, reflects the company’s commitment to social responsibility and making a positive impact on the lives of the youth. On this National Youth Day, LG extends gratitude to all stakeholders for their steadfast support in realizing the vision of empowering the youth through technical education.
India 2023: Niva Bupa Health Insurance Company Limited (Formerly known as Max Bupa Health Insurance Company Limited) one of India’s leading standalone health insurers, has introduced its latest product, Aspire focusing on Gen Z and millennials. Addressing the unique needs and aspirations of the Gen Z and millennial segment, this product has forward-thinking approach to health insurance.
According to the last (fifth) edition of National Family Health Survey (NFHS-5), the data of which pertains to the period between 2019-21, only 30 per cent of women aged 15-49 and 33 per cent of men in the age group were covered by health insurance or a health scheme.
While several government initiatives as well as steps taken by private insurers are working towards ensuring adequate health coverage to the larger population of the country, this segment of our population whom we typically qualify as ‘Young Indians’ is still largely not covered by health insurance.
The youngsters today are conscious of their health and invest their time, money and energy to stay fit and in shape. However, when it comes to health insurance purchase to secure their health as well as finances in case of a medical emergency, they don’t feel the pressing need to do so while they are young and less susceptible to needing hospitalization.
In addition to Lock the Clock benefit which lets customer pay as per the entry-age until the first claim and Booster+ which lets customer carry forward the unutilized base sum insured up to 10X, Aspire has been launched with several additional industry-first benefits to especially appeal to this customer segment.
The product incentivizes customers for ‘starting young’ and offers comprehensive parenthood benefit called M-iracle which covers all expenses related to maternity including IVF treatment, surrogacy and more. It provides coverage for antenatal check-ups, gynecologist consultations and other tests, vaccines for the expecting mother, delivery charges – normal or caesarean section as well as delivery by surrogate mother. It also covers adoption charges.
The maternity sum insured available to the customer is dependent the base sum insured plan he/she opts for and keeps adding to the coverage every year up to 10X, since the unused maternity sum insured accumulates as per booster+ benefit. For example, for a 10 lakh base sum insured plan the maternity sum insured available would be Rs 12,000 for the first year, and if no claim is paid, this will become INR 24,000 for the second year, INR 36,000 for the third year and so on.
The maternity sum insured for a one-year policy can go up to Rs 25,000 for a 50 lakh/ 1 Crore plan. The customer can use the accumulated maternity sum insured for maternity related expenses at any time during his policy term either in full or in parts, post the completion of applicable waiting periods. The Plan is introduced with a minimum waiting period of 9 months. In this plan, post maternity, the new born baby too will be covered from day 1 and the plan will provide the new born baby guaranteed issuance.
Some other industry-first benefits in Aspire include:
Future Ready – This benefit will ensure that the future spouse is provided protection from Day 1. If the customer opts for this optional benefit, all waiting periods served by the customer will be passed on to his/her spouse as well. This means that the waiting periods will now be applicable at policy level and not on individual/member level. The future spouse will not need to serve all waiting periods from the start! Moreover, the benefit provides guaranteed issuance to the Future spouse.
Fast Forward – If insured takes multi-year policy and opts for this optional benefit, the combined total base sum insured for 2/3 years will be available to him/her in the first year itself. This benefit is not only applicable on the base sum insured but also on the maternity sum insured. So for example, if a customer takes 10 lakh base sum insured policy providing maternity sum insured of 12,000 for a tenure of 3 years, with fast-forward benefit he will have the base sum insured of 30 lakh and maternity sum insured of 36,000 available to him from Day 1.
Cash-Bag – Accumulate cashback on every claim free renewal in the policy, which can be used to pay the renewal premium, deductibles / co-payment or OPD expenses.
Aspire covers for treatment outside India as well, both with or without co-payment options. It gives customers customized options to select the co-payment limit and get treatment outside India for emergencies or planned inpatient treatments.
Commenting on the launch of Aspire, Dr. Bhabatosh Mishra, Director, Underwriting, Products and Claims, Niva Bupa Health Insurance, said, ” Acknowledging the alarming lack of coverage of the young population in our country, we conceptualized Aspire with the intent to bring about a change in how people in this segment perceive and utilize health insurance.
Aspire stands as a testament to our commitment to innovation, customer-centricity, and the continuous evolution of our offerings to meet the ever-changing demands of the consumer. Each aspect of this product has been meticulously crafted to ensure that every customer is not just covered but comprehensively protected at every stage of their health journey. We believe that Aspire will not only bridge the insurance gap but also redefine expectations, providing our policyholders with unwavering support and peace of mind, he added.”
The launch of Aspire comes at a time when the healthcare industry is poised for its next phase of growth and is marked by a paradigm shift in consumer behavior and expectations. The Aspire health insurance product covers a wide array of features, ensuring that both individuals and families receive extensive protection and financial security throughout their health journey.
Telugu super news,December 21st,2023:Indian economy continued to show remarkable strength this year amid an evident global slowdown. This strength was largely driven by robust consumption, strong investment activity, and a burgeoning, aspirational consumer class. The country’s focus in recent years on bringing progressive policy reforms, and digital transformation has also supported this growth trajectory, enabling India to outperform its peers globally, particularly those in the Asian Pacific region.
Driven by this broader economic resilience, the insurance industry also stayed the course on growth. The year 2023 saw some market-moving developments for the industry including the government’s decision to levy tax on income arising from insurance policies with an aggregated premium worth Rs. 5 Lakhs every year, starting April 2023.
There was a sustained emphasis on digitalization to reimagine customer and distributor management processes. The Insurance Regulatory and Development Authority of India (IRDAI) brought multiple reforms, focussing on 3 prominent themes – strengthening the ecosystem, improving accessibility & reach, and safeguarding policyholders’ interest.
As we now look forward to 2024, I expect regulatory reforms to continue to steer the industry. There are 3 key trends likely to unfold in the new year:
a. Bima Trinity:
IRDAI has unveiled Bima Trinity initiative as a part of its vision of Insurance For All by 2047. The primary objective of this initiative is building affordability and accessibility of insurance. This project, which includes Bima Sugam, Bima Vistaar and Bima Vaahak, is expected to take off next year at different intervals.
Bima Sugam, which is an online marketplace encompassing the entire customer journey from buying to servicing, is expected to make accessibility of insurance much easier. Bima Vistaar promises to be a revolutionary insurance product which seeks to offer affordable protection to the masses. It is expected to be launched by January 2024. Bima Vaahak is a women-centric distribution channel at the Gram Sabha level that aims to empower women by educating them about the benefits of comprehensive insurance thus enabling their financial security.
Together, Bima Trinity will promote financial inclusivity, leverage digital to create an unmatched convenience, accessibility and simplification, affordable coverage, and foster higher participation of women in the insurance industry.
b. Product Innovation:
The regulator has been placing a higher emphasis on the need for simplified, personalized products, aligned with the expectations of today’s customer expects. It also introduced the Use & File norms to achieve this goal and has been expanding the scope of these guidelines this year. We expect the regulator to proactively push the industry to leverage technology including new-age solutions like AI, and ML to create better and simplified solutions. We will see more niche products coming into the market in the medium-term as the overall efforts of the regulator through initiatives like state-level insurance project provide higher clarity of nuanced needs of the customers across geographies.
c. New players will get licensed:
While the regulator has already licensed 3 new players this year, it is expected to allow entry of more companies going forward. IRDAI has said that it is looking to issue licenses to 20 new insurers in the immediate future. Additionally, the regulator is also likely to relook the capital requirements, making it entry of new players easy. With an increased competitiveness in the market, the sector will see more innovation, improved distribution models, automation and more.
One of the awaited developments of 2024 is that the government will table the Insurance Laws (Amendment) Bill 2022 as it has the potential to bring another round of positive reforms and bolster growth prospects of the industry.