Welcome Guest

Home Interviews Think Tanks  Marketplace  Get Insured!

Get Insured!

Today insurance has become an inevitable necessity besides being a valuable investment. Bajaj Allianz has been putting all its efforts to provide innovative and relevant insurance solutions to keep pace with the changing times. T A Ramalingam, Head, Under

Tags: T A Ramalingam, Head – Underwriting, Bajaj Allianz General Insurance

BY Bhuvnesh Talwar | December 24, 2009 | COMMENTS ( 0 ) |

Get Insured!
T A Ramalingam Head, Underwriting Bajaj Allianz General Insurance

Today insurance has become an inevitable necessity besides being a valuable investment. Bajaj Allianz has been putting all its efforts to provide innovative and relevant insurance solutions to keep pace with the changing times. T A Ramalingam, Head, Underwriting, Bajaj Allianz tells us how insurance in supporting small businesses.


Bhuvnesh Talwar: What sorts of insurance products are specifically oriented towards SME's or would help Indian SME's?


T A Ramalingam: Bajaj Allianz is coming up with innovative commercial packages aimed at covering the interest of SMEs. The current policy products cover perils like fire, employee infidelity, burglary; workmen’s compensation; and liability exposures.


BT: What is the share of corporate insurance policies in the Indian SME segment?


TR: Corporate insurance has seen a sharp rise within the SME sector with a rough estimate of about 25 per cent.


BT: Which insurance products are popular among the SMEs?


TR: Most popular insurances include Package Insurance (Assets) and Employee Benefit Insurance (Group Personal Accident and Medical claim).


BT: Which products are indispensable for SMEs?


TR: Assets insurance and medical claim insurance are essential.


BT: What are the major challenges before the industry in underwriting more and more SME schemes?


TR: The major challenges include dismal quality of information, fire protection techniques being used and low premiums. Another issue is that of reaching out to every business as they are large in number and widely spread across the country.


BT: How would your company help SME's in portfolio management and renewal tracking?


TR: We offer risk management and risk mitigation techniques.


Please add your comment

Not readable? Change text.

Enter the characters as seen on the image (case insensitive)
  Notify me of followup comments via e-mail   Subscribe for daily newsletter

Related Interviews

Startups should target niche market to succeed: Richard D'Aveni

Richard D’Aveni, Strategist & Consultant

Professor, author, strategist and consultant Richard D’Aveni is one of the top 50 management and strategy thinkers in the world....

India is becoming a better place to do business: Adi Godrej, Chairman, Godrej Group

Adi Godrej, Chairman, Godrej Group

The “Make in India” campaign initiated by Prime Minister Narendra Modi has given a clear message to investors to come and...

I Don't Believe in Jugaad: Kakkar

Prahlad Kakkar, Advertising Film Director, Genesis Film Production

There are few ads that remain timeless like Maggi's 2 Minutes and Pepsi's Yehi Hai Right Choice Baby Aha!. That's the...

Do you need a coach?

Vic Ciuffetelli, CEO Asia Pacific, ActionCOACH

Business Coaching is a nascent practice in India and is often clubbed with yet another kind of consultancy or training services. Some...

Drivers of Change

K S Ahulawalia, Founder, Excalibre Inc.

Excalibre Inc offers dramatic value propositions in enhancing critical measures of performance - quality, service speed and...

Training Entrepreneurs

Rahul Jain, CEO, Business Coaching India

Business Coaching India is a trailblazer in the area of business coaching. Businesses across all categories and sectors are coached on...

SME Calling

Mr. Deepak Khanna, CEO, Airtel Business Services, Bharti Airtel

Airtel being one of the market leaders in the telecom sector is now looking at the SME space, which it believes has a huge untapped...

A vision for business leaders!

Ketan Dewan, Founder & Managing Director, KRD Vision

KRD Vision, a visionary company setup by Ketan Dewan aims to provide solutions to corporate. In a conversation with Franchise India he...

The Lean Way

Mr. Amul Mate, Director, Business Development, UMAS Pvt Ltd.

Lean manufacturing is a management strategy, which helps in optimising the resources involved in manufacturing a product or service,...

Knowledge solutions to brand building

Rajeev Karwal, Founder, Milagrow Business and Knowledge Solutions

While everybody aspires to be tagged with something big, Rajeev Karwal with over 25 years of experience of brand building opted to work...

E-commerce has a huge potential and benefits

Brian Wong, Head, Global Sales, Alibaba.com

Alibaba.com is the world's largest online B2B marketplace, connecting millions of buyers and suppliers worldwide every day. It...

Rest assured you are secure!

Shri Krishan, SME Head, TATA-AIG

Gone are the days when insurance was a liability, in today’s time it has become an inevitable necessity besides being a valuable...

SMEs should have IT

Abhijeet Ranade, Assoc Dir. Technology Advisory Services, Pricewaterhousecoopers

The list of problems of small and medium enterprises (SMEs) in India is long one with technology employment and upgradation topping the...

Online marketplace at its best!

Arthur Chang, Vice President, Alibaba.com

India is currently Alibaba.com's fastest growing international market. Arthur Chang, Vice President, Alibaba.com elucidates about the...