Mumbai, Oct 13 (PTI) Bajaj Allianz Life Insurancetoday launched 'Group Sampoorna Suraksha Kavach', atraditional Micro Group Insurance Term Plan.
Group Sampoorna Suraksha Kavach covers various typesof micro loans given by Micro Financial Institutions (MFI),small finance banks and financial institutions to theircustomers, along with providing life insurance cover, thecompany said in a release issued here.
"This plan provides group members with a lifeinsurance cover, and at the same time covers their outstandingloan amount to a financial institution, so that the Group aswell as their families' financial interests are looked afterin case of any unfortunate event.
"Our new product will surely be a game changer in theway loans are currently offered in the micro finance segmentagainst risks covered," Bajaj Allianz Life Insurance ManagingDirector and CEO Tarun Chugh said.
------------Livspace to pump Rs 70cr into designer partnership initiativeOnline home interiors and renovation platform,Livspace, today announced that it will invest Rs 70 crore inits global designer partnership initiative.
The company plans to invest across different segments,including onboarding and certifying freelance designers andstudios, engagement programs, infrastructure and expansionacross top metros to grow its network, it said in a statement.
Within a year of its launch, the platform claims ithas 10,000 applications from design partners across thecountry, and the latest investment is aimed at bolstering theit as well as organising the home design industry in India.
---------Toppr partners Teach for India for personalised learningOnline learning platform Toppr has established apartnership with non-profit organisation Teach For India tobuild a movement of leaders in the education sector throughtheir two-year fellowship programme.
The two-year full-time programme where graduates andworking professionals commit to providing education to lowincome and under-resourced schools. PTI SM DSKRSY.
This is unedited, unformatted feed from the Press Trust of India wire.