Ocare: First online platform for dentists and insured patients launched

OCARE, (ocare.com), India’s first, and only, independent Insurance Process as a Service (IPAAS) platform, on February 16, 2017 launched its fully integrated improved website aiming to connect empanelled dentists and insured patients on a single digital platform.


Speaking on the launch, Dr. Neeraj Sheth, Founder & CEO, OCARE, said, “While insurance has been around for many years now, dental insurance is a new concept in India. With low oral health in India and the growing costs of dental treatments, Dental Insurance is a must to maintain dental hygiene in the country. We aim to provide the best product coupled with a seamless engagement of a dentist with his patient.”

“Besides choosing OCARE’s wide list of empanelled dentists to take care of their dental needs, patients can access their dental history at any time they want. For dentists too, this is a boon as they will be able to better recommend a course of treatment based on their history,” added Ravi Kikan, COO, OCARE.

The website has been designed to provide easy navigation and information flow for OCARE’s products and services for customers as well as dentists. Dental Insurance is a completely new concept and there are quite a few queries on what dental insurance is and how the entire process works right from when a patient enters the clinic, the dentist outlining their treatment plan to details of the claim reimbursement process. All these questions are answered in an easy 4 step process in the ‘How it Works section’ of the website.

Further questions about dentist empanelment, insurance coverage and turnaround time are answered in the Help/FAQ section to assist both prospective patients and dentists. The terms and condition section on the website clearly outlines the treatments covered, exclusions and costs.

Once a dentist registers with OCARE, he can enter all the details related to his practice, treatment and costs. He can use the scheduler to manage his appointments and patients. Dentists will also use this platform to enter details related to the treatment plan, costs and sharing an OPG of the decayed tooth and the tooth post treatment. This also ensures all dental records are maintained digitally and can be accessed at any time. Patients can use this platform to book appointments at a preferred dentist based on location and convenience they can view their medical and treatment history and most importantly use it for their dental insurance claim process.

OCARE brings to you Dental Insurance for the first time in India. It covers existing conditions, has no waiting period, offering a sum assured of Rs.25,000 per annum covering dental treatments over a location independent dental network. OCARE offers host of benefits for a nominal premium for INR 1699. OCARE is currently offered as a group insurance to corporates, schools, colleges, and organizations with a member-strength of more than 50.

· First Time a Dental Insurance Plan Launched in India
· Covers pre-existing conditions
· No waiting period

Product highlights include:

o Oral hygiene kit
o OCARE Dental Insurance witha minimum sum assured of INR 25,000/- per annum, per person
o Loyalty card withpoints redeemable for dental services
o Bi – annual dental checkups

OCARE is India’s first, and only, independent Insurance Process as a Service (IPAAS) platform. The platform covers a complete range of dental health services that include dental insurance, dentistry network and oral health education in India. Starting with 108 cities & with a plan to spread pan-India, OCARE is also the first, and only, IPAAS that provides India’s first Group Dental Insurance.
With its headquarters in Mumbai, OCARE was founded by Dr. Neeraj Sheth in 2015 and employs 150 associates with a pan-India network of over 9,000 dentists. OCARE aims to promote its proprietary, scalable, innovative and state-of-the-art technology that will enable dentists to make the real-time oral healthcare management of patients convenient, flexible & affordable.
OCARE Dental Insurance in India was conceptualised by a team of young dentists who vowed to solve the problem, where on one hand, patients find dental treatments exorbitant and unaffordable, and on the other, too many dental colleges and the ever increasing number of graduating dentists make the competition cut-throat. The OCARE team thought of developing a tech platform that first unifies dentist and patient segments, and then simplifies the whole jargon of dental insurance. OCARE Dental Insurance process uses an intraoral camera on the proprietary, innovative tech platform for case documentation and approval for the claims process where the patients get Rs.25,000 annual coverage.


Akhila Srinivasan named Asia’s Power Businesswomen 2015 by Forbes

Akhila Srinivasan, Managing Director, Shriram Lie Insurance Company Limited was named ‘Asia’s Power Businesswomen 2015 by Forbes Magazine in its 50 from Asia.

Akhila Srinivasan

According to a company statement, Forbes recognises 50 powerful businesswomen in Asia who are driving change across diverse industries.

The other five women in the list are Arundhati Bhattacharya, CMD of State Bank of India; Chanda Kochar, Managing Director and CEO of ICICI Bank; Kiran Mazumdar Shaw, Founder of Biocon; Shiksha Sharma, MD and CEO of Axis Bank and Usha Sangwan, Managing Director of LIC of India.

In less than ten years, Akhila has catapulted Shriram Life Insurance into one of the top five private players in its industry in country in terms of profitability. SLIC went on a hiring spree last year, increasing the number of employees to 9,000 from 5,500. Total premiums collected have surged almost 17-fold in seven years to $695 million. What is more, Akhila has been with the $13.3 billion assets under management Shriram Group—parent of Shriram Life and India’s largest financial conglomerate—for 29 years. She started in truck financing, working her way up until in 2005 she launched Shriram Life. She is the only woman on the board of Shriram Capital, holding company for Shriram Group.

Akhila holds a Ph.D. in Economics, focusing on microcredit for women entrepreneurs. Under her leadership, the Shriram Group set up the Shriram Foundation in 1993. Shriram Life was conferred as ‘Best Life Insurance Company – Insurance Sector’ by Asia Banking, Financial Services and Insurance Excellence Awards in August 2014 at Singapore and ABP BFSI Awards for the “Best Life Insurance Company” in the insurance sector in February 2015.

Fant@stic 15 Shopping Festival: ICICI Bank and PayUMoney holds the festival

PayUMoney is bringing to Indian citizens, Fantastic Fifteen Shopping Festival, in association with ICICI credit and debit cards. This is by far the biggest online shopping festival spanning over 15 days for Indian shoppers with 35 exciting online brands to choose from on a platter. What’s more – shoppers get up to 40% off on shopping with ICICI Bank Credit and Debit Cards. Further, every consumer will get an assured discount of upto 15% on every transaction done through PayUMoney.
fantastic-15_size2Aptly named ‘Fantastic Fifteen,’ the shoppers can start filling their shopping carts from August 26, 2014 till September 9, 2014. Interestingly, to make the shopping experience even more fulfilling, shoppers stand a chance to win two Moto-G smart phones every day and 3000+ gift vouchers across the span of 15 days.
The Fant@stic 15 shopping festival is a class apart from any other online shopping festival that the shoppers would have witnessed so far as it spans over 15 days and provides ample amount of time to shoppers to choose from a variety of brands and avail exciting discounts on each transaction. The popular brands to lookout for during the festival are – Jabong, Dominos, adidas, Shopclues, BookMyShow, Goibibo, Red Bus, Zovi, Fabfurnish and Infibeam.
Open to all shopaholics and expecting a huge rush of shoppers starting day 1, the shopping festival is a great opportunity for all online buyers and discount lovers to make the most of the discounts offered. *“We’re extremely delighted to partner with ICICI bank for the fantastic 15 shopping festival. In fact it’s for the first time that a bank and an online payments company have joined hands to put a shopping festival of his scale. Not only one gets the best of brands to shop from and best of the offer to avail, the festival assures that one is rewarded while buying.
This means one is literally getting paid to shop! A consumer stands a chance to win two swanky Moto G smart phones every day, apart from 3000+ gift vouchers. We hope that festival will attract buyers across the country and wish to roll out such festivals more frequently.” *quoted Shailaz Nag, Co-founder and Chief Operating Officer at PayU India. The consumers can look for all offers at: payumoney.com/fantastic15.html.
PayUMoney is a FREE and unique online payments solution for anyone who wants to collect payments in India, be it individuals, brick and mortar start-ups, Freelancers, Schools, Hotels, Utility companies, Residential societies, Telcos, Insurance companies and traders retailers.
PayUMoney is from the house of PayU India, which is India’s fastest growing online payment company. In just two years PayU has achieved the feat of becoming the numero uno player in e-commerce category and second largest player in overall payments Industry. PayU serves more than 30,000 businesses today with proven success records. The firm’s clientele includes Goibibo, Snapdeal, Bookmyshow, Jabong, and Ferns n Petals, Freecharge, Zomato, Tradus, Rechargeitnow, Micromax Mobiles, Groupon India to name a few.


Hinduja Global Solutions open new Centre at Princeton, New Jersey in the US

Hinduja Global Solutions (HGS), a global leader in Business Process Management (BPM), has announced the opening of a new Centre in Princeton, New Jersey in the US, according to a company statement.
The Centre will focus on client-facing activities for HGS’ Extended Business Office Solutions (EBOS) as well as help deliver expanded capabilities for clients. Core services to be provided from the Princeton facility include medical claim resolution for governmental and commercial payers, medical coding, insurance eligibility and authorisation and data analytics.
Speaking on this development, Partha DeSarkar, Chief Executive Officer of HGS said: “HGS EBOS actively supports several clients in the US Healthcare industry in improving their financial health through revenue cycle management services. The new centre will augment these efforts with a stronger onsite presence and delivery of value-added services”.
HGS EBOS provides customised solutions in the areas of Patient Access, Health Information Management and Patient Financial Services for market leading providers in the US Healthcare industry.These solutions include financial clearance, medical coding and insurance claim resolution which are designed to improve net revenue, reduce bad debt and accelerate cash collections for clients. The business has over 400 employees who deliver services for EBOS clients from the Princeton facility, and centres in India and the Philippines. With the Princeton Centre, HGS has now increased its presence in the US to ten locations, employing over 2,200 employees.

HGS, part of the multi-billion dollar conglomerate Hinduja Group, is a world leader in Customer Relationship and Business Process Management, with a global footprint across North America, Latin America, Europe, Asia and Africa. With over three decades of experience with some of the world’s most recognised brands, it delivers the best practices that drive exceptional results for its clients. Its contact center solutions, back office transaction processing services, domain analytics and process consulting solutions combine operational excellence with functional expertise. It enjoys “Preferred Partner” status with most of its major clients. HGS currently serves 135 clients (excluding payroll processing clients) across sectors like Healthcare and Insurance, Banking and Financial Services, Consumer Products, and Tele-communications, Technology and Media. The global delivery network comprises of 58 centres employing over 25,700 people worldwide. HGS had a turnover of $ 364 million in the fiscal year 2012-13.

HMSI, Reliance General Insurance kick-start National Safety Week with a special initiative for school children

As a leading two-wheeler manufacturer, Honda Motorcycle and Scooter India Pvt Ltd (HMSI) – the Only Honda in Indian two-wheeler industry today announced the commencement of a special road safety initiative for kids during the National safety week, March 4-10, 2014.
According to a company statement, the inaugural activity was held at Ramjas International School, Pusa Road, New Delhi where students in the age group of 9-12 years were provided road safety education through innovative activities and practical training on specially imported Honda CRF 50-kids training bike making them learn the ‘fun way’. Uniquely designed kids helmets were also provided to kids which will help spread the awareness with greater impact and inspire parents and society at large to follow ethical road safety practices.
The event took place in the august presence of Prabhu Nagaraj – General Manager- Customer Service-HMSI, Rakesh Jain, CEO- Reliance General Insurance, Mr JC Pahuja, Education Coordinator- Ramjas Foundation and Ms Mohini Bindra- Principal- Ramjas International School, Pusa Road, New Delhi.
Honda believes that educating Young Minds on road safety is an effective way of spreading the message to the entire family. Their sincerity and willingness to learn and explore is unquestionable. Moreover, as the road users and 2wheeler riders of tomorrow, the objective is to educate them on how the Freedom of using roads comes with Responsibility – not just of self but also for other road users. This joint Road Safety Education Campaign in association with Reliance General Insurance will cover schools across North, West and Central regions of India.
Commenting on this unique initiative, Yadvinder S Guleria, Vice President- Sales and Marketing, HMSI said: “Road Safety is an important concern for Honda and we have been actively creating awareness and educating people since the inception of our operations in India. Recently we partnered with most famous kids character Chhota Bheem to reach out to families and society at large. We are happy to partner with Reliance General Insurance for the special initiative and wish for the success of this campaign”.
Rakesh Jain, CEO- Reliance General Insurance said: “As an insurance company we are into the business of managing risk. We want people to be safe while on the road by influencing their behavior towards road safety. Kids in particular do not wear helmet when they ride pillion on two wheelers. Therefore, our effort is towards making children aware on road safety. We are really happy to associate with Honda in this initiative as it would inculcate road safety awareness in kids and convert them into messengers of road safety”.
Globally, road safety promotion has been Honda’s top priorities worldwide since 1970. Under the “People Come First” philosophy, Honda follows Safety as an integral part of all its business activities. Honda is committed to make Safe Riding an everyday habit of two-wheeler riders and promotes Road Safety through ‘Lifetime Safety Education’ starting from five years young children to females, new riders and even big bike customers. Honda has already trained more than 40,000 people at its two traffic training parks in Jaipur and Delhi.
Reliance General Insurance Company Limited, subsidiary of Reliance Capital Limited, is one of India’s top private sector general insurance companies with a private sector market share of eight percent, in terms of gross written premium, of the private sector general insurance industry. The company has an asset under management of more than Rs 3,732 crore and an extensive distribution network of 127 offices and over 14,500 intermediaries (as on December 31, 2013). Reliance General Insurance offers an exhaustive and customized basket of insurance products that include motor, health, travel, student travel insurance etc. Reliance General is ranked amongst top 10 best BFSI brands in India as per prestigious BAV Insights 2013 survey by Rediffusion Y&R.

Auto Expo 2014: ACMA organises National Conference on ‘Meeting Challenges of Exports: Product Liability, Warranty & Recall

With the aim of providing the participants drive a deeper insight into the implications and lessons learned on risk management, engineering best practices and crisis strategy, the apex body, Auto Components Manufacturers Association of India (ACMA) organised a National Conference on Meeting Challenges of Exports: Produc Liability, Warranty & Recall in New Delhi.
The conference, according to ACMA, was organised on early last week, was with a view to drive a deeper understanding for participants on global standards, processes and strategies.
This Conference, which was held at the Holiday Inn, Mayur Vihar was inaugurated by the Joint Secretary Department of Commerce, Ministry of Commerce and Industry, Ravi Capoor. The conference was addressed by eminent speakers from various firms including Bharat Forge, Anand Automotive Group, Cummins India Ltd, Global Autotech Ltd, Avocado Rechtsanwälte, Germany, Supply Chain Services International, LLC and AON Global Singapore (Insurance Brokers) who addressed the following topics, namely, Importance and Relevance – A perspective from IPO Forum, Risk Indemnification and Insurance Clauses – Review and Compliance and Minimising risk through Insurance to name a few.
Major fillip
This initiative was part of ACMA’s target on export promotion and to provide a fillip to the Indian community at large for auto components. With rising exports and interdependence of global trade, the demands for product liability and product recall insurances are expected to become increasingly crucial and essential to the supplier community. Apparently, this is because legal liability is imminent in every product that they sell. It is therefore important to strategically avoid and manage legal hazards related to claims of non-performance of vehicle parts and systems.

Daimler India Commercial Vehicles launch four BharatBenz models, three tractor trailers and one construction mining truck

The Chennai-based Daimler India Commercial Vehicles Pvt Ltd (DICV), the wholly-owned subsidiary of the world’s leading truck manufacturer Daimler AG of Germany today launched four new BharatBenz models, three tractors and one Construction-Mining truck at an exclusive event conducted for Media in Mumbai, according to a company statement.
With the launch of the first three Heavy-duty models in September 2012 (2523R, 2523C and 3123C) BharatBenz began its offering of a range of trucks. Subsequently, BharatBenz launched its range of Medium-duty Trucks in February 2013. The German commercial vehicles major also launched its range of Made-in-India trucks for Export under the FUSO brand in May 2013. During 2013, two more Heavy-duty trucks (2528 and 3128) were also launched. While other variants are to be launched, this launch of Tractor models enhances the BharatBenz’s range to cover segments from 9 – 49 tonnes GVW. With today’s introduction of models, BharatBenz is now present in all major segments of Medium and Heavy duty trucking.
Four models
The four models launched today will be commercially available as of today through the fast entrenching well-established dealership network across the country. The BharatBenz Tractor and the Construction-Mining trucks will now bolster the capabilities of customer who operate in this segment adding the dimension of reliability, fuel-efficiency and an overall superior TCO benefit.
Marc Llistosella – Managing Director & CEO, DICV said: “The trucking industry in India is experiencing a tough phase. Under such circumstances, customers critically examine the offerings by manufacturers. BharatBenz trucks with their superior all-round performance and TCO benefit therefore enjoy a much greater advantage. With the launch of these trucks BharatBenz is now present in all major trucking segments as promised two years ago. The complete experience that the BharatBenz range provides has also triggered a substantial transformation in Indian trucking”.
In 2013, BharatBenz 3123R won the ‘Best Rigid Haulage Truck of the Year’ and the ‘CV of the Year’ award. This was within three months of the launch of its trucks in the market in September 2012. In January 2014, DICV won the ‘CV maker of the Year’ award and BharatBenz won two awards for its trucks. The 1217C won the ‘Innovation of the Year’ award and the 3128C won the ‘Best Haulage Carrier over 25 tonnes GVW’ at the industry-leading Apollo CV Awards. The awards besides adding fame to the brand’s performance in India also acknowledges the long sought positive transformation the brand BharatBenz has brought to Indian Truckers. The brand besides providing the best in terms of products and services has also changed the paradigm of customer orientation for the entire industry.
Speaking on the occasion, VRV Sriprasad – Vice-President, Marketing, Sales and Aftersales, DICV said: “Tractor-Trailers are at the very top of the value-chain in trucking. Hauling heavy goods over long distances, the qualitative aspects that BharatBenz provides in terms of efficiency, reliability, economy and overall TCO benefits become most important and imperative. With all the promised parameters established the Tractor-trailer operators would benefit most with BharatBenz. The Construction-Mining truck on the other hand will provide a very important aspect of reliability considering the conditions in which these trucks will be operated, demand continuous use under tortuous conditions”.
Honouring commitments
With the launch of the current models, DICV has continued to deliver on its promised portfolio as per schedule announced at inception. BharatBenz reached the 4th position in the industry in 2013 and continues to focus strongly on its business plan. Further models are planned besides its focus on Daimler Buses for India. The committed financial infusion from the parent Daimler AG continues as per plan and shall support the vision of Daimler India towards achieving its plan to transform to the Indian Commercial Vehicle industry to the next level.
Formidable network
Since the launch of the first BharatBenz dealership in Chennai in August 2012, BharatBenz has established a network of 75 outlets in line with its plans to cover more than a 100 locations by early 2015. These dealerships are state-of-the-art and are equipped besides modern facilities with well-trained manpower for both Sales and Service. While the sales team is trained to sell BharatBenz trucks based on values, the Pro-Active service from Aftersales ensures that the customer’s truck has maximum uptime and benefits the customer.
Financing and Insurance
BharatBenz also provides industry-first and industry leading features in financing and insurance through its exclusive tie-ups with reputed financial institutions. BharatBenz Financial (BBF), a captive financing subsidiary of Daimler offers a one-stop-solution for BharatBenz customers at all dealerships.