Edelweiss Tokio Life gets IRDAI approval for POS-Life product

Edelweiss Tokio Life Insurance today said it has obtained approval from the regulator for 'POS - Saral Nivesh', which will soon be sold over the counter for the first time in the country under the POS (Point of Sale) guidelines.
The private life insurer is the first to receive approval from IRDAI (Insurance Regulatory and Development Authority of India) to sell such a product through POS, the company said in a release.
"The POS - Saral Nivesh, allows a customer to buy insurance at an affordable premium over the counter in just few minutes. The purpose of introducing this product is to increase insurance penetration in India," said Edelweiss Tokio Life Managing Director and CEO Deepak Mittal. ------------------------------------

CAIT to hold 2-day national conference on GST from Apr 27
Confederation of All India Traders (CAIT) today said it is holding a two-day national conference of prominent trade leaders in New Delhi from 27th of this month.
More than 150 trade leaders from across the country will participate in the conference, CAIT National President B C Bhartia said in a release issued here.

"Our effort is to train them as master trainers on both GST and digital payments and in turn they will train trading community at district level in their respective states," he added.
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ASM group of institutes collaborates with IBM

Pune-based ASM Group of Institutes today said it has tied-up with IBM to help students learn about technologies like Big Data and business analytics.
As a part of this initiative, the institute has set up an IBM Business Analytics Lab to aid its Career Education Program whereby faculty members and students will be equipped with the knowledge and skills to work on various analytical tools and techniques to analyse and predict data, a release said.
Under this program, IBM is helping ASM Group of Institutes develop an innovative curriculum, taught by IBM subject matter experts and institute faculty members, it added.

--------------------------------------- Ola launches contest 'Ola Partners League' for drivers
Online transportation aggregator Ola today announced the launch of 'Ola Partners League' - a virtual cricket game for its driver partners.
The four week-long contest will see Ola driver partners score runs by completing simple tasks and redeeming them against prizes such as cars, TVs, laptops and scholarships in leading cricket academies for children of driver partners, the company said in a release.
Kick starting today, OPL is open to all Ola driver partners across Bengaluru, Mumbai, Delhi, Chennai, Kolkata, Hyderabad, and Pune, and will be live till May 20.
Aetna eyes Rs 300 cr revenue by 2020

* US-based diversified health care benefits firm, Aetna is targetting revenue of Rs 300 crore with four million members in India by 2020.
With an aim to expand its services here, the company's Indian arm, Indian Health Organisation (IHO) has launched its 'vHealth by Aetna' offering fast access to a doctor from any convenient location.
The new service will be available at an annual subscription cost of Rs 2,400 for a family of four covering unlimited primary care consultations, management of chronic conditions, treatment of minor illnesses, advice on alternate treatment options, interpretation of diagnostic reports, the company said.
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HotFut ties up with Franchise India, to invest USD 10 mn * Sports infrastructure development firm HotFut has tied up with franchise and retail solution provider, Franchise India and plans to invest USD 10 million (over Rs 64 crore) to expand operations across India.
Expansion would include setting up over 100 facilities in the next three years and would be funded by internal accruals and franchisee model, the company said in a statement.
"As we expand nationally, HotFut will setup benchmarks in sports facilities across India with active participations from enthusiasts to really involve general public," Pavit Singh, Co-Founder and Director, HotFut said.