HDFC ERGO Launches Optima Wellbeing, A Unique OPD Subscription, In Delhi-NCR

* An OPD subscription plan offering end-to-end cashless outpatient medical services and up to 50% discount on diagnostics and medicines

HDFC ERGO General Insurance Company, India’s leading private sector general insurance company has launched Optima Wellbeing in Delhi, Gurugram, and Ghaziabad. This unique outpatient department (OPD) subscription plan, initially launched in Mumbai, is now extended to Delhi, Gurugram, and Ghaziabad along with Pune, Bengaluru, Hyderabad, and Jaipur.   Optima Wellbeing is an add-on insurance solution to the Company’s flagship product Optima Secure health insurance plan, which is one of the highest-rated health indemnity insurance products in the country.

In India, out-of-pocket medical expenses contribute to over 45% of the total health expenditure. Under HDFC ERGO’s Optima Wellbeing, customers can avail the cashless facility and enjoy unlimited tele & in-person consultations, and free home sample collections along with up to 50% off on diagnostics and medicines.

Speaking on this, Parthanil Ghosh, Director and Chief Business Officer, HDFC ERGO General Insurance, said, “As an important stakeholder in building a ‘Healthy India’, we at HDFC ERGO remain committed to enhancing customers’ well-being through innovative offerings and cutting-edge technology. Launched in Mumbai in 2023, we are now extending our Optima Wellbeing to 7 more cities with a belief that our OPD subscription plan with end-to-end cashless mode will make health insurance Accessible, Affordable and Convenient, thus, deepening the ‘trust’ of people towards health insurance”

Founded in the year 2002, HDFC ERGO has been consistently bringing in innovative tech-enabled health insurance products and solutions to provide convenience and ease to its customers. The company launched a path-breaking suite of 6 health insurance products and 2 service upgrades, allowing customers access to global healthcare facilities and wider coverages against uncertainties. Besides, the company also upgraded its Optima Secure health insurance plan, which is India’s one of the most popular retail health indemnity products, with features like NRI discounts, an OPD Plan with unlimited tele and physical consultations with free sample collection, and a global treatment plan for worldwide hospitalisation.

The company also unveiled insurance-led eco-system ‘here’, a unique one-stop platform, to address customers’ anxiety on health care motor, and provide them with credible information.  Under the health corner, the platform helps the users with personalised health and wellness programmes such as diabetes management techniques, patient-to-patient connect feature where individuals can connect with other volunteers who have undergone similar medical procedures, etc.

HDFC ERGO is among the pioneers in India to introduce interest-free instalment-based health insurance through its Optima Secure product, thus alleviating the financial burden on policyholders. The company’s extensive network of over 12,000 cashless healthcare providers assures hassle-cashless treatment to its policyholders. With a remarkable claim settlement ratio of 99% for accident and health claims in FY 23, the company underscores its commitment to democratise insurance and delivering efficient and hyper-personalised customer-centric services.

For more details on HDFC ERGO’s health insurance products, please visit:  https://www.hdfcergo.com/health-insurance.

About HDFC ERGO: 

HDFC ERGO General Insurance Company Limited was promoted by erstwhile Housing Development Finance Corporation Ltd. (HDFC), India’s premier Housing Finance Institution and ERGO International AG, the primary insurance entity of Munich Re Group. Consequent to the implementation of the Scheme of Amalgamation of HDFC with and into HDFC Bank Limited (Bank), one of India’s leading private sector bank, the Company has become a subsidiary of the Bank. HDFC ERO is one of India’s leading non-life insurance company in the private sector. A digital-first company, transforming into an AI-first company, HDFC ERGO is a leader in implementing technology to offer customers the best-in-class service experience.

The company has created a stream of innovative & new products as well as services using technologies like Artificial Intelligence (AI), Machine Learning (ML), Natural Processing Language (NLP), and Robotics. HDFC ERGO offers a range of general insurance products and has a completely digital sales process with ~94% of retail policies issued digitally. HDFC ERGO’s technology platform has empowered the customers to avail 75% of the services digitally on a 24x7 basis with ~17% of the customer requests serviced by Artificial Intelligence-based tools. The Company has one of the best claims payout ratios in the General Insurance industry

The Company offers a complete range of General Insurance products including Health, Motor, Home, Agriculture, Travel, Credit, Cyber and Personal Accident in the retail space along with Property, Marine, Engineering, Marine Cargo, Group Health and Liability Insurance in the corporate space. Be it unique insurance products, integrated customer service models, top-in-class claim processes or a host of technologically innovative solutions, HDFC ERGO has been able to delight its customers at every touch-point and milestone to ensure consumers are serviced in real-time.

Please log on to www.hdfcergo.com or stay connected on the following social media handles to get more information on HDFC ERGO and the products and services offered by the company.

Embassy Group FYE 2024 Sales Transaction Value Of Rs.2250 Crore - Achieves 85% Growth

* For FY25, Embassy has a robust line-up of project launches in Bengaluru with a combined gross development value worth Rs.8,000 crore

Embassy Group, a leading real estate developer, achieved its best ever performance in FY2023–24 for its Bengaluru residential business, with a record-breaking sales transaction value of Rs. 2,250 crore – an 85.5% jump from the previous year. Embassy sold 21.18 lakh sq. ft., achieving a year-on-year growth of 103% in area sold. This was primarily fuelled by interest from high-net-worth individuals (HNIs) and non-resident Indians (NRIs) in ready-to-move-in luxury projects, premium homes with differentiated amenities, and self-sustaining integrated townships. 

Notably, Embassy Group achieved realisation of Rs. 15,925 per square foot for its built projects. Furthermore, plots recorded a realisation of Rs. 7,195 per square foot. The overall net average realisation across the residential portfolio stood at an impressive Rs. 12,915 per square foot, the highest in Bengaluru, cementing Embassy Group's position as a premium real estate developer delivering unmatched quality to its customers.

Speaking on the success of the residential business and plans for FY25, Aditya Virwani, COO of Embassy Group, said, “We are extremely proud of our exceptional performance in the last year. Our residential sales of Rs. 2,250 crore includes collections amounting to Rs. 1,464 crore. This remarkable achievement is a testament to our strategic focus on strengthening and investing in the residential segment. As we anticipate a sustained upcycle in the country’s housing market in the coming years, we are committed to maintaining this momentum. With demand increasingly consolidating towards Grade A developers, we aim to replicate the same level of success we've achieved in the office leasing market within the residential sector.”

“We have secured a meaningful pipeline of Rs. 8000 crore GDV or 7 million sq. ft. of residential launches in FY25, many of which will be developed under our future asset agreement with Indiabulls Real Estate (IBREL). We are also eagerly looking for and exploring new opportunities beyond our existing pipeline,” he added. 

In recent years, the luxury housing sector in India has expanded significantly due to evolving lifestyles, rising disposable incomes, and a thriving aspirational class. The demand for homes from Grade A developers has been particularly pronounced in major metropolitan cities, along with the emergence of new micro-markets characterised by upscale developments and premium infrastructure. As India's economy continues its momentum, the housing sector is poised for sustained growth, presenting lucrative opportunities for developers to cater to the discerning preferences of homebuyers.

About Embassy Group

Embassy Group is a leading real estate developer. The over 70 million square feet of commercial, residential, industrial and warehousing, hospitality, services, retail, and education spaces we have delivered emphasise high standards of quality, world-class services, environmental management, and safety. Founded in 1993, our operations now span the Indian and international markets of Bengaluru, Chennai, Hyderabad, Thiruvananthapuram, Mumbai, Pune, the NCR, Serbia, and Malaysia. Our 45 million sq. ft. of ready and ongoing residential developments encompass branded residences, uber-luxury villas, exclusive villaments, sky condominiums, integrated developments, senior living, and contemporary homes. Embassy is a sponsor of India’s first publicly listed and Asia Pacific’s largest Real Estate Investment Trust (REIT). We strive to build a resilient ecosystem and proactively foster the social, economic, and environmental development of the communities we work in. Further information is available at www.embassyindia.com.

CARE Hospitals, Hi-Tec City, Hyderabad Launches CARE Institute Of Digestive Diseases And Liver Transplantation

CARE Hospitals, a premier multi-speciality healthcare group in India, launched CARE Institute of Digestive Diseases and Liver Transplantation at their HITEC City, Hyderabad facility. The institute was inaugurated by Dr. K. Hari Prasad, Chairman and Non-Executive Director of Quality Care India Limited in the presence of Jasdeep Singh, Group CEO, CARE Hospitals Group, Dr. Mohammed Abdun Nayeem, Clinical Director & HOD of CARE Institute of Digestive Diseases and Liver Transplant, CARE Hospitals and other key dignitaries. This extension is the sixth liver transplant centre for the CARE Hospitals Group across India, marking a significant milestone in the continuum of exceptional healthcare services provided by CARE Hospitals

The CARE Institute of Digestive Diseases and Liver Transplantation, powered by a team of India's most qualified and highly experienced surgeons specialising in liver transplant, Hepato-pancreato-biliary (HPB), and gastrointestinal (GI) surgeries, stands as one of the leading centres for liver transplantation in India. It provides comprehensive care for liver, gastrointestinal, and pancreatic ailments with utmost precision, ensuring the best possible outcomes for patients.

Dr. K. Hari Prasad, Chairman and Non-Executive Director of Quality Care India Limited, said, "The launch of the CARE Institute of Digestive Diseases and Liver Transplantation underscores our commitment to delivering world-class healthcare services. This expansion reaffirms our dedication to addressing the growing healthcare needs of our communities. Our focus on excellence and innovation drives us to continuously elevate the quality of our healthcare services."

The team's clinical expertise, bolstered by state-of-the-art equipment and the up-to date treatment protocols, combined with round-the-clock patient support, has contributed to achieving unparalleled clinical outcomes in the field of liver transplantation. This seamless integration of advanced medical technology and compassionate patient care ensures a superior patient experience from pre-operative management through surgery and postoperative care, leading to excellent recovery rates for both adult and paediatric liver transplants.

Jasdeep Singh, Group CEO, CARE Hospitals Group, commented, "We are proud to introduce this institute, which will offer patient-centric clinical care of the highest standards. Our mission is to minimise the impact of liver diseases on society through early detection and advanced treatment options. We aim to educate the community on maintaining liver health and encourage organ donation to save lives. Our team of highly skilled surgeons, equipped with the latest technologies, ensures optimal outcomes for our patients."

Additionally, the institute's paediatric liver transplant program is dedicated to providing life-saving treatment options for children with end-stage liver diseases. Specialised expertise and facilities cater to the unique needs of paediatric patients, ensuring their long-term well-being and quality of life.

Dr. Mohammed Abdun Nayeem, Clinical Director & HOD of CARE Institute of Digestive Diseases and Liver Transplant, CARE Hospitals, affirmed, "We are dedicated to providing comprehensive care for liver, gastro-intestinal, and pancreatic ailments. By establishing successful liver transplant programs across the CARE Hospitals Group in five states, we have been able to offer life-saving affordable treatment while maintaining high-quality care. The launch of this additional centre at CARE Hi-tech city enhances accessibility, allowing patients to receive comprehensive timely and efficient care. Witnessing the transformation of patients with life-threatening liver conditions to leading healthy lives is a testament to the remarkable impact of liver transplants.”

With over 2000 successful liver transplants, including adult and paediatric cases, and a remarkable 98% success rate, the CARE Institute of Digestive Diseases and Liver Transplantation stands as a beacon of excellence in healthcare. The first successful ABO-incompatible paediatric liver transplant on a 3-year-old baby in Telangana state in 2021, one of the ground-breaking achievements of the institute, exemplifies its commitment to innovation and patient care.

About CARE Hospitals:

CARE Hospitals Group is a multi-specialty healthcare provider operating 17 healthcare facilities serving 7 cities across 6 states in India. The network has a presence in Hyderabad, Bhubaneswar, Vishakhapatnam, Raipur, Nagpur, Indore & Aurangabad. A regional leader in South and Central India and counted among the top 5 Pan-Indian hospital chains, CARE Hospitals delivers comprehensive care in over 30 clinical specialities, with over 3000 beds. CARE Hospitals is a part of Quality Care India Limited, India’s largest hospital chain focusing on emerging cities in South Asia, operating 25 healthcare facilities across 13 cities.

Samsung Offers Exciting Limited Period Deal On Galaxy S23 FE

·       Samsung is democratising Galaxy AI with Galaxy S23 FE; the smartphone will be available on Flipkart’s Big Saving Days sale at just INR 33999 starting May 2

·       Samsung and Flipkart announced an exciting partnership for Flipkart’s Big Saving Days through a digital film featuring Samsung’s JB Park and Flipkart’s Kalyan Krishnamurthy

Samsung, India’s largest consumer electronics brand, today announced an exciting partnership with Flipkart for its Big Saving Days sale starting May 2. The partnership was announced via a collaborative digital film featuring JB Park, President & CEO, Samsung Southwest Asia and Kalyan Krishnamurthy, CEO, Flipkart Group. In the film, the two leaders break language barriers by speaking with each other in their preferred language using Live Translate feature of Galaxy AI.

Watch the partnership film here: https://www.youtube.com/watch?v=yF0HDEOqf2w

As part of the exciting deals during Flipkart’s Big Saving Days sale, the premium and powerful Galaxy S23 FE, originally priced at INR 54999, will be available at an unbeatable price of INR 33999. This incredible deal incorporates a bank cashback of INR 1000, bringing the best of Galaxy AI features at a remarkable price.

Samsung's commitment to innovation shines through with the latest software update featuring Galaxy AI in the Galaxy S23 FE. With Galaxy AI, users can harness features like Circle to Search, Live Translate, Photo Assist, and Chat Assist at their fingertips.

Fostering spontaneous interactions, Live Translate offers voice and text translations during phone calls, making it easier to connect globally.

Circle to Search instantly generates intuitive results with a swift gesture, easily extracting information on Google and improving browsing efficiency.

Elevating communication, Chat Assist refines tones and translates messages in 13 languages whilst Interpreter enables live text translations in split-screen views during conversations, breaking language barriers.

Galaxy AI also offers creative features like Browsing Assist that generates concise outlines of news articles and web pages, saving time and ensuring users stay informed effortlessly. Boosting productivity, there is Note Assist that helps in organization with AI-generated summaries, templates, and translations for effectual notetaking and sharing. Transcript Assist effortlessly transcribes meetings and writes up key takeaways to simplify post-meeting documentation. Tools like Generative Edit unleash creativity allowing for effortless post-shot adjustments whereas Edit Suggestion provides personalized edits with AI-generated suggestions, ensuring every photo shines with professional-quality enhancements.

With advanced hardware and AI-enhanced software, the Galaxy S23 FE delivers a premium smartphone experience, making everyday tasks easier and more efficient. Galaxy S23 FE comes with features such as 50MP (W) + 12MP (UW) + 8MP (OIS) camera with 3X optical zoom that helps capture bright and stunning pictures. The Nightography feature on Galaxy S23 FE provides clear selfies and portraits in lifelike colours, even in the dark. Galaxy S23 FE also comes with a flagship chipset for ultimate performance and Ray Tracing, a technique of graphics rendering that makes reflections, lights, and shadows in a game mirror the real world.

The offer on Galaxy S23 FE will go live on Flipkart starting May 02 for a limited period.

About Samsung Electronics Co., Ltd.

Samsung inspires the world and shapes the future with transformative ideas and technologies. The company is redefining the worlds of TVs, smartphones, wearable devices, tablets, home appliances, network systems, and memory, system LSI, foundry and LED solutions, and delivering a seamless connected experience through its SmartThings ecosystem and open collaboration with partners. For latest news on Samsung India, please visit Samsung India Newsroom at http://news.samsung.com/in. For Hindi, log on to Samsung Newsroom Bharat at https://news.samsung.com/bharat. You can also follow us on Twitter @SamsungNewsIN

Tata Motors Registered Total Sales Of 77,521 Units In April 2024

Total CV Sales of 29,538 units, 31% YoY

Total PV Sales of 47,983 units, 2% YoY

Tata Motors Limited sales in the domestic & international market for April 2024 stood at 77,521 vehicles, compared to 69,599 units during April 2023.

Domestic sale of MH&ICV in April 2024, including trucks and buses, stood at 12,722 units, compared to 8,985 units in April 2023.

Total sales for MH&ICV Domestic & International Business in April 2024, including trucks and buses, stood at 13,218 units compared to 9,515 units in April 2023.

Passenger Vehicles: Includes sales of Tata Motors Passenger Vehicles Limited and Tata Passenger Electric Mobility Limited, both subsidiaries of Tata Motors Limited.

Toyota Kirloskar Motor Records Sustained Monthly Sales Momentum With Growth of 32% In April 2024

* Backed by consistent demand, domestic sales represent strong customer acceptance of the growing and wide portfolio.

Toyota Kirloskar Motor (TKM) has continued to strengthen its growth trajectory by recording a consistent increase in its monthly sales units. The company today announced that 20,494 units were sold in the month of April 2024, representing a Y-o-Y growth of 32%, as compared to April 2023, where the company sold 15,510 units. The growth momentum was sustained despite a weeklong maintenance shutdown from April 06-14, 2024, for upkeep of machinery and equipment to sustain operational efficiencies, productivity and safety.

In the current month, domestic sales accounted for 18,700 units while exports totalled to 1,794 units during the same month.

This success also reflects a significant increase of 48% in first four months of CY 2024, with a sale of 97,503 units, as compared to the same period in CY 2023, where the company sold 65,871 units.

Speaking on the sales momentum, Mr. Sabari Manohar – Vice President, Sales-Service-Used Car Business, Toyota Kirloskar Motor said, “In FY 2023-2024, we demonstrated an unwavering commitment towards quality and customer centricity that pivoted us to report record breaking growth.  Inspired by the same determination, we are thrilled to announce that in the month of April 2024, we have recorded a growth of 32% over the same period last year. We believe that this stable performance underlines a strong foundation for another positive year.

At TKM, we are committed to a customer-centric approach with a growing emphasis on providing value-added services that are tailor-made to meet the diverse needs of our customers. Further advancing this goal, we recently launched 'T GLOSS' to provide comprehensive car care solutions specifically for Toyota vehicles. T GLOSS provides customers access to quality car care solutions through highly trained professionals, ensuring a delightful ownership experience.

Our product strategy resonates the strong connect with the market, thanks to the diversified portfolio that has enhanced value and delivering delightful ownership experience. In line, we introduced several new grades across key models like Hycross, Fortuner, and Rumion which has enabled our valued customers with a wider choice that fits their lifestyle and mobility needs.

Furthermore, our diversified portfolio has been instrumental in driving our growth. Models such as the Innova Crysta, Innova Hycross, Fortuner, Legender, Urban Cruiser Hyryder, Hilux, and LC300 are leading the charge. Additionally, other offerings like the Camry Hybrid, Glanza, Vellfire, and Rumion have also made significant contributions to TKM's upward sales trajectory.

The recent addition to our SUV lineup, the All-New Urban Cruiser Taisor, further reflects our commitment to meeting evolving market demands. We sincerely extend our heartfelt gratitude for the overwhelming acceptance of the new product, and we look forward to serving our discerning and value-conscious customers in the country. “

Honda Cars India Registers Total Sales Of 10,867 Units In April 2024

Honda Cars India Ltd. (HCIL), leading manufacturer of premium cars in India, registered total sales of 10,867 units in April 2024 as compared to 7,676 units in the same month last year. The company registered 4,351 units in domestic sales and 6,516 units in exports in the month of April’24.

Sharing thoughts on April’24 sales performance, Mr. Kunal Behl, Vice President, Marketing & Sales, Honda Cars India Ltd. said, “Our planned production volumes in April were lower due to switchover of Elevate and City production to six-airbag standard variants and the dispatches were aligned accordingly. On the other hand, export of Elevate continues to significantly boost HCIL export volume which grew by 175% over same period last year.”

The company had registered 5,313 units in domestic sales and exported 2,363 units in April’ 23.

About Honda Cars India Ltd.

Honda Cars India Ltd. (HCIL), a leading manufacturer of premium cars in India, was established in December 1995 with a commitment to provide Honda’s passenger car models and technologies, to the Indian customers. HCIL’s corporate office is based in Greater Noida, UP and its state-of-the-art manufacturing facility is located at Tapukara, District. Alwar, Rajasthan. 

Honda’s models are strongly associated with advanced design and technology, apart from their established qualities of durability, reliability, safety, and fuel-efficiency. The company has a strong sales and distribution network spread across the country. 

Besides the new car business, Honda offers one stop solution for buying and selling pre-owned cars through its business function Honda Auto Terrace. The Honda Certified Pre-owned cars come with an assurance of quality and peace of mind that caters to the diverse and burgeoning needs of pre-owned car buyers across the country.