HRAWI elects Dilip Datwani as president for second term

Hotel and Restaurant Association of Western India (HRAWI) today said it has re-elected Dilip Datwani as President at its 67th Annual General Meeting (AGM).

Datwani has been serving in the role of the President for 2016 17, and will now continue to serve in the same capacity for the term of 2017 2018, HRAWI said in a release.

Gurbaxish Singh Kohli will also continue as the senior Vice President for the same tenure while Pradeep Shetty takes a sabbatical for this year and Sherry Bhatia will replace him as the Secretary.

---------------------------------------------- Bharti AXA Life launches 'Guaranteed Income plan' Mumbai: Bharti AXA Life Insurance today launched a non-linked limited pay non-participating savings life insurance plan - Guaranteed Income plan.

Its a savings plan that provides increasing income every year ensuring that the rising expenses are taken care of and life insurance coverage in case of an unfortunate event to keep your family covered even in the worst eventuality, the company said in a release.

"Guaranteed Income plan is a risk free solution to ensure that uncertainties in life and financial are well taken care of. The product can act as a shield for inflation, it can ensure a guaranteed regular income during retirement and also act as an investment to secure your child's future," Bharti AXA Life Chief and Appointed Actuary Mudit Kumar said.

-------------------------------------------- Sumeru appoints Mithun Appaiah as CEO of India Mumbai: Frozen foods brand Sumeru, under Innovative Foods, today announced the appointment of Mithun Appaiah as the Chief Executive Officer of India and International Operations.

Prior to this, Appaiah was the Vice President with ID foods which saw disruptive growths under his leadership, the company said in a release.

"Our focus will be on bringing innovative products to Indian and global consumers and take the Sumeru experience deeper into the existing markets which are presently untapped," Appaiah said.

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Shriram Life now to settle death claims within 48 hours Mumbai: Shriram Life Insurance today said it has launched a new initiative to settle death claims of customers within 48 hours of receiving documents.

With the average disbursement time in the industry at 10 days, the private insurer will now settle customer claims within 48 hours, Shriram Life said in a release.

"When a loved one passes away, the last thing that anyone wants to worry about is a life insurance company delaying payment on a claim to the death benefit. We identified this critical need and worked towards this initiative that would help save time and effort," Shriram Life Managing Director Manoj Jain said.

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Iffco Tokio GI launches QCS for motor OD claims Mumbai: Iffco Tokio General Insurance today announced the launch of Quick Claim Settlement (QCS) scheme for motor own damage (OD) claims.

The facility would enable the private insurer to settle claims of up to Rs 20,000 of private car customers and release the settlement amount within 30 minutes, a release said.

"We believe that the traditional claim settlement process followed in motor insurance is now becoming a thing of the past and to keep up with best service standards, we have launched this scheme," Iffco Tokio General Insurance Managing Director and Chief Executive Warendra Sinha said.

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