Latest news with #HDFCERGO
Time of India
11 hours ago
- Business
- Time of India
Inside Bezos-Sánchez wedding: Billionaire romance anchored by $500M Superyacht Koru
As billionaire entrepreneur and Amazon founder Jeff Bezos readies to tie the knot with fiancée Lauren Sánchez in a star-studded ceremony in Venice, attention has once again turned to one of the world's most extravagant personal vessels—the superyacht Koru . Arriving in Italy aboard the grand sailing yacht, Bezos was seen alongside Sánchez at the historic Aman Hotel, heightening anticipation for what is being described as one of the most glamorous weddings of the year, as mentioned in a report by USA Today. Largest Sailing Yacht in the World Koru, built by Dutch shipyard Oceanco, holds the distinction of being the largest sailing yacht globally, measuring an estimated 417 feet in length. The three-masted schooner is painted in a signature midnight blue, featuring three jacuzzis, an expansive pool on the upper deck, and multiple viewing levels. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Tap into health protection with just a click! Buy HDFC ERGO Get Quote Undo The masts, towering at around 230 feet, are comparable in height to the Great Pyramid of Giza. Originally mired in controversy due to plans to dismantle a historic Rotterdam bridge to facilitate its transfer, the vessel was ultimately delivered to Mallorca in 2023 after its masts were transported separately to avoid public backlash. The Meaning Behind 'Koru' The yacht's name, Koru, derives from the Māori word symbolizing a spiral, referencing new beginnings, renewal, and personal growth. Bezos, 61, reportedly selected the name to reflect a fresh chapter in life, now marked by his relationship with Sánchez, a 55-year-old former TV journalist. Live Events A support vessel accompanies Koru , aptly named Abeona, after the Roman goddess associated with departures and safe travels. Artistry and Design The yacht's design is a product of Dykstra Naval Architecture, while the interior has been curated by Mlinaric Henry & Zervudachi. The décor blends natural wood tones with warm neutral palettes and bespoke textiles, lending a sense of timeless elegance, Oceanco confirmed. There was speculation about the yacht's figurehead resembling Sánchez. However, she clarified in a 2023 Vogue interview that it actually depicts Freyja, the Norse goddess of love and war—one of Bezos's favorite mythological figures. Proposal Aboard the Koru Bezos proposed to Sánchez on board Koru during a romantic voyage at the 2023 Cannes Film Festival, where he hid a pink diamond engagement ring under her pillow. The intimate moment, as described by Sánchez, left her momentarily overwhelmed. Wedding of the Season in Venice While the couple remains discreet about the exact date, reports indicate the three-day wedding celebration will take place between June 26 and 28, attended by nearly 200 guests. High-profile figures such as Oprah Winfrey, Diane von Furstenberg, Salma Hayek, Mick Jagger, Ivanka Trump, and Kim Kardashian are expected to join the festivities. The Bezos-Sánchez nuptials follow a trend of elite weddings in Venice, joining the likes of George and Amal Clooney and Salma Hayek and François-Henri Pinault. FAQs What is the occasion involving Jeff Bezos and Lauren Sánchez? Jeff Bezos, Amazon founder and billionaire entrepreneur, is preparing to marry his fiancée Lauren Sánchez, in a star-studded, three-day wedding ceremony in Venice, Italy. When is the wedding scheduled to take place? While the exact date has not been officially confirmed, reports suggest the wedding celebrations will span from June 26 to June 28, 2025.
Time of India
15 hours ago
- Business
- Time of India
Pound hits 2021 high against dollar as Trump eyes new Fed boss
The dollar deepened losses against the pound Thursday after President Donald Trump lined up candidates to succeed Federal Reserve boss Jerome Powell , fuelling bets of cuts to US interest rates. The British currency climbed to $1.3765, the highest level since October 2021, while the greenback fell also against the euro. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Search Ends Here for Better Health Insurance Plans. Buy Now. Buy HDFC ERGO Get Quote Undo
Hindustan Times
16-06-2025
- Health
- Hindustan Times
Mohali: Insurer to cough up ₹2 lakh for denying mediclaim
The District Consumer Disputes Redressal Commission, Mohali, has directed HDFC ERGO Health Insurance Limited (formerly Apollo Munich Health Insurance) to reimburse ₹2 lakh to a policyholder for wrongly denying a mediclaim. The commission also awarded ₹30,000 as compensation for mental harassment and litigation costs. The complainant, Kuldeep Singh Sandhu, a resident of TDI City, Sector 117, Kharar, informed the commission that he had bought a group mediclaim policy from Apollo Munich through Canara Bank's Phase 10 branch. The policy, issued in the name of his wife, Jaspal Kaur, provided both of them a ₹5-lakh cover and was valid from November 30, 2019, to November 29, 2020. On March 6, 2020, he was admitted to Sri Guru Harkrishan Sahib Eye Hospital, Sohana, after vomiting, gait ataxia, vertigo, slurred speech and numbness in the face. The hospital sent a request to HDFC ERGO for cashless treatment, but the insurer denied it on March 9, citing pre-existing Coronary Artery Disease (CAD) as the reason. The policy was subsequently terminated on March 10. The complainant contested the CAD claim, submitting medical evidence from a cardiologist, who certified on March 11, 2020, that Sandhu had no cardiac symptoms or history of CAD. Another certificate from another doctor clarified that a blood thinner prescribed to Sandhu since 2008 was being used purely as a preventive measure. Despite this, the insurer did not approve the claim or reimburse the hospital expenses, forcing the complainant to pay ₹1,01,953 for the March 6 hospitalisation and ₹99,053 for a second admission on March 18 for similar symptoms. The total out-of-pocket expense amounted to over ₹2 lakh. The commission noted that the insurer did not produce any credible evidence proving Sandhu had CAD prior to the policy's inception. Holding HDFC ERGO guilty of deficiency in service and unfair trade practices, the commission remarked that insurance companies often enticed customers at the time of policy sale but shirked responsibility when it came to settling genuine claims. The insurer was, thus, directed to reimburse the full hospital bill with 6% annual interest from the date of discharge (March 23, 2020) within 30 days, failing which the interest rate will increase to 9% per annum.
Yahoo
09-06-2025
- Business
- Yahoo
HDFC ERGO General Insurance Wins Duck Creek Standard of Excellence Customer Award at Formation '25
The integration of new technology solutions by Duck Creek will enhance operational efficiency and customer experience for the insurer BOSTON, June 09, 2025 (GLOBE NEWSWIRE) -- Duck Creek Technologies, the global intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, today announced HDFC ERGO General Insurance Company Limited (HDFC ERGO), India's leading private sector general insurer, as a 2025 Standard of Excellence Customer Award winner at Formation '25, its flagship customer conference held in Orlando, Florida. A digital-first company, transforming into an AI-first company, HDFC ERGO is a leading general insurer of India, which is known for introducing pioneering and futuristic tech solutions in the Indian insurance landscape to offer its customers the best-in-class service experience. The Duck Creek Standard of Excellence Customer Awards recognize customers who have achieved the highest level of excellence through their implementation of Duck Creek solutions and who have a vision to advance their business, while reimagining the future of insurance. HDFC ERGO earned recognition for accelerating product launches, streamlining system integration, and increasing market agility using Duck Creek's solutions, including Policy, Billing, Rating, and Insights. The Indian insurance market is undergoing a major transformation with a growing customer demand and the need for hyper-personalized services. The Insurance Regulatory and Development Authority of India (IRDAI) has also been encouraging the insurers to develop agile and customer-centric products so as to fuel insurance inclusion among diverse demographics and across the diverse geographies in the country. HDFC ERGO's adoption of Duck Creek's low-code, highly configurable platform to design a pioneering AI-enabled, real-time policy issuance system marks a significant milestone, where now the insurer has transformed the end-to-end process for its Health and Fire lines of business. 'At HDFC ERGO, our endeavour has been to offer best-in-class solutions and experience to our customers. The behaviour and requirements of today's customers have evolved to a great extent, where they expect dynamic, hyper-personalized, and innovative solutions, and the insurance industry is not an exception in this changed ecosystem. Hence as a customer-focused organization, we were looking for a technology partner, who would enable us to offer innovative products, efficient services, and better analytical insights in an integrated manner to provide a seamless experience to our customers. The tech enablement from Duck Creek matched perfectly to this requirement,' said Sriram Naganathan, President & CTO at HDFC ERGO General Insurance Company Limited. 'We are happy and honored to receive the Duck Creek Standard of Excellence Award. We believe with these new tech enhancements we will set a new benchmark in the insurance industry and propel the cause of insurance inclusion in India — thus also supporting the vision of 'Insurance for All by 2047' of IRDAI— the Indian insurance regulator.' The scale of the project was massive, involving over 45 business users, 150+ IT developers working in parallel across seven systems integrator partners, designing 300+ product covers, 300+ business rules, and executing 10,000+ test scenarios. The solutions were delivered in only nine months, with their commercial fire product first to go live, followed by their health product soon thereafter. Key results include: Product launch time reduced from 4-5 months to just four weeks, allowing rapid response to market demands and regulatory changes. Dramatic productivity gains for agents with quotes generated almost instantly and agents able to offer 4-5 alternative product options rather than just a single choice. Operational efficiency and risk reduction by drastically reducing manual data entry, minimizing compliance risks, and improving accuracy. Straight-through processing completed tasks in just 3-4 minutes, instead of hours or days. Elevated customer experience driven by policies now being processed in near real time, instead of in hours and days. Customers are now also offered data-driven product recommendations and better-suited options, leading to improved engagements. 'We are proud to honor HDFC ERGO General Insurance with the 2025 Standard of Excellence Customer Award,' said Christian Erickson, Vice President and General Manager, APAC at Duck Creek Technologies. 'HDFC ERGO's digital transformation stands as a benchmark for innovation and execution in the insurance industry. As our first customer in the in India market, we are thrilled to be HDFC ERGO's strategic partner, with our suite of products helping drive meaningful business outcomes and value for the business, their customers, and shareholders. HDFC ERGO exemplifies the forward-thinking, customer-focused approach that defines the future of insurance. We congratulate them on this well-deserved recognition.' About Duck Creek Technologies Duck Creek Technologies is the global intelligent solutions provider defining the future of the property and casualty (P&C) and general insurance industry. We are the platform upon which modern insurance systems are built, enabling the industry to capitalize on the power of the cloud to run agile, intelligent, and evergreen operations. Authenticity, purpose, and transparency are core to Duck Creek, and we believe insurance should be there for individuals and businesses when, where, and how they need it most. Our market-leading solutions are available on a standalone basis or as a full suite, and all are available via Duck Creek OnDemand. Visit to learn more. Follow Duck Creek on our social channels for the latest information – LinkedIn and X. Media Contacts: Marianne Dempsey/Tara Stred duckcreek@ About HDFC ERGO General Insurance Company Limited: HDFC ERGO General Insurance Company Limited, one of the leading private sector general insurance companies of India, whose promoters are HDFC Bank Limited, one of India's leading private sector banks, and ERGO International AG, the primary insurance entity of Munich Re Group. 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. HDFC ERGO 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. 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 299 branches and 600+ digital offices across India. HDFC ERGO's technology platform has empowered the customers to avail services digitally on a 24x7 basis, with 70%+ claims for retail products intimated digitally and over 80% of service interactions are catered digitally of which 10% are AI led. The Company issued ~3.4 crore policies in FY25 and has one of the best claims payout ratios in the General Insurance industry. 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. Social Media: Facebook: Twitter: LinkedIn: YouTube: Media Contacts: Shilpi in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
