Tata Steel inks deal to pay annual bonus to employees

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Kolkata, Sep 14 | The Tata Steel management and Tata Workers’ Union on Monday signed a memorandum of settlement for the payment of annual bonus to the employees for the accounting year 2019-20.

To honour its three-year commitment to ensure complete bonus payment to the employees even during the Covid-19 pandemic, the memorandum was signed by Tata Steel Chief Executive Officer (CEO) and Managing Director (MD) T.V. Narendran and Tata Workers’ Union President R. Ravi Prasad.

The union and management had mutually agreed to revise the existing annual bonus scheme making it applicable for 2017-18, 2018-19 and 2019-20.

The agreement was made to pay annual bonus based on 1.5 per cent of net profit and the amount arrived based on performance achievement on profitability, productivity and safety parameters to be distributed as annual bonus to all the eligible employees at different locations of the company.

The total amount available for disbursement as annual bonus to applicable divisions or units of the company for the accounting year 2019-20 is Rs 235.54 crore, said a communication released by Tata Steel.

The total number of employees to whom the bonus will be paid in Jamshedpur is 12,807. This includes employees of tube division and those in T-series and NS-series of grades.

Source: IANS

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Policybazaar Unveils its new brand campaign "AapKiSideHai"

Policybazaar Unveils its new brand campaign

Akshay Kumar delivers the brand’s promise of always being on the customer’s side

Gurugram, 19th Sept, 2020: Policybazaar.com (Twitter handle: PolicyBazaar), India’s largest online insurance marketplace with over 10 million customers, showcases its commitment to customers in its new television campaign “AapKiSideHai”. The new ad campaign featuring Policybazaar brand ambassador, Akshay Kumar, highlights the brand’s promise of embracing a holistic customer centric approach while helping to bridge the insurance protection gap in India.

Policybazaar’sAapKiSideHai campaign seeks to reassure its customers on being a dependable Insurance partner for them, every step of the way. The brand has always focused on distributing products like term insurance, health insurance, zero commission ULIP’s and motor insurance that are optimal from a customer perspective. Policybazaar is now extending the brand promise beyond the purchase experience to ensure that consumers get the highest levels of service throughout the policy lifecycle.

The new brand campaign reinforces Policybazaar core value of putting the customer first by delivering on its promise of providing a trusted platform for all types of insurance products. The brand is committed to guiding the customer throughout the insurance journey, starting from recommending the right products at affordable pricing, ensuring thatthe policy issuance process is smooth and fast, and, to providing services and claims assistance when needed.

“While we continue to highlight the importance of Health & Term life Insurance through our marketing campaigns, with the brand promise of Policybazaar AapKiSideHai, we also intend to position Policybazaar as a customer centric brand, that is committed to stand by its customers, both pre and post purchase”, said Samir Sethi, Head of Brand Marketing, Policybazaar.com. The new ad series highlights Policybazaar’s unparalleled support to customers, while providing them with the ease of comparing and buying term and health plans online with guidance at each & every step.

Speaking about the TVC launch, Sharat Dhall, Chief Operating Officer, Policybazaar.com said, “Our ultimate aim is to provide 360-degree assistance to customers that starts from when the policy is bought, to provide assistance when the claim is paid out, should such a situation arise. Winning and maintaining customer trust is a strong ethos within the company and this campaign reflects that. At a time when the world is grappling with a crisis like no other, the brand intends to instill confidence in the customers’ buying decisions by assuring them protection of their futures with the right insurance products & thorough assistance throughout the journey.”

The new brand campaign in its series displays moments of indecision that people may have while investing in protection products. It addresses these queries &emphasizes the importance of nurturing a bond with the consumers thereby creating customer delight.

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