Stock market guru Warren Buffett's insurance venture in India, BerkshireInsurance.com, is spreading its wings by adding more products. After an initial start with motor insurance policy, the company has launched customised travel insurance products and is evaluating the launch of a health or term life insurance product.
BerkshireInsurance.com is a corporate distribution agent of Bajaj Allianz.
According to Mr. Arun Balakrishnan, Chief Executive Officer, BerkshireInsurance.com, “We are evaluating both health insurance and term life insurance. We are at present looking at the value that we can add. We decided to sell travel insurance because it is mainly an online sales-driven product.People want to purchase travel insurance instantly with ease and flexibility. The value we add in the product sold through our website is the ease and choice for customers. Cost of insurance policies sold online is not different from that of Bajaj Allianz''
The BerkshireInsurance.com has launched customised travel insurance policies for 5 different customer segments, such as an individual, a student, a family, senior citizens and corporate travel. Within each category, there are multiple facilities offered with multiple coverage combinations.
The policies can be purchased online on the website and are issued instantly with no documentation through a simple and intuitive online process.
About Berkshire India..!
Berkshire India is a majority owned non-direct subsidiary of Berkshire Hathaway Inc incorporated in India. It is a licensed corporate agent of Bajaj Allianz General Insurance Company Limited. It sell Bajaj Allianz's products directly to retail consumers through the internet on BerkshireInsurance.com.
Our Operations.
BerkshireInsurance.com started operations in India in 2011 and we are headquartered at Gurgaon.
Currently distribute non-life insurance, specifically automobile insurance.
About Berkshire Hathaway..!
Berkshire Hathaway was started in 1839 as a textile company. Today, Berkshire Hathaway Inc. is a holding company owning subsidiaries that engage in a number of diverse business activities including property and casualty insurance and reinsurance, utilities and energy, freight rail transportation, finance, manufacturing, services and retailing. The group of subsidiaries that underwrite property & casualty insurance and reinsurance include GEICO, the third largest private passenger auto insurer in the United States, General Re and the Berkshire Hathaway Reinsurance Group which are two of the world's largest reinsurers.
Berkshire Hathaway posted revenue of $136 billion in 2010, with total assets of $372 billion. The company is unusual in never having had a stock split, so that a single Class A share of Berkshire Hathaway is currently valued at over $100,000 on the NYSE. Investment decisions and all other capital allocation decisions are made for Berkshire and its subsidiaries by Warren E. Buffett, in consultation with Charles T. Munger. Mr. Buffett is the Chairman and Mr. Munger is the Vice Chairman of Berkshire's Board of Directors. To know more, please visit www.berkshirehathaway.com.
BerkshireInsurance.com is a corporate distribution agent of Bajaj Allianz.
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| Warren Buffett |
According to Mr. Arun Balakrishnan, Chief Executive Officer, BerkshireInsurance.com, “We are evaluating both health insurance and term life insurance. We are at present looking at the value that we can add. We decided to sell travel insurance because it is mainly an online sales-driven product.People want to purchase travel insurance instantly with ease and flexibility. The value we add in the product sold through our website is the ease and choice for customers. Cost of insurance policies sold online is not different from that of Bajaj Allianz''
The BerkshireInsurance.com has launched customised travel insurance policies for 5 different customer segments, such as an individual, a student, a family, senior citizens and corporate travel. Within each category, there are multiple facilities offered with multiple coverage combinations.
The policies can be purchased online on the website and are issued instantly with no documentation through a simple and intuitive online process.
About Berkshire India..!
Berkshire India is a majority owned non-direct subsidiary of Berkshire Hathaway Inc incorporated in India. It is a licensed corporate agent of Bajaj Allianz General Insurance Company Limited. It sell Bajaj Allianz's products directly to retail consumers through the internet on BerkshireInsurance.com.
Our Operations.
BerkshireInsurance.com started operations in India in 2011 and we are headquartered at Gurgaon.
Currently distribute non-life insurance, specifically automobile insurance.
About Berkshire Hathaway..!
Berkshire Hathaway was started in 1839 as a textile company. Today, Berkshire Hathaway Inc. is a holding company owning subsidiaries that engage in a number of diverse business activities including property and casualty insurance and reinsurance, utilities and energy, freight rail transportation, finance, manufacturing, services and retailing. The group of subsidiaries that underwrite property & casualty insurance and reinsurance include GEICO, the third largest private passenger auto insurer in the United States, General Re and the Berkshire Hathaway Reinsurance Group which are two of the world's largest reinsurers.
Berkshire Hathaway posted revenue of $136 billion in 2010, with total assets of $372 billion. The company is unusual in never having had a stock split, so that a single Class A share of Berkshire Hathaway is currently valued at over $100,000 on the NYSE. Investment decisions and all other capital allocation decisions are made for Berkshire and its subsidiaries by Warren E. Buffett, in consultation with Charles T. Munger. Mr. Buffett is the Chairman and Mr. Munger is the Vice Chairman of Berkshire's Board of Directors. To know more, please visit www.berkshirehathaway.com.
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