Latest news | MyGate Business Briefs to enable users to purchase affordable health insurance for support staff

New Delhi, Aug 24 (PTI) MyGate, India’s largest provider of security and community management solutions, announced on Tuesday that it will allow its 3 million users to purchase group health insurance coverage for their support staff.

Insurance coverage is inexpensive and relates to their domestic help, such as a housekeeper, nanny, cook or driver, according to a statement.

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“MyGate members can purchase group health coverage which allows beneficiaries to claim a daily cash allowance (Hospi Cash) for hospitalizations ranging from Rs 500 per day to Rs 3,000 per day for 30 days per year with no deductible. The police premium starts at Rs 155 and goes up to a maximum of Rs 900 “, the statement read.

The policy is available for 12 months for people between the ages of 18 and 65. This coverage is underwritten by Care Health Insurance, he added.

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**** BasicFirst appoints Mir Hajmiragha CTO for Tech Innovation Center in the United States

* The Edtech BasicFirst platform announced on Tuesday that it has appointed Mir Hajmiragha as CTO of the company’s technology center based in Kirkland, United States.

Hajmiragha will lead BasicFirst’s technological innovation to strengthen the product portfolio while leveraging cutting-edge technologies, including artificial intelligence and machine learning capabilities, to provide students with a holistic, seamless and personalized, according to a press release.

BasicFirst recently set up its Center of Technological Excellence in Kirkland to accelerate innovation in the education sector.

Hajmiragha – who has nearly four decades of technology expertise and experience – will also lead the company’s center in Bangalore.

**** FinnOne Neo from Nucleus Software will fuel South Indian Bank’s retail lending landscape

* Nucleus Software announced on Tuesday that it will help South Indian Bank revamp its current personal lending landscape.

“South Indian Bank has always been the number one when it comes to customer-centric options. With the digitization of the lending process, we will be able to unlock the value that the bank has to offer to the market, ”said Managing Director and CEO of South Indian Bank Limited, Murali Ramakrishnan.

As part of its business transformation initiative, the bank is leveraging technology to focus on the areas of MSMEs (micro, small and medium enterprises) and personal lending, he added.

“With the expertise of Nucleus Software, we will be able to diversify the asset portfolio and increase retail lending penetration in the most efficient manner,” said Ramakrishnan.

With FinnOne Neo, the bank can focus on launching products such as home loans, property loans (LAP), loans for title (LAS) and personal loans with a digital first approach followed by various other products. retail, according to the release.

(This is an unedited, auto-generated story from the syndicated news feed, the staff at LatestLY may not have edited or edited the body of the content)

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