November 30, 2012
Singapore
India International Insurance (III) celebrated 25 Years of its existence and popularity in Singapore, confirmed Insurance Experts in a report yesterday. The Insurance Corporation was established way back in the year 1987 via merging about 4 state owned insurance organizations.
“The India Insurance organization has been categorized into subdivisions to ensure optimal capacity operation. Since its integration in Singapore, the India International Insurance has experienced quick strides. The growth started from a modest amount of SGD45 million premium initially in the year 1988 and shot up to an incredible amount of premium; SGD200 million towards the end of year 2012” said Insurance Experts in their report.
It is said that the India International Insurance at present is the 7th largest General Insurer in the whole of Singapore. The event was a grand one and attended by over three hundred guests. It comprised of board members of the organizations, clients, diplomats, business partners, and friends.
They were all present to at the event to commemorate company’s completion of 25 years in Singapore. Dr. T C A Raghavan, the High Commissioner of India to Singapore, H. E was the Guest of Honour at the function.
Mr. Ish Kumar, the Managing Director and CEO of India International Insurance welcomed all of the guests and greeted them with a short speech. Kumar also highlighted the achievements of India International Insurance in its long journey of twenty five years to fame, glory, and excellence.
“Dr. Raghavan mentioned some of the key developments in Indian insurance market and relations with Singapore (ASEAN). He also complimented the organization for successful completion of 25 years of service in Singapore. Raghavan also praised the officials and staff of the corporation on the auspicious occasion” mentioned Insurance Experts in the report.
The company is soon gong to launch an all new student international insurance cover to cement relations of India and Singapore. It is a necessary cover for Indian students going for higher students in Singapore.