ATTN ALL
Covid-19 2nd wave is spreading rapidly in India. Due to sudden rise in number of positive cases & lockdown in all major cities in India,
we have shut our offices at Head Office-New Delhi and all Regional centers temporarily and we all are WORKING FROM HOME.

There will be NO any slowdown in our response to you. We are reviewing the situation week by week to get back to normal WORK FROM OFFICE.

All staff members will be available on phone, email, Whatsapp etc. for any response or support.
For any urgent matters and need of immediate response, please write to us on info@iodglobal.com

In these challenging times, the health of our Staff and their families, Members & Associates is the number One priority for IOD.
Stay Safe; Stay Healthy and please get vaccinated as early as possible.

----- Special Thanks to Our Partners ----

Principal Partners
Life Insurance Corporation of India (abbreviated as LIC) is an Indian state-owned insurance and investment corporation.

The Life insurance Corporation of India was established on September 1, 1956, when the Parliament of India passed the Life Insurance of India Act that nationalized the insurance industry in India. Over 245 insurance companies and provident societies were merged to create the state-owned Life Insurance Corporation of India.

As of 2019, Life Insurance Corporation of India had total life fund of Rs. 28.3 trillion. The total value of sold policies in the year 2018-19 is Rs. 21.4 million. Life Insurance Corporation of India settled 26 million claims in 2018-19. It has 290 million policy holders.

Policybazaar.com started out as an insurance comparison website. It was founded in June 2008 by Yashish Dahiya, Alok Bansal and Avaneesh Nirjar with a focus on the insurance sector. At that time, the Indian insurance industry still lacked transparency and policies were mostly sold through agents. Policybazaar.com changed that largely by listing the details of multiple insurance policies for customers to choose from. It began as a price-comparison website, and an information portal for learning about insurance and insurance programs. The aim was to provide Indian insurance buyers with an online platform to compare and buy a policy plan. The website subsequently expanded to becoming a marketplace for insurance policies. Policybazaar.com has also launched a Telugu website to help users to research and buy online in their native language.

Policybazaar.com has moved from a policy price comparison website to an insurance selling operation. The company claims to process nearly 25% of India's life insurance and over 7% of the country's retail health cover.

Platinum Partners
Agriculture Insurance Company of India Limited (AIC) has been formed at the behest of Government of India, consequent to the announcement by the then Hon'ble Union Finance Minister in his General Budget Speech FY 2002-03 that, "to subserve the needs of farmers better and to move towards a sustainable actuarial regime, it was proposed to set up a new Corporation for Agriculture Insurance".

AIC has taken over the implementation of National Agricultural Insurance Scheme (NAIS) which, until FY 2002-03 was implemented by General Insurance Corporation of India. In addition, AIC also transacts other insurance businesses directly or indirectly concerning agriculture and its allied activities.

SBI Life Insurance ('SBI Life' / 'The Company'), one of the most trusted life insurance companies in India, was incorporated in October 2000 and is registered with the Insurance Regulatory and Development Authority of India (IRDAI) in March 2001. Serving millions of families across India, SBI Life's diverse range of products caters to individuals as well as group customers through Protection, Pension, Savings and Health solutions.

Driven by 'Customer-First' approach, SBI Life places great emphasis on maintaining world class operating efficiency and providing hassle-free claim settlement experience to its customers by following high ethical standards of service. Additionally, SBI Life is committed to enhance digital experiences for its customers, distributors and employees alike.

SBI Life strives to make insurance accessible to all, with its extensive presence across the country through its 947 offices, 17,466 employees, a large and productive individual agent network of about 169,006 agents, 57 corporate agents, a widespread bancassurance network of 14 partners, more than 28,000 partner branches, 111 brokers and other insurance marketing firms.

Gold Partners
Union Bank of India is one of the largest government-owned banks of India with 120+ million customers and a total business of US$106 billion. After the amalgamation with Corporation Bank and Andhra Bank, which came into effect on 1 April 2020, the amalgamated entity becomes the fourth largest bank in terms of branch network. UBI now has around 9500 branches after the amalgamation. Four of these are overseas in Hong Kong, Dubai, Antwerp, and Sydney. UBI also has representative offices at Shanghai, Beijing and Abu Dhabi. Lastly, UBI operates in the United Kingdom through its wholly owned subsidiary, Union Bank of India (UK). Union Bank of India was the anchor bank for both Andhra Bank and Corporation Bank, which came into effect on 1 April 2020 as announced by finance Minister of India Nirmala Sitharaman.

Odisha is one of the richest states in India in terms of mineral wealth. However, this wealth was largely untapped as mining is a very capital intensive industry and in the early years of independence capital was scarce. Under these circumstances, the Odisha Mining Corporation Limited (OMC) was incorporated on 16th May 1956 as a joint venture Company of Govt. of Odisha and Govt. of India with the objective of harnessing the mineral wealth of the State of Odisha through exploration, extraction as well as value addition.

Four years later, following the withdrawal of the Govt. of India from the company, OMC became a wholly State-owned Corporation of Govt. of Odisha on 17th Nov 1961. As of now, it continues to be a wholly owned corporation of the Odisha Government, which has subscribed to the entire paid up capital of Rs.31.45 crores out of an authorized capital of Rs.100 crores. The major minerals mined by OMC are chrome, iron and manganese ore which cater to the requirement of mineral based industries such as steel, sponge iron, pig iron, ferro-manganese, ferro-chrome, etc.

IFFCO-Tokio General Insurance Company Limited was incorporated in 2000, as a joint venture between the Indian Farmers Fertiliser Co-operative Limited (IFFCO), which is the world’s largest fertilizer manufacturer, and Tokio Marine Group, which is one of the largest insurance groups in Japan. IFFCO holds 51 percent in the company and the remaining 49 percent is held by Tokio Marine Group.

The company offers a comprehensive product bouquet of all lines of business such as Car Insurance, Two-wheeler Insurance, Health Insurance, Travel Insurance and Home Insurance, including corporate policies such as property insurance and liability insurance. It is also the first company in India to underwrite mega policies. The comprehensive policy is based on international rates and optimizes the premium outflow for clients even as it offers a one-stop, all-risk cover. Other than the conventional products, it also offers niche products such as Cyber Insurance, Credit Insurance, Fine Arts Insurance, P & I Insurance, Errors & Omission Policy for the IT Sector, etc. At the same time, it has steadfastly carried out its rural centric initiatives by launching products like Sankat Haran Bima Yojana, Mahila Suraksha Bima Yojana and Janata Bima Yojana for the masses.

HDFC ERGO General Insurance Company Ltd. is a joint venture between HDFC Ltd., India’s premier Housing Finance Institution and ERGO International AG, the primary insurance entity of Munich Re Group. The Company offers complete range of general insurance products ranging from Motor, Health, Travel, Home and Personal Accident in the retail space and customized products like Property, Marine and Liability Insurance in the corporate space.

Silver Partners
Cholamandalam MS General Insurance Company Ltd (Chola MS) is an Indian insurance firm and a joint venture between the Murugappa Group, an Indian conglomerate, and the Mitsui Sumitomo Insurance Group, a Japanese insurance company.

The firm produces a range of insurance products, including accident, engineering, health, liability, marine, motor, property, travel and rural insurance for individuals and corporate insurance. The company achieved a Gross Written Premium of Rs. 13465 million in 2011 - 12. The company has 93 branches and over 6,000 agents across the country.

The company's motto is 'T3' – 'Trust, Transparency and Technology'. Chola MS was named the best insurance company in India for "In time Claims Settlement for the year 2011–12" in the Rashtriya Swasthya Bima Yojana scheme run by the Ministry of Labour & Employment, Government of India. IndusInd Bank offers Insurance for individuals as well as corporate customers in association with Chola MS.

Universal Sompo General Insurance Co. Ltd. is a joint venture of Indian Bank, Indian Overseas Bank, Karnataka Bank, Dabur Investment Corp and a leading general insurer from Japan, Sompo Japan Insurance Inc.

Universal Sompo General Insurance offers 152 IRDAI approved products and it has footprints across the country to serve its customers with over 110 Offices. The product range covers Retail, SME, Corporate, Rural, Agriculture and Miscellaneous segments. With its 24 X 7 Contact Center and a strong workforce of 1500+ employees across India, the company is well poised to provide and service insurance solutions.

ICICI Lombard General Insurance Company Limited is a general insurance company in India. It is engaged in general insurance, reinsurance, insurance claims management and investment management. The company has a Gross Written Premium (GWP) of ?135.92 billion (FY 2020). The firm offers policy insurance and renewal through its intermediaries and website. It markets assurance products including Car Insurance, Health Insurance, International Travel Insurance, Overseas Student Travel Insurance, Two Wheeler Insurance, Home Insurance and Weather insurance. ICICI Lombard has 273 branches[citation needed] and 840 virtual offices[a] spread across the nation.

Star Health & Allied Insurance Co Ltd commenced operations in 2006 as India's first standalone health insurance provider, the company has been providing services in health, personal accident and overseas travel insurance. Star Health Insurance has products to cater everybody, be it individuals, families or corporates and works directly as well as through various channels like agents, brokers, online etc., Star Health is also prominently into Bancassurance having long standing relationship with various banks. Star Health has underwritten a gross written premium of Rs.5401 Cr during the FY 2018-19 and has built up a promising path with an appreciable net worth of Rs.1480 Cr, as on 31 March 2019. Currently Star Health has 10600+ employees and 550+ branch offices all over India.

ECGC Ltd. (Formerly Export Credit Guarantee Corporation of India Ltd.), wholly owned by Government of India, was set up in 1957 with the objective of promoting exports from the country by providing Credit Risk Insurance and related services for exports. It functions under the administrative control of Ministry of Commerce & Industry, and is managed by a Board of Directors comprising representatives of the Government, Reserve Bank of India, banking, and insurance and exporting community. Over the years it has designed different export credit risk insurance products to suit the requirements of Indian exporters and commercial banks extending export credit.

ECGC is essentially an export promotion organization, seeking to improve the competitiveness of the Indian exporters by providing them with credit insurance covers. ECGC keeps its premium rates at the optimal level.

Spices Board (Ministry of Commerce and Industry, Government of India) is the flagship organization for the development and worldwide promotion of Indian spices. The Board is an international link between the Indian exporters and the importers abroad. The Board has been spearheading activities for excellence of Indian spices, involving every segment of the industry.

Spices Board was constituted on 26th February 1987 under the Spices Board Act 1986 (No. 10 of 1986) with the merger of the erstwhile Cardamom Board (1968) and Spices Export Promotion Council (1960). Spices Board is one of the five Commodity Boards functioning under the Ministry of Commerce & Industry. It is an autonomous body responsible for the export promotion of the 52 scheduled spices and development of Cardamom (Small & Large).

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