Launch of PNB Met life by FM

Posted on February 4, 2013 by sagarmedia

MetLife India Insurance Company Limited and Punjab National Bank Seal Their Life Insurance Partnership

MetLife India Rebranded as PNB MetLife

New Delhi, February 4, 2013: MetLife India Insurance Company Limited (MetLife India), an affiliate of MetLife, Inc., today announced the launch of its new brand PNB MetLife following Punjab National Bank’s (PNB) acquisition of a 30% ownership interest in the company. Following this launch, MetLife India will now be known as PNB MetLife India Insurance Company Limited (PNB MetLife). Commemorating this great partnership, the Honourable Finance Minister of India, Mr. P Chidambaram attended the launch event in New Delhi and unveiled the company’s new brand.

PNB is one of the oldest and leading banks in India and has been trusted by customers for over 115 years. It has a vast distribution reach with over 5,900 branches and serves over 78 million customers across the nation. MetLife, a leading global provider of insurance, annuities and employee benefits programs with 90 million customers worldwide, has been operating for more than 140 years and is the largest life insurer in the US. Through its subsidiaries and affiliates, MetLife also holds leading market positions in Latin America, Asia Pacific, Europe and the Middle East.

MetLife India has been operating in the country since 2001 and with its partnership with PNB, has significantly expanded its insurance business. In its first year acting as a corporate agent for MetLife India, PNB posted premium of over Rs. 600 crore. MetLife has been profitable for nine consecutive quarters.

PNB MetLife will offer customers access to global expertise, financial reliability, and a wide range of innovative products and services.

Speaking at the launch, Shri K.R. Kamath, Chairman & Managing Director, Punjab National Bank, said, “This is a fine example of a public-private partnership and a significant milestone in the 117 year history of the bank. MetLife has more than 140 years of experience, and is a leading global provider of insurance products. Partnering with MetLife will give us access to global products and the risk management expertise of MetLife. We are very pleased that with this partnership, PNB will be able to offer a full suite of financial products to our customers, including Life insurance, under the new brand PNB MetLife”

Mr. Christopher Townsend, President, Asia, MetLife, Inc. said; “As a dynamic emerging market, India is a key strategic focus for MetLife, and we are proud to be partnering with PNB, an outstanding financial institution. This unique and compelling partnership reinforces our commitment to India and our goal of becoming a top-tier life insurer in the country. We look forward to working with PNB to bring our products, technology and capabilities to India to help customers achieve financial security.”

About MetLife, Inc.

MetLife, Inc. is a leading global provider of insurance, annuities and employee benefit programs, serving 90 million customers. Through its subsidiaries and affiliates, MetLife holds leading market positions in the United States, Japan, Latin America, Asia Pacific, Europe and the Middle East. For more information, visit www.metlife.com

About Punjab National Bank

With over 78 million satisfied customers and around 6,000 domestic outlets, PNB continues to retain its leadership position amongst the nationalised banks in India. The Bank enjoys strong fundamentals, large franchise value and a good brand image. Since its inception in 1895, PNB has always been a “People’s Bank” serving millions of people throughout the country and has remained fully committed to its guiding principles of sound and prudent banking.  For more information, visit www.pnbindia.in

Free market are more beneficial to the upliftment of dalits than the reservation system
Press Release - For Immediate Release - 04 Febraury 2013
New Delhi, India – Renowned Dalit thinker and political commentator Chandra Bhan Prasad has said that the market oriented economic reforms have done far more for the upliftment of Dalits than the reservation system and social reformers.  He said, “reservation system can be useful for the upliftment of mere 10 percent of Dalits while the free market as a concept can make the life of 90 percents Dalits better.”  “It is the market only which has bridged the gap between Dalits and Non-dalits. The results of this change are manifested not just in changes in per capita income, but in the changed lifestyle, food habits and aspirations of common Dalits” continues Mr. Prasad. He was speaking on the second day of the first Asia Liberty Forum (ALF) organized on 2-3 February 2013 by Asia Centre for Enterprise (ACE) in collaboration with Centre for Civil Society (CCS), Atlas Economic Research Foundation and Fredrich Naumann Stiftung fur die Freiheit.  Around 200 economists, commentators and representatives of civil society organisations from over 2o countries participated in this program. While putting his views on the topic “Economic Reforms & Caste in India” Mr. Chandra Bhan Prasad said that in the last two decades, access to the market has brought big change to the lifestyles of Dalits at least in metros like Delhi and Mumbai, and it is very difficult to differentiate between Dalit and Non-dalits according to their eating, clothing and work style. He said, “market encourage non-traditional specialisation, innovation, and the use of latest technology to gain maximum profit. The use of fancy machines and latest technologies for example have encouraged even ‘Savarnas’ to be employed as housekeeping staff and security guards which were earlier considered as the work of Dalits alone. At the opening address of ALF, Member of Parliament (Lok Sabha) Mr. Baijayant “Jay” Panda said that the phobia of the East India Company is responsible for the opposition of foreign investments and industrialists. Mr. Panda said that this fear needs to be removed as foreign investment and industrialists play a vital role in every country’s economy. Mr Panda argued that the old monopolies had crumbled and competition was encouraging diversificaiton of products and services. He said, 'You no longer have to run after a govt monopolist internet provider; now a dozen internet companies run after you!" Dr. Parth J. Shah of CCS, Tom Palmer from Atlas Foundation, Ajay Shah  of NIPFP, Siegfried Herzog from FNF and hundreds of delegates, economists and speakers were present at the Forum over the two days. The program showcased intellectual entrepreneurs who are battling for freedom and free enterprise all over the world, and presented successful international models of community mobilisation, political participation, and advocacy for reforms. Organisations such as Students for Liberty, Tax Payers Alliance (UK), Central Asia Free Market Institute (Kyrgyzstan), Landesa (India), Sambriddhi Foundation (Nepal) Centre for Policy Alternatives (Sri Lanka) presented their work and accomplishments and shared learnings from their experiences in working in some of the most difficult environments in the world. The Forum was a public celebration of liberty in Delhi-NCR, bringing the best liberal minds from Asia and around the world and provided a much needed platform to identify critical issues plaguing Asia, explore strategies to face the challenges ahead, and generate ways to strengthen the liberal movement in this part of the world.
About Centre for Civil Society Centre for Civil Society (CCS) was founded on India’s golden anniversary, 15 August 1997, by Dr. Parth J Shah. Despite her political independence from an alien state, India still lacked economic freedom. India was throttled by the license-permit-quota raj and ill-informed public policies that curtailed entrepreneurship, restricted opportunities, and stunted economic development. CCS, one of India’s first liberal think-tanks dedicated to advancing social change through public policy, was the outcome of deep belief in the individuality and dignity of all persons, and their right to life, liberty, and pursuit of happiness. We are driven by the dream of a free society, where political, social, and economic freedom reign.
For further information contact: Bhuvana Anand; bhuvana@ccs.in , +91-9953988304

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World Cancer Day is being observed today

Feb 4 Today is World Cancer Day. It is an annual event that aims to raise awareness about cancer and to encourage efforts in prevention, detection, and treatment of the disease. The theme of this year is "Cancer - Did you know?" It focuses on destroying myths and misconceptions about the disease. This theme is part of the World Cancer Declaration, adopted by the United Nations in 2011. In this year's endeavours, the key myths that are being highlighted are that cancer is just a health issue, and that the disease only affects the wealthy, the elderly, and developed countries. This World Cancer Day event is a substantial initiative held under the guidance of Union for International Cancer Control, endorsed by more than 400 member organisations across 120 countries. The Union for International Cancer Control and the International Agency for Research on Cancer have announced that 1.5 million lives which would be lost to cancer, could be saved per year if decisive measures are taken to achieve the World Health Organization’s ‘25 by 25’ target. The target is to reduce premature deaths due to non-communicable diseases by 25% by 2025. Currently, 7.6 million people die from cancer worldwide every year, out of which, 4 million people die prematurely, aged 30 to 69 years. If urgent action is not taken to raise awareness about the disease and to develop practical strategies to address cancer, by 2025, the death by cancer is projected to increase to an alarming 6 million .

`Cancer Awareness and Symptom Based Early Detection Door to Door Campaign’.

`Cancer Awareness and Symptom Based Early Detection Door to Door Campaign’.

Madan Mohan Mittal, Health and Family Welfare Minister, Punjab released the report of the State-wide `Cancer Awareness and Symptom Based Early Detection Door to Door Campaign’.

Addressing the media at Punjab Bhawan here, Mittal informed that 2,64,84,434 persons in 50,53,447 households have been covered in 12603 villages and 217 cities and towns of the State. He said that this amounts to 97.78% population going by the census data.

Mittal said that based on the experience of the pilot project regarding Rapid Assessment of Cancer Awareness and Symptom Based Early Detection Campaign from October 2 to October 31, 2012, this campaign have been launched in the state from December 1 to December 31, 2012.

Health Minister further announced that 23,874 cases have been recorded, where people have said that they are suffering from cancer while 33,318 cancer deaths have been claimed to have occurred during last five years. The persons complaining of the symptoms out of the list of 12 enlisted in the multi-colour hand out numbered 84,453. He said that all health specialists, including the World Health Organization (WHO), stress upon the early diagnosis of cancer based on symptoms.

Mittal said that Punjab has taken a lead in such an effort while making it a reality by door to door visits, the first campaign of its kind all over the world. While appreciating the voluntary role played by the field workers, Health Minister made a special reference to the voluntary contribution made by ASHA and ASHA Facilitators in this act of human good.

The minister said that after the completion of first phase, which involved Mass Awareness and identification, now in the second phase the suspects as well as those who claim to suffer from cancer would be taken to the health institutions to confirm the diagnosis. He informed that the diagnostic and treatment facilities available with the Government would be free for them. All the suspects and those suffering from cancer have been provided referral cards specially designed for the campaign.

Mittal pointed out that the whole exercise had been carried out at a very nominal cost of 60 paisa per head with a total of about 1.7 crores rupees against a proposed budget of Rs 2.00 crores shared at 75:25 between the centre and the state government. He also informed that external evaluation would be got done from Teams of PGI, Chandigarh for this gigantic exercise done at a  very small budgetary provision of about 70 paisa per head of the population.

Vini Mahajan, Principal Secretary, Health and Medical Education said that the whole exercise has been carried out as per advice of the experts in the field and it as the only alternative available to the third world countries where resources are limited. She said the second significant factor in the success of this unique campaign has been the continuous monitoring coupled with good training at all levels. This is an exercise that would go a long way in mitigating the troubles of many a family by early diagnosis and treatment during the 2^nd phase of medical care of those more than 80000 who are symptomatic. She further informed that by way of a specially designed  software  the  individual  details  of  all  the  1,51, 792  persons  are  being compiled at state level through the system of direct SMS from the field workers to the state headquarter  and as such tracking them shall be easier and systematic.

She expressed another hope that the exercise shall help the state to identify the needs and shall go a long way in strengthening the health infra structure. She said that Deputy Commissioners have also been very helpful during the campaign.

Vini Mahajan said that the timely provision of quality materials and finances by Punjab Health Systems Corporation and NRHM Punjab has been of immense help. 

Dr. Ashok Nayyar, Director Health Services stated that this step shall go a long way in finalisation of the population based and hospital based cancer registry in the state. He said that all the specialists working in the state connected with the diagnosis and treatment of cancer are being provided two days orientation training at the Medical Colleges. He said that the exercise has been successful because the Civil Surgeons have been given repeated orientation during the civil surgeons’ conferences.  He said the second phase is important as the final outcome depends on medical care, so the same shall be implemented in true spirit and there shall be continuous monitoring.  

Dr. Ashok Nayyar also said that the help extended by the Nursing institutes in the state has been of enormous help for making it a success.

Dr. P.L. Garg Executive Director State Health Systems Resource Centre while releasing the details of the man power trained said that lot many intellectual inputs have been made for imparting training to 88 State Resource Persons, More than 800 district Resource Persons, and around 4000 block resource persons coupled with the training of about 40000 field workers in about 5000 training workshops held in the field all over the state. He said that the whole campaign has been carried out by motivation and involvement of vast section of the society in general and health department in particular. He said the activities have been done keeping in view the cardinal principle of Transparency, fairness, decentralisation and accountability coupled with skill development and continuous monitoring supervision and guidance. Prompt response and decision has been the hall mark of the whole campaign. The department is of the view that with this effort the diagnosis and awareness about cancer has increased even amongst the Health staff and particularly the ANMs and ASHA.

Hussan Lal, MD, Punjab Health System Corporation, Punjab was aksi present on the occasion.