Press Release- Atma Nirbhar Agents New Business Digital Application, the Digital Paperless Solution for New Business processes in LIC has now been provided a new dimension with the launch of ANANDA Mobile App on 24th August 2021.
The inauguration of the Mobile App was done by Shri. M R Kumar, Chairperson, LIC of India through Video Conferencing, in the presence of the Managing Directors - Shri. Mukesh Kumar Gupta, Shri. Raj Kumar, Shri. Siddhartha Mohanty, Ms. Mini Ipe and other Senior Officials of the Corporation. Built on paperless KYC process using Aadhaar based e-authentication of the Life Proposed, the Digital application is a tool for the on boarding process to get the Life Insurance policy through a Paperless module with the help of the Agent / Intermediary.
The App has all the distinctive features of the Digital application and promises to provide an easy access to the field force in their quest to reach out prospective customers through the latest technological means.
With the Mobile App in place, it is expected that the usage level of ANANDA among the Agents / Intermediaries will go up and thereby propel the New Business fortunes to bigger heights.
The event was marked with the release of an e-training video for the Agents, depicting the salient features of the Mobile App and the process from introduction to completion of a Life Insurance policy.
The launch had generated tremendous enthusiasm among the Marketing Officials and Intermediaries of LIC of India.
In his key-note address, the Chairperson of LIC of India remarked that the Launch of ANANDA Mobile App is a big day for LIC as the Organization has made a huge leap and today’s launch is the result of a two-way process, wherein, the high level of usage of the ANANDA module has resulted into the development of the Mobile App.
The Chairperson further observed that though the future holds many changes, yet the one thing that does not change is the need for Insurance and LIC has been successful in creating that need among the Insuring public.
He called upon all the Agents & Intermediaries in the Organization to embrace, accept, try this App and get the experience to get into the fast lane by using the Mobile App.
The Chairperson concluded by placing his appreciations to the Teams of IT & New Business departments for developing this App.
The first Life Insurance policy under the ANANDA Mobile App was completed in the presence of the Chairperson by Mr. Merryl Baptista, a top-flier Agent under Mumbai Division III of Western Zone.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
New Delhi, Aug 13 (PTI): The Enforcement Directorate said on Wednesday it has arrested a woman, who claims to be an actor and a cosmetologist, under the anti-money laundering law in a case of alleged fraud and misrepresentation.
The agency said the purported links of the woman, Sandeepa Virk, with a Reliance Group executive, Angarai Natarajan Sethuraman (President, Corporate Affairs), are also under its scanner. Sethuraman, in a statement, denied any connection with Virk or any transactions related to her.
Virk was taken into custody under the Prevention of Money Laundering Act (PMLA) on Tuesday after searches were conducted against her and her associates in Delhi and Mumbai over the last two days.
A special court sent her to the ED's custody till August 14, the agency said. The woman claims to be the owner of a skin care products selling website named hyboocare.com, which the ED claimed was a "front" for money laundering.
She and her associates are being probed for allegedly exerting undue influence through "misrepresentation" and "defrauding" individuals by soliciting money under false pretences.
According to an Instagram ID of Virk, she is an actor and entrepreneur and the founder of the said website.
The federal agency said in a statement that the woman was also "in touch with" Sethuraman, former director of erstwhile Reliance Capital Limited.
She was communicating with him regarding "illegal liaisoning", the ED claimed, adding that the searches at Sethuraman's residence "confirmed" these allegations.
"Besides, diversion of funds for personal benefit has also been unearthed during the course of the search action," it said.
The ED alleged that public money worth about Rs 18 crore belonging to Reliance Commercial Finance Limited (RCFL) was disbursed to Sethuraman in 2018 by "flouting" prudent lending norms.
The funds were lent under terms that allowed a deferment of the principal amount as well as the interest, with multiple waivers granted and no due diligence conducted, it said.
The ED claimed that besides this, a home loan of Rs 22 crore was provided by Reliance Capital Limited by "violating" the prudential norms. "A large part of these loans are seen to have been eventually siphoned off and remained unpaid," it alleged.
Sethuraman, in a statement, dismissed the allegations as "baseless". He denied any connection with Virk or any transactions related to her.
Detailing about Virk's web portal, the agency said it purportedly sold FDA-approved beauty products. However, the ED said the products listed on the website have been found to be non-existent and the portal lacks a user registration option and is plagued by persistent payment gateway issues.
A scrutiny of the website uncovered minimal social-media engagement, an inactive WhatsApp contact number and an absence of transparent organisational details, all of which reinforce the finding of "non-genuine" commercial activity, the ED claimed.
"These factors, including limited product range, inflated pricing, false claims of FDA approval and technical inconsistencies, indicate that the website serves as a front for laundering funds," it said.
Another social media-hosted bio data of the woman said she is a certified cosmetologist.
The ED said several "incriminating" documents were seized during the searches and the statement of a man named Farrukh Ali, stated to be an associate of Virk, was recorded.
The money-laundering case stems from an FIR lodged by the Punjab Police.
Sethuraman said that the home loan he received from Reliance Capital was granted following due process and was secured by the property offered as collateral.