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ZENMoney launches Insurance Broking Services


 ZENMoney, the leading Hyderabad-based financial services company, promoted by the reputed Zen Group, announced its foray into Insurance Broking Services through its new initiative ‘ZENMoney Insurance Broking Services Pvt. Ltd’ (ZMIB). This was announced at a Press Conference by Mr. Pratap Kantheti, Managing Director Mr. Satish Kantheti, Director; Mr. K. Venkat Reddy, Director and Mr. Sambasiva Rao Patibandla, Director, here on Thursday.

ZenMoney Insurance is an IRDA licensed Insurance Broker and will cater to customer needs pertaining to Life Insurance, Health Insurance, Motor Insurance, Travel Insurance and other General Insurance solutions from all the registered insurance companies in India.

An insurance broker represents the customer - both retail and corporate, and therefore presents several advantages as against an insurance agent, who represents the insurance company. As an Insurance broking company, ZMIB has access to all the registered Indian Insurance Companies in Life Insurance, Health Insurance and General Insurance segment and the complete bouquet of products they offer, therefore it will be in a position to suggest the product which best suits the customer and extend the service.

ZENMoney now offers end-to-end financial solutions to both retail and corporate clients with this new endeavour, points out Pratap Kantheti.

The bouquet of insurance products accessible to retail customers of ZMIB includes Life Insurance, Health Insurance, Personal Accident Insurance, Travelers’/Overseas Health Insurance, Motor Insurance etc.

ZenMoney Insurance will offer value added services to its Corporate clientele in their risk-mitigation process through insurance. Its professional expertise will help in assessing the precise insurance requirement and in suggesting the product tailor made to their needs. This assistance helps Corporates in risk management by covering their business & profits from potential risks.

ZENMoney Insurance enjoys the backing of the 27-year old Zen Money, which enjoys a ramified pan-India network of 150 branches/associates and over 70,000 loyal customers.

ZENMoney Insurance can offer a host of services to it’s corporate customers including Fire/burglary, Loss-of-profit, Machinery Breakdown, Legal Liability, Infidelity, Transit, Engineering/Construction, Industrial All-Risk, Shopkeepers Insurance, Employers Liability & Money Insurance, etc.

These services are currently available in Andhra Pradesh and will soon be rolled out across the country in a phased manner.

About ZenMoney – the promoter of ZenMoney Insurance

Zen Money is a leading financial services company in Andhra Pradesh offering a range of trustworthy financial services and investment products. The Company is headquartered in Hyderabad with branches and associates in Andhra Pradesh, Tamil Nadu, Maharashtra and Karnataka. The Company operates from over 150 locations with over 500 trading terminals.

Promoted by Late Sri K.Ravindra Babu who built the diversified Zen Group and its flagship enterprise ‘Zen Money’ on the pillars of trust and efficiency, the group brings the same enduring values to ZENMoney Insurance, which is driven by a cross-functional team of professionals.

The company enjoys the distinction of being the First Corporate Member from Hyderabad and also the first A.P. based broking firm to start trading on the National Stock Exchange (NSE).

ZEN Securities Ltd (ZSL) is a registered Member on the Capital Market Segment and Futures & Options segment of both NSE and BSE. ZEN is also a Depository Participant (DP) with National Securities Depository Ltd. (NSDL) and also with Central Depositories Services Ltd. (CDSL). ZEN is also a SEBI Registered Portfolio Manager offering Portfolio Management Services to clients. Zen Comtrade Pvt. Limited a 100% subsidiary of ZSL and is a member of National Commodities & Derivatives Exchange Limited (NCDEX) and Multi Commodity Exchange (MCX).

Services Offered by Zen Securities Limited:

§ Investment advisory services
§ NSE & BSE Trading in: Cash markets | Futures & Options
§ Commodities trading on MCX and NCDEX
§ Internet Trading in Stocks, futures and Options on both NSE and BSE
§ Mutual Funds advisory service | Mutual Fund KYC Registration Service
§ Depository Services in Both NSDL and CDSL
§ Portfolio Management Services | NRI Investor Services
§ PAN Application Service | New Pension System(NPS)
§ Fixed Income Securities, Fixed Deposits, RBI Bonds and Tax Saving Bonds.

Updated on March 27, 2014