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AHLL Risk Management Private Limited

About Us

AHLL Risk Management Private Limited, a wholly-owned subsidiary of Apollo Health and Lifestyle Limited (AHLL) was incorporated under the Companies Act, 2013 in June 20, 2018, registered with CIN : U66000TG2018PTC 125224, having its registered office at 7-1-617/A, 615 and 616, Imperial Towers, 7th Floor, Ameerpet, Hyderabad -500 038. The Company has Mr. Anand Pramod Wasker and Mr. Mukesh Sabharwal as its Directors.

The Company’s object is to act as Corporate Agents for Life Insurance, General Insurance and Medical Insurance. Further, to act as agents, representatives, surveyors, sub-insurance agents, franchisers, consultants, advisors, collaborators, on all insurance businesses and activities related thereto.
The Company vide its Resolution No. 4 and 5 dated 24th August, 2018 adopted the Policy on Corporate Agency Business and Code of Conduct for Corporate Insurance Agency. The Company abides by the Regulation 9(1) of IRDA (Licensing of Corporate Agents) Regulations, 2002 prescribes Code of Conduct for Corporate Agents as under:

Every Licensed Corporate Agent shall abide by the code of conduct specified below:

Every corporate agent shall:

  1. Be responsible for all acts of omission and commission of its corporate insurance executive and every specified person;
  2. Ensure that the corporate insurance executive and all specified persons are properly trained, skilled and knowledgeable in the insurance products they market;
  3. Ensure that the corporate insurance executive and the specified person do not make to the prospect any misrepresentation on policy benefits and returns available under the policy;
  4. Ensure that no prospect is forced to buy an insurance product;
  5. Give adequate pre-sales and post-sales advice to the insured in respect of the insurance product;
  6. Extend all possible help and co-operation to an insured in completion of all formalities and documentation in the event of a claim;
  7. Give due publicity to the fact that the corporate agent does not underwrite the risk or act as an insurer;
  8. Enter into service level agreements with the insurer in which the duties and responsibilities of both are defined.

Every corporate agent or a corporate insurance executive or a specified person shall also follow the code of conduct specified below:

Every corporate agent/corporate insurance executive/specified person shall,—

  1. Identify himself and the insurance company of whom he is a representative;
  2. Disclose his licence/certificate to the prospect on demand;
  3. Disseminate the requisite information in respect of insurance products offered for sale by his insurer and take into account the needs of the prospect while recommending a specific insurance plan;
  4. Disclose the scales of commission in respect of the insurance product offered for sale, if asked by the prospect;
  5. Indicate the premium to be charged by the insurer for the insurance product offered for sale;
  6. Explain to the prospect the nature of information required in the proposal form by the insurer, and also the importance of disclosure of material information in the purchase of an insurance contract;
  7. Bring to the notice of the insurer any adverse habits or income inconsistency of the prospect, in the form of a report (called “Insurance Agent’s Confidential Report.) along with every proposal submitted to the insurer, and any material fact that may adversely affect the underwriting decision of the insurer as regards acceptance of the proposal, by making all reasonable enquiries about the prospect;
  8. In inform promptly the prospect about the acceptance or rejection of the proposal by the insurer;
  9. Obtain the requisite documents at the time of filing the proposal form with the insurer; and other documents subsequently asked for by the insurer for completion of the proposal;
  10. Render necessary assistance to the policyholders or claimants or beneficiaries in complying with the requirements for settlement of claims by the insurer;