Tuesday, 30 June 2020

அன்புள்ள ஊடக நண்பரகளுக்கு வணக்கம்

அன்புள்ள ஊடக நண்பரகளுக்கு வணக்கம்

சமீபத்தில் நடைப்பெற்ற சாத்தான் குளம் சம்பவம் பற்றிய இயக்குனர் பாரதிராஜா தமிழர் கலை இலக்கிய பண்பாட்டு பேரவை சார்பாக தேனியிலிருந்து வெளியிட்ட அறிக்கையின இத்துடன் இணைத்துள்ளேன்



நன்றி வணக்கம்

பேரிடர் காலங்களைக் கையாளும் தமிழக அரசுக்கு...

நேரம் காலம் பாராமல் தன்னுயிர் பற்றி கவலைப்படாமல் சிறப்பான பணியை முன்வைக்கும் முதல்வர் மற்றும் அதிகாரிகளை நன்றியோடு பார்க்கும் அதேவேளையில்,

இவ்வரசுக்கு அவப்பெயர் உருவாக்கும் ஈன காரியங்களை சில அதிகாரிகள் தங்கள் வரம்பு மீறி செய்துவிடுகிறார்கள்.

காத்துநிற்கும் காவல் அதிகாரிகள் மத்தியில் அப்பாவி மக்களை வேட்டையாடும் சில ஓநாய்களும் கலந்துவிடுவது ஒட்டுமொத்த காவல்துறையையே பழிச்சொல்லிற்கு ஆளாக்கிவிடுகிறது..

 விரும்பத்தகாமல் நடந்துவிடும் சில சம்பவங்களை, சமூகப் பொறுப்புடன்  சுட்டிக்காட்ட நாங்கள் கடமை பட்டுள்ளோம்..

குற்றமற்றவர்களைத் தண்டிப்பதே தவறு என்ற ஜனநாயக கட்டமைப்பில் வாழும் நாம், எப்படி இரு உயிர்கள் வதைபட்டு அவதிக்குள்ளாகி மரணிக்க அனுமதித்துவிட்டோம் என்று புரியவில்லை.

அந்த உயிர்களின் வலியும் வேதனையும் நம் வீட்டில் உள்ளவர்களுக்கு நேர்ந்தால் எப்படி துடித்துப் போவேனோ அப்படி துடித்துப் போகிறேன்... அவர்களும் நம்ம வீட்டுப் பிள்ளைகள்தானே??

என்ன அவன் சாத்தான் குளத்திலிருக்கிறான். நான் சென்னையிலிருக்கிறேன். ஆனால் அந்த இறப்பின் வலி, வேதனை ஏன் என்னை உறங்கவிடாமல் செய்துகொண்டிருக்கிறது??

அதிகாரம் ஒருபோதும் அப்பாவிகளின் உயிரெடுக்க துணைபோகக்கூடாது.

இந்தக் காரியத்தில் அரசு பாதிக்கப்பட்ட மக்களின் மன உணர்வோடு கூட நிற்க வேண்டும்.

தனிப்பட்ட சில மனிதர்களின் தவறு ஒரு அரசாங்கத்தின் தவறல்ல. அது அரசோ, காவல்துறை சார்ந்த உயரதிகாரிகளோ எடுத்த முடிவல்ல என்பதை மக்கள் உணர்ந்துகொள்ளும் வகையில் அரசின் நடவடிக்கைகள் வெளிப்படைத்தன்மையாக அமைய வேண்டும்.

அதுவே வரும் காலங்களில் மக்களின் மனதில் நல்லதொரு பிம்பத்தை இந்த ஆட்சிக்கு ஏற்படுத்தித் தரும்.

குற்றம் செய்தவர்களை பாரபட்சமின்றி இந்த அரசு கையாள வேண்டும் என்பதை ஒரு மூத்த குடிமகனாக, மக்களை நேசிக்கும் படைப்புகளைத் தந்த ஒரு படைப்பாளியாகக் கேட்கிறேன்.

செய்தவன் தவறுக்கான பொறுப்பை ஏற்கட்டும். நீதி அதற்கான வேலையை செய்யட்டும். இதை இந்த அரசு அழுத்தமில்லாமல் அனுமதிக்கக் கேட்டுக்கொள்கிறேன்.

காவல் இலாக்கா மட்டுமல்ல உங்கள் வசம். தனித்தனியாக இத்தமிழக மக்கள் உங்கள் பொறுப்பில்தானே உள்ளார்கள்??

வேலைப்பளு, மன அழுத்தம், மனச்சுமை
காரணமாக அப்பாவி பிள்ளைகளின் உயிரை எடுத்துவிட்டார்கள் என்று பதிலிறுப்பது எந்தவிதத்திலும் ஈடாகாத பரிவற்ற குரலாகவே பார்க்கிறேன்.

கொரானா காலத்தில் மருத்துவர்களுக்கு இல்லாத பணிச்சுமையா?? தூய்மைப் பணியாளருக்கு இல்லாத மன அழுத்தமா??

பொருளாதாரம் இழந்து வருமானம் இல்லாமல் இருக்கும் மக்களுக்கு இல்லாத நெருக்கடியா??

இப்படி  மன அழுத்தத்தில் அனைவரும் தவறான முடிவு எடுத்தால் என்ன ஆவது??

எனவே
தமிழக அரசு, தமிழகத்தில்
வேலைப்பளுவால், பொதுமக்களை  வதைபிணமாக்கும் மனம் அழுத்தம் யாரேனும் கொண்டிருந்தால் அக்காவலர்கள் அதற்கான சிகிச்சை எடுத்துக்கொள்ள அனுமதியுங்கள்.

விடுப்பில் சென்று மன அமைதி கொள்ளட்டும்.

நேரடியாக அரசின் கீழ் பணிபுரிபவர்கள் கவனமற்று தன்னிலை இழந்து செயல்படுவது எத்தனை அவப்பெயரை உலக அளவில் அலைகளாக்கிவிடுகிறது என்பதை ஒவ்வொரு அரசுப் பணியாளர்களும் கவனத்தில் கொள்ள வலியுறுத்த வேண்டும்.

மக்களாகிய நாங்கள் எங்கள் உயிர் காத்து நிற்கும் காவலர்களுக்கு நன்றிக் கடன் கொண்டுள்ள இந்நேரத்தில் இப்பெருங்குற்றம் மற்ற கடமையாளர்களின் பெரும்பணியை மறக்கடிக்கச் செய்கிறது என்பது என்னைப் பொருத்தவரை விசனமே!

அகால மரணமடைந்த ஜெயராஜனுக்கும் பென்னிக்ஸுக்கும் மட்டுமல்ல இந்த பேரிடரைப் பார்த்துப் பார்த்துக் கையாளும் அரசுக்கும் பெரும் அநீதி இழைத்துள்ளார்கள் சாத்தான் குள காவல் அதிகாரிகள் என்பதை முதல்வர் மனதாரப் புரிந்துகொள்ள வேண்டும்.

இக்குற்றத்தின் போது உடனிருந்த காவலர் ரேவதி மனசாட்சியின்படி நடந்துகொண்டதைப் பார்க்கும்போதும்... சில காவல் துறை உயரதிகாரிகளே கண்டித்திருப்பதும் மன ஆறுதலைத் தருகிறது. அவர்களுக்கு நன்றியைத் தெரிவித்துக் கொள்கிறேன். காவலர் ரேவதியின் பாதுகாப்பை இவ்வரசு உறுதிசெய்ய வேண்டும் எனவும் கேட்டுக் கோள்கிறேன்.

இச்சம்பவத்தில் தானாக முன் வந்து வழக்கை எடுத்துக் கொண்ட மதுரை உயர் நீதி மன்றத்திற்கும் நீதியரசர்களுக்கும் நன்றிகள்.

இரவு பகல் பார்க்காமல், கொரானாவின் தாக்கம் கண்டு தனியறைக்குள் புகுந்துகொள்ளாமல் முகக்கவசத்தை அணிந்துகொண்டு களப்பணியாற்றும் உங்கள் ஒட்டுமொத்த நற்பெயரை ஒரே சம்பவத்தில் சிதைத்த அக்கொடூரர்களை மேலும் மக்கள் பணி செய்யவிடாமல் தடுப்பதே பாதிக்கப்பட்ட உங்களுக்கும் அவ்வப்பாவிக் குடும்பத்திற்கும் ஈடுகட்டப்பட்ட நீதியாகப் பார்க்கப்படும்.

  ஆதலின் என் குரலை ஒவ்வொரு தமிழனின் ஆதங்கக் குரலாக எடுத்துக் கொண்டு.. துறைரீதியான கடுமையான நடவடிக்கைகளை அக்கொடியோர் மீது மேற்கொள்ள வேண்டும் என  தமிழர் கலை இலக்கிய பண்பாட்டுப் பேரவையின் சார்பாகவும்... ஒட்டுமொத்த திரையுலகின் சார்பாகவும் வலியுறுத்துகிறேன்.

இப்படிக்கு

இயக்குநர் பாரதிராஜா

தமிழர் கலை இலக்கிய பண்பாட்டு பேரவை

VELAMMAL STUDENTS CELEBRATED

VELAMMAL STUDENTS CELEBRATED NATIONAL DOCTORS’ DAY WITH A DIFFERENCE
Students of Velammal Main School, Mogappair Campus, celebrated National Doctors’  Day on 1st July, 2020. The students aimed at honouring all the parent doctors who are serving and risking  their lives  in the fight against COVID-19.

Amid the lockdown, several students marked this special day by presenting a bouquet to the parent doctors, as a token of gratitude and honour for their remarkable  selfless service towards the fight  against  this global pandemic.

The School Management appreciates the initiative of the students.

Iswarya Menon Stills

Iswarya Menon Stills






20 years of Abhishek Bachchan

20 years of Abhishek Bachchan: Eight films that have proved to be milestones for the actor's career 
Actor Abhishek Bachchan will be marking his 20th year in the film industry as his debut film Refugee was released on June 30, 2020. Abhishek who is active on Instagram, keeps sharing the BTS stories from the shoots. He recently started sharing about a few moments close to his heart from his journey of two decades in the segment, #RoadTo20.  In these 20 years, Abhishek Bachchan has undoubtedly given us a several outstanding films that cinephiles will never forget.   
 1.      Refugee (2000) – As the 20th-century came to an end, the film journey of Junior Bachchan began. It was the year 2000 when J.P. Dutta’s directorial Refugee opened the Bollywood gates for two brilliant stars we have today Abhishek Bachchan and Kareena Kapoor Khan. The film had an interesting plot that revolved around a love story which blossomed within the tension at the Indo-Pak border.
 2.      Yuva (2004) – After his debut, AB Junior was a part of many versatile films which led him to the Mani Ratnam directorial, Yuva. The political thriller was a multi-starrer that showed the audience a never seen before side of Abhishek. The actor played a grey character with many interesting layers. With a group of co-stars by his side, Abhishek effortlessly went under the skin of Lallan which won him his first Filmfare Award. 
 3.      Dhoom (2004) – Dhoom became a huge commercial hit for Junior Bachchan and went on to be a significant part of his career going ahead too! The film was the talk of B-Town with its stylish feel and suave characters. AB’s ACP Jay Dixit became a major hit with his straight-faced humour and no-nonsense attitude. With Dhoom 2 (2006) and Dhoom 3 (2013), the actor took the character one step ahead every time and entertained the audience thoroughly.
 4.      Sarkar (2005) – This was the first time the father-son duo came together to replicate their real-life relationship on screen. Abhishek played a businessman, son of a firebrand politician. The plot of the film is intense and has a perfect blend of politics, crime, and family drama. The film showed the critics as well as the audience the extreme range of the star’s acting prowess.
 5.      Bunty Aur Babli (2005) – Bunty Aur Babli starred Rani Mukerjee and Abhishek Bachchan in the lead who played the perfect con-couple. The multitude of characters they essay to con people is the novelty of the film. And of course, another huge novelty was the coming together of Amitabh Bachchan and Abhishek on the big screen for the very first time. This film helped in bringing the nuanced comedic side of AB Junior who wielded the same magic in many of his other films. 
 6.      Guru (2007) – One of the most successful films, both critically and commercially, for Abhishek was Guru. The world that Mani Ratnam created with Gurukant Desai in centre was one in which the actor seamlessly adjusted. He worked on his dialect, he changed his physicality and gave it more than his hundred percent for this role of a small-town boy turned into the country biggest tycoon. The role of Guru Bhai won the actor a lot of love from the fans and lot of trophies at the award ceremonies.
 7.      Paa (2009) – Unlike Sarkar where the father-son duo Big B and Jr Bachchan replicated the real-life relation on-screen, Paa was the film where they there was an interesting role-reversal. Big B played the role of a 12-year-old who happens to be Abhishek’s son. It talks about a disease called Progeria which Amitabh Bachchan suffers from in the film, making them the right fit for this novel idea. The R Balki directorial became special for everyone not only because of this unique dynamic displayed in it but also because Abhishek, who turned a producer with the film, won the National Award for it too.
 8.      Manmarziyaan (2018) – Manmarziyaan saw Abhishek Bachchan come back to the silver screen after a two-year break. The excitement among his fans was palpable when the trailer had released and AB Junior lived up to the promise with his portrayal of Robbie. His easy-going avatar in the first half of the film put a smile on all our faces. And, when the explosion of emotion came later, the audience was left awestruck once again by AB Junior.
As Abhishek Bachchan completes two decades in the industry, he is now all set to start his third decade with some amazing movies live The Big Bull, Bob Biswas and Ludo which are expected to release soon.

Dollar Industries Limited announces


DOLLAR INDUSTRIES LIMITED
Registered Office: ‘OM Tower’ 15th Floor, 32 Jawaharlal Nehru Road.Kolkata:700071
CIN: L17299WB1993PLC058969

Performance Review
Dollar Industries Limited announces Q4 & yearly FY20 results



Standalone Q4 FY2020
Revenues fall by20.19% to Rs. 237.66 cr
PBT at Rs. 16.84 cr, down by 38.87 %
PATfalls by 40.96 % to Rs. 13.32 cr


Dollar Industries Limited, leading among the top hosiery and garment manufacturing giants in India, covering entire range of knitted garments, from basic wear to outer wear has announced their audited financial results for the quarter and year ended March 31, 2020.


Q4FY20 performance overview compared with Q4FY19


        Revenues from operations at Rs. 237.66cr, Q-o-Qde-growth of 20.19%
        EBITDA of Rs. 24.21crores; Q-o-Q de-growth of 31.01 %
        EBITDA margins at 10.19%
        PAT stood at Rs. 13.32 crores; Q-o-Qdecrease by 40.96%
        EPS for Q4FY20 stood at Rs. 2.35, as compared to Rs. 3.98for Q4FY19

Annual performance overview of FY 19-20 as compared with FY 18-19
        Revenues from operations stood at Rs 969.32crores, a fall of 5.78%
        EBITDA at Rs.109.29 crores from Rs.137.87crores, de-growth  by 20.73%
        EBITDA margin stood at11.28%
        PAT stood at Rs.59.45crores, down by 21%
EPS at Rs. 10.48 as compared to Rs. 13.27

For the quarter ended March 31, 2020

Total Income for the quarter ended March 31, 2020 (Q4FY20) stood at Rs. 240.89crores, compared to Rs. 298.50crores during the last quarter (Q4FY19).

The Company reported Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) of Rs. 24.22 crores in Q4FY20, as against Rs 35.11crores; down by31.01%. The Company’s EBITDA margin stood at 10.19% Q4FY20 as compared to 11.79%in Q4FY19.

The Company reported adecrease of 40.97% in its PAT to Rs. 13.32crores for Q4FY20, as compared to Rs. 22.56crores in the corresponding quarter of last fiscal. The Company’s Q4FY20 PAT margin stood at 5.60%, as against 7.58% in Q4FY19.

For the year ended March 31, 2020:

Revenue from operations for year ended March 31, 2020 stood at Rs. 969.32crores, as compared to Rs. 1028.76 crores last year.

Dollar Industries Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) foryear ended March 31, 2020 stood at Rs. 109.29crores, down by 20.73 %. The company’s EBITDA margin came down from 13.40 % in FY19 to 11.28% in FY20.

The company reported a decrease of 21% in PAT to Rs. 59.45crores for the financial year ended March 31, 2020. PAT margin stood at 6.10 %, as compared to 7.30 % foryear ended March 31, 2019.

Commenting on the performance, Mr. Vinod Kr.Gupta, Managing Director, Dollar Industries Limited said- The pandemic outbreak of Corona virus has been disruptive in Q4 itself. Being the last month of the fiscal most of the supplies are made to the distributor in the last week which could not happen. We are witnessing a change in consumer buying pattern as they prefer to shop online. Also the Work from Home culture has led to increase in demand of Athleisure.  We are experiencing spike in demand and are hopeful that the Industry will soon bounce back. 

Majority of hotel operators expect up to

Majority of hotel operators expect up to two-year revenue recovery period: JLL

  • 60% of the operators surveyed believe that it will take between 13 to 24 months for their portfolio to return back to 2019 RevPAR levels
  • 20% believe that their hotels could bounce back to 2019 RevPAR levels within 6 to 12 months from now
  • 53% of the total leading hotel operators have shut down more than 80% of their inventory during the nation-wide lockdown period
  • 53% of the respondents believe that key business cities are likely to witness an early pick-up in room nights demand
JLL, the largest real estate consultancy firm in the country has recently conducted a survey with 15 leading hotel operators in India having adequate presence across hotel segments in both business and leisure markets. The survey was conducted to understand the effects of the pandemic on development and opening of new hotels, as well as the support required for the sustenance of the sector.

The COVID-19 pandemic has brought the world to a standstill, with hospitality, travel and tourism sector being the most affected due to travel restrictions across the world and within India. In order to gauge the impact of the pandemic, following the survey, JLL Hotel and Hospitality Group has launched a whitepaper titled ‘Impact of COVID-19 on Indian Hospitality Industry.’

According to the survey, only 20% of the operators believe that their hotels could bounce back to 2019 Revenue Per Available Room or RevPAR levels within 6 to 12 months. Whilst 60% believe that their portfolio should be back on 2019 levels between 13 and 24 months from now. Luxury hotel operators are expected to ramp-up much slower with some expecting that their portfolio may take more than 2 years to reach 2019 performance levels. Qualitatively, the survey also indicated that business travel is expected to reduce in the post COVID-19 world as companies will rationalize spending on travel, which could, in a way, benefit branded economy and midscale hotels.

“The standard operating procedures will be significantly transformed to promote enhanced hygiene standards and to adopt technology to support social distancing policies. However, with the slowdown of hotel developments, capital assistance is needed to help hotels sustain until demand returns,” says Jaideep Dang, Managing Director, Hotels & Hospitality Group (India), JLL.

Currently, 47% of the operators expect to re-open their hotels for operation within 2 weeks of lifting of lockdown / travel restrictions by the respective state governments and 33% of operators expect to open within a week. Importantly, almost all operators believe that most hotels in their portfolio would need working capital infusion to continue or re-start their operations because the reserves have almost dried.

As the sector continues to build contingency plans to alleviate the fallout of the crisis, hotel operators are extending the hand of solidarity to their owners by providing certain relief measures. 67% of the operators surveyed confirmed that they are being approached by the hotel owners for financial assistance or relief, for example, deferring management fees, fixed system charges etc. providing much needed relief to hotel owners.

From repurposing a property to adapting new strategies and approaches to secure a strong come-back for hotel assets once the industry restarts, a multitude of things have to be considered from operational changes to strict hygiene measures. Hotel developments have slowed down, and most hotel openings are likely to be deferred by at least 6 months. Though unlock 1.0 has allowed hotels to open in a few cities, ride ahead seems bumpy with limited demand offtake for rooms, F&B and other recreational business. Hotels could rather earn better revenues serving as COVID support facilities in more affected cities such as Delhi and Mumbai.

FICCI FLO Chennai and Coimbatore jointly Present

*FICCI FLO Chennai and Coimbatore jointly present “IT’S OKAY NOT TO BE OKAY” – A mental health awareness webinar on 29th June 2020*

FICCI FLO Chennai and Coimbatore jointly presented “IT’S OKAY NOT TO BE OKAY” – A mental health awareness webinar on 29th June 2020.





Prominent Tamil Actor and founder of Life Again Foundation, Gautami Tadimalla sat down with experts - Dr. N. Rangarajan – Director of Psymed Hospitals and Consultant Psychiatrist at Malar Fortis and Bharathiraja Hospitals and Dr. Sangeetha Madhu, a leading clinical psychologist and a Leadership coach with more than 20 years of experience.

Gautami started off by expressing her joy and gratitude to be a part of such a wonderful initiative by the members of FICCI FLO Chennai and Coimbatore jointly. She also further went to talk about such events that she and her team have hosted not only during the lockdown but for many years, across the various spectrums of society, where she helps people in finding themselves and helps enable them with tools to help them live their life to the fullest.

Speaking about mental health, Dr. Sangeetha started off by saying positivity, mental health and self-care is the need of the hour. “Through the years we are always taught that success brings happiness or the society or community we live in decide what brings us happiness but we know that’s not at all true. Its upto each individual to decide and determine what brings them happiness.”

“Mind is just another muscle and the more we use this muscle, the more it listens to us. The mind is a terrible master but a wonderful servant”, added Dr. Sangeetha.

Dr. Rangarajan said “Not being okay is by no means a sign of weakness. Just like being tall, short, fit, fat is okay, not being okay is also perfectly okay and it’s not the end of the world.”

Both the doctors then took questions from the audience and while doing so urged everyone not to give their mind to unqualified people and unqualified sources as that does more harm than good. Given the amount of information available online, the doctors further requested not to self-diagnose and to visit a qualified mental health care personal upon recurring symptoms.

Gautami further requested everyone to read up as much information as possible from credible and validated sources, talk to friends or family who have been through something similar.

“More importantly I urge each and every one to visit qualified mental health professionals, if you feel like you you’re going through something that is preventing you from experiencing your own emotions, whatever it maybe and when you’re not able to address it and deal with it, please talk it:” said Gautami on an ending note.

Sakshi Agarwal thanks the Indian

Sakshi Agarwal thanks the Indian Government for banning 59 Chinese apps!

Actress Sakshi Agarwal has expressed her heartfelt thanks to the Indian Government for its decision to ban 59 Chinese applications which includes Tik Tok. The actress, while congratulating the government for having made this landmark decision, said that this was an important decision that would take India to the next level in self-reliance.




Actress Sakshi Agarwal only a few days ago deleted her account in Tik Tok and announced that she would be boycotting Chinese products and not be doing Chinese endorsements any more.

டிக்டாக் உள்ளிட்ட 59 சீனா

டிக்டாக் உள்ளிட்ட 59 சீனா செயலிகளுக்குத் தடை - மத்திய அரசுக்கு நன்றி கூறிய நடிகை சாக்‌ஷி அகர்வால்




சில நாட்களுக்கு முன் நடிகை சாக்‌ஷி அகர்வால்,  தன்னை டிக்டாக்லிருந்து விலக்கி கொண்டு சீனாவில் தயாரிக்கப்படும் பொருட்களை உபயோகப்படுத்த போவதில்லை என்றும், சீன தயாரிப்புகளின் விளம்பரங்களில் நடிப்பது இல்லை என்றும் முடிவு செய்துள்ளதாக அறிவித்தார்.

நேற்று மத்திய அரசு டிக் டாக், யுசி பிரவுசர் உட்பட சீனாவின் 59 செல்போன் செயலிகளுக்குத் தடை விதித்திருப்பதை அறிந்து தனது நன்றியை தெரிவித்துள்ளார் நடிகை சாக்‌ஷி அகர்வால்

இது இந்தியாவை அடுத்த கட்டத்திற்கு எடுத்து செல்லும் முக்கிய முடிவு என்றும், இந்த முடிவு இந்தியாவின் சுயசார்பு திறனை மேம்படுத்தும் என்று கூறியுள்ளார்.

FICCI FLO presents 'No Going Back' an

FICCI FLO presents 'No Going Back' an enlightening conversation with Nobel Laureate Prof. Muhammad Yunus on 6th July

FICCI FLO presents Muhammad Yunus, Nobel laureate, co-founder of Yunus Social Business, and founder of Grameen Bank in a webinar as he speaks on 'No Going Back’, Forging a new future in the wake of Covid 19. Streaming live from Dacca, Prof. Yunus will talk about how we should not want to return to what used to be normal in finance and economics.


How the present day situation is a perfect foil to start new practices and business for social good. He will share his insights on some of the most pressing global challenges like poverty alleviation. He will also speak on humane capitalism and how the creation of social businesses can address and solve problems around the world. This webinar is being hosted in partnership with Yunus Centre


Date: 6th July 2020
Time: 3.30 pm


The following link can be followed for more details and updates
https://www.facebook.com/ficciflochennai/

Exide Life Insurance in FY 2019-20 delivers


Exide Life Insurance in FY 2019-20 delivers strong growth in profits (INR 29 Crs, up 141%) with growth in premiums (INR 3220 Crs, up 12% vs FY 2018-19)



Key Highlights

·         Profits up by 141% at INR 29 Crores
·         Gross Written Premium up by 12% at INR 3,220 Crores
·         Claim Settlement Ratio improved to 98.15%
·         Assets Under Management grew by 10% to INR 15,795 Crores
·         Policyholder Bonus distribution of INR 324 Crores, growth of 13.1%
·         Solvency Ratio at 210% versus regulatory requirement of 150%



Exide Life Insurance, a 100% owned subsidiary of Exide Industries, reported a growth of 141% in Profits Before Tax (PBT) at INR 29 Crores in the Financial Year ended March 2020, compared to INR 12 Crores in the previous Financial Year (FY 18-19). This is the eighth consecutive year in which the Company has reported profits.

The Company has continued its emphasis on protection products resulting in the protection business mix increasing from 9% of Annualized Premium Equivalent (APE) in FY 18-19 to 11% in FY 19-20.

The Company has achieved its highest ever Claims Settlement Ratio at 98.15% and has a healthy Solvency Ratio of 210% versus the regulatory requirement of 150%.

Continuing with a very strong track record of declaring bonus payouts to participating policyholders every year since inception, the Company has announced Policyholder Bonus distribution of INR 324 Crores in FY 2019-20, a growth of 13.1% over previous FY.

Commenting on the results, Kshitij Jain, MD & CEO, Exide Life Insurance said, “Our primary focus remains value creation for customers and shareholders. Our long term strategy is to grow new business faster than the industry while continuing to improve on the quality of business.

Our commitment to this philosophy has paid off and our business performance has manifested in superior returns to our policyholders, with us being able to pay bonus to participating policyholders every year since inception. Needless to say we live by our promise and our core brand essence of Lamba Saath, Bharose Ki Baat.”

Performance Summary
Key Business Drivers
Unit
Financial Year Ended
YoY Growth
Mar 19
Mar 20
Gross Written Premium Income
INR Cr
2,886
3,220
12%
New Business premium (Individual + Group)
INR Cr
803
889
11%
Renewal  Premium (Individual + Group)
INR Cr
2,084
2,331
12%
Shareholder Profit (PBT)
INR Cr
12
29
141%
Active Policies (individual)
In Lakh
15.02
15.82
5%
Assets Under Management
INR Cr
14,377
15,795
10%

Policyholder Bonus
Considering the surplus that arose over the Financial Year in the Participating fund, the Company announced policyholder bonus of INR 324 Crores in FY 2019-20, a growth of 13.1% over FY 2018-19

Solvency Ratio
The solvency ratio of the Company stood at 210% as on 31st March 2020, compared to the regulatory requirement of 150%.

Assets under Management
The Company’s Assets under Management (AUM) recorded a growth of 10% over the last financial year and stands at INR 15,795 Crores.

Profit Before Tax (PBT)
During FY 2019-20, the Company recorded Profit Before Tax of INR 29 Crores, compared to INR 12 Crores in FY 2018-19.  

Claim Settlement Ratio
The Company continued its growth journey with ‘Individual Claims Settlement Ratio’ improving to an all-time high (since inception) of 98.15% in FY 2019-20. The Company paid death claims worth INR 213.70 Crores (Individual INR 88.95 Crores and Group INR 124.75 Crores) during the Financial Year 2019-20.

Renewals and Persistency
The Company achieved 12% growth in individual renewal premiums at INR 2,221 Crores with improvement in persistency ratios for 13th month, 25th month as well as 37th month.

Protection Business Mix
The mix of protection business was further strengthened to 11% of the individual new business premium (Annualized Premium Equivalent).

Life Insurance Coverage (Sum Assured)
The Company has increased its total coverage and now has total Sum Assured of INR 3.44 Lakh Crores as on 31st March 2020.

Awards
The Company’s all round performance on value creation continued with receiving external recognition in various areas of business. Some of the noteworthy awards won are:
1.    Exide Life Smart Term Plan voted as Product of the Year 2019
2.    Helmet Saves CSR initiative won:
a.    Best BTL campaign for a socio economic program in Masters of Modern Marketing
b.    Brandvid (Gold) Best brand integration in Music Video
c.     Brandvid (Silver) – Best brand film for Social initiative
d.    FICCI best CSR initiative in Life Category