Aster joins RAK Insurance and Reliance life Insurance launch "ARISE" - an NRI family protection Scheme

DUBAI, UAE, 22 February 2016 Aster DM Healthcare and RAK Insurance jointly announced today the launch of ARISE, an economical and convenient, life and hospitalization insurance scheme for non-resident Indians (NRI) allowing them to extend care to their families in their home land.

  
Aster joins RAK Insurance and Reliance life Insurance launch ARISE - an NRI family protection Scheme
ARISE is the first comprehensive and economical protection plans for NRI community living in the U.A.E

Indian Ambassador to the U.A.E HE Shri TP Seetharam launches ARISE with executives of Aster DM Healthcare, RAK Insurance and Reliance Life Insurance


DUBAI, UAE, 22 February 2016

Aster DM Healthcare and RAK Insurance  jointly  announced today the launch of ARISE, an economical and convenient, life and hospitalization insurance scheme for non-resident Indians (NRI) allowing them to extend care to their families in their home land.

ARISE is designed to protect NRIs and their families from unexpected expenses brought by situations needing medical attention like illness or accidents. Apart from the accident protection and life coverage, ARISE ensures access to quality healthcare and service across more than 5500 numbers of hospitals networks in India. The scheme can be available through any hospitals in the network of the Third party Administrator but  benefit from the coverage of outpatient consultation  that are exclusive in the hospital networks of Aster DM Healthcare at Maharashtra, Andra Pradesh, Karnataka and Kerala. ARISE is the first NRI protection plan of its kind offered outside India to benefit the community in the home country.

Developed by RAK Insurance, the plans come in Silver, Bronze, Gold and Platinum packages mainly covering worldwide personal accident and hospitalization riders with different schemes depending on the chosen package for the NRI and their families in India. The plan is very cost effective and customised scheme that can be availed by going online via www.ariseinsure.com / www.rakinsurance.com or by calling the special hotline 800-RAKI (7254).

Indian Ambassador to the U.A.E. HE Shri TP Seetharam welcomed the launch of the financial plan: "ARISE is a good example on how we can encourage our fellows to prepare for the future and be protected when an unfortunate situation comes. We thank everyone involved in this venture - Aster DM Healthcare, RAK Insurance and Reliance Life Insurance for thinking about the needs of NRIs. As trusted companies based here in the UAE, we know that ARISE will be successful as it only puts forward answering the future needs of our fellow NRIs."

Dr. Azad Moopen, Chairman and Managing Director of Aster DM Healthcare commends that this initiative benefits the fellow NRIs: "ARISE takes off the burden of worrying about families' welfare left behind by Indians who live outside the country.  With the comprehensive protection plan covering life, accident and hospitalisation needs of one's spouse, parents, in-laws and children back home, they are able to extend care while miles away. Somehow, NRIs have peace of mind knowing too that not only do they have the financial health protection but is also covered by a wide network of medical institutions that can provide outpatient and inpatient services. Being part of this venture, I am proud, both personally and professionally, as it is another way to give back to the community responsibly and help NRIs secure their welfare."

"We are excited to provide this comprehensive personal accident and hospitalization rider plan for the NRIs here in the Gulf especially in the UAE where 42 per cent of the overall population are Indians. One of the biggest concerns of NRIs is the medical welfare of their loved ones especially given the rising costs of healthcare back home. This is one of the compelling reasons we partnered with Aster DM Healthcare. With ARISE, cost effective accident cover and healthcare benefits in India are now available. We offer not just protection for their families but also peace of mind that care will be given from excellent and quality hospitals," said Mr. Andrew Smith, Chief Executive Officer, RAK Insurance.

Aster DM Healthcare is the strategic partner in providing value added out-patient medical care across its vast network in India. Amongst Aster's chain of establishments in India that cover ARISE are: Aster MedCity - Kochi, Kerala, Aster MIMS in Calicut and Kottakal, DM WIMS in Wayanad, Aster Medipoint Hospital in Pune, Aster Prime Hospitals in Ameerpet and Kukatpally in Hyderabad and Aster CMI Hospital in Bengaluru.

"We are proud to be part of this venture as it further helps NRIs in extending life protection for their families. We ensure that the policy holders shall benefited by quick and single window system process through out over 800 branches spread across all over the India. ARISE is a workable solution for NRIs who are the breadwinners of their families and are looking for life insurance coverage for their loved ones," said Mr. Sam Gosh , Group Chief Executive Officer, Reliance Capital.

ARISE was launched by HE Shri TP Seetharam and Dr. Azad Moopen together with Mr. Andrew Smith, Mr. Sam Gosh and Alisha Moopen who is the Executive Director and CEO of Hospitals and Clinics at Aster DM Healthcare along with senior executives of Aster DM Healthcare during a function held at Taj Dubai Hotel - Dubai on 22nd February 2016.

-Ends-

About Aster DM Healthcare
Established in 1987, Aster DM Healthcare currently owns and operates a network of more than 290 plus units across the Middle East and India, covering an array of healthcare verticals including clinics, hospitals, pharmacies, and a modern medical city. These network units are consolidated under the brand names ASTER, MEDCARE, ACCESS, ASTER Medcity and ASTER MIMS. The multitude of health facilities that include 14 hospitals offer primary, secondary, tertiary and quaternary care in order to meet the requirements of people from a cross section of the society.

About RAK Insurance
Ras Al Khaimah National Insurance Company (RAK Insurance) was established in 1974 through the vision of His Excellency Sheikh Saqr Bin Mohammed Al Qasimi. That vision has been maintained by successive leaders and allows RAK Insurance to enjoy its position today as a pioneer and leader in Insurance. RAK Insurance is truly visionary with its pioneering focus on technological advancement, people development and partnerships with like-minded companies as suppliers of products or services.  RAK Insurance holds its social responsibility as a core value and firmly believes in transparency and education of customers as an ethical requirement.  RAK insurance has established a solid risk framework and is always a leader in establishing new and robust methods of analysing risk.  This allows the company to maintain its position as a pioneer while also maintain confidence across all its partners in whichever market sectors it serves.  As a publicly listed company, RAK Insurance is listed on the Abu Dhabi Securities Exchange and RAK Bank holds majority stake in RAK Insurance.

About Reliance Life Insurance
Reliance Life Insurance is amongst the top 5 private sector life insurance companies in terms of individual WRP (Weighted Received Premium) and New Business WRP. The company has insured over 1 crore lives since inception, have a strong distribution network of over 800 branches, and over 1,00,000 Advisors. They are the Top 3 Most Trusted Private Life Insurance brand, as per Brand Equity Most Trusted Brand Survey, 2015. The company has a strong partner, Nippon Life, which is Asia's & Japan's largest life insurer and 6th largest insurer in the world.    

For more information, please contact:

G.C.C
Nyla Khan    
ASDA'A Burson-Marsteller 
T: 04-4507600 
E: nyla.khan@bm.com 
                                                                              
Akash Roy
ASTER DM HEALTHCARE
055 700 9498 / 971 4 4546620
akash.roy@dmhealthcare.com

© Press Release 2016