Bajaj Allianz Life Insurance to get ISO 27001 certification

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Bajaj Allianz Life Insurance Company Ltd, one of the leading private life insurance companies in India, has received the most coveted security certification of ISO 27001:2005 based on its compliance with the new standards for data and information security set forth by ISO. This certification has been awarded to IT Systems & Infrastructure situated at the Pune Head Office. The requirements of the certification were audited by Det Norske Veritas (DNV), an independent international provider of services for managing risk, certification and registration.

 

Bajaj Allianz life Insurance co. is the only life insurance co. in India to receive this certification and recognition. The ISO 27001 is the highest certification available from ISO, (adopted from the BS 7799 standards of BSI) and is awarded for effective e-security and physical security measures. ISO 27001 is the only International standard where an organization can receive a truly independent assessment of their Information Security Management System (ISMS).

 

ISO standards specify the requirements for state-of-the-art products, services, processes, materials and systems, as well as for good conformity assessment, managerial and organizational practice.

 

Commenting on the certification, Ishita Mukherjee, CIO, Bajaj Allianz Life Insurance co. ltd., said, " We are proud to be the first Insurance Company in India to  get ISO 27001 and this demonstrates our stringent security measures that secure the data and information of our customers. Our focus on information security through use of consistent process methodologies enables us to provide a secure environment for delivering high quality services , this certification also shows our strong commitment to high level of customer satisfaction and data security." 

 

What it means to Customers?

1.       Meeting relevant privacy laws or other such applicable legislation

2.             2. Assurance of Privacy to customer's  :

a.       Personal information

b.       Health related information & Financial information

3.       Demonstrates to customers that information is suitably protected - whether stored on paper, electronically, or in the minds of employees

 

What it means to the organisation?

 

1.        Reduced Business / Operational Risk

2.       Confidence building measure with all Stakeholders

3.       Differentiating factor in the Insurance industry

4.       Conformance to Corporate Governance by demonstrating Information

Security assurance to Sponsors, Shareholders and Financiers

5.       Higher returns on security investment with increase in business & trust.

 

This is one more step Bajaj Allianz Life Insurance Company Ltd, has taken to support its customers and protect their privacy by implementing this security protocol. Customer can now invest in confidence & be assured that their privacy is being protected and their business or personal data kept confidential. 

 

Sourced From: Corporate Voice|Weber Shandwick