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TCS wins $40-m New India Assurance deal
Tata Consultancy Services has bagged an over $40 million (Rs 160 crore) transformational engagement from New India Assurance for implementing its core insurance platform across the latter’s 1,100 branch network in the country, reports Business Line.
Tata Consultancy Services has bagged an over $40 million (Rs 160 crore) transformational engagement from New India Assurance for implementing its core insurance platform across the latter's 1,100 branch network in the country.
The turnkey engagement - which is spread over a period of eight years - is the first major engagement for TCS in the non-life insurance space, a company spokesperson told Business Line.
As part of the deal, the company will deploy and maintain its insurance suite, TCS BaNCS Insurance.
It will also enable integration of enterprise solutions pertaining to human resources, customer relationship management and business intelligence into the core insurance product, the spokesperson added.
With about 1.5 crore policy holders in the country, New India Assurance is currently the largest non-life insurance company in India.
The turnkey engagement - which is spread over a period of eight years - is the first major engagement for TCS in the non-life insurance space, a company spokesperson told Business Line. 
