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Showing posts with label Maximo. Show all posts
Showing posts with label Maximo. Show all posts

Tuesday, 28 February 2017

19:47

Life Insurance Corporation Of India Posted robust growth of 12.43% in the Total Premium Income

Life Insurance Corporation Of India Posted robust growth of 12.43% in the Total Premium Income

Mumbai: February 27,2017

Life Insurance Corporation of India’s total gross income of nine months ending December 2016 grew by 15.76% to 337465 cr. against Rs.291511 cr. last year. The new business performance of the corporation saw an impressive increase of 40.11% in first premium while the corporation posted robust growth of 12.43% in the total premium income at Rs145031cr compared to Rs1, 29,001 cr. during the previous year.

The total assets also showed a phenomenal growth to Rs2441946 cr. as opposed to Rs2164652 cr. the previous year which is an increase of 12.81%.  The Corporation has added more than 44000 agents to the rolls.

Addressing the gathering, Mr. V.K. Sharma, Chairman, LIC of India stated that, on the occasion of Dimond Jubilee, LIC launched a special plan, ‘Bima Diamond’ Corporation. Corporation sold over 5,86, 000 policies under the plan collecting over 322cr. premium. He further said that, corporation has recorded healthy results based on its strong fundamentals and core values. Trusted customers across the country have supported and enabled LICto report a robust financial performance.

About LIC
Life India Corporation has eight zonal offices, 113 divisional offices and 2048 branch offices all over the nation The headquarter is in Mumbai,  Maharashtra; while 1403 satellite offices and 1238 mini offices serve the nation.

The corporation which was started with an initial capital of rs.5 cr. subsequently raised to Rs.100 cr. has built a formidable institution with assets worth over 24 Lac cr. Today, LIC has servicing about 29 crore policies.

PIB/ SA (BG)

Source:PIBMUMBAI

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Thursday, 3 September 2015

05:29

Indian Railways to utilize ISRO’s Geospatial, Satellite Technologies

Indian Railways to utilize ISRO’s Geospatial, Satellite Technologies

New Delhi: Railway Minister Suresh Prabhu today said for using geospatial technology and satellite technology for various operations of Railways, a Memorandum of Understanding will soon be signed between the Centre for Railway Information Systems (CRIS) (the IT arm of the Ministry) and Indian Space Research Organisation (ISRO).

Heavy Rail and Light Rail organisations around the world have pioneered the application of geospatial technology (Geographic Information Systems or GIS) to rail infrastructure and operations using Intergraph technology. Close integration of spatial information with operational systems, like SAP, Maximo and MIMS/Ellipse, has helped engineers and managers gain clearer insight into asset performance and improve the efficiency and safety of operations. Other key business functions include security and incident response, environmental management, noise mapping and control, property and land title management.

Launching three IT initiatives by organising video-conferencing between, Rail Bhawan and New Delhi Station, he said safety and security of passengers was of paramount importance of his ministry.

Railway Infrastructure Managers and Operators are huge property owners, managing very relevant areas of the territory related with railway infrastructures and facilities. Due to historical reasons – railway is a centenary industry – and further developments, within this valuable real estate assets, there are significant possessions in urban and suburban environments associated to lines, railway stations, logistic terminals and interfaces, yards, workshops, etc.

Each network, private or public, has its own context (world region, history, culture, values, leadership, …), but one thing is quite common among them regarding property and real estate control: information, when it exists, relies on old paper support deposited in “dark” basements of buildings or warehouses and it’s not an easy process to create knowledge from it under this conditions.

When we refer application to railway land assets or generally speaking about the territory, we basically must relate two main variables: property and ownership. Further on, within a railway organization control is quite an important issue to several activities that should be developed over a very same reality: the railway domain.

In the year 2013, the General Manager (IT & Communications) of Centre for Railway Information Systems (CRIS) had done extensive study on the need for GIS in Railways and Interfacing the GIS with applications on Indian Railways.  The same can be downloaded here: GIS Base Map SS Mathur

GIS and Railways

Investing in current and reliable geodata is rewarding. There are lots of examples where efficiency gain can be attained but also an increase in safety and avoidance of damage to the environment.

The public receive a better service, including the fast availability of substitute transport, shorter incident problem-solving times and prevention planning.

Quality geodata should be a precondition for management in the railway sector and ideally one shouldn’t set up a business case for the improvement of data quality. In different countries there’s attention for BIM and geoinformation in the whole lifecycle of the railway network: from feasibility study, design and construction to the maintenance and management phase that which presents a comprehensive list of railways activities where GIS support have a prominent role.

Railway managers, whether focused on passenger or freight delivery, can use the spatial and analytic components of GIS to efficiently manage assets, maximize throughput, and monitor safety. The ability to share maps and information online improves communication with your stakeholders, including customers (Esri, 2014), empowering entire railways infrastructure life-cycle management.
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