Tally offers insurance to SMB customers

 Subbalakshmi BM

BANGALORE, INDIA: In what could be termed as a one of its kind initiative, Tally Solutions has introduced a new insurance offer for its SMB customers. As per the offer, customers who buy Tally will also be given an insurance policy that would cover the damages to property that result from burglary or other natural disasters.

The insurance amount would be Rs 5 lakh for a period of one year. Out of this Rs 2 lakh would be insurance against property loss, another 2 lakh would be insurance against burglary while the remainder Rs 1 lakh would be insurance against loss of cash.

As per offer, out of the Rs 4,980 that the customer pays for a Tally package, about Rs 2, 500 would go for insurance. The company has set aside less than 30% of the value of the single-user version to enable the customer to avail this offer.

All that a customer has to do on buying a package is to register on the TSPL website for users and the policy would reach him within 21 days of registering. TSPL has tied up with ICICI Lombard, a private sector insurance company, for the purpose.

According to Anil Pant, VP Global Channel Sales, Tally Solutions, the recent monsoon and the floods across the country have caused tremendous property damage to many of Tally's customers and partners. "In order to minimize the extent of such damage in the future we have come up with this idea. Having done a test run with nearly a 1000 customers, we are convinced that this offer will prove beneficial for the customers, our partners as well as us,"

Tally believes that the insurance offer will give its partners an extra value-add to sell to customers, getting more clients on board. Through this offer it hopes to reach out to at least a 100,000 customers.

All terms and conditions of the insurance as implied by ICICI Lombard would apply for this offer. Accordingly, out of the Rs 4,980 that the customer pays for a Tally package, about Rs 2,500 would go for insurance. The company has set aside less than 30 percent of the value of the single-user version to enable the customer to avail this offer.