The Boston Group with MK Raju Consultants Pvt Ltd launches an Insurance & Financial Training portal in India.

M K Raju Consultants Private Limited, a leading Energy Management Consultants organization in association with The Boston Group USA has launched in Chennai this evening the, Financial Portal and E-learning Training programs in Insurance. Shri N Rangachary, Chairman IRDA inaugurated these programs

The Boston Group News

FOR IMMEDIATE RELEASE:
February 25, 2003

CONTACT:
Ronak Desai   
The Boston Group   
rdesai@thebostongroup.com   

The Boston Group with M.K. Raju Consultants launches an Insurance & Financial training portal in India.

M K Raju Consultants Private Limited, a leading Energy Management Consultants organization in association with The Boston Group USA has launched in Chennai this evening the, Financial Portal and E-learning Training programs in Insurance. Shri N Rangachary, Chairman IRDA inaugurated these programs.

The Boston Group founded in 1988 is a global provider of IT and E-Learning solutions. It has delivered cost effective solutions to a broad range of fortune 1000 companies in Insurance, banking, financial services and higher educational institutions through development centers in US, India, Singapore, China, Dubai Malaysia and the Philippines. The Boston Group with Intralearn Software has set up 600 installations in 35 countries with global reach and visibility.

Mr. Subu Kota Chairman TBG has referred to their many prestigious assignments in particular, the AMA University in the Philippines the largest and first IT University in Asia with 150,000 students and 200 campuses; The Singapore Tourism Board to train a pool of Travel Agents around the world with real time, 24 hours access to up-to-date information on Singapore Tourism and GITAM dedicated E-Learning center at Visakhapatnam.

ETS Financial Campus is the worlds largest and most trusted resource for financial services, marketing information and distribution expertise. Mr. Jeffery Hooper, Executive Vice President ETS Financial Campus in the US said: Through the Financial Campus, more than 300 financial service organizations around the world are involved in marketing annuities, disability, health, life, mutual funds and retirement savings products. Over a million professional have so far availed more than 200 integrated programs with an on-line Course Library with 300 titles."

Mr. Raju said only one out of five insurable population in India have insurance cover[age]. In terms of insurance premium per capita and premium per GDP, India ranks as one of the lowest in the world. Life Insurance premium constitutes only 9% of domestic savings. Health coverage is negligible. Cattle insurance has to yet to take off. By 2010, hundred million elderly look to planning for old age pension and annuities. More than 325 million labor force have no social security."

Mr. Raju continued This poor performance projects the tremendous market potential that exists for explosive growth in insurance and our mind set has to change from 10% to 20% annual growth in insurance to 100% compound growth year after year.

Mr. Raju continued with fierce competition and high customer expectations, customer service is the key to success and only competent and well trained Agents can provide this service."

Mr. Raju asserted it is simply impossible to train so many agents to match the market potential with the traditional learning mode; otherwise, it will stunt our growth. The revolutionary approach through web based E-Learning provides quality education and training to anyone, any time, and any place and any pace."

Mr. Raju said through individual computer, internet linkage or through special dedicated E-Learning centers with hundreds of terminal specially set up for easy reach to any participant round the clock, we can provide insurance agents in quality and quantity to mach the needs to the industry and tap the huge market potential.

INSURANCE TRAINING IN REGIONAL LANGUAGES
For the first time in Indian MKRC-TBG have brought out an insurance training program in Telugu and programs in Tamil, Kannada, Malayalam, Hindi, Urdu, and Marathi will follow. This major break through and should electrify the rural sector.

Mr. Raju continued MKRC-TBG are brining world class technology with a managerial dimension and will take up turnkey assignments to offer E-learning programs to banks, insurance companies, industry and educational institutions. Programs are customized to suit each companys needs. The rural sector is energized with program in rural languages."

Mr. Raju Concluded E-Learning is a revolutionary approach to bring insurance to the masses. The pace of growth will be phenomenal. There is no reason why India cannot achieve a ten fold growth in insurance business sooner than later

About The Boston Group
The Boston Group (TBG) is a global provider of IT & elearning solutions. Since 1988 it has delivered cost-effective solutions to a broad range of Fortune 1000 companies, Small to Mid-Size companies & Higher-Ed institutions through its development centers in U.S, India, Singapore, Malaysia & Philippines. For more information please visit
www.thebostongroup.com