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| Trinity Mirror - Jan 21, 2002 |
| AMP Sanmar launch |
| Sanmar launches Assurance Company in city |
| Chennai, Jan 21: |
| India's leading business group Sanmar in a joint venture with leading Australian based financial services AMP launched its Assurance company in the city today. |
| Former President of India R. Venkataraman inaugurated the 'AMP Sanmar Assurance Company' at a function in the presence of Australian High commissioner to India Penelope Anne Wensley. |
| Chairman of Sanmar Group N.Sankar and Managing Director of AMP International were present during the launching. |
| Australian Cricket Captain Steve Waugh who had featured in the advertisement campaign for AMP Assurance company spoke via video at the inaugural said that the partnership between AMP and Sanmar would be great for the people of India providing them with quality insurance products and services to help them create better futures for their families. |
| AMP with over 150 years of expertise in life insurance and financial planning is joining Sanmar Group in this exercise, he noted. |
| Tim Wade, Managing Director of AMP International explained the company's commitment to the partnership and to its investment in India. |
| The joint venture project in which AMP holds 26 percent stake is an example of our commitment to our long term presence in the country, he said and added that AMP through joint effort brings in our expertise in agency distribution, excellence in manufacture and our leading customer service capabilities. |
| Chairman of Sanmar Group N. Sankar emphasised the company's commitment to making the AMP Sanmar joint venture highly successful. |
| Sanmar has an excellent track record with joint ventures including Emerson Electric, Tyco, Flowserve, Totalfina, FMC, Cabot. |
| AMP Sanmar will market life insurance and savings products through its initial force of 120 insurance advisors based in eight key metropolitan and other major cities across the country. |
| Chief Executive Officers S.V. Mony explained AMP Insurance products offer to the customers. |
| An advertising campaign featuring Australian Cricket Captain Steve Waugh as the company's brand ambassador commences this month. |
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