JWT, Mudra, Ulka, Rediffusion in last lap for LIC ad account

The Life Insurance Corporation of India (LIC) has selected J Walter Thompson, Mudra Communications, FCB Ulka and Rediffusion TYR to manage its Rs 125 crore advertising account.

e4m by exchange4media Staff
Published: Aug 27, 2004 7:25 AM  | 3 min read
JWT, Mudra, Ulka, Rediffusion in last lap for LIC ad account

The Life Insurance Corporation of India (LIC) has selected J Walter Thompson, Mudra Communications, FCB Ulka and Rediffusion TYR to manage its Rs 125 crore advertising account.

In addition to the selected four agencies, the management has also kept another two names — Lintas and Grey Worldwide — for contingency purposes.

The empanelment will take place on August 31 based on the central management committee’s decision after individual agencies make their presentation. The committee comprises of the chairman, the two managing directors, zonal managers and heads of departments.

Ninety-nine ad agencies made a pitch for the LIC account, of which 13 were initially shortlisted. The appointed agencies will be asked to work exclusively for the state-owned insurance corporation, with the idea to ensure commitment and give an uplift to the corporation at a time when it is facing competition from private players.

This followed LIC deciding to do away with dealing with 45 agencies for its countrywide operations. Of the selected agencies, only Mudra Communications has been working for LIC for a long time.

LIC is seen as a lucrative account by the Rs 9,500-crore advertising industry, and one of the biggest today. Indian Oil Corporation’s ad budget exceeds that of LIC, while State Bank of India stands at about Rs 65-70 crore, Unit Trust of India at Rs 30 crore, Hindustan Petroleum Corporation and Bharat Petroleum Corporation, each at about Rs 50-60 crore.

Following the empanelment of the four agencies, the media buying will be given to the agency having the highest volume of business, whereby the corporation would benefit from the getting the cheapest price.

The advertising would be divided based on product and market segment. Different agencies would be asked to look after corporate and retail advertising.

Alternatively, LIC could also segregate the business depending upon different product segments like those for children and females, or that of term and endowment policies. Today LIC has 13 ad agencies at the national level and a host of others at each zonal level, taking the total figure to 45 agencies.

Some of the leading ad agencies currently empanelled include R K Swamy and Mudra. Earlier LIC also had O&M PR prior to privatisation.

However, when O&M bagged SBI Life Insurance account, it gave up LIC’s account since it is the usual ethical practice of many public relation (PR) agencies not to have two clients from the same sector.

The eligibility criteria for selecting an agency was that they ought to have a gross income of over Rs 25 crore, having dealt with large corporations in the public sector and having an all-India network with inhouse facilities to make creatives. LIC hopes to uplift its image and ensure greater accountability of those empanelled.

This decision is also in line with the Deloitte & Touche’s report that LIC’s ads have become stereo-type. It had recommended LIC opt for two or three agencies as is the practice worldwide. The earlier consultant — Booz, Allen & Hamilton — had also recommended LIC empanel only one agency.

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E4M Our strategy is to target younger audiences through Sports: Rajiv Dubey, Dabur

The Head of Media at Dabur India spoke exclusively to exchange4media on the World Cup, associating with Indian Idol, the company’s digital spending and much more

e4m by e4m Staff
Published: Oct 27, 2023 6:15 PM  | 1 min read
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With quirky campaigns, memes and moment marketing, timed with the ongoing World Cup and particularly the India-Pakistan matches, Dabur India has got considerable consumer attention for its popular brands – Red Paste, Cool King Hair Oil, Chyawanprash, Dabur Vita and the recently launched Bae Fresh Gel toothpaste.

The 140-year-old company is going big on key sporting events, World Television Premiere (WTP) movies and reality shows. It is now gearing up to become the title sponsor of popular talent show ‘Indian Idol’ on Sony TV for the first time, shared Rajiv Dubey, who leads the media strategy at Dabur.

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Swapan Seth's new book 'COOL' is out

The book is a reflection of the author's 'eclectic taste across categories'

e4m by e4m Staff
Published: Oct 27, 2023 6:07 PM  | 1 min read
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Advertising professional and art collector Swapan Seth has announced the launch of his new book COOL. The book is described as "a ready reckoner to the hip and the happening, of the known and the very unknown."

The book is a reflection of the author's "eclectic taste across categories: from boltholes to exotic hideaways."

COOL has been published by Simon & Schuster India and is available on Amazon.

Seth is an ad veteran with a long and illustrious career in the industry. He became the youngest-ever Creative Director at Clarion at age 24. He was VP at 26 at Trikaya Grey. Two years later, he started his agency Equus.

He writes for publications such as The Economic Times, Hindustan Times and India Today. This is his second book and he has previously published THIS IS ALL I HAVE TO SAY.

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Disney Star signs 9 sponsors for Asia Cup PAK

Charged by Thums Up, Nerolac Paint+, Amazon Pay, Jindal Panther, My11Circle, MRF, Samsung Galaxy Z Flip5, Wild Stone and Thums Up come on board

e4m by exchange4media Staff
Published: Aug 26, 2023 11:48 AM  | 1 min read
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e4m Staff Disney Star has signed nine broadcast and digital streaming sponsors for the upcoming Asia Cup.

Charged by Thums Up, Nerolac Paint+, Amazon Pay, Jindal Panther, My11Circle, MRF, Samsung Galaxy Z Flip5, Wild Stone and Thums Up have come on board for the upcoming tournament.
As reported earlier by exchange4media, Disney Star has sought Rs 26 crore for the co-presenting sponsorship on TV and Rs 30 crore for Disney+ Hotstar.

According to industry sources, the associate sponsorship on Star Sports has been priced at Rs 19.66 crore, whereas for the ‘powered by’ sponsorship on Disney+ Hotstar, the broadcaster is seeking Rs 18 crore.

As per the information available with exchange4media, Disney+ Hotstar has three sponsorship tiers-- co-presenting (Rs 30 crore), powered by (Rs 18 crore) and associate sponsorship (Rs 12 crore). The broadcaster is offering an estimated reach of 120-140 million for co-presenting sponsors, 90-100 million for powered by and 60-70 million for associate sponsorship.

A spot buy for 10 seconds has been priced at Rs 25 lakh for the India vs Pakistan matches, while for the non-India matches, the ad rate for 10 second is Rs 2.3 lakh. The India matches plus the final for ODIs has been priced at Rs 17 lakh per 10 seconds.

Asia Cup is scheduled to be held from 30 August, 2023, to September 17, 2023.

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Sorted 360 wins creative & social media mandate of Reliance Mall

The agency will manage offline and online campaigns for Reliance Mall

e4m by exchange4media Staff
Published: Aug 26, 2023 10:54 AM  | 1 min read
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Sorted 360, an integrated creative and social media agency, has won the mandate to providing brand solutions for Reliance Malls across India.

“Sorted 360 is set to enhance Reliance Malls' market presence with their unparalleled creative prowess and strategic thinking,” read a press release.

“Sorted 360's commitment to pushing the boundaries of creative communication aligns perfectly with Reliance Malls' ethos. With a pan-India presence spanning across 19 cities and growing, Reliance Malls has consistently captivated customers by offering an array of Reliance brands and third-party fashion & lifestyle brands. The mall has established an unparalleled connection with its patrons through superior quality, a remarkable value proposition, and an unmatched shopping experience,” it read further.

"We are thrilled to welcome Sorted 360 as our trusted partner in advancing our brand presence across the nation," said the Head of Marketing at Relaice Malls. "Their proven expertise in retail, shopping center management, and innovative creative strategies make them the perfect fit for our vision."

"Partnering with Reliance Malls is a testament to our commitment to shaping extraordinary brand experiences," remarked Prerana Anatharam, Co-founder of Sorted 360. "We are excited to leverage our strategic and creative acumen to further elevate Reliance Malls as the epitome of convenience, choice, and excellence."

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e4m by exchange4media Staff
Published: Aug 25, 2023 4:39 PM  | 1 min read

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e4m by exchange4media Staff
Published: Aug 25, 2023 4:38 PM  | 1 min read

KlugKlug onboards Hemang Mehta as Country Manager for Indias

Mehta was most recently Head of Agency Relationships at Network 18 Media & Investments

e4m by exchange4media Staff
Published: Aug 24, 2023 3:35 PM  | 1 min read
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KlugKlug has appointed Hemang Mehta as its Country Manager for India.

Mehta will play a pivotal role in driving KlugKlug's growth and expansion within the Indian market and be responsible for Sales & GTM Strategy

Prior to that, he has also represented organisations like Exponential (now VDX.tv), India Today Digital and Rediff.com. His expertise spans various domains including digital media sales, mobile marketing, media planning, and buying, social media marketing, and more.

Hemang Mehta expressed his enthusiasm about joining KlugKlug, saying, "I am thrilled to be a part of KlugKlug, a forward-thinking platform that is reshaping the influencer marketing landscape. As much as I look forward to collaborating with the exuberant team at KlugKlug, I am super excited to interact with the brands to deliver powerful data-backed Influencer solutions that will guarantee business outcomes."

Commenting on the appointment, Kalyan Kumar, Co-Founder and CEO of KlugKlug, stated, "We are excited to welcome Hemang Mehta to our team as the Country Manager for India. His extensive experience in digital media sales and marketing will be instrumental in driving our efforts to provide influencer marketing solutions to our clients. We believe Hemang's leadership will be key in scaling our operations and expanding our reach within the Indian market."

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