Three-Year Contract Secured from Public Sector Life Insurer for Policy Bond Printing and Fulfilment
Seshaasai has secured a three-year contract with a leading public sector life insurer for secure printing and handling of policy bond kits plus logistics.
By ScoutQuest · · 1 min read
- Contract Duration
- three-year contract
- Customer Type
- leading public sector life insurer
- Scope
- secure printing and handling of policy bond kits plus logistics
- Selection Method
- Won via tender as one of two successful bidders
- Revenue Structure
- Revenue will accrue as per actual volumes
What was announced
Seshaasai Technologies has secured a three-year contract with a leading public sector life insurance company for the secure printing and handling of policy bond kits, along with associated logistics services.
How it was won
- Awarded through a tendering process.
- Seshaasai emerged as one of the two successful bidders.
- It secured what the company describes as a significant share of the customer's business under the tender.
Revenue shape
Revenues under the engagement will accrue in line with actual allocations and volumes executed over the three-year contract period. So the value depends on the volumes the insurer routes to the company rather than on a fixed order size.
Relationship context
This is a continuation of an existing relationship. Seshaasai has been providing these services to the same customer for the past two years.
Business context
The company works largely with the banking, financial services and insurance sector, offering secure payment solutions, omnichannel communication and fulfilment services, alongside IoT-enabled solutions for other industries. Management framed the win as strengthening its position in secure, scalable communication and fulfilment solutions for BFSI clients.
What investors may watch
- Actual volumes allocated by the insurer, since revenue is volume-linked.
- Whether sharing the tender with a second bidder changes the share of work versus the past two years.
More numbers
- Contract durationthree-year
- Number of successful bidderstwo successful bidders
- Existing relationship with customerpast two years
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