HCL Tech inks $200-mn pact with UK-based insurance co
The country's fourth largest software exporter, HCL Technologies, today said it has bagged a USD-200 million contract from the UK-based insurance firm Equitable Life Assurance Society.
HCL would provide complete solution to the company, including policy administration, finance, IT operational support and call center services, a HCL statement said.
The deal is expected to help Equitable Life save about eight million pounds in costs in the first year.
"Future savings and predictability of costs mean Equitable Life can reduce its provision for future costs by an amount in excess of 100 million pound, the statement added.