General Insurance Companies Presented by-: APURV GOURAV [email_address]
Insurance <ul><li>We face a lot of risks in our daily lives. Some of these lead to financial losses. Insurance is a way of...
General Insurance <ul><li>Insurance other than ‘Life Insurance’ falls under the category of General Insurance. General Ins...
The non-life insurance sector is on an upswing! The non-life insurance industry in India has grown by over 16 % p.a. over ...
Big Companies of General Insurance  <ul><li>Bajaj Allianz </li></ul><ul><li>ICICI Lombard </li></ul><ul><li>Tata Aig </li>...
Bajaj Allianz <ul><li>Bajaj Allianz General Insurance Company Limited is a joint venture between Bajaj Auto Limited and Al...
Travel Insurance
Health Insurance
Corporate Insurance
<ul><li>  Features </li></ul><ul><ul><ul><ul><li>Assured best deals on your Motor Insurance  </li></ul></ul></ul></ul><ul>...
Cont…… <ul><li>Benefits </li></ul><ul><li>Save on your Motor Insurance policy  </li></ul><ul><li>Instant claims assistance...
New product  <ul><li>Karur Vysya Bank and Bajaj Allianz General Insurance Company Ltd. jointly launched a co-branded gener...
ICICI - Lombard <ul><li>ICICI Lombard General Insurance Company Limited is a 74:26 joint venture between ICICI Bank Limite...
ICICI - Lombard <ul><li>Dealing in three sector-: </li></ul><ul><li>Health insurance-:   </li></ul><ul><li>A health insura...
Cont…. <ul><li>Motor Insurance -: </li></ul><ul><li>Motor insurance protects you and your vehicle against every comprehens...
Cont…. <ul><li>Home insurance-: </li></ul><ul><li>It is imperative that you secure your home from natural and man-made cat...
New product of ICICI-Lombard <ul><li>Health insurance -:  </li></ul><ul><li>standard insurance policy </li></ul><ul><li>Mo...
TATA-AIG <ul><li>Tata AIG General Insurance Company Ltd. is a joint venture company, between Tata Sons  and American Inter...
TATA - AIG <ul><li>Dealing in three sector  </li></ul><ul><li>Individual  </li></ul><ul><li>Small business </li></ul><ul><...
Individual   &quot;Every stage of life, you are open to immense risk and immense opportunity and Tata AIG has the ideal bo...
Small business <ul><li>Tata AIG offers a comprehensive risk solution through  various Multiline Package Policies </li></ul...
Corporate <ul><li>&quot;From blue chips to local marketers, whatever the size of your business, Tata AIG has the insurance...
National Insurance Company Limited <ul><li>National Insurance   Company Limited  was incorporated in 1906 with its  Regist...
Policies <ul><li>Personal line Insurance </li></ul><ul><li>Rural Line Insurance  </li></ul><ul><li>Industrial Line Insuran...
<ul><li>Medicare plans </li></ul><ul><li>Critical illness </li></ul><ul><li>Personal accident plan </li></ul><ul><li>House...
2.RURAL LINE INSURANCE
<ul><li>It is for safe of various risk faced by industries. </li></ul><ul><li>It is of two type:- </li></ul><ul><ul><li>Pr...
<ul><li>It covers different trades transport,bank etc as these are risk involve so as to project them commercial line insu...
The Oriental Insurance Company Ltd. <ul><li>The Oriental Insurance Company Ltd was incorporated at Bombay on 12th Septembe...
Product <ul><li>Motor Cycle Package Policy  </li></ul><ul><li>Office Umbrella Policy  </li></ul><ul><li>Private Car Packag...
New India Assurance Company Ltd. <ul><li>Established by Sir Dorab Tata in 1919, New India is the first fully Indian owned ...
Product <ul><li>Personal </li></ul><ul><li>Commercial  </li></ul><ul><li>Industrial </li></ul><ul><li>Liability </li></ul>...
SUMMARIZED <ul><li>DEVELOPMENT OF INSURANCE SECTOR </li></ul><ul><li>NATIONALIZATION </li></ul><ul><li>LIC (1956) </li></u...
GIC History………. <ul><li>DURING NATIONALIZATION </li></ul><ul><li>TOTAL 107 COMPANY </li></ul><ul><li>63 ARE DOMESTIC </li>...
MARKET SHARE OF GIC 1% GIC 32% NEW INDIA 20% NATIONAL 22% ORIENTAL 25% UNITED % SHARE COMPANY
STATEMENT OF GROSS PREMIUM & PROFIT 729 10772 2000-01 1153 9982 1999-00 1467 9158 1998-99 1623 8066 1997-98 1084 7348 1996...
GROWTH OF GIC BUSINESS 100 24.42 21.42 19.85 18.22 16.08 %total 502696 122731 107712 99822 91575 80856 Net prem. 100 20 23...
THANK YOU
Upcoming SlideShare
Loading in …5
×

Various general insurance companies and its policies

16,166 views

Published on

Genereal insurance company in India and its policies.

Published in: Business, Economy & Finance
0 Comments
6 Likes
Statistics
Notes
  • Be the first to comment

No Downloads
Views
Total views
16,166
On SlideShare
0
From Embeds
0
Number of Embeds
58
Actions
Shares
0
Downloads
710
Comments
0
Likes
6
Embeds 0
No embeds

No notes for slide

Various general insurance companies and its policies

  1. 1. General Insurance Companies Presented by-: APURV GOURAV [email_address]
  2. 2. Insurance <ul><li>We face a lot of risks in our daily lives. Some of these lead to financial losses. Insurance is a way of protecting against these financial losses. For a payment (premium), an insurance company will take the responsibility of compensating your financial losses </li></ul>
  3. 3. General Insurance <ul><li>Insurance other than ‘Life Insurance’ falls under the category of General Insurance. General Insurance comprises of insurance of property against fire, burglary etc </li></ul>
  4. 4. The non-life insurance sector is on an upswing! The non-life insurance industry in India has grown by over 16 % p.a. over the last 5 years. There is a vast business potential that lies untapped, as more and more cities enter the development phase…. Mr. Yogesh Lohiya, Chairman-cum-Managing Director of gic
  5. 5. Big Companies of General Insurance <ul><li>Bajaj Allianz </li></ul><ul><li>ICICI Lombard </li></ul><ul><li>Tata Aig </li></ul><ul><li>National insurance </li></ul><ul><li>New India Assurance </li></ul><ul><li>Oriental insurance </li></ul>
  6. 6. Bajaj Allianz <ul><li>Bajaj Allianz General Insurance Company Limited is a joint venture between Bajaj Auto Limited and Allianz SE. Both enjoy a reputation of expertise, stability and strength </li></ul>Bajaj Allianz today has a network presence in over 200 towns spread across the length and breadth of the country. From Surat to Siliguri and Jammu to Thiruvananthapuram, all the offices are interconnected with the Head Office at Pune.
  7. 7. Travel Insurance
  8. 8. Health Insurance
  9. 9. Corporate Insurance
  10. 10. <ul><li> Features </li></ul><ul><ul><ul><ul><li>Assured best deals on your Motor Insurance </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Fair and Faster claims settlement Discounts on back to back accident free years </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Instant online renewal and issuance of your Motor Policy </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Quick service on breakdown/accident with instant claim status updates </li></ul></ul></ul></ul><ul><ul><ul><ul><li>24x7 customer assistance for all product queries and claims information. </li></ul></ul></ul></ul>Motor Insurance
  11. 11. Cont…… <ul><li>Benefits </li></ul><ul><li>Save on your Motor Insurance policy </li></ul><ul><li>Instant claims assistance and instant updates on your claim status on sms though our 24x7 call centers </li></ul><ul><li>Towing facility in an event of a breakdown/accident </li></ul><ul><li>0% EMI option available on payment through Citibank Credit Card </li></ul><ul><li>24/7 service by phone or online-even on holidays </li></ul>
  12. 12. New product <ul><li>Karur Vysya Bank and Bajaj Allianz General Insurance Company Ltd. jointly launched a co-branded general insurance product called KVB Suraksha here on Friday. </li></ul>
  13. 13. ICICI - Lombard <ul><li>ICICI Lombard General Insurance Company Limited is a 74:26 joint venture between ICICI Bank Limited and the Canada based $ 26 billion Fairfax Financial Holdings Limited. ICICI Bank is India's second largest bank </li></ul><ul><li>Lombard Canada Ltd, a group company of Fairfax Financial Holdings Limited, is one of Canada's oldest property and casualty insurers. ICICI Lombard General Insurance Company received regulatory approvals to commence general insurance business in August 2001. </li></ul>
  14. 14. ICICI - Lombard <ul><li>Dealing in three sector-: </li></ul><ul><li>Health insurance-: </li></ul><ul><li>A health insurance policy will provide a cover to you and your family against sudden medical contingency or bodily injury. </li></ul><ul><li>Why health insurance </li></ul>
  15. 15. Cont…. <ul><li>Motor Insurance -: </li></ul><ul><li>Motor insurance protects you and your vehicle against every comprehensible risk related to your vehicle – theft or damage to it, death of the driver and passengers in an accident, and damage caused by your vehicle to another person or property. </li></ul><ul><li>Why do I need motor insurance </li></ul>
  16. 16. Cont…. <ul><li>Home insurance-: </li></ul><ul><li>It is imperative that you secure your home from natural and man-made catastrophes. </li></ul><ul><li>The maximum coverage is up to Rs. 1,00,000 for up to 6 months. The cover is available only if you are insuring the structure of your home. </li></ul>
  17. 17. New product of ICICI-Lombard <ul><li>Health insurance -: </li></ul><ul><li>standard insurance policy </li></ul><ul><li>Motor insurance-: </li></ul><ul><li>Package (comprehensive) policy </li></ul>
  18. 18. TATA-AIG <ul><li>Tata AIG General Insurance Company Ltd. is a joint venture company, between Tata Sons  and American International Group </li></ul><ul><li>Tata AIG General Insurance Company, which started its operations in India on January 22, 2001 offers the complete range of general insurance for automobile, home, personal accident, travel, energy, marine, property and casualty, as well as several specialized financial lines. </li></ul>
  19. 19. TATA - AIG <ul><li>Dealing in three sector </li></ul><ul><li>Individual </li></ul><ul><li>Small business </li></ul><ul><li>Corporate </li></ul>
  20. 20. Individual &quot;Every stage of life, you are open to immense risk and immense opportunity and Tata AIG has the ideal bouquet of insurance products for each of those risks and opportunities.“ Motor Home Accident & Health Travel
  21. 21. Small business <ul><li>Tata AIG offers a comprehensive risk solution through various Multiline Package Policies </li></ul><ul><li>Society Policy </li></ul><ul><li>Office Policy </li></ul><ul><li>Manufacturing Unit - Package Policy </li></ul>
  22. 22. Corporate <ul><li>&quot;From blue chips to local marketers, whatever the size of your business, Tata AIG has the insurance you are looking for.” </li></ul><ul><li>Accident & Health </li></ul><ul><li>Travel </li></ul><ul><li>Energy </li></ul><ul><li>Property </li></ul><ul><li>Marine </li></ul>
  23. 23. National Insurance Company Limited <ul><li>National Insurance Company Limited was incorporated in 1906 with its Registered office in Kolkata . Consequent to passing of the General Insurance Business Nationalisation Act in 1972, 21 Foreign and 11 Indian Companies were amalgamated with it and National became a subsidiary of General Insurance Corporation of India (GIC) which is fully owned by the Government of India </li></ul>
  24. 24. Policies <ul><li>Personal line Insurance </li></ul><ul><li>Rural Line Insurance </li></ul><ul><li>Industrial Line Insurance </li></ul><ul><li>Commercial Line Insurance </li></ul>
  25. 25. <ul><li>Medicare plans </li></ul><ul><li>Critical illness </li></ul><ul><li>Personal accident plan </li></ul><ul><li>House hold </li></ul><ul><li>Nivas yojna </li></ul>1. PERSONAL LINE INSURANCE
  26. 26. 2.RURAL LINE INSURANCE
  27. 27. <ul><li>It is for safe of various risk faced by industries. </li></ul><ul><li>It is of two type:- </li></ul><ul><ul><li>Project insurance </li></ul></ul><ul><ul><li>Operational insurance </li></ul></ul><ul><ul><li>EX:-Machine insurance policy </li></ul></ul><ul><ul><li>Electronic equipment policy </li></ul></ul><ul><ul><li>Fire policy </li></ul></ul>INDUSTRIAL LINE INSURANCE
  28. 28. <ul><li>It covers different trades transport,bank etc as these are risk involve so as to project them commercial line insurance used. </li></ul>COMMERCIAL LINE INSURANCE
  29. 29. The Oriental Insurance Company Ltd. <ul><li>The Oriental Insurance Company Ltd was incorporated at Bombay on 12th September 1947. The Company was a wholly owned subsidiary of the Oriental Government Security Life Assurance Company Ltd and was formed to carry out General Insurance business. </li></ul><ul><li>The Oriental Insurance Company has been enjoying the highest rating from leading Indian credit rating agencies CRISIL and ICRA. The Company has also been rated as B++(Very Good) by AM Best, an international rating agency </li></ul>
  30. 30. Product <ul><li>Motor Cycle Package Policy </li></ul><ul><li>Office Umbrella Policy </li></ul><ul><li>Private Car Package Policy </li></ul><ul><li>Shopkeeper's Insurance Policy </li></ul>
  31. 31. New India Assurance Company Ltd. <ul><li>Established by Sir Dorab Tata in 1919, New India is the first fully Indian owned insurance company in India. </li></ul><ul><li>New India is a pioneer among the Indian Companies on various fronts, right from insuring the first domestic airlines in 1946 to satellite insurance in 1990. The latest addition to the list of firsts is the insurance of the INSAT-2E. </li></ul>
  32. 32. Product <ul><li>Personal </li></ul><ul><li>Commercial </li></ul><ul><li>Industrial </li></ul><ul><li>Liability </li></ul><ul><li>Social </li></ul>
  33. 33. SUMMARIZED <ul><li>DEVELOPMENT OF INSURANCE SECTOR </li></ul><ul><li>NATIONALIZATION </li></ul><ul><li>LIC (1956) </li></ul><ul><li>GIC (1 st Jan 1973) </li></ul>
  34. 34. GIC History………. <ul><li>DURING NATIONALIZATION </li></ul><ul><li>TOTAL 107 COMPANY </li></ul><ul><li>63 ARE DOMESTIC </li></ul><ul><li>44,FOREIGN COs </li></ul>
  35. 35. MARKET SHARE OF GIC 1% GIC 32% NEW INDIA 20% NATIONAL 22% ORIENTAL 25% UNITED % SHARE COMPANY
  36. 36. STATEMENT OF GROSS PREMIUM & PROFIT 729 10772 2000-01 1153 9982 1999-00 1467 9158 1998-99 1623 8066 1997-98 1084 7348 1996-97 831 6377 1995-96 503 5271 1994-95 PROFIT (in cr.) GROSS PREM. (in cr) YEAR
  37. 37. GROWTH OF GIC BUSINESS 100 24.42 21.42 19.85 18.22 16.08 %total 502696 122731 107712 99822 91575 80856 Net prem. 100 20 23 21 18 16 %total 442491 88504 102721 93634 84025 73571 Gr dir prem. Total 02-03 00-01 99-00 98-99 1997-98 year
  38. 38. THANK YOU

×