Everest insurance company


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Assignment, Fundamentals of Money Banking & Insurance, BBA-BI 2nd semester, Ace Institute of Management

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Everest insurance company

  1. 1. Submitted By: •Chhitiz ShresthaSubmitted To: •Satish KhadkaMr. Birendra Bist •Digaj AmatyaFMBI Insutructer •Zhang Peng •Leeza Shrestha •Reshma Shrestha •Malvika Shrestha
  2. 2. Introduction• Nepal’s leading general insurance company• Commenced operations in December 1993• Worked with Swire Blanch Asia Ltd., Singapore• History of over 15 years• Customer-driven service packages• Personalized service delivery
  3. 3. The Board Of DirectorsFrom L to R: Mr. Birendra K. Shah, Mr. Om Prakash Sikaria, Mr. Madhu Sudan Agrawal,Mr. Niranjan Tibrewala, Mr. Rajendra K. Khetan (CM), Mr. Ratan Lal Sanghai (VCM), Mr.Prem Prakash Khetan, Mr. Chandra Prakash Khetan, Mr. Rabi K. Tibrewala
  4. 4. Introduction• Clients – Business corporations – Development organizations – Individual customers
  5. 5. Mission, Vision and Objectives• Vision To be the insurer of choice, both in the national and international market, guided by World Standards.• Mission To deliver progressive and superior customer value, uphold the interests of human assets, provide sustained stakeholder returns, and stay abreast of social responsibility initiatives.
  6. 6. Mission, Vision and Values• Values – To deliver expert and innovative solutions in risk evaluation and risk mitigation alternatives; – To empower our organizational team to deliver personalized, professional and value-added services; – To work with passion, commitment, and due diligence; – To harness the capabilities of technology in product and service delivery
  7. 7. Why Everest Insurance?• Team of professionals• Prominent claims service• Reliable reinsurance support• Advisory service• Pioneer in travel insurance• Market leader in hydropower project insurance
  8. 8. Types of Everest General Insurances Marine Insurance Life Insurance Fire Insurance Types of Insurances Miscellaneus Avation Insurance Insurance
  9. 9. Types of insurance• Fire Insurance• Household Insurance• Marine Insurance• Motor Insurance• Engineering Insurance• Aviation Insurance• Other Insurances
  10. 10. Fire Insurance• The policy is extended to cover loss or damage arising from perils such as: – Earthquake – Riot, strike and malicious damage – Explosion – Storm, tempest, flood and landslip – Impact damage – Aircraft damage – Terrorism
  11. 11. Household Insurance• Insures household dwellings like – Computers – Ancillary equipments• Against perils such as – Fire – Natural calamities – Theft or attempted theft – Loss of rent or cost of alternative accommodation – Personal accidents
  12. 12. Marine Insurance• The policy is extended to cover loss or damage arising from perils such as: – Accidents – Stranding – Grounding, – Sinking – Burning
  13. 13. Marine Insurance – Collisions – Faults or errors in navigation – Heavy weather – Theft or Pilferage – Strikes or Natural perils
  14. 14. Motor Insurance• The policy is extended to cover loss or damage arising from perils such as: – Fire and lightning – External accident – External explosion – Theft or burglary – Natural calamities such as earthquake, flood, landslide, storm, etc.
  15. 15. Motor Insurance – Riot strike, – Malicious act, – Terrorism
  16. 16. Engineering Insurance• This covers machinery (electrical equipment, mechanical plant, process machinery) against unforeseen, sudden accidental physical loss or damage caused by:  – Carelessness – Short-circuit – Disruption – Structural defects, material defects or defects of assembly
  17. 17. Engineering Insurance – Fortuitous working accidents such as vibration, maladjustment – Loosening of parts, abnormal stresses, fatigue, centrifugal force, excessive speed – Defective or accidental lack of lubrication, seizure, water hammer or local overheating – Falling, impact, collision or similar occurrences – Obstruction or the entry of foreign bodies
  18. 18. Aviation Insurance• The Aviation Insurance covers the following: – Loss or damage to the aircraft (hull insurance), – Hull war – Third party liability, – Passenger’s legal liability, – Pilots loss of license
  19. 19. Miscellaneous Insurance• Money• Fidelity Guarantee• Burglary• Public Liability• Personal Accident• Medical Insurance - Domiciliary• Hospitalization
  20. 20. Miscellaneous Insurance• All Risk Insurance• Business Machine Insurance• Banker’s Indemnity Insurance• Travel Insurance
  21. 21. Contact info Head Office Branches Hattisar, P. O. Box 10675,  •Bishalbazar Kathmandu, Nepal  •Man Bhawan Tel : 01-4425758, •Biratnagar 4444717, 4444718 Fax : 977-1-4444366 •Birjung •Pokhara E-mail :  eveinsco@mos.com.np •Dharan Website:  •Butwal www.everestinsurance.com   •Narayangad h
  22. 22. The End