Non Life Insurance Ppt

COMPARISON OF NON-LIFE INSURANCE PRODUCTS ACROSS COMPANIES PRESENTED BYSandeep Arora

Non-Life Insurance companies Public Sector • • • •

Private Sector

• ICICI Lombard General Insurance Co. Ltd. United India Insurance Co. Ltd. • Reliance General Insurance Co. Ltd. Oriental Insurance Co. Ltd. • IFFCO Tokyo General Insurance National Insurance Co. Ltd Co. Ltd. • Bajaj Allianz General Insurance Co. Limited • TATA AIG General Insurance Co. Limited • Cholamandalam General Insurance Co. Ltd. • HDFC General Insurance Co. Ltd. • Royal Sundaram Alliance Insurance Co. Ltd. New India Assurance Co. Ltd.

Introduction • ICICI Lombard General Insurance Co. Ltd. •

74:26 joint venture.

•

Number 1 private General Insurance Co.

•

First general insurance co. to be ISO IS O 9001 certified

• New India Assurance Co. Ltd. •

Leading global insurance group

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Only Indian insurance co. rated ‘A-’ excellent by international rating agency i.e. A.M. Best Co.

• Reliance General Insurance Co. Ltd. •

Leading private general insurance co.

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Offering 94 customized insurance insurance products products catering to personal, personal, business business & small and medium enterprises

Customer Segments • Personal • Business/Industrial • Liability • NRI • Social/Rural • SME

Mapping Categories Of Products With Customer Segments Across Cos.

Customer  segments ICICI Lombard

New India Assurance

Reliance General Insurance

Personal

Business

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NRI

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Rural

SME

Industrial

Liability

Social

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Mapping Categories Of  Products With Customer Segments InBusiness ICICI Lombard Customer  Personal NRI Rural segments

Segment

• Health • Home Categories of  • Overseas travel plan Products • Student medical • Travel insurance partners

Segment

Segment

Segment

• Fire • Marine • Industrial policy • Corporate insurance • Liability • Credit

• Health • Parent’s overseas travel • Student medical • Home • Car 

• Health • Home • Tractor  • Weather  • Shop

• Shop

Mapping Categories Of Products With Customer Segments In New India Assurance

Customer  segments

Personal

•Accident •House holders •Motor policy Categories of  •Money Products insurance •Road Safety •TV/VCR/VC P •Mobile

Business

Industrial

Liability

Social

• Jewellers

• Fire

• Shop • Marine • Aviation

• Machine breakdown • Burglary • Electronic equipment

•Public liability policy •Products •Directors & Officers •Employers‘

•Rural •Student safety •Women welfare •Child welfare

Mapping Categories Of Products With Customer Segments In Reliance General Insurance Customer  segments

Personal

• Health • Motor  • Home Categories of  • Travel Products • Accident cover  • Claim status

Business

SME

• Fire

• Property • Fire • Package • Marine • Health

• Engineering • Marine • Liability

Customer  segments

ICICI Lombard

New India Assurance

Reliance General Insurance

Brands across the companies Personal

Motor Insurance: Car insurance Two wheeler insurance Home insurance

Motor Insurance: All type of vehicle plying on road Home insurance: Householders’ policy

Motor Insurance: wheeler comprehensive Private car comprehensive Home Insurance: Reliance home protect House holders’ package

Two

Business/ industrial/ liability

Rural/ social

Fire insurance: and special perils policy (material damage) Consequential Loss (Fire) Insurance Policy Marine insurance: Marine Import Transit Insurance Policy Marine Export Transit Insurance Policy Marine Inland Transit Insurance Policy

Rural insurance: insurance Weather insurance

Fire

Fire insurance: Fire policy (One policy covering destruction or damage to insured property) Marine insurance: Marine cum Erection / Storage cum Erection Policy Marine Cargo Policy

Tractor

Rural insurance: •Lift Irrigation Insurance •Farmers Package Insurance Scheme

Fire insurance: Standard Fire and Special Perils Policy Reliance Consequential Loss Policy

Reliance

Marine insurance:

Reliance Marine Cargo Insurance Policy

N .A

Sales And Distribution Channels • Retail 

Direct



Indirect  Brokers  Agents

• Bancassurance • Telesales • Online

Distribution channel of  companies Customer  segments

Personal

Business

NRI

Retail Telesales Online Bank

Retail Telesales Online bank

Retail Telesales Online Bank

New India Assurance

Retail Telesales Online Bank

Retail Telesales Online Bank

Reliance General Insurance

Retail Telesales Online Bank

Retail Telesales Online Bank

ICICI Lombard

Rural

SME

Industrial

Social

Retail Telesales Online Bank

Retail Telesales Online Bank

Retail Bank

Retail Telesales Online Bank

Documents required In ICICI general insurance Customer  segments

Personal Business •

Health •

•

Document for  Products

• • • •

Age proof  Medical checkup after age of 45

• Fire •Address proof  • Market value •Value of jewelry and furniture

Home Market value Copy of registry Value of  accessories

• Marine • Receipt •Bill of lading •builty

NRI

Rural

• Student medical

• Health

•No document

•Age proof  •Medical checkup after  age of 45

• Home

Home

•Market value •Copy of registry

•Market value •Copy of registry •Value of accessories

•Car 

•Tractor 

•Registration certificate • Market value •Registration certificate •Old insurance • Market value •Old insurance

Reliance General Insurance Customer  segments

Personal

Business/ industrial/ liability

SME

•Motor  Two/ four wheeler  RC Old

Document s’ required

insurance (if available)  photograph of vehicle

• Fire 

Proposal  Address proof   Last insurance policy 

Jewelery number 

Health insurance 

Age proof  Medical certificate Residence proof  Photograph

Home insurance List

of accessiors Copy of registry

• Marine Builty Bill

of lading Receipt

•Group insurance No.

of workers Proof of employment

Documents required In New India Assurance Customer  segments

Personal

Business/ industrial/ liability

Rural

• Fire

•Kisan Policy

•Motor  Two/ four wheeler  RC Old

Document s’ required

insurance (if available)  photograph of vehicle



Proposal  Address proof   Last insurance policy 

Jewelery number 

Health insurance 

Age proof  Medical certificate Residence proof  Photograph

Home insurance List

of accessiors Copy of registry

• Marine Builty Bill

of lading Receipt

Residence

proof  inspection