COMPARISON OF NON-LIFE INSURANCE PRODUCTS ACROSS COMPANIES

PRESENTED BYSandeep Arora

Non-Life Insurance companies

Public Sector

Private Sector

Lombard General New India Assurance Co. Ltd. ICICI Insurance Co. Ltd. United India Insurance Co. Ltd. Reliance General Insurance Co. Oriental Insurance Co. Ltd. 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.

Introduction
ICICI Lombard General Insurance Co. Ltd.
74:26 joint venture. Number 1 private General Insurance Co. First general insurance co. to be ISO 9001 certified

New India Assurance Co. Ltd.

Leading global insurance group 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. Offering 94 customized insurance products catering to personal, 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 Personal Business NRI Rural SME Industrial Liability Social

New India Assurance

Reliance General Insurance

Mapping Categories Of Products With Customer Segments In ICICI Lombard

Customer segments

Personal Segment Health Home Overseas travel plan Student medical Travel insurance partners

Business Segment Fire Marine Industrial policy Corporate insurance Liability Credit Shop

NRI Segment Health Parents overseas travel Student medical Home Car

Rural Segment Health Home Tractor Weather Shop

Categories of Products

Mapping Categories Of Products With Customer Segments In New India Assurance

Customer segments

Personal

Business

Industrial

Liability

Social

Categories of Products

Accident House holders Motor policy Money insurance Road Safety TV/VCR/V CP Mobile

Jewellers
Shop Marine Aviation

Fire
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 Travel Accident cover Claim status

Business
Fire
Engineering Marine Liability

SME
Property Fire Package Marine Health

Categories of Products

Brands across the companies

Customer segments Personal
Motor Insurance: Car insurance Two wheeler insurance Home insurance

Business/ industrial/ liability

Fire insurance: Fire 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/ social
Rural insurance: Tractor insurance Weather insurance

ICICI Lombard

New India Assurance

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

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

Rural insurance: Lift Irrigation Insurance Farmers Package Insurance Scheme

Reliance General Insurance

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

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

N .A

Reliance Marine Cargo Insurance Policy

Sales And Distribution Channels

Retail
Direct Indirect
Brokers Agents

Bancassurance Telesales Online

Distribution channel of companies

Customer segments Personal
Retail Telesales Online Bank Retail Telesales Online Bank

Business
Retail Telesales Online bank Retail Telesales Online Bank

NRI
Retail Telesales Online Bank

Rural

SME

Industrial

Social

ICICI Lombard

Retail

Bank
Retail Telesales Online Bank Retail Telesales Online Bank

New India Assurance

Reliance General Insurance

Retail Telesales Online Bank

Retail Telesales Online Bank

Retail Telesales Online Bank

Documents required In ICICI general insurance

Customer segments

Personal Business

NRI
Student medical
No document

Rural
Health
Age proof Medical checkup after age of 45

Health
Age proof Medical checkup after age of 45

Fire
Address proof Market value Value of jewelry and furniture

Document for Products

Home
Market value Copy of registry

Home
Market value Copy of registry Value of accessories

Home
Market value Copy of registry Value of accessories

Marine
Receipt Bill of lading builty

Car
Registration certificate Market value Old insurance

Tractor
Registration certificate Market value Old insurance

Documents required In Reliance General Insurance

Customer segments

Personal

Business/ industrial/ liability

Fire
Proposal Address proof Last insurance policy

SME

Motor
Two/ four wheeler
RC Old insurance (if available) photograph of vehicle

Group insurance
No. of workers Proof of employment

Document s required

Jewelery number

Health insurance
Age proof Medical certificate Residence proof Photograph

Marine
Builty Bill of lading Receipt

Home insurance
List of accessiors Copy of registry

Documents required In New India Assurance

Customer segments

Personal

Business/ industrial/ liability

Fire
Proposal Address proof Last insurance policy

Rural

Motor
Two/ four wheeler
RC Old insurance (if available) photograph of vehicle

Kisan Policy
Residence proof inspection

Document s required

Jewelery number

Health insurance
Age proof Medical certificate Residence proof Photograph

Marine
Builty Bill of lading Receipt

Home insurance
List of accessiors Copy of registry