COMPARISON OF NON-LIFE

INSURANCE PRODUCTS
ACROSS COMPANIES

PRESENTED
BY-

Sandeep Arora
 Non-Life Insurance
companies
Public Sector Private Sector
• New India Assurance Co. Ltd. • ICICI Lombard General Insurance
Co. Ltd.
• United India Insurance Co. Ltd. • Reliance General Insurance Co.
• Oriental Insurance Co. Ltd. Ltd.
• National Insurance Co. Ltd • IFFCO Tokyo General Insurance
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 Personal Business NRI Rural SME Industrial Liability Social
segments

ICICI
Lombard
   

New India
Assurance
    

Reliance
General
Insurance
  
 Mapping Categories Of
Products With Customer
Segments
Customer Personal
InBusiness
ICICI Lombard
NRI Rural
segments Segment Segment Segment
Segment

• Health • Fire • Health • Health

• Home • Marine • Parent’s • Home
Categories of • Overseas • Industrial overseas • Tractor
Products travel plan policy travel • Weather
• Student • Corporate • Student • Shop
medical medical
insurance
• Travel • Home
• Liability
insurance • Car
partners • Credit
• Shop
 Mapping Categories Of Products
With Customer Segments In New
India Assurance
Customer Personal Business Industrial Liability Social
segments

•Accident • Jewellers • Fire •Public •Rural

•House • Shop • Machine liability policy •Student
holders breakdown •Products safety
• Marine
•Motor policy • Burglary •Directors •Women
Categories of • Aviation welfare
Products •Money • Electronic & Officers
insurance equipment •Child
•Employers‘
•Road Safety welfare
•TV/VCR/VC
P
•Mobile
Mapping Categories Of Products
With Customer Segments In
Reliance General Insurance
Customer Personal Business SME
segments

• Health • Fire • Property

• Motor • Engineering • Fire
• Home • Package
Categories of • Travel • Marine • Marine
Products
• Accident • Liability • Health
cover
• Claim status
 Brands across the
Customer
companies
Personal Business/ industrial/ liability Rural/ social
segments
Motor Insurance: Fire insurance: Rural insurance:
Car insurance Fire and special perils policy (material damage) Tractor insurance
ICICI Two wheeler insurance Consequential Loss (Fire) Insurance Policy Weather insurance
Home insurance Marine insurance:
Lombard Marine Import Transit Insurance Policy
Marine Export Transit Insurance Policy
Marine Inland Transit Insurance Policy

Motor Insurance: Fire insurance: Rural insurance:

All type of vehicle plying on road Fire policy (One policy covering •Lift Irrigation Insurance
New India Home insurance: destruction or damage to insured property) •Farmers Package Insurance
Scheme
Assurance Householders’ policy Marine insurance:
Marine cum Erection /
Storage cum Erection Policy
Marine Cargo Policy

Motor Insurance: Fire insurance:

Two wheeler comprehensive Reliance Standard Fire and Special Perils Policy
Reliance Private car comprehensive Reliance Consequential Loss Policy

General
Insurance
Home Insurance:
Reliance home protect
House holders’ package
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 Personal Business NRI Rural SME Industrial Social
segments

Retail Retail Retail

Telesales Telesales Telesales Retail
ICICI Lombard Online Online Online
Bank bank Bank Bank

Retail Retail Retail Retail

Telesales Telesales Telesales Telesales
New India Online Online Online Online
Assurance Bank Bank Bank Bank

Retail Retail Retail

Reliance Telesales Telesales Telesales
General Online Online Online
Insurance Bank Bank Bank
Documents required In
ICICI general insurance
Customer Personal Business NRI Rural
segments

• Health • Fire • Student • Health

•
• Age proof
Medical checkup
•Address proof
• Market value
medical •Age proof
•Medical checkup after
after age of 45 •No document age of 45
•Value of jewelry and
Document furniture
• Home
for Home
•Market value •Market value
Products • Home •Copy of registry •Copy of registry

•
• Market value
Copy of registry • Marine •Car •Value of accessories

• Value of • Receipt •Registration certificate •Tractor

accessories •Bill of lading • Market value •Registration certificate
•builty •Old insurance • Market value
•Old insurance
Documents required In
Reliance General
Insurance
Customer Personal Business/ SME
segments
industrial/
liability
•Motor
Two/ four wheeler • Fire
RC  Proposal •Group insurance
Old insurance (if available)  Address proof No. of workers
 photograph of vehicle
Document s’  Last insurance policy
 Jewelery number
Proof of employment

required Health insurance

 Age proof • Marine
Medical certificate Builty
Residence proof
Bill of lading
Photograph
Receipt

Home insurance
List of accessiors
Copy of registry
 Documents required In
New India Assurance
Customer Personal Business/ Rural
segments
industrial/
liability
•Motor
Two/ four wheeler • Fire •Kisan Policy
RC  Proposal
Old insurance (if available) Residence proof
 Address proof
 photograph of vehicle inspection
Document s’  Last insurance policy
 Jewelery number
required Health insurance
 Age proof • Marine
Medical certificate Builty
Residence proof
Bill of lading
Photograph
Receipt

Home insurance
List of accessiors
Copy of registry