Everest insurance company

1. Submitted By: •Chhitiz ShresthaSubmitted To: •Satish KhadkaMr. Birendra Bist •Digaj AmatyaFMBI Insutructer •Zhang Peng •Leeza Shrestha •Reshma Shrestha •Malvika Shrestha

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. 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. Introduction• Clients – Business corporations – Development organizations – Individual customers

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. 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. 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. Types of Everest General Insurances Marine Insurance Life Insurance Fire Insurance Types of Insurances Miscellaneus Avation Insurance Insurance

9. Types of insurance• Fire Insurance• Household Insurance• Marine Insurance• Motor Insurance• Engineering Insurance• Aviation Insurance• Other Insurances

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. 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. Marine Insurance• The policy is extended to cover loss or damage arising from perils such as: – Accidents – Stranding – Grounding, – Sinking – Burning

13. Marine Insurance – Collisions – Faults or errors in navigation – Heavy weather – Theft or Pilferage – Strikes or Natural perils

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. Motor Insurance – Riot strike, – Malicious act, – Terrorism

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. 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. 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. Miscellaneous Insurance• Money• Fidelity Guarantee• Burglary• Public Liability• Personal Accident• Medical Insurance - Domiciliary• Hospitalization

20. Miscellaneous Insurance• All Risk Insurance• Business Machine Insurance• Banker’s Indemnity Insurance• Travel Insurance

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

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Business Insurance 101: Everything Your Business Needs

hings have changed a bit in business insurance since 1752, the year Benjamin Franklin started the Philadelphia Contributorship, the first property-insurance company in the United States.  At that time the main enemy to businesses was fire, and while fire still presents an important risk to businesses, it is hard to imagine that Benjamin Franklin ever anticipated some of the new things businesses need protection from. 

From cyberattacks to simple professional mistakes, the field of business insurance has become more important than ever, especially in terms of small businesses. Kevin Kerridge is a director at Hiscox, an international specialist insurance company, and heads up their division focused on serving small businesses in the US. Kevin knows all about the challenges small businesses face and which forms of insurance small businesses need.

"The first step is to make sure you understand what insurance you need depending on your type of business, and this varies widely,” said Kerridge. "It's amazing how many people skip this first step, or don't get the right advice and end up spending more than they need to while not being covered for the most common risks. If you are a small business you need to start by buying the coverage you really need, since your cash flow is king. To a small business, one claim can be crippling. It is not the damages, but rather it is the cost of defense that really hurts businesses."

What Kind Of Life Insurance Should You Get?

ou are deeply committed to keeping your loved ones safe, but have you ever lost sleep over who will keep them protected after you are gone? Do you ever wish you had a way to love beyond your lifetime and make sure they are cared for even after you pass away? Insurance professionals have the same concerns for their own families, and have consequently created a type of coverage that enables you to assuage those fears.

Life insurance is a type of coverage that pays out to your loved ones after you pass away. It can ensure that funeral expenses do not become a financial burden, that they have a cushion to settle on while they adjust to life without you, and that they can keep working towards financial goals such as paying off your mortgage or saving for college.

In the same way the protection you want to offer your family will likely differ from your neighbors, life insurance policies are not one-size-fits-all. There are two types of life insurance coverage: term insurance and whole insurance. Term insurance expires after a certain date, is more affordable, and pays out a death benefit. It is great if you are looking for a less expensive, shorter-term coverage.

Whole insurance does not expire; it continues to cover until you pass away and builds cash value during that time. Whole insurance has flat premiums that will not change over the life of the policy, and ensures that you will not outlive your policy even if you enjoy a century or more on this earth.

An expert can help you determine which type of life insurance will be best for you in both the short and long term. Contact Global Financial & Insurance Services in Irving for all of your Texas life insurance needs. We are here to get your family the policy and protection they deserve. Do not wait; call us today!

Pay A Fair Rate For Auto Insurance With The Help Of These Methods

When getting car insurance policy make certain to be sincere in every method to the best of your understanding. If you are to be in a crash and also your insurance company discovers that you were untruthful in anyway they can deny you and also anybody influenced by the event from declaring anything versus them.

Do not choose the initial auto insurance policy company that you find. You may be missing out on unique discounts or rewards. As an example, some insurance companies offer discounted costs for accident-free drivers, or for people of particular occupations. Some also give price cuts to college students that maintain excellent grades.

If you fund your automobile, your lender might have needs controling the level of auto insurance you should maintain during the period of the financing. Typically, the needs relate to just how high you can have your deductible. Check with your lender prior to signing a new plan to avoid any sort of problems.

If you require auto insurance coverage make certain that you go as well as obtain greater than one quote. The insurance industry differs commonly in quotes so do not simply visit one firm for an insurance coverage estimation. At least go to three as a minimum to ensure that your quotes remain in line with each various other.

Be aware of your yearly mileage when talking to an agent. You’ll be astonished at how much of a difference there is in between an individual who rarely drives in order to somebody that commutes daily over fars away. So prior to you go consult with a representative, ensure you have a price quote of how much you drive per year.

Obtain brand-new quotes on your auto insurance when your scenario adjustments. If you buy or market a vehicle, include or subtract teen drivers, or get points included in your permit, your insurance coverage costs change. Given that each insurance company has a various formula for finding out your costs, always obtain new quotes when your situation changes.

Many people today are purchasing their vehicle insurance coverage through the Web, however you need to keep in mind not to be trapped by a beautiful site. Having the best internet site in business does not indicate a firm has the best insurance policy in business. Compare the black and also white, the information. Do not be fooled by elegant design features as well as brilliant shades.

Discover and also recognize the different kinds of car insurance protection. When it comes to selecting a plan, you will recognize just what you require as well as exactly what is proper for keeping a lower rate. You could choose the insurance coverage that is customized to your requirements without being perplexed of what sort of insurance you require.

As you can see, there’s more to a vehicle insurance plan than the price. See to it you keep these things in mind as you select your insurance policy service provider, to make certain that you don’t obtain a plan that does not come through when you need it to. Keep this write-up useful