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Project report on iffco tokio general insurance

Top Every asset has a value and the business of general insurance is related to the protection of economic value of assets. Assets would have been created through the efforts of owner, which can be in the form of building, vehicles, machinery and other tangible properties. Since tangible property has a physical shape and consistency, it is subject to many risks ranging from fire, allied perils to theft and robbery.

Concepts of insurance have been extended beyond the coverage of tangible asset. Now the risk of losses due to sudden changes in currency exchange rates, political disturbance, negligence and liability for the damages can also be covered.

  • Motor Vehicles Act states that every motor vehicle plying on the road has to be insured, with at least Liability only policy;
  • Concepts of insurance have been extended beyond the coverage of tangible asset;
  • There are two types of policy one covering the act of liability, while other covers insurers all liability and damage caused to one's vehicles;
  • All these four subsidiaries of GIC competed with one another and underwrote various classes of general insurance business except aviation insurance of national airlines and crop insurance, which was handled by the GIC;
  • It provides cover, which takes care of medical expenses following hospitalization from sudden illness or accident;
  • There are two types of policy one covering the act of liability, while other covers insurers all liability and damage caused to one's vehicles.

But if a person judiciously invests in insurance for his property prior to any unexpected contingency then he will be suitably compensated for his loss as soon as the extent of damage is ascertained. Few of the General Insurance policies are: The home is most valued possession. The policy is designed to cover the various risks under a single policy. It provides protection for property and interest of the insured and family.

Project report on iffco tokio general insurance

It provides cover, which takes care of medical expenses following hospitalization from sudden illness or accident. This insurance policy provides compensation for loss of life or injury partial or permanent caused by an accident. This includes reimbursement of cost of treatment and the use of hospital facilities for the treatment.

  1. The policy is designed to cover the various risks under a single policy. Top Every asset has a value and the business of general insurance is related to the protection of economic value of assets.
  2. This report extracts all available information about iffco-tokio general insurance company limited from emis' database of company information the table of contents on the right indicates the categories of information that will be included in your report upon purchase iffco-tokio general insurance. Here's the marketing mix of iffco tokio general insurance company limited which is a private company associated with the insurance industry iffco tokio is a joint venture between tokio marine and nichido fire.
  3. Since tangible property has a physical shape and consistency, it is subject to many risks ranging from fire, allied perils to theft and robbery.

The policy covers the insured against various eventualities while traveling abroad. It covers the insured against personal accident, medical expenses and repatriation, loss of checked baggage, passport etc. This policy indemnifies the Directors or Officers or other professionals against loss arising from claims made against them by reason of any wrongful Act in their Official capacity.

Motor Vehicles Act states that every motor vehicle plying on the road has to be insured, with at least Liability only policy. There are two types of policy one covering the act of liability, while other covers insurers all liability and damage caused to one's vehicles. Since a single policy cannot meet all the insurance objectives, one should have a portfolio of policies covering all the needs 2. All these four subsidiaries of GIC competed with one another and underwrote various classes of general insurance business except aviation insurance of national airlines and crop insurance, which was handled by the GIC.