Everest insurance company

Submitted By:•Chhitiz Shrestha•Satish Khadka•Digaj Amatya•Zhang Peng•Leeza Shrestha•Reshma Shrestha•Malvika Shrestha

Submitted To:Mr. Birendra BistFMBI Insutructer

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 • Technology-focused operations

The Board Of Directors

From 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 

Introduction

• Clients– Business corporations– Development organizations– Individual customers

Mission, Vision and Objectives

• VisionTo be the insurer of choice, both in the national and international market, guided by World Standards.

• MissionTo deliver progressive and superior customer value, uphold the interests of human assets, provide sustained stakeholder returns, and stay abreast of social responsibility initiatives.

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 innovations.

Why Everest Insurance?

• Team of professionals• Prominent claims service• Reliable reinsurance support• Advisory service• Pioneer in travel insurance• Market leader in hydropower

project insurance

Types of Insurances

Marine Insurance

Fire Insurance

Avation Insurance

Miscellaneus Insurance

Life Insurance

Types of Everest General Insurances

Types of insurance

• Fire Insurance• Household Insurance• Marine Insurance• Motor Insurance• Engineering Insurance• Aviation Insurance• Other Insurances

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

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

Marine Insurance

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

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

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.

Motor Insurance

– Riot strike, – Malicious act,– Terrorism

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

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

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

Miscellaneous Insurance

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

Miscellaneous Insurance

• All Risk Insurance• Business Machine Insurance• Banker’s Indemnity Insurance• Travel Insurance

Head OfficeHattisar, P. O. Box 10675, Kathmandu, Nepal 

Tel : 01-4425758, 4444717, 4444718Fax : 977-1-4444366

E-mail : eveinsco@mos.com.np

Website: www.everestinsurance.com 

Branches•Bishalbazar•Man Bhawan•Biratnagar•Birjung•Pokhara•Dharan•Butwal•Narayangadh

Contact info

The End