Assignment, Fundamentals of Money Banking & Insurance, BBA-BI 2nd semester, Ace Institute of Management

1. Submitted By:
•Chhitiz Shrestha
Submitted To: •Satish Khadka
Mr. Birendra Bist •Digaj Amatya
FMBI 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 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

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

22. The End