Aditya Birla General Insurance Company
Aditya Birla General Insurance Company Limited Overview
Aditya Birla Insurance Brokers Limited (ABIBL), incorporated in 2001, is one of India's leading composite insurance brokers, which is licensed by the Insurance Regulatory and Development Authority of India (IRDAI) in the year 2003. It has been awarded with the prestigious ISO 9001:2015 Certification for Quality Management Systems. ABIBL is a subsidiary of Aditya Birla Capital Ltd (ABCL), which is a joint venture between Aditya Birla Group and MMI Holdings of South Africa.
The general insurance company specializes in providing integrated insurance broking and advisory services to companies and individuals by way of Retail Solutions and Corporate Solutions. ABIBL also offers reinsurance solutions to insurance companies and has developed strong relations with Indian as well as global insurers operating in India, South Asia, Middle East and South-East Asia.The organisation gives a comprehensive suite of insurance products that ranges from Motor Insurance, Health Insurance, and Travel Insurance.
Aditya Birla Insurance Company Statistics
Over the years Aditya Birla Insurance Brokers Limited (ABIBL) has built a robust technology infrastructure and operates within a very strong compliance and governance framework. The company's biggest strength is it's 400+ people strong human capital across 26 locations across India. The company functions with an aim to simplify the processes of insurance for patrons. Our objective is to offer cost-effective and personalised insurance claims management solutions with a combination of expertise and experience. In addition to these offerings, the company possesses some notable figures in its name as well, which are given below:
Claim Settlement Ratio
Aditya Birla Insurance Company Financials
The market share of Aditya Birla Insurance Brokers Limited has grown from 2.11% in fiscal year Q3-FY18 to 2.37% in Q3-FY19 as per the General Insurance Council. The general insurance company reported a huge amount of revenues of over Rs. 341 crore. in Q3 FY19 and premium of Rs. 2922 crore in nine months FY 2018-19. The company owns an authorized share capital of Rs. 3 crore and paid-up capital of Rs. 2.7 crore.
Why Should You Choose Aditya Birla Insurance Company?
Aditya Birla Insurance Company comes with a range of beneficial features and benefits, which provide assistance to its policyholders to enjoy its insurance policy in an easier manner. The components of this general insurance firm that makes it a better choice for insurance seeking customers are as follow:
Claim Settlement Process
The general insurance company provides a simple and quick process for the settlement of claims. The firm simplifies the claim settlement process with no or little documentation. The firm secured a claim settlement ratio of 72.80% in the financial year 2018-19.
Fast Policy Renewal
Aditya Birla Insurance Company offers the system to renew the insurance plans online to its policyholders. To renew the insurance cover you have to enter a few basic details of the insurance policy such as policy number, proposer’s date of birth and so on. It also allows its policyholders to check the renewal status of their insurance plans.
Easy to get a policy quote
The policyholders of the general insurance company can easily find the insurance policy quote at the website of Aditya Birla Insurance Company by just choosing the type of policy you are looking for and answering a few more questions based on your budget and requirements as well.
Awards and Achievements of Aditya Birla Insurance Company
Aditya Birla Insurance Company provides exceptional customer service, top-notch technological implementation and unparalleled contribution towards the insurance industry which has made it get various awards and achievements. Some of the firm’s awards and recognitions are listed below:
- AON Best Employer Award in 2018
- India CSR award for innovation and leadership in 2018
- Certificate of Achievement from the Society for Human Resource Management (SHRM).
Aditya Birla Insurance Company Product Portfolio
Aditya Birla Motor Insurance Policy
Aditya Birla Insurance Company provides motor insurance policies that are framed to provide compensation to third party liability along with the damage and loss incurred by the insured vehicle which may be caused due to accident, theft, natural calamities and man-made disasters. The motor insurance plan offers coverage for two-wheelers, private cars, and commercial vehicles. The motor insurance comes with various add-on covers that can be opted as per the budget and requirements. The company gives personal accident cover for the owner or driver to cover against accidental death or total or partial disability. However, it also offers personal accident cover for passengers.
Aditya Birla Health Insurance Policy
Aditya Birla Health Insurance includes a host of insurance policies which are designed to provide coverage for healthcare expenses which may arise due to a planned or emergency hospitalisation. The firm provides numerous health insurance plans that comprise Activ Assue Diamond Plan, Activ Health Platinum Plan, Activ Assure Plan, Activ Care Plan, Activ Secure Plan and so on. These policies are loaded with various benefits like in-patient treatment, daycare procedures, out-patient treatment, domiciliary hospitalisation, and so on. Also, with the Aditya Birla health insurance plans, the policyholders can avail tax benefits under the section 80D of the Income Tax Act 1961.
Aditya Birla Travel Insurance Policy
The Aditya Birla travel insurance plan enables its policyholders to compare and purchase the best travel insurance plan which suits their requirements. With a sufficient and holistic insurance cover offered by the company, the policyholders can avail your travel plans to the fullest. The travel insurance plans provide comprehensive coverage for worldwide travel protection. The company gives different travel insurance plans with round the clock assistance and easy claim settlement process to cover checked-in baggage loss or baggage delay, loss of passport, hijacking related damages, trip delay or cancellation, automatic-extension of the cover, and so on.
Aditya Birla Insurance Company Distribution Network
Aditya Birla Insurance Company has built a strong technology infrastructure over the years and operates within a very strong compliance and governance framework. The company’s biggest strength is it’s 400+ people strong human capital across 26 locations across India. The company plans to have a multi-channel distribution model across agency, broking, bancassurance, direct marketing, online channel and more.
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Aditya Birla General Insurance Company FAQs
What types of insurance policies are offered by Aditya Birla Insurance Company?
The Aditya Birla Insurance Company offers various types of insurance covers to its customers that include motor insurance, health insurance, travel insurance, and so on.
What is the Claim Settlement Ratio of Aditya Birla Insurance Company?
The Claim Settlement Ratio of Aditya Birla Insurance Company is 72.80% for the financial year 2018-19.
How many cashless facilities are offered by Aditya Birla Insurance Company?
The Aditya Birla Insurance Company owns 7,000+ network hospitals in its network where policyholders can get cashless facilities for medical treatment.
Does Aditya Birla Insurance Company provide any mobile app for online solutions?
Yes, the policyholders can download Aditya Birla Mobile App to enjoy several services such as insurance policy purchase, insurance policy renewal, network hospitals and garages locator, claim registration, policy document download and so on.
How can I get in touch with the customer care team of Aditya Birla Insurance Company?
You can connect with Aditya Birla Insurance Company by contacting at 1800-270-7000 and by writing us at firstname.lastname@example.org.