Navi General Insurance Company
Navi General Insurance Company Overview
Navi General Insurance Company Limited has lately undergone an ownership change. The company is now promoted by Navi Technologies Private Limited, which now acquires 100% stake in the company, which was earlier known as DHFL General Insurance from Wadhawan Global Capital WGC. Navi Technologies is founded by Mr. Sachin Bansal, Co-founder of Flipkart, which later on sold to Walmart.
Navi Technologies is indulged in building consumer-centric and technology-driven business in BFSI space. Navi General Insurance Company is heading towards leading its way to deliver top-notch banking and financial services. The digital character of the company makes it a leading brand in future with excellent potential for innovation and growth. Navi General Insurance offers its policyholders a sense of safety and power by providing a wide range of affordable insurance products and services for individuals, families, senior citizens, women and so on. The offering helps the company to deliver its customers a streamlined user-experience.
Navi General Insurance Company Statistics
Navi General Insurance provides a range of insurance products comprising motor insurance, health insurance, travel insurance, and home insurance. The company functions with the aim to empower its customers and generate trust among them by delivering innovative products, state of the art infrastructure, customised offerings, simple insurance procedures at reasonable prices.
The general insurance company boasts to issue a huge number of policies and settling a good percentage of claims out of them. The company has established branches across India to deliver fast and easy insurance solutions to its customers. Navi General Insurance Company has got some remarkable figures registered in its name over the years:
Claim Settlement Ratio
Navi General Insurance Company Financial
Navi General General Insurance crossed Rs. 1.7 lakh crore mark during the financial year 2018-19. With the generation of Rs. 1,70,109 crore in the financial year 2018-19 in comparison to Rs. 1,50,593 crore in the financial year 2017- 18, it registered a growth of 13%. The company gained a Gross Written Premium (GWP) of around Rs. 244 crore in the financial year 2018-2019 compared to Rs. 141 crore of the financial year 2017-2018. The GWP achieved by the firm was higher than 9 of the 13 general insurance firms and stand-alone health insurance companies, which is actually a commendable achievement.
Why Should You Choose Navi General Insurance?
Navi General Insurance plans bring a lot of advantages with them after being purchased by the policyholders. Here are some benefits which you can avail with Navi General Insurance policies:
- Easy Claim Process – With Navi General Insurance, you can make claim requests as easily as to buy a policy. No matter which types of insurance plan you own, online facilities to register a claim is available for all of them. You can make the claim request by making a call on toll free number 1800-123-0004 or by mailing at firstname.lastname@example.org or through the customer portal at the website www.cocogeneralinsurance.com.
- Simple to Renew a Policy – Renewal process is necessary to continue to avail an insurance policy. To make this necessary process simpler, the company has made the renewal procedure to be processed online. You just have to enter the registered mobile number to initiate the renewal process. After the verification of the number through an OTP, the system will take you to policy details where you can modify them and pay for the final policy.
- Wide Network of Hospitals and Garages – The Navi General Insurance Policy is equipped with a wide network of 1,100+ cashless garages and 4,900+ cashless hospitals. Being an entrant, these numbers are hard to gain in the few years of establishment. But, due to the customer focussed approach, the organisation could attain it soon to make policyholders get healthcare and repair assistance quickly across the nation.
- Extensive Product Range – The organisation tenders an extensive range of insurance products at the most reasonable prices. Navi General Insurance proffers its customers with different insurance products like motor insurance, health insurance, travel insurance, and home insurance. With the company's all-inclusive range of insurance products, it becomes easier for them to find all their insurance related solutions at one place.
Awards and Achievements of Navi General Insurance Company Limited
The Navi General Insurance has been recognised in the market with so many achievements and awards since its inception. Here are some awards bagged by the company:
- Grand Prix Award-2017-18
- Iconic Brand Award by the Economic Times-2018-19
- Gold Award for the CSR Campaign delivering Hope-2017-18
- Golden Globe Tigers Award for the most admired services-2017-18
- Gold at the ACEF Award for Home Loan Dil Se campaign-2017-18
- National Award for Marketing Excellence by Times Network-2017-18
- Dream Company to Work for Ward by World HRD Congress and CHRO ASIA
- The Best Performing Primary Lending Institute under CLSS for MIG by the Ministry of Housing and Urban Affairs, Govt. of India-2018-19
Navi General Insurance Product Portfolio
Navi Car Insurance Policy
Navi Car Insurance Policy provides coverage to shield you, your co-riders, and most importantly, your expensive car against huge financial losses and legal liabilities towards a third party or your own car, in case of any unforeseen event such as accident, mishap, theft, man-made disaster or natural calamities. The company offers third party insurance plan, own-damage insurance cover and comprehensive insurance policy from which customers can choose one as per their requirements. In addition to these, the company also presents some add-on covers to extend the coverage of your plan at affordable rates.
Navi Bike Insurance Policy
Accidents and mishaps can happen any time, which may lead to bring financial crunches as well as legal liabilities. Hence, Navi General Insurance provides various two-wheeler insurance plans which comprise third party insurance, own-damage insurance and comprehensive insurance to safeguard you, your occupants and your precious two-wheeler vehicle against hefty losses and legal liabilities, in case of any unfortunate incident like accident, mishap, theft, burglary, man-made calamity and natural disaster. Some add-on covers are also offered by the company as good prices to help you expand your coverage of your bike insurance cover.
Navi Health Insurance Policy
Navi Health Insurance Plans are the type of insurance which provides coverage to its customers for their healthcare and treatment costs incurred in case of a medical emergency. The health insurance policies of the general insurance company are designed to offer coverage for different expenses such as in-patient hospitalisation, surgical expenses, daycare expenses, critical illness expenses, and so on. The health insurance plans offered by the Navi General Insurance are Criticare Policy, Group Criti - Surgical Protect Cover, Super Top Up Plan, HospiCash Policy and many more.
Navi Travel Insurance Policy
Navi Travel Insurance provides international travel insurance and domestic travel insurance covers to help policyholders combat anything and everything which can spoil a good trip. Whether it is travel medical insurance or abroad travel insurance as a student, businessman, or traveler, the company gives coverage for the trip in different ways. The travel plan provided by Navi General Insurance is known as Group Travel Insurance Policy.
Navi Home Insurance Policy
Navi General Insurance gives home insurance cover designed to protect your home against fire, terrorism, property loss, and so on. If no two houses are the same, then why its insurance plans should be. Different home insurance covers are offered based on the size of the home, its geography and risk profile so that it may give a perfect level of protection. Navi Home insurance is the security layer which you build against different adverse conditions like fire, natural calamities, etc.
Navi General Insurance Distribution Network
Navi General Insurance tries to combine traditional distribution channels with advanced technology to offer insurance covers to everyone. The combination of offline and online modes to provide insurance solutions has widened the reach of insurance products of the company. The general insurance firm has succeeded in developing various strategic partnerships comprising merger with two corporate agencies, two speciality assistance portals and more than 60 brokers. The company has the employee strength of 207 on roll employees. Also, it acquires a sturdy network of 1,100+ cashless garages and 4,900+ cashless hospitals.
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Navi General Insurance FAQs
What is the timeline for the settlement of Navi General Insurance plans?
The company settles an insurance claim including its rejection within 30 days of submission of the last required or necessary document or information for the settlement of the claim.
How many claims can I make for Navi General Insurance policies in a policy year?
You can make unlimited number of claims during the policy period. However, the sum insured is the maximum limit under the insurance policy.
Can I cancel my policy of Navi General Insurance after purchasing it?
Yes, you can cancel your insurance plan provided by Navi General Insurance within 15 days of free-look period without paying any charges. But after that the cancellation charges will be applied.
What types of insurance plans are offered by Navi General Insurance Company?
Navi General Insurance gives insurance products and solutions for Motor Insurance, Health Insurance, Travel Insurance, and Home Insurance.
How can I contact Navi General Insurance Company?
You can connect with Navi General Insurance through our toll free number 1800 123 0004 or by mailing your queries to email@example.com. Also, you can visit any of the company's branches for any assistance.