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Presented to Sir Hafiz Kashif Iqbal

Presented By Asad Raza Bc09002 Ali Raza Bc09004 Habib ur Reman BC09018 Umer Raza Cheema BC09034 Hassan Bilal Tayyab BC09049 Husnain Zafer BC09058

TOPIC: Adamjee Insurance Company Limited

Hassan Bilal Tayyab


BC09049

Adamjee Insurance Company Limited (AICL)


AICL was incorporated as a Public Limited Company on September 28, 1960. It is involved in the business of general insurance. The head office is located in Karachi and it operates a network of branches all across Pakistan and two in UAE (Dubai & Abu Dhabi).

Adamjee Insurance Company Limited (AICL)


The Company commenced operations with a paid-up capital of Rupees 2.5 million. which has grown phenomenally in the past five decades to Rupees 1.24 billion, as on 31 December 2012.

Vision
"Our will is to Explore, Innovate and Differentiate. Our passion is to provide leadership to the Insurance Industry.

Core Values
Integrity Humility Fun Corporate

Quality Policy
The management and employees of Adamjee Insurance demonstrate commitment in satisfying customer needs for managing the risk assessment in General Insurance.

Company regularly assess our processes and practices, to build on our relationship with all our stakeholders including customers, shareholders, strategic partners and employees.

Product Portfolio
Fire and Property Engineering Health Marine Motor Miscellaneous business

Fire & Property Insurance


Fire Insurance policy provides compensation to the insured person or firm in the event of damage to the property insured. Including buildings, stock, machinery and other contents) caused by fire, lightning.

Fire & Property Insurance


Coverage:
The insurance policy broadly covers losses due to: Fire Lightning Explosion

Fire & Property Insurance


Additional Covers:
Atmospheric Disturbance (Flood etc) Earthquake, Fire and Shock Aircraft Damage Housebreaking

Fire & Property Insurance


Main Exclusions:
Loss of earnings/ Business Interruption Losses arising out of War and War like situations Terrorism, Civil Commotion, Popular / Military Rising

Property Insurance
Property All Risks Comprehensive Machinery Insurance Loss due to Fire / Business Interruption Terrorism Hotel Owners All Risk Insurance Home Insurance Shop Owners Comprehensive Insurance

Fire & Property Insurance


Premium payment procedure: Premium payments may be made by cheque or pay order in favor of Adamjee Insurance Company Limited.

Umer Raza Cheema


BC09034

g n i r e e n e i c g n En sura In

Engineering Insurance

Contractors' All-Risk's (CAR) Insurance Electronic Equipment Insurance Erection All-Risk's (EAR) Insurance Comprehensive Project Insurance Machinery Insurance

Contractors All-Risks Insurance


Contractor's All Risk Insurance covers civil works like construction of roads, bridges, dams, high rises, housing projects etc.

Coverage:
Offers protection against all the risks involved in the construction of civil works of any kind, including surrounding property and third-party claims .

Contractors All-Risks Insurance


Insurer will indemnify loss or damage due to the following causes:
Fire, lightning, explosion Windstorm of any kind Earthquake, Flood Theft, Negligence, lack of skill, lack of experience Short-circuit.

Contractors All-Risks Insurance


Main Exclusions:
Loss or damage due to faulty design Defective material Loss or damage due to war or warlike operations

Electronic Equipment Insurance


Electronic Equipment Insurance covers all electric equipments with moderate power requirements against material damage. Coverage:
Electronic Data Processing (EDP) equipment Electrical equipment for medical use Communication facilities Lighting and navigation facilities Equipment for research and materials testing

Electronic Equipment Insurance


Insurance Protest:
The owner as the operator The lesser The maintainer The hirer

Electronic Equipment Insurance


Insurer will indemnify loss or damage due to the following causes: Smoke, soot Water and humidity Failure of air conditioning Short circuit and other electrical causes Design, manufacturing, assembly and erection faults.

Electronic Equipment Insurance


Main Exclusions:
losses covered by warranty Wear and tear Failure or interruption of gas, water or electricity services Defects

Erection All Risks Insurance


Erections All-Risk's (EAR) Insurance provides cover against all the risks involved in the erection of machinery, plant and steel structures.

Coverage:
This branch of engineering insurance offers protection against all the risks involved in the erection of machinery, plant and steel structures of any kind, including surrounding property and third-party claims in respect of property damage or bodily injury arising in connection with the execution of a project.

Comprehensive Project Insurance


This multi line policy provides cover to both erection and construction risks, also provides comprehensive protection. Coverage:
Comprehensive Project Insurance offers all-in-one insurance protection for the entire duration of a project

Machinery Insurance
Machinery Insurance covers sudden and unforeseen damages to machinery due to accidents, fire, collision or any other physical damage. Coverage:
Machinery Insurance was developed to grant industry effective insurance cover for plant, machinery and mechanical equipment at work.

Habib Ur Rehman
BC09018

Motor Insurance

prehensive Motor Insurance(Private Vehicles)

prehensive Motor Insurance (Commercial Vehicles)

prehensive Motor Cycle Insurance

r Third Party Liability Insurance

Motor Insurance:
Adamjee Insurance Company Limited Motor Insurance ensures that the owner of vehicle is protected from financial losses, caused by damage or theft to the vehicle and third party liability.

Coverage
Adamjee comprehensive motor insurance policy gives you the maximum coverage against theft, accidental damage and third party liability with greater benefits, innovative features and pre insurance processing.

The major scope of the cover includes:


Loss or Damage Due To:
Accidental means, Fire external explosion Lightning, Flood Malicious Act Terrorism, Strikes

Third Party Liability


Property Damage Bodily Injury Death

Some Exclusion
Losses incurred outside geographical area of Pakistan Consequential loss depreciation wear and tear Mechanical or electrical breakdown failures or breakage Damage to Tyres and Battery unless the Motor Car is damaged at the same time where the liability of the company is limited to 50% of the cost of the replacement

Premium Payment Method


Premium payment can be made through cash, cheque, pay order, demand draft, telex transfer to the concerned Adamjee Insurance branch.

Claim Reporting Process


Company appoints surveyor who inspects the vehicle and submits the loss report. After completion of required formalities and documents claim is processed by the company immediately. On approval of the claim the payment cheque is released.

Asad Raza
BC09002

Retail Insurance

Crop Livestock Travel Retail Auto

Crop Insurance
Pakistan's agricultural sector contributes 23.3% to Pakistan's GDP. Being the largest sector yet still widely disregarded in terms of insurance, Adamjee Insurance took an initiative to introduce the concept of Crop Insurance.

Cont..
Need for Crop Insurance:

Most of the farmers in our country are small cultivators and their financial resources are less. All unforeseen catastrophes like climatic changes hazards of floods, drought, rains, and hail storms bring disaster in their lives.

Benefits:

The scheme cover the production loans provided by the Banks to the farmers Incase of crop damage. Farmer's assets are secured. Brings stability to farmer's income. Farmers get financial aid for re-cropping The cover provided under this policy is against unavoidable loss of crops. Get secured and peaceful life

Livestock Insurance

Pakistan has an agrarian economy and its livestock component being more than 50%. To meet the growing needs of our farmers, Adamjee Insurance Company has introduced Livestock Insurance.

Cont.
Adamjee provide:

Protection of Livestock Payment to the owner in case of death of livestock as per policy guidelines Guidance incase of illness of your livestock State-of-art methods of livestock care Professionally qualified veterinary doctors

Benefits:

Adamjee Livestock Insurance is to provide peace of mind and secure necessities related to livestock. The policy coverage includes: Death coverage of cattle due to natural causes, disease, injury, or accident. Specialized doctors assigned task of providing farmers with latest farming procedures and practices. Policies can be customized depending upon your specific needs.

Travel Insurance
Adamjee Insurance "FAASLAY ASAAN" gives you freedom from unforeseen traveling hassles. Providing you the convenience of an Instant Overseas Claim Settlement, whether you are on a vacation or a business trip.

Cont
Travel Services :

Worldwide Consulate and Embassy Referral Arrangement of transport in case of medical emergency Delivery of medicines not available at destination Luggage and Passport Recovery Assistance Emergency cash advancement

Retail Auto Insurance


Adamjee Insurance in the year 2008 launched Online Policy Issuance in alliance with the leading manufacturer in Auto Sector- Pak Suzuki.

Cont..
Retail Insurance has entered in the Toyota & Honda Market. Retail department made alliances with the Vehicle Tracking Companies to provide their customers complete package of "Insurance plus Tracker". The target market of the department is strictly Retail customers who are purchasing vehicles from 3S Authorized Dealerships. Presently, Suzuki Insurance Program is running successfully.

Retail Auto Services

Providing best solution for all customer needs through one window solution. Easy process for making Insurance Policy. Claim settlement at Authorized Dealerships. Best Vehicle Tracking Companies in Adamjee Motor Insurance panel. Fastest claim settlement. Extensive Insurance network nationwide.

Noreen Ashraf BC09027


Topic: Miscellaneous Insurance

Miscellaneous Insurance

Financial Lines Insurance Health Insurance Micro Insurance Liability Insurance Personal Accident Insurance

Financial Lines Insurance

Adamjee financial line insurance protect financial loss due to dishonest or fraudulent acts of employees. Loss of property resulting from theft, burglary etc Loss or damage to property in transit anywhere in Pakistan in the custody of employees fake cheques fake currency Damage to office and contents arising from theft, and other criminal act.

Other Products Available


Plastic Card Insurance Foreign Exchange Dealers Policy Directors & Officers Liability Safe Deposit Box / Lockers Insurance Electronic & Computer Crime Insurance

Main Exclusions

disloyalty of directors, contractual employees / armed guards Errors & omissions on part of employee(s) Losses due to terrorism Losses due to fire

Health Insurance

Adamjee Insurance is one of the largest Health Insurance providers catering to the health and medical needs of the Corporate and SME sectors for their employees with customized benefits structure and value added services.

Benefits
The benefits covered under Adamjee Health Insurance care are: Hospitalization Benefit Medical Care Benefit Critical Illness Benefit Maternity Benefit Additional Benefits: Terrorist cover: International cover

Exclusions
The items, conditions, treatments relating to the following expenses are excluded from the policy for which the company will not be liable.

Cosmetic treatment or plastic surgery Psychiatric treatment Personal expenses like, telephone, guest meals & non medical items Self inflicted injury Eye glasses, contact lenses Dental treatments

Micro Insurance

Adamjee insurance Company (AICL) is the pioneer in offering Micro Insurance (MI) Program in the insurance industry of Pakistan. AICL started MI program in 2005.

Cont.

This program has provided safety net to the people in time of shock events resulting in medical emergencies, brought improvements in the basic healthcare facilities available to the poor, it facilitated the healthcare infrastructure, Introduction of first lady doctors in far deserted area and it also provides medical awareness through field camps in remote areas.

Cont
MI has a huge market of Households in the rural areas and it is tapped through low cost insurance plan with Low Premiums. AICL MI is insuring almost 4 Million people all over Pakistan. Currently, Micro insurance Programme is running in 96 district of Pakistan out of 114.

Liability Lines Insurance

This insurance policy provides compensation in respect of legal liability by law to third party for accidental bodily injury or death and/or direct damage to the material property of any third party arising due to any accident caused by Insured's business activities.

Main Exclusions

This insurance policy will not cover the property of the insured,Custody or the property of the contractors or sub contractors. Any claim associated with the products liability All losses, damage & liability arising directly or indirectly due to Transmission and Distribution Failure to supply War, & Terrorism Exclusion Contractual Liability

Personal Accident Insurance

It provides for payment of specified capital benefits following accidental death, bodily injury, permanent total disablement, permanent partial disablement, caused by an accident.

Benefits
This insurance provides benefits in respect of: Death Permanent Disablement Permanent total loss of both eyes Temporary total Disablement Emergency Medical Transportation (Maximum 5% of the Sum Insured) Eligible Persons Minimum Age Limit - 18 Years Maximum Age Limit - 60 Years

Main Exclusions

Non accident related death or bodily injury Intentional self-injury, suicide or attempted suicide, War, act of foreign enemy, strike, Certain sporting activities such as motorcycling, mountaineering, riding or driving in any kind of race speed Insured being under the influence of / affected by intoxication liquor, drugs Death or bodily injury resulting from acts of terrorism

Benefits:

Best Premium rates Online/Instant Policy issuance Largest Country Wide Dealer Network support SMS confirmation of Policy issuance on the customers cell. Renewal Reminder & confirmation through SMS. Tracker device option available