NON-LIFE

INSURANCE
Fregillana, Katrina Dominica C.
4LM2
Principles of Finance
WHAT IS AN INSURANCE?

It is a contract by virtue of a
policy by which an individual
receives indemnification in
case of loss, accident, or
damage to his property.

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WHAT IS NON-LIFE INSURANCE?

It is an indemnity provided
when there has been
physical or economic injury.

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LIFE INSURANCE v. NON-LIFE INSURANCE
LIFE INSURANCE
1.Basically concerned with
anything that has to do with
human life.
2. This is to provide security in
cases involving premature
death, income during
retirement, and illness.
NON-LIFE INSURANCE
1. It ensures vehicles, houses,
personal accident insurance,
and it also issues bonds.
2. It is an insurance policy
which covers those which are
not covered by life insurance.
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STRONGHOLD INSURANCE
COMPANY, INCORPORATED
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Ms. Mary Ghale B. Gervacio
Asst. Branch Manager, Stronghold Insurance Company,
Inc. Caloocan Branch 6
 “A Complete Non-
Life Insurance
Company”
COMPANY PRINCIPLE
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1
BRIEF COMPANY
BACKGROUND

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 BOARD OF DIRECTORS

DAVID C. MERCADO (CHAIRMAN)

CORAZON M. FERMI ROMULO I.

DELOS REYES, JR.
FLORENTINO H. GARCES CORNELIO T.
RIVERA
PERPETUO M. LOTILLA, JR. SONIA M.
ROCO
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 MISSION

▰ We are committed to be reputable preferred non-life insurance

company, providing excellent protection and services with innovative
and responsive insurance products consistent with our social
responsibility and participation in the economic growth of our
nation.
▰ We shall foster harmonious and mutually beneficial relationships
with our intermediaries.
▰ We are dedicated to provide career advancement opportunities
within our organization.
▰ We aim to secure for our stockholders equitable and reasonable
returns of their investments.
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 VISION

▰ We envision to be the most highly regarded non-life insurance

provider ready to meet the challenges of a globalized market
consistent with good business practices and corporate governance.

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2
INSURANCE POLICIES

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MOTOR CAR INSURANCE

The company would

indemnify the losses
incurred by the vehicle
due to theft or physical
damage.

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FIRE INSURANCE

The insurance company may

aid the owner in having their
house repaired due to the
fire. This Fire Insurance
option also covers losses or
damage due to earthquake,
typhoon, and flood.

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PERSONAL ACCIDENT INSURANCE

This personal accident policy

is available for individual or
group such as family,
students, passenger, and
employees/workers of
establishments.

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MARINE INSURANCE

Through the insurance

company, the owner
may recover losses
sustained by the cargo
as what is stipulated in
the insurance company
availed.

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SURETYSHIP

The company offers a

diverse type of bonds
that caters to the surety
or bonding requirements
in favor of private or
government entities
whether it be for
individual, Single
Proprietor, Corporation,
NGOs, and
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Cooperatives.
PROPERTY FLOATER INSURANCE

The Property Floater

Insurance would provide
protection to these
types of properties
usually utilized by
construction firms.

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COMPREHENSIVE GENERAL LIABILITY
INSURANCE

The insurance policy

would provide protection
from any damage that
may arise from business
transactions.

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CONTRACTOR’S ALL RISKS INSURANCE

This would afford the

contractor from
damages or perils which
may arise from the
construction project.

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 PROTECTION
WHY AVAIL OF A NON-LIFE
INSURANCE PLAN?
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Sources: Difference of non-life and life insurance
(n.d.) Retrieved November 16, 2018, from
Insurance (n.d.). In Investopedia. Retrieved
https://www.careerride.com/view/difference-
November 16, 2018, from
between-life-and-non-life-insurance-9834.asp
https://www.investopediacom/terms/i/insura x
nce.asp#ixzz5WzRN07qT

Five differences of life and non-life insurance

(n.d.) Retrieved November 16, 2018, from
Non-life insurance (n.d.) Retrieved November
https://www.logiq3.com/blog/five-
16, 2018, from
differences-between-life-insurance-and-
http://www.finanssivalvonta.fi/en/Financial_c
property-casualty-insurance
ustomer/Financial_products/Insurance/Non-l
ife/Pages/Default.aspx
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