Security, be it emotional, economic, social, or personal, is one of the basic human needs. To function at their full potential, human minds need to be assured of security. Spotting even the slightest risk leads people to lose their calm and become incapable of functioning. This is one of the most crucial factors that contribute to maintaining mind's peace, one of the ultimate goals of people all across the globe. It is human nature to strive to build a secure environment for them and their loved ones. When talking about feeling secure, it is not just confined to protection against criminal activities. The horizon of the term 'security' is much vast.
People who wish to build a safe environment for themselves need to look at the bigger picture. They need to plan for the future and prepare themselves for the worst. No one really knows what life has in store for them, and the element of 'surprise' is scarier than it is exciting. The best way to approach life is to look for a comprehensive solution that brings peace to an individual's mind and calmness to the soul. When talking about one solution that fits all, there is a need to bring India International Insurance Pte Ltd. (III) in the spotlight.
A result of a merger of five state-owned, general Indian insurance companies, this company came into the picture in 1987. These five state-owned Insurance companies of India, which still operates as independent entities in India, have equal stakes in III in Singapore, are General Insurance Corporation of India (GIC Re), the New India Assurance Co. Ltd, the Oriental Insurance Company Ltd, National Insurance Co. Ltd., and United India Insurance Co.Ltd. Ever since its inception, III has guaranteed consistency in its services to help its clients enjoy peace of mind. Talking about a comprehensive solution, III offers services that let its client create a shock-proof life by building a reliable backup for a time when their life takes an unexpected turn.
It is important to understand that life insurance is not the only thing people need to consider. To enjoy a stable lifestyle and protect it from the unpredictability of life, it is important to protect things that help make your life satisfactory and happy. For some, their home is their biggest investment, and it brings them peace and comfort. There are people who treat their vehicles just like part of their family and would not be able to bear its loss. Similarly, for entrepreneurs, the business they worked so hard for is the most important part of their lives, and they would go beyond any limits to protect it. That being said, the type of security one strives for varies from person to person, which is why III has taken a step forward to provide its clients a way to secure their belonging that work hard to acquire.
III's service portfolio includes motor, home, travel, and personal accident insurance for individuals. It also offers maid bond packages. All things that help build a convenient lifestyle for people, III makes sure that they are insured and protected. It also offers insurance to business owners. This portfolio includes marine, property, liability, engineering, surety, and motor fleet insurance.
India International Insurance has spent more than thirty-three years serving the people in Singapore. Being one of the oldest general and non-life insurers in the country, it pays approximately 5% - 7.5% of the share capital, i.e., around SGD 2.5 – 3.75 million annual dividends, to its five parent companies. The company's team, comprising 100 employees and a large group of agents and brokers as support, possesses the expertise to tailor the services as per the client's needs. In addition to offering insurance, the company also provides a safe and easy channel to file claims without any obstacles or hindrances.
III stands at a rating of A- by the Standard & Poor's, a highly reputed rating agency in the world. III is amongst the top 15 Direct Insurers in Singapore. Since its inception, India International Insurance established its identity as a company that is working to protect the people's futures.
Another aspect of protecting the future of people is by working towards achieving sustainable earth. India International Insurance Pte Ltd does that through its 'Green Initiative.' As per the company, the factor of environmental change is beyond the control of an individual, but mitigation can help slow the process down. The company has adopted a green approach by 'rethinking their products, operations, and practices.' It keeps a measure of its overall impact on the environment. The team firmly believes that 'Green is the Way to Go' and has taken up several measures that considerably reduce its carbon footprint. From integrating multiple software, adopting paperless processes to partnering with sustainable industry partners, and reducing overall resource consumption, the company's Green Initiative' is adding to its mission of protecting the people's future.
India International Insurance Pte Ltd is, indeed, offering the world a comprehensive solution to build a secure lifestyle for themselves. The company is licensed to do business worldwide depending on the local regulations of the origin country. This makes III one of the unique companies having a wider territorial scope to operate.
Disclaimer: No Deccan Chronicle journalist was involved in creating this content. The group also takes no responsibility for this content.