Insurance is a way of managing risks. When you buy insurance, you transfer the cost of a potential loss to the insurance company in exchange for a fee, known as the premium. Insurance companies invest the funds securely, so it can grow, and pay out when there’s a claim. HDFC ERGO General Insurance Company came into existence after the collaboration between HDFC Ltd which holds 51% and ERGO International Ag which holds the remaining 49% share. HDFC ERGO General Insurance was established in 2002. HDFC ERGO General Insurance offers a wide range of general insurance products. Coverage of HDFC ERGO General Insurance for retail market includes Health, Motor, Home, Travel, and Personal Accident insurance policy and for corporate customers HDFC ERGO General Insurance online offer Property, Liability and Marine Insurances as well. HDFC ERGO is expanding its network across the country and is today present in 108 branches spread across 91 cities with an employee base of over 2000 professionals. The Company also has a wide distribution network comprising of brokers, retail and corporate agents, besides its own direct sales force working online as well. HDFC ERGO has been assigned ‘iAAA’ rating by ICRA indicating its highest claim paying ability. HDFC ERGO has been certified with ISO certification for claim services, policy issuance, customer servicing and standardization and uniformity of Information Security processes being followed across all branches & locations and online service. Now you can buy and renew your policy online.
Operations of HDFC ERGO General Insurance
Since its inception, HDFC ERGO General Insurance Company Limited has achieved many feats. Here are some of the notable achievements of HDFC Ergo General Insurance. HDFC Ergo General Insurance has become the ISO 9001:2008 certified company. HDFC Ergo General Insurance online received this certification for its excellence in the following operations:-
- ✔Services and operations
- ✔Claims Management
- ✔Customer Experience Management
Philosophy of HDFC General Insurance Company
The vision of HDFC ERGO General Insurance Company is to be an admired insurance company. HDFC Ergo enables the continued progress of customers by being responsive to their needs. HDFC ERGO General Insurance Company acts as the guiding light and it helps HDFC ERGO General Insurance Company to be proud of the organization that they belong to. HDFC ERGO General Insurance Company intends to earn the respect of both, the customers and the industry. It intends to upgrade itself through online renewal policies.
To make HDFC ERGO’s vision a reality, HDFC Ergo are committed to sow the SEED of their values and nurture it daily. HDFC ERGO’s ethical and online approach and high levels of integrity enable us to ‘continue the tradition of trust that HDFC Ergo have inherited from the parent company HDFC Lt.
- ✔Sensitivity: HDFC ERGO General Insurance will build our business on empathy and an inherent understanding of both their internal and external customers’ needs.
- ✔Excellence: HDFC ERGO General Insurance will always strive to offer innovative products and services like online renewal and endeavor to set new benchmarks to do things better each time.
- ✔Ethics: HDFC ERGO General Insurance will honor the commitments and be transparent in their dealings with all our stakeholders.
- ✔Dynamism: HDFC ERGO General Insurance will be pro-active with a “can do” approach.
HDFC ERGO General Insurance has spread out its offerings in a myriad of insurance categories online as well. Revenue of HDFC ERGO General Insurance is 47% of total business revenue of HDFC Ltd. The market share of HDFC ERGO General Insurance has increased from 1.1% in 2008-09 to 4% in 2013-14.
Current Financial Status of HDFC ERGO General Insurance
HDFC ERGO General Insurance happens to be the fourth largest private general online insurance company in India. In 2014-15, the GWP of HDFC ERGO General Insurance was 3,257 crores and NWP of Rs. 1,778.4. In the same year, HDFC ERGO General Insurance maintained 4% market share and registered growth at a rate of 9.5%. Now with features like online renewal the company is aiming higher.
Offering of HDFC ERGO general insurance company
HDFC ERGO General Insurance’s online policy offers general insurance products and takes care of investment and reinsurance claims management services. HDFC ERGO General Insurance online facilitates purchase and renewal of insurance policies through its online portal, intermediaries and offices. Some of the insurance products on offer at HDFC ERGO General Insurance include online health insurance, online travel insurance, online motor insurance, online home insurance, online personal accident insurance, online rural insurance and several different commercial insurance products. It also provides easy online renewal options for its customers.
HDFC ERGO General Insurance’s online policy offers the best health insurance plans. HDFC ERGO General Insurance’s online health insurance policy provides a wide range of benefits for you and your family. HDFC ERGO General Insurance’s online health insurance policy provides comprehensive health insurance plans are available at the best prices. HDFC ERGO General Insurance’s online health insurance policy provides backed up by a network of over 5000 hospitals, HDFC ERGO General Insurance’s online policy has come with features like Enhanced No Claim Bonus, flexible payment options and cashless hospitalization facility. HDFC ERGO General Insurance’s online health insurance policy covers hospitalization in cases of accidents or sickness. HDFC ERGO General Insurance provides pre and post hospitalization expenses, day care procedures, domiciliary treatment and other expenses. It always provides online renewal options.
Buy any HDFC ERGO General Insurance’s online health insurance policy in just a few clicks;
- ✔HDFC ERGO General Insurance’s online policy Health Suraksha
- ✔HDFC ERGO General Insurance’s online policy Health Suraksha with Regain & ECB
- ✔HDFC ERGO General Insurance’s online policy Health Suraksha Gold
- ✔HDFC ERGO General Insurance’s online policy Health Suraksha Gold with Regain & ECB
- ✔HDFC ERGO General Insurance’s online policy Critical Illness Silver
- ✔HDFC ERGO General Insurance’s online policy Critical Illness Platinum
HDFC ERGO Car Insurance online plan will providefinancial safeguard for a large variety of situations. With compulsory factors such as third party liability, you can ensure that any damage done to another person’s property by your vehicle will be covered in a claim. HDFC ERGO Car Insurance ensures that you can even get your car insurance online. Helping you choose the perfect Car Insurance online for your vehicle, you can be rest assured that your car is protected in every way. You no longer have to worry about finding the best car insurance policy – HDFC ERGO General Insurance’s online Car Insurance policy does it for you. It always provides online renewal optionsYou can get you car insured through HDFC ERGO General Car Insurance online even if your previous policy has expired. As soon as you provide your details online, HDFC ERGO representative gets in touch with you to schedule vehicle inspection at your convenient time. During the whole process, we keep you intimated with emails and SMS. You can also track the status of your Car Insurance online online, using unique quote number provided by us. Post satisfactory inspection, you can pay the premium online and download policy document instantly.
HDFC ERGO General Insurance’s two wheeler comprehensive insurance policies provide coverage against any damages to the vehicle. HDFC ERGO General Insurance’s two wheeler online policy covers driver or pillion rider in any unforeseen circumstances such as accidents, natural calamity, theft etc. HDFC ERGO General Insurance’s two wheeler policy also shields you in case of any damage to third party associated with accidents. It always provides online renewal options.HDFC ERGO General Insurance’s online policy offer various plans to suit your requirements to cover your treasured vehicle against any own or third party damage. You can renew your HDFC ERGO General Insurance policy online through HDFC ERGO General Insurance. HDFC ERGO General Insurance’s policy renewal is a simple and effortless process. Customers can renew there policy online and can by any policy through HDFC ERGO General Insurance’s online policy renewal. Customers can Buy and renew HDFC ERGO insurance online using Credit card, Debit card, Net Banking, Electronic Wallets. EMI options also are available on HDFC ERGO insurance options all over India
Major Achivements of general insurance company private limited.
- ✔HDFC Ergo General Insurance received Best Customer Experience Award of the Year by Kamikaze
- ✔HDFC Ergo General Insurance was honored with ICAI Awards under the Category III – Insurance Sector for Excellence in Financial Reporting.
- ✔Chubb Multinational Solutions conferred HDFC ERGO General Insurance with CMS Outstanding Affiliate World-Class Service Award 2015
- ✔World HRD Congress awarded HDFC ERGO General Insurance as Best Private Sector General Insurance Company at ABP NEWS – Banking, Financial Services & Insurance Awards 2014.
Latest Happenings at HDFC ERGO General Insurance
HDFC ERGO General Insurance teamed with Shamrao Vithal Co-operative Bank. The partnership will make customers of the SVC bank eligible to avail wide range of general insurance products by HDFC ERGO General Insurance.
HDFC ERGO General Insurance acquired engineering major L & T general insurance. It was a cash deal of Rs. 551 crore between L & T general insurance and HDFC ERGO General Insurance.
- New India Assurance Company Limited
- National Insurance Company Limited
- Bajaj Allianz General Insurance Company Limited
- United India Insurance Company Limited
- Oriental Insurance Company Limited
- HDFC ERGO General Insurance Co. Ltd
- SBI General Insurance Company Limited
- Star Health and Allied Insurance Co Ltd
- Bharti AXA General Insurance Company Limited