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Madhav Insurance Brokers Private Limited is founded by Mr. Daya Krishan Goyal & Mr. Suresh Kumar Gupta since 2004. They have more than 20 years exposure to general insurance business. Their main focus is on corporate business of Fire, Marine, Group Mediclaim, Engineering, Liability and retail business Motor, Travel, Health, Life Insurance and other general insurance business. Madhav Bima is the online retail arm of Madhav Insurance Brokers Pvt. Ltd, an Insurance Broking Company registered under Insurance Regulatory Development Authority (Insurance Brokers) Regulation 2002 act with License No- DB253 in the year 2004 as Direct (Life & General) Broker. We are a customer centric company and we provide entire range of services catering to Life and Non-life Insurance Sectors which aims for total customer satisfaction. We are professional having more than 70 insurance facilitator.
Our's is a company being promoted by a group of young entrepreneurs along with highly professional experts who have worked in General and Life Insurance Companies in senior positions. Our Managing Director/Principal officer Dr. Himanshu Goyal having vast experience in the field of insurance. All the directors of the Company are veterans insurance professionals and directly supervising marketing of business.
Whether it is life, health, motor or travel insurance that you’re looking for, we are prepared to help you find what you need on the basis of your preference or requirements.
In order to become an insurer of choice, we believe in building our business on:
Integrity – by conducting our business with utmost fairness and honesty.
Transparency – by maintaining clean records accessible to all our customers and stakeholders.
Professionalism - through building strong relationships based on tolerance, trust and mutual cooperation.
Active social responsibility - by ensuring that the growth of our society and nation parallels the growth of the business.
High customer focus – by anticipating and proactively responding to all your priorities and needs.
Providing mutual value – by constantly working towards building a relationship based on mutual value and respect, thereby ensuring optimal usage of your financial resources.
Madhav Bima is committed to provide value to its clients by understanding needs & risk profile, provide innovative, cost effective and customized solutions to ensure complete customer satisfaction. We help clients determine their exposures, evaluate and structure their insurance programmes.
Our Vision is to provide value to our clients with a focus on innovative solutions, superior service, professional manpower and leverage innovative technologies to improve our service processes and that’s why we introduced Madhav Bima as a one stop solution for all insurance needs.
MadhavBima assists you to get a better understanding of the insurance policies based on your insurance needs and helps you find the right policy at the cheap price so that you can save the your hardest money and satisfaction of having made an informed decision.
Insurance is a protection against the financial loss arising on the happening of an unexpected event. A person can avail this protection by paying a premium to an insurance company.
Typically, General Insurance contracts are for a one-year period only.
When you buy Motor Insurance online, you get an instant policy, as there is no documentation or paperwork involved. In addition, you have the advantage of choosing from multiple payment options e.g. Credit Card (Visa, Master Amex card), Net banking, Debit Card etc.
No Claim Bonus (NCB) is a discount on premium of the Own Damage (OD) portion of your vehicle when you renew your policy, provided you have not made any claim during the last policy period.
The NCB can be accumulated up to a maximum limit of 50% on OD premium.
You can transfer the full benefits of NCB, even when you shift your motor insurance from one Insurance company to any other Insurance company.
NCB benefits are given as per the below :
| All Type Of Vehicles | % NCB On Own Damage Premium |
|---|---|
| No claim made or pending during the preceding full year of insurance | 20% |
| No claim made or pending during the preceding 2 consecutive years of insurance | 25% |
| No claim made or pending during the preceding 3 consecutive years of insurance | 35% |
| No claim made or pending during the preceding 4 consecutive years of insurance | 45% |
| No claim made or pending during the preceding 5 consecutive years of insurance | 50% |
Copyright © 2024. All rights reserved