Risk Management

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There has been a major change in the general insurance sector in india post privatization. Fire, engineering, motor and workmen compensation insurance, currently governed by tariffs has been brought under a free pricing regime (detariffed). Detariffing is in fact being done in two stages. In the first stage, only the pricing is being freed, while policy wordings continue as per current tariff wordings. In the second stage, policy wordings will also be freed. In other words insurers will be free to issue policies with wordings different from those, which are mandated by the current tariff (subject however to compliance with irda’s (insurance regulators) file and use procedure).
Free pricing regime is both an opportunity and threat for both the insurer and insured. For the insurer it gives an opportunity to price insurance based on risk perception and loss ratio . For the insured it is an opportunity to get insurance cover at a lower premium.
Your insurance broker will now play a more challenging & meaning full role in the present scenario. After privatization in insurance industry, there are now 21 insurance companies doing general insurance business. Hence the broker will negotiate the most competitive premium from various insurance companies to minimize your premium.

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Le Dieu Insurance Brokers Private Limited

Mp Nagar, Bhopal, Madhya Pradesh
GST- 23AABCL8431G1ZR
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There has been a major change in the general insurance sector in india post privatization. Fire, engineering, motor and workmen compensation insurance, currently governed by tariffs has been brought under a free pricing regime (detariffed). Detariffing is in fact being done in two stages. In the first stage, only the pricing is being freed, while policy wordings continue as per current tariff wordings. In the second stage, policy wordings will also be freed. In other words insurers will be free to issue policies with wordings different from those, which are mandated by the current tariff (subject however to compliance with irda’s (insurance regulators) file and use procedure).

Free pricing regime is both an opportunity and threat for both the insurer and insured. For the insurer it gives an opportunity to price insurance based on risk perception and loss ratio . For the insured it is an opportunity to get insurance cover at a lower premium.

Your insurance broker will now play a more challenging & meaning full role in the present scenario. After privatization in insurance industry, there are now 21 insurance companies doing general insurance business. Hence the broker will negotiate the most competitive premium from various insurance companies to minimize your premium.
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Risk Management

About the Company

Year of Establishment2003
Legal Status of FirmLimited Company (Ltd./Pvt.Ltd.)
Nature of BusinessService Provider
Annual TurnoverUpto Rs. 50 Lakh
IndiaMART Member SinceOct 2011
GST23AABCL8431G1ZR
  • Leading indian general insurance broker
  • End to end solution for mid to large size corporate & smes
  • Dedicated team of experienced surveyors for assistance in claim settlements
  • Highly qualified insurance professionals for proper risk management
  • Strong capabilities across all lines on business
  • Experience across a number of industries
  • We arrange seminars for our clients on updation and latest developments in the insurance industry
  • We get to cover what you need, not what is convenient for insurers
  • PAN india service capabilities across all lines of business

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Seller Contact Details

Mayank Upadhya

No. 5/4, Amer Complex
Mp Nagar
Bhopal - 462011, Madhya Pradesh, India

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