TVS Insurance Broking Limited
TVS Insurance Broking Limited (Formerly Navratna Insurance Broking Limited), also known as "TVS Insurance", is a subsidiary of TVS Automobile Solutions Private Limited and provides Insurance consultancy services in Operational Risk Management to Corporates, Small and Medium Enterprises and Retail segments and holds the IRDA license for Insurance Broking Business.
History
TVS Insurance Broking Limited started its operations after becoming a part of TVS Automobile Solutions Private Limited in the year 2013. Prior to that is was referred to as Navaratna Insurance broking Limited (incorporated in the year 2007). It was renamed to TVS Insurance Broking Limited in the year 2014. It ventured into the online space in 2017 through its e-commerce portal www.tvsinsurance.in.
List of Services Offered
- Operational risk managers, Corporate Insurance advisors and Insurance Brokers
- Handling the entire insurance portfolio of corporate clients, institutions and other participants
- Advising the clients on Risk requirements based on the cost beneficial analysis
- Facilitating the value of Assets
- Risk Inspection and Risk Mapping
- Negotiating the right rate / premium for the right coverage
- Mitigation process
- Advise Corporates in engineering and risks on areas like Erection All Risk, Workmen Compensation, Liability, Marine, Property, Employee Benefits – Group Health and Group Accident, etc.
- Quantification of Liability Exposures
- Policy wording evaluation
- Claims Management
- One stop shop solution for all Insurance Products viz., Motor including 2-wheelers, 4-wheelers – Car, Commercial Vehicles, Bus, Construction Equipments, Machinery, Engineering, Marine Transit, Property, Industrial Risks, Liability and Health
- Providing policy audit, improvement in coverage, day-to-day policy administration
- Combined Professional team with varied experience in Insurance Sector
- Insurance outsourced services to the client, thereby peace of mind and concentration of core business for the client
Clients
Existing corporate clientele of TVS IBL are across multiple industries including: Construction, Software, Technology and BPO, Manufacturing, Environment Specialists, Auditing Firms, Tyres, Logistics, Dealership, Material testing and calibration, Water Treatment, Educational Institution and Business School, Energy and Power, Garments and Apparel, Networking, etc. It also has a strong and growing base of retail customers especially in the vehicle insurance side.
T V Sundram Iyengar & Sons Private Limited
T V Sundram Iyengar & Sons Private Limited, established in 1911, is the parent company of the TVS Group and is a leading automotive aftermarket company in India. Being the trading and distribution arm of the group, the business activities of TVS & Sons include dealerships for commercial and passenger vehicles. Its subsidiary, TVS Automobile Solutions Private Limited is into in multiple businesses including distribution of spares for automotive aftermarket, sales and service support for garage equipment and a multi-brand car servicing chain under the ‘MyTVS’ brand. TVS Insurance Broking Limited is a subsidiary of TVS Automobile Solutions Limited.