Preparing Customers for the Better, India International Insurance
Life is unpredictable. There is always an amount of uncertainty in everything that humans do. From driving a car to buying a house, no one can ever tell what or how it is going to be affected. So, everyone should be prepared at all times to handle the unforeseen situations that come their way.
The COVID-19 pandemic has shaken everyone to their core and has proven that nothing is eternal. But situations can change if people are well prepared. It is a natural human instinct to be prepared for the worst. Humans are easily attached to anything that they have built or achieved and do not let go of it easily. They would do everything in their capacity to make the best of the situation and protect anything that has the potential to be or is in danger. For such cases, insurance services come in as a productive solution. Over time there have been many instances that have proven that it is absolutely necessary to have insurance. Many companies extend their insurance services to people over a variety of things. Still, only a few remain true to their aim and provide the best to their clients, and India International Insurance Pte Ltd (III), Singapore is one of them.
The foundation of India International Insurance Pte Ltd (III) was laid in 1987 in Singapore by the five state-owned Indian Insurance companies. These companies are General Insurance Corporation of India (GIC Re), The Oriental Insurance Company Ltd, The New India Insurance Co. Ltd, National Insurance Co. Ltd., and United India Insurance Co. Ltd. Having run their own insurance companies in and out of India, the five companies combined their expertise and knowledge to create this powerful venture. Headquartered in Singapore, the company has been catering to the needs of all Singaporeans for more than thirty-three years and have been recognized by many reputable platforms for their top-notch general (non-life) insurance services.
Financial stability is the first and foremost requirement to build a secure and reliable insurance company. Without a strong financial set-up, it is almost impossible for an insurance company to function. India International Insurance Pte Ltd has been very fortunate in this case. It functions as an autonomous body with state-owned insurance giants of India as its stakeholders. The company’s financial strength rating has been rated ‘A-’ by the Standards & Poors, one of the acclaimed credit rating agencies in the world. This is a clear indication that the India International Insurance Pte Ltd is completely capable of honoring all types of financial commitments.
III provides various insurances, including motor, home, travel, marine hull, liability, property, engineering, motor fleet, surety, personal asset, and maid bond package insurances. It deems to provide protection and assurance to the customers in every walk of their lives by allowing them the liberty to enjoy life without any hesitation or fear. As a normal individual himself, the CEO and Managing Director of III, Mr. T Babu Paul, comprehends the needs and worries of a layman and has done the best in his capacity to cover all aspects of uncertainty a person may have in their lives.
A team’s performance solely depends on the manager and the office’s environment. If the manager is determined and has good communication with their team members, then achieving milestones is no big deal. Similar is the case at the III headquarters between the manager and their employees. The III’s board members are selected from the Chairman-cum-Managing Directors of five state-owned Insurance companies of India. All of them are extremely talented individuals and are experts in creating insurance services that cater to all basic human needs. The board also consists of independent directors who have established a track record of leading large organizations. They ensure that they are connected with their employees at all times and provide them a comfortable and safe environment to work in. They emphasize the ‘a happy employee is a productive employee’ motto and make sure that they follow it.
Although technology has taken over the world by storm, many companies still operate under the traditional work environment. But the India International Insurance Pte Ltd has taken complete advantage of the technology and has integrated the latest multiple software systems that ensure network infrastructure and allows paperless processes. The III believes in making their process greener and sustainable for the environment. They emphasize decreasing total resource consumption by reducing excessive electricity and water usage and always encourage their employees to use re-usable items.
The India International Insurance Pte Ltd has raised the bar in the insurance industry with its sustainable work processes and experienced professionals. With the expert leaders that this company has, it is evident that they will soon be reaching new heights of success.