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Commencement of business

We commenced underwriting of insurance business with effect from 31 March 1996. We are permitted to write all classes of general insurance and within this short span of time, our achievements are quite impressive.

Customers' Relations

We treat customers as our business partners and are committed to provide better service to pour business partners. Business partners are our first priority and driving forces. Better-quality customer service through introduction of up-to-date information & technology is our motto. Our business partners come from all walks of life. Launching new products and developing the quality of the existing products are the strategies adopted by us to serve the business partners. 


Our Reinsurance policy is to purchase maximum re-insurance protection at minimum cost. Prime Insurance maintains the principle "Security First". Our underwritten risks are being protected through proportional re-insurance treaty, which is more or less expensive compared to non-proportional protection. We have been arranging 100% re-insurance protection from Sadharan Bima Corporation with the improvements of existing proportionate treaties. We used to review our own retention considering last 5 years claim experience, portfolio size, capital, reserve etc. with a view to minimize re-insurance cost as well as to build up company's financial strength. Our retention is again protected by CAT XL treaty to minimize our retained loss as far as possible in case of any catastrophe.

More so, we are participating in the inward re-insurance business of SBC and placing some of big volume insurance risk to the reputed overseas R-insurer facultatively after achieving the most competitive rate/terms.