EF Insurance Broking Pvt Ltd was granted a Direct Broker’s License (License no. DB-397/08) by the Insurance Regulatory and Development Authority (IRDA) in February 2009, for undertaking direct insurance broking in Life and Non-Life businesses. EFIB has empanelled itself with various public and private insurance companies to offer customized solutions to customers. As a Total Insurance Risk Solutions provider, EFIB plays an integral role in the Risk Management portfolio of customers. We actively place the risk depending upon its nature and specific coverage allowed by each insurance company and can advise clients to cover their risks from all insurance companies depending upon the individual requirements of each client.

EF Insurance Broking Pvt Ltd based in Kolkata and has 6 branches in India. Our nationwide network includes cities such as Dhanbad, Durgapur, Jamshedpur, New Delhi, Patna, Ranchi & Jaipur. Our dedicated insurance team consists of experienced and well qualified ex-employees of PSU as well as Private Insurance Companies with a combined industry experience of over 105 years! We stand committed to service the interest of our customers and remain focused on post-sales services and claim settlements.

EF Insurance Broking Pvt Ltd has been promoted by Eastern Financiers Limited, the oldest Investment & Financial products advisor in Eastern India. Eastern Financiers was incorporated in the year 1967 and is today an ISO 9001:2000 certified company that has received several prestigious awards including the “CNBC-TV18 BEST FINANCIAL ADVISOR (EAST) AWARD” for 4 consecutive editions between 2006 to 2010. Eastern Financiers Ltd provides advisory services to more than 3 lakh investors across the country and has a network of more than 12000 business partners to widen its business reach.

We are one of the fastest growing broking houses in India providing a one-stop solution for a wide range of services like Best Tailor Made Insurance Solutions, Claims Management, Insurance Audit and Renewal Reviews. Capitalizing on the expertise that we possess, we ensure a flexible and an innovative way of doing business with our clients promising them absolute fulfillment. We always look forward to welcome our clients and endeavor to build an everlasting and a growing relationship with them. We seek to provide the peace of mind for our clients through high quality insurance products, backed with exceptional service.

Our Motto
Our aim, apart from good, reliable service, is to provide continuity. Therefore you will never be seen as just a "number", but always be a valued client, assured of our personal service.

With the passage of time, insurance market has also been changed and the change becomes turbulent especially under detariff regime. It is now a big challenge to arrange for adequate insurance which could withstand the test of claims or adversities. The situation can be best handled and or addressed if the insured and the available professional house act together to derive the best possible solution as well as alternatives for consideration. It is in this context, the role of a direct insurance broker is meaningful and important.

You can involve any Broking House from your experience to address all your insurance requirements and such arrangement will not cost you anything as per the prevailing rule of IRDA. But involvement of a broker in your regular insurance requirements will definitely be a good idea because of the followings:

1. On account of the regular interactions with insurers, a broker knows different insurers much better in respect of their level of expertise in different branches of insurance as well as their response time over different types of claims settlement.
2. Due to the induction of appropriate professionals with past insurance background, a broker has the ability to differentiate the qualitative aspect of the offers given by various insurers on a particular matter which is utilized for the benefit of all the insured.
3. A broker represents only the insured and not the insurers under any circumstances and, hence, there is no conflict of interest at the point of claims which would have arisen if directly dealt with the insurer. Whereas the insurers may change after a year, yet, in general, the relationship of a broker with the insured is long standing.
4. A broker is professionally accountable in conformity with the regulations formulated by the IRDA for all their wrongful actions involving arrangement of insurance on behalf of their clients. All the Insurance brokers operating in India must have a Professional Indemnity insurance to safeguard their interest in case any of their insured happens to suffer financially for a wrong advice provided by their mandated broker.
5. A broker, over years of operations, develops a good volume of business which acts as a strength to negotiate rates, terms and conditions of any proposed cover in favour of clients.
6. A Broker like EF with pan-India presence has the additional advantage of knowing the markets and the practice prevailing across the country better and, hence, finding solutions becomes quicker and cost effective.
7. Since the procedures of claims settlement is not uniform among the available insurers, a broker with sufficient exposure knows what type of MOU is required to be entered into prior to finalisation of any policy.

1. Prices of insurance products/covers have come down.
2. Prices of insurance products/covers have come down.
3. For survival, claims processing is becoming much more stringent.
4. There is an increasing scope of litigation between the insured and the insurer.
5. The market will soon try to achieve equilibrium as far as premia are concerned. Hence, we expect premia rates to harden in the near future.
6. Effect of de-tariffing can not be wiped out in totality.

As Direct Insurance Brokers, we are well positioned to offer you the entire spectrum of our services detailed as under :

1. As a Direct broker, we represent the Insured, that is, YOU, rather than the Insurance Company. So, the focus is on solutions favoring you rather than what the insurance company offers.
2. Review of your existing policies;
3. Conducting comprehensive Risk Inspections wherever necessary;
4. Negotiating with various Insurers on your behalf and securing the most competitive rates without making any compromise with the scope of cover;
   
5. Maintaining constant and effective liaison with Insurers to ensure expeditious issue of your Policies correctly.
6. Effective monitoring the utilization and reinstatements of your Marine Declaration Policies
7. Providing a seamless processing of your claims, where our involvement would commence from the point when a Claim is lodged, through the process of documentation, assessments and adjustments, up to the final settlement. Apart from our own Claims Personnel, we also enlist the assistance of well acknowledged and respected Professionals in the Sector, depending on the size of the Claim.

For losses with higher magnitudes, we also undertake to enter into an arrangement with the Insurance Companies for ‘on-account’ payments for all losses.

In addition to the above, we propose to enter into an MOU-based Service Level Agreement with your Insurers for seamless and time-bound service delivery.

In several instances, expeditious settlements of Claims move beyond legal stipulations and often hinge on strong and effective relationships with Insurers.

Motor Insurance is an agreement between the insurer and the insured wherein the insurer provides financial cover for the vehicle and the insured, in return, pays a specific premium annually. Motor Insurance (or Auto Insurance) provides protection for your vehicle against the financial loss and liability that could result as a consequence of accident or theft.

Motor Insurance involves two types of coverage:

“Liability Only” Policy: This covers third party liability for bodily injury and / or death and property damage. Personal accident Cover for Owner-Driver is also included.

• Third party injury
• Death of the third party
• Third party property damage
• Personal accident of owner-driver and other passengers

Package Policy: This covers loss of or damage to vehicle insured in addition to “Liability only” Policy

• Own damage Loss
• Partial theft
• Total theft

Before buying a vehicle, the first thing that crosses your mind is your preference and the second thing is its price. Your car is a major investment, hence a key area of concern for you. Motor Insurance provides you financial cover against:

• “Own damage” Loss, due to
  • Fire, explosion, self ignition, lightning
  • Burglary, housebreaking , theft
  • Riot and strike
  • Earthquake (fire and shock damage)
  • Flood, typhoon, hurricane, storm, tempest, inundation, cyclone, hailstorm, frost
  • Accident due to External means
  • Malicious Act /Terrorism
  • Whilst in transit by road, rail, inland waterway, lift, elevator or air
  • Rockslide / Landslide
• Partial theft
• Total theft
• Third party injury
• Death of the third party
• Third party property damage
• Personal accident of owner-driver and other passengers

OPTIONAL COVERS AVAILABLE :

• Depreciation waiver
• NCB (No Claim Bonus) Protection
• Key Replacement
• 24x7 Spot Assistance
• Emergency Transport & Hotel expenses
• Personal Belongings
• Engine Protection
• New Vehicle replacement/Invoice cover
• Transport, Re-delivery or Repatriation of Repaired Vehicle
• Towing and/or Removal/Storage of the Insured Vehicle
• Wreckage/Debris Removal & Trans-shipment Cost

Commercial Vehicle insurance policy covers the following perils -:

• “Own damage” Loss, due to
  • Fire, explosion, self ignition, lightning
  • Burglary, housebreaking , theft
  • Riot and strike
  • Earthquake (fire and shock damage)
  • Flood, typhoon, hurricane, storm, tempest, inundation, cyclone, hailstorm, frost
  • Accident due to External means
  • Malicious Act /Terrorism
  • Whilst in transit by road, rail, inland waterway, lift, elevator or air
  • Rockslide / Landslide
• Partial theft
• Total theft
• Third party injury
• Death of the third party
• Third party property damage
• Personal accident of owner-driver and other passengers

Option Covers Available -:

• Depreciation waiver
• New Vehicle Replacement
• Personal Effects & Belongings
• IMT 23
• Overturning (under Misc. D type policy)
• Geographical Extension

Policy provides for reimbursement of hospitalisation/ domiciliary hospitalisation expenses for illness or disease, suffered or accidental. The policies also offer cashless hospitalization services at all network hospitals pan-India. The premium paid is also eligible for Income Tax exemption under section 80D upto Rs 15,000 per annum (for Individuals) and upto Rs 20,000 per annum when covering Senior Citizens.

Mediclaim policy also covers pre & post hospitalization expenses, subject to terms & condition of respective insurance companies.

The following benefits can also be covered:

1. Free health check up
2. Maternity benefit
3. Daily cash
4. New born baby covered from day 1
5. Critical Illness
6. Daily cash for accompanying people
7. No sub limits
8. Reinstatement of Sum Insured in case of hospitalization due to an accident
9. Lifetime renewal of policy guaranteed

In several instances, expeditious settlements of Claims move beyond legal stipulations and often hinge on strong and effective relationships with Insurers.

Group Mediclaim Policy is available to any homogeneous Group / Association / Institution / Corporate body, provided it has a central administration and subject to a minimum number of people being covered.

The terms & conditions of coverage that can be generally taken under GMC policies are :

1. Pre- existing disease covered from day 1
2. 30 days, 1st year & 2nd year exclusions waived off
3. Corporate buffer
4. Maternity benefits
5. Extended Pre & post-hospitalization coverage
6. OPD cover
7. New born baby covered from Day 1
8. Any other specific cover, as per the needs of the client

The Policy offers compensation in the case of death or disablement to the insured person directly and solely as a result of an accident, by external, visible and violent means.

P.A. policy operates worldwide and provides a 24 hour coverage. Various extended / additional coverage are available, ranging from death only, to comprehensive cover for death, permanent disablement and temporary total disablement.

The following features are also available in P.A. policy:

• Expenses incurred for carrying of the dead body
• Medical expenses
• Children Education Support
• Cumulative Bonus
• On-duty policy, where a discount in premium is also available
• Loan Protection cover
• Monthly Compensation/Lump Sum Compensation