Achieving Milestones!!! TPL Direct Insurance crossed Gross Premium 700M PKR

ACHIEVING PREMIUM GROWTH THROUGH PREMIUM SERVICES

The challenging economic conditions and adverse law and order situation in the country failed to hinder TPL Direct Insurance Limited’s course of success. In 2012, TDI’s growth continued its ascend and registered a growth of 37% from Rs. 513.33 million in 2011 to Rs. 701.87 million during the year 2012. TDI’s initiatives for investment in nationwide infrastructure, streamlined processes and valuable human capital enabled TDI to have a strong position in the insurance industry. Furthermore TDI proved its mark by securing the position as the nation’s 4th largest motor insurer and became the 7th largest General Insurer in terms of earned premium.

This robust growth is mainly ascribed to the customer’s confidence in the company as it maintained its motto of providing equitable premium rates, attending to claims in rapid 60 seconds, processing the case in 45 minutes and completing settlements of total loss and theft claims in 7 days. The customers’ confidence can be gauged from the fact that TDI’s renewal ratio was achieved at over 61% during the year with an increase of 35% recorded in the fresh business.

The company continues to deliver its promise of customer satisfaction and has also been doing exceptionally well by ensuring its customers are always provided with new and innovative products that will further augment the comfort and security that they affiliate TDI with. Examples of such include the launch of the first of its kind ‘Kar 4 Kar’ product and the introduction of Home Insurance Products.

The company maintaining confidence in its growth trajectory, invaluable process and human capital continues to march through the year with expectations of celebrating 2013 as “Billion Year.”

This entry was posted on Friday, January 4th, 2013 at 11:57 am and is filed under Press Realease. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.

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