I. WHAT IS AN INSURANCE?

- It is a contract by virtue of a policy by which an individual receives

indemnification in case of loss, accident, or damage to his property.
- It is wherein an individual or a company receives financial assistance or
reimbursements once damage has been incurred by their property.

DIFFERENCE OF LIFE AND NON-LIFE INSURANCE

LIFE INSURANCE NON-LIFE INSURANCE

1. It would afford the person a protection 1. It ensures vehicles, houses, personal

for anything that may happen after his or accident insurance, and it also issues
her death. bonds.

2. This is to provide security in cases 2. It is an insurance policy which covers

involving premature death, income during those which are not covered by life
retirement, and illness. insurance.

CONCEPT OF NON-LIFE INSURANCE

- It is an indemnity afforded to the owner of the property when there has been
physical or economic injury.
- It encompasses both people and things
- It would usually deal with various risks that may arise from business operations.
- It protects people and businesses from damage, injury, or crimes that may be
committed against it.

II. STRONGHOLD INSURANCE COMPANY, INCORPORATED

Company Principle: A Complete Non-Life Insurance Company

Board of Directors:

DAVID C. MERCADO (CHAIRMAN)

CORAZON M. FERMI ROMULO I. DELOS REYES, JR.

FLORENTINO H. GARCES CORNELIO T. RIVERA

PERPETUO M. LOTILLA, JR. SONIA M. ROCO

COMPANY MISSION:

▰ We are committed to be reputable preferred non-life insurance company, providing

excellent protection and services with innovative and responsive insurance products
consistent with our social responsibility and participation in the economic growth of our
nation.

▰ We shall foster harmonious and mutually beneficial relationships with our

intermediaries.

▰ We are dedicated to provide career advancement opportunities within our organization.

▰ We aim to secure for our stockholders equitable and reasonable returns of their
investments.

COMPANY VISION:

▰ We envision to be the most highly regarded non-life insurance provider ready to meet
the challenges of a globalized market consistent with good business practices and
corporate governance.

III. INSURANCE POLICIES

1. MOTOR CAR INSURANCE

> The Company would indemnify the losses incurred by the vehicle due to theft or
physical damage.

> The amount to be shouldered by the company would depend on premium to be paid by
the owner.

> Premium would be dependent on the market value of the vehicle.

2. FIRE INSURANCE

> The insurance company may aid the owner in having their house repaired in case of damage
due to fire. The Fire Insurance policy also covers losses or damages incurred due to
earthquake, typhoon, and flood.

3. PERSONAL ACCIDENT INSURANCE

> This personal accident policy is available for individual or group such as family, students,
passenger, and employees/workers of establishments.

4. MARINE INSURANCE

> Through the insurance company, the owner may recover losses sustained by the cargo as
what is stipulated in the insurance company availed.

5. SURETYSHIP
> The company offers a diverse type of bonds that caters to the surety or bonding requirements
in favor of private or government entities whether it be for individual, Single Proprietor,
Corporation, NGOs, and Cooperatives.

6. PROPERTY FLOATER INSURANCE

> The Property Floater Insurance would provide protection to these types of properties usually
utilized by construction firms.

7. COMPREHENSIVE GENERAL LIABILITY INSURANCE

> The insurance policy would provide protection from any damage that may arise from
business transactions.

8. CONTRACTOR’S ALL RISKS INSURANCE

> This would afford the contractor from damages or perils which may arise from the
construction project.