The Company


The Company was formed on 18th August 1999 as Expert Healthcare Management Services Limited extending insurance consultancy services. Visionary Founder-CMD, Shri V Sudhakar has incorporated the Company with ‘Insurance Broking’ as one of the main objects at that time itself i.e. even before formation of IRDA (Insurance Regulatory Development Authority).

In 2002, the name “Expert Healthcare Management Services Limited” was changed to “Excellent Insurance Broking Services Limited” at the time of application to IRDA for grant of licence as Insurance Broker well before such name changes was made mandatory by IRDA on 21/05/2007.

Excellent Insurance Broking Services Limited (EIBSL) was Licensed by IRDAI as Direct Broker (Life & General) in the First Batch of licenses issued in January, 2003. Since then EIBSL has made steady progress. We have upgraded our license as Composite Broker in July 2013 after 10 years of service as Direct Insurance Broker.

EIBSL has always functioned with 100% compliance to IRDAI Regulations and hold blemish less record in the matter of compliances to IRDAI Regulations, Income Tax Act, Companies Act, Service Tax etc.

We have built a portfolio of large, medium and small enterprises. We have also built retail business in respect of Motor, Mediclaim, Overseas Travel and PA. We also hold good record of persistency under Life Insurance Policies because of our need-based selling process which prevents mis-selling.

On Reinsurance Broking, our strengths are mentioned briefly as under: (i) Committed and qualified manpower in place. We have 50 + employees including professionals experienced in insurance industry with qualifications such as ACII (London), FIII (Fellow Insurance Institute of India), AIII (Associate Insurance Institute of India), MBAs, Chartered Accountant (for Technical Accounting to handle reinsurance monies), Risk Inspection Engineers, IT & Software Engineers etc. (ii) We have software in place to take care of our fiduciary responsibilities especially in handling client monies / recoveries / remittances with proper accounting in strict compliance with IRDA Regulations which gives the required confidence to insureds.

We invest on effective software management systems by upgrading ourselves to market standards catering to the needs of the Insuring public.

Our Registered Office and Corporate Office is situated in own premises on Road No. 2, Banjara Hills, Hyderabad. We have a branch in Bangalore and a liaison office in Mumbai.

All our Quote Requests are accompanied by Risk Inspection Reports conducted by qualified and experienced Risk Engineers for total understanding of the Risk.

We are pioneers in the field of Cattle insurance under the Schemes of Government of Telangana and Government of Andhra Pradesh (Telangana and Andhra Pradesh are States in India), serving nearly 600,000 farmers, deploying technology to deliver services to rural areas.

EIBSL has also been conferred with “Skoch Order-of-Merit” Award during the 45th Skoch Summit held at Hyderabad in September 2016, having been adjudged amongst the “Top 100 Projects in India” for “Customer Service”.

Additionally EIBSL has also been conferred with “Skoch Order-of-Merit” Award during the 45th Skoch Summit held at Hyderabad in September 2016, having been adjudged amongst the “Top 100 Projects in India” for “Cattle Insurance Management System”.

To become a global insurance advisor providing most innovative and cost effective insurance solutions to everyone in need.

Key Personnel

Sri V SUDHAKAR Founder - Chariman & Managing Director

Shri V Sudhakar

Founder - Chariman & Managing Director

Shri Vakiti Sudhakar, an Ex-Serviceman, is the Founder-Chairman & Managing Director of Excellent Insurance Broking Services Limited. Established the Company as “Expert Healthcare Management Services Limited” in August 1999, which was later changed to “Excellent Insurance Broking Services Limited”. As a Visionary, he had incorporated ‘Insurance Broking Services’ as one of the main objects in the Memorandum of Association of the Company at that time itself i.e. even before formation of IRDAI (Insurance Regulatory and Development Authority of India). It was his vision that the concept of Insurance Broking will be essential to provide meaning to competition generated by entry of many Insurance Companies in particular in Private Sector(with participation of Foreign Insurance players), for truly representing the interests of policyholders and benefiting them and in turn generate Employment opportunities in the Insurance Sector which has high growth potential as well to penetrate into rural areas by creating employment opportunities to even less educated persons. Accordingly, Insurance Regulations came into India in the year 2000 by formation of Insurance Regulatory and Development Authority of India (IRDAI). Subsequently, Insurance Brokers Regulations came into force in the year 2002. In the year 2002 itself, as part of his vision, he ensured that the name of our Company “Excellent Insurance Broking Services Limited” includes the words “Insurance Broking” at the time of application to IRDAI for grant of licence. It is pertinent to mention here that subsequently IRDAI on 21/05/2007 issued a circular making it mandatory for all Insurance Brokers to have “Insurance Broking” in their name.

He has nurtured a team of dedicated professionals and guided the Company in its growth and establishing it in the market as an organization with sound ethical practices with excellent service track record.

Shri V Sudhakar is also on the Board of following Companies viz.
  • Heemankshi Bakers Private Limited
  • Elite Foundation
  • ER Techno Solutions Private Limited
  • E-Biscuits (India) Private Limited

Through Elite Foundation he conducts various programs of Human health activities for the upliftment of downtrodden and poor with a sense of social responsibility.

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A M Rao Joint Managing Director & Principal Officer

A M Rao

Joint Managing Director & Principal Officer

Was with The New India Assurance Company Ltd. from 1977 till voluntary retirement in June 2003 and worked as Regional Manager at Ahmedabad & Hyderabad. He has served in all tiers of New India Assurance viz.Divisional Office, Regional Office & Head Office.

Since August 2003 he has been with Excellent Insurance Broking Services Limited in the Higher Management Cadre.

He is a First Class Commerce Graduate and passed the Intermediate Examination of Institute of Chartered Accountants of India. He is also Associate of Insurance Institute of India (AIII).

He carries 39 years of rich experience (26 years in the General Insurance Industry encompassing Finance & Accounts, Legal, Auditing, Technical (underwriting & claims) and established management information systems. He has sound knowledge on all facets of General Insurance Industry including legal and auditing skills + 13 years in Insurance Broking).

He had handled many large claims arising out of Gujarat Earthquake.

Conducted Internal Audit of Head Office Technical Departments including Reinsurance Department at NIA HO continuously for three years and as such has exposure to Reinsurance Arrangements at HO Technical Depts. and also to Reinsurance Accounting at Reinsurance Department.

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V N Rao Dy. Managing Director & Compliance Officer

V N Rao

Deputy Managing Director & Compliance Officer



Formerly Branch Manager in The New India Assurance Co. Ltd having implemented prestigious schemes like ‘Aarogya Raksha’ of Govt. of Andhra Pradesh launched on 31st March 1999.

Has more than 25 years of experience with New India Assurance followed by more than 12 years in our company. He is also Associate of Insurance Institute of India (AIII).

Also worked on ‘Student Safety Insurance Schemes’ to various Educational Institutions and also Designed and implemented Blood Donors Insurance Scheme in 1998.

He has also finalized Personal Accident Insurance Coverage to Hyderabad City Police and RR Dist., apart from Bank of Baroda Staff Co-op Society and SBH Officers Association.

He has handled a number of Corporates, Govt. Bodies and SMEs. in his service with us.

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B SHALINI Director

B SHALINI

Director

An MBA & B.Sc (Statistics).

She is the Director of Excellent Insurance Broking Services Limited since 2008 responsible for HRM and also is well versed in underwriting of project insurance covers.
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CA G Vikramasimha Reddy Executive Director (Finance)

CA G Vikramasimha Reddy

Executive Director (Finance)



Qualified Chartered Accountant - FCA

Has more than 20 years of experience in Finance, Audit, Taxation and Accounts and well versed in compliance requirements of tax laws, IRDAI Regulations etc.

Have been handling Insurance Broking Finance & Accounts since 2003

Capable of handling Complex Accounts including Reinsurance Accounts as per the laid down procedures being a qualified Chartered Accountant

Well versed with Technical aspects of Group Life Insurance Solutions like Group Gratuity, Employees Deposit Linked Insurance (EDLI), Group Leave Encashment, Group Pension etc.

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B S Viswanatha Rao Executive Director (Marketing) & Head – Life

B S Viswanatha Rao

Executive Director (Marketing) & Head – Life Insurance



Mr. B S Viswanatha Rao, M Com, AIII, carries 17 years of insurance experience in The New India Assurance Co. Ltd. before joining EIBSL in 2001

He was responsible for underwriting and claims of various policies. He had handled administration and claims settlement of mega policy of Group Janata Personal Accident Policy issued covering all the employees of Govt. of Andhra Pradesh.

He is also having good exposure in underwriting and settlement of claims of Marine and Health & PA Insurances.

As Marketing person, he could bring a large number of SME clients which form good support base without volatility.

He is known for his persuasion skills and client relationship skills, which resulted in good volumes of business to EIBSL

Qualified as Direct Broker under IRDAI regulations after completing Training and passing the examination conducted by NIA, Pune.

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A VARUN Executive Director (Marketing)

A Varun

Executive Director (Marketing)



Qualified as Composite Broker under IRDAI regulations after completing Training at NIA, Pune and passing the examination conducted by NIA, Pune. Has completed 13 years of experience in our organization.

As a person responsible for Business Development, he has brought in many clients exhibiting marketing flair.

He is known for client handling and relationship maintaining skills in Direct as well as Reinsurance areas. He has established contacts with many Reinsurers and Reinsurance Brokers including Lloyds.

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G KARTHEEK REDDY Executive Director (Technical & Marketing)

G Kartheek Reddy

Executive Director (Technical & Marketing)



B.Tech, F.I.I.I and qualified as Composite Broker under IRDAI regulations after completing training with Insurance Institute of India and passing the examination conducted by NIA, Pune.

Past Experience: 6 years at Infotech Enterprises Ltd., Hyderabad (Including 3 years in USA). Handled cattle insurance management system in our company for more than two years including underwriting and claims management.

As part of our reinsurance team, he is in touch with reinsurers and reinsurance brokers.

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KR SUNEETHA Executive Director (Admin & Technical)

KR Suneetha

Executive Director (Admin & Technical)



An MBA & Fellow of Insurance Institute of India

Has been with our Company since 2003

She has been looking after Major Corporates, Govt. Bodies and Govt. Companies encompassing Total Underwriting and Claims Management.

Having done her MBA with Institute of Public Enterprise, Hyderabad she has put in her best efforts in developing and streamlining the operations and systems in the organization.

Being a Fellow of Insurance Institute of India she has been contributing for building up technical competencies of personnel by developing and adopting suitable training tools.

As part of our Reinsurance team, she has handled many facultative proposals and treaty underwriting.

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CONTACT US

Registered & Corporate Office (Own Premises)

CONTACT

P: +91 (40) 4455 25 25/26 (Mon to Sat - 9:30 am to 5:30 pm)
M: +91 98496 995 30/15/31 (After Office Hours & Holidays)
F: +91 (40) 4455 25 45

WRITE US A MESSAGE

Info@eibroking.com
Or just fill the form below

ADDRESS

301 & 302, Plot No. 7-B, Lumbini Mall, 3rd Floor,
Banjara Hills, Road No. 2, Hyderabad – 500034, Telangana State, India

Branch Office - Bengaluru

CONTACT

P: +91 (80) 2346 04 50/51
F: +91 (80) 2346 04 52

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Bangalore@eibroking.com
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ADDRESS

No.63/2, 2nd Floor, Akshya Building, 3rd Main road,
18th Cross, Malleshwaram, Bengaluru - 560 055, Karnataka State, India

Liason Office - Mumbai

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Mumbai@eibroking.com
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OUR ADRESS

302, Rajgir Court, B-Wing, Johinoor Road,
Dadar (East), Mumbai - 400 014, Maharashtra State, India

CONTACT FORM