Shikhar Insurance Company Ltd. (SICL) is an established General Insurance Company promoted by a young team of reputed Industrial and Business Houses involved in various fields like Aviation, Banking, Manufacturing, Trading, Travel Trade, Media Houses etc.
Insurance basically involves a group of people agreeing to share risks. It is a very old idea which started back when sailing ships got destroyed or lost their cargoes. Merchants found that by dividing their cargoes among several boats, they protected themselves from total financial ruin. That way, if one of the boats was destroyed, no merchant lost everything. Each stood to lose only a small portion.
Along with the personal benefits of insurance, it helps society by reimbursing people and businesses for covered losses, encouraging accident prevention, providing funds for investment, enabling people to borrow money and reducing worry and stress related to accidents or unfortunate events that may occur.