Whether it is concerned with buying a dream house, accumulation of wealth, pay check or even covering basic human needs, the role of a successful insurance planning cannot be ignored. You must not believe that proper insurance planning can allow you to receive the same benefits by charging you lesser premium than before.
Bear in mind, insurance is an important risk management tool that can protect you and your family from financial hardship caused by unplanned events. In order to make this whole process more affluent, we work with our clients to identify your risks and implement cost-effective risk management program that has been developed with your specific circumstances and requirements in mind.
Types of General Insurance
Motor Insurance (Private Car / Commercial Vehicle / Two Wheeler)
As per the Motor Vehicles Act, 1988 it is mandatory for every owner of a vehicle plying on public roads, to take an insurance policy, to cover the amount, which the owner becomes legally liable to pay as damages to third parties as a result of accidental death, bodily injury or damage to property. A Certificate of Insurance must be carried in the vehicle as a proof of such insurance.
House Holder Insurance
The most popular domestic insurance cover available in the Indian market is the Householders’ Insurance policy.
To an average Indian, home is a cherished and precious possession, not just in terms of money, but also in terms of the sentiments attached to it. Any loss or damage to the house or household goods would cause not only financial strain but also sentimental setback. Household insurance helps to mitigate, at least the financial losses, arising out of risks like fire, theft, natural disasters, breakdown of household appliances, personal liabilities.
Office Protection Insurance
Cover for Building and Contents of an office against the perils like fire and allied perils, Burglary, Breakdown of Office equipment’s, Public Liability cover etc.
Shop Keeper Insurance
This is a package policy specially designed for small shopkeepers. It is a single policy combining the various insurance requirements of shopkeepers.
Machinery Insurance
This is a policy which covers financial loss incurred by the insured due to loss or damage to machinery as a result of sudden accidental electrical and mechanical breakdown. It reimburses the insured for the cost of repairs or replacement of machinery of like nature.
Marine Cum Erection Insurance
This is a comprehensive policy covering all physical risks which a project is exposed to right from the warehouse of the supplier of equipment - whether imported or indigenous - to its erection, testing and commissioning at the site.
In case the supplier has arranged transit insurance up to the site, a Storage cum erection policy can be issued limiting coverage to risks that the project is exposed to at the site only.
Fire Insurance
Fires and other related perils, i.e. events which cause a financial loss, have become a common cause of losses in recent times. These perils cause unspeakable loss to property as well as goods. That is why having a fire insurance policy becomes important. The policy covers the financial loss that you face when assets are damaged due to fire or other covered perils.
Burglary Insurance
Burglary insurance is an insurance policy which covers the financial loss that you suffer in case of a burglary or attempted burglary into your home or business premises. Burglary is defined as an act of forceful entry into the house or business premises with an illegal intention of theft.
