General insurance

General insurance Solutions for Business / Personal Needs

1. Home Insurance
2. Motor Insurance
3. Travel Insurance
4. Health Insurance

Business Specific General Insurance Solutions

Stock and Industrial / Commercial Property Insurance (Fire/Theft/Burglary Insurance required by banks for assets mortgaged for working capital funding)

1. Plant & Machinery Insurance: The policy largely covers damage or loss to the plant & machinery.

2. Keyman Insurance: it is defined as an insurance policy where the proposer as well as the premium payer is the employer, the life to be insured is that of the employee and the benefit, in case of a claim, goes to the employer. The policy contributes to the company’s tax planning* - Premium allowed as business expense under section 37(1) of Income Tax Act, 1961, subject to satisfaction of the assessing officer. Please get in touch with us to know more on this. Write to us at finanscorporateservices@gmail.com

3. General and Professional Liability Insurance: This policy helps your business bear the cost of liability claims arising from a third party bodily injury or property damage. In case any lawsuit is arsing against your enterprise you may be liable to pay huge legal fees. Without this cover, the entire expense will be on you. The most common liability covers include- general liability, public liability, professional liability and commercial umbrella insurance.

4. Marine Insurance: It is a type of insurance extended for marine industries, where the insurer covers against the loss due to any maritime perils or causalities in the sea including fire, war, pirates, perils etc.

5. Construction's All Risk Insurance: This policy offers extensive coverage against the loss during construction, contract work, construction machinery etc. This policy is specially designed for architects, financers, construction engineers, which covers the destruction of any ongoing projects. Apart from the material damage, it also covers third party liability arising out of fatal injury, property damage etc. Perils like fire, earthquake, water damage, storm, cyclone etc. are also covered.

6. Erection All Risk Insurance: This policy provides comprehensive coverage against loss or damage to the installation of machinery or equipment. It protects the contractor or employer against physical loss or damage to the contract work, construction plant or machinery. It covers third party liability damage or injury as well.

7. Workmen Compensation: This policy covers the employer during a statutory liability arising out of death or injuries caused to the workers during the course of employment. The policy mainly covers bodily injury, death or temporary disability, permanent total disability, legal costs arising with the company’s consent etc.

8. Cargo Insurance: This policy is designed for the organisations dealing in the cargo business. The policy offers wide coverage against loss or damage caused to the cargo while in shipment between any two points by air/rail/road/train/or courier.

9. Transit Insurance: This policy covers the risks associated with the transit of goods and merchandise. The policy covers your business for loss or damage of cargo while transiting.

10. Cyber insurance: Cyber insurance policies are designed to help businesses overcome the effects of cybercrimes like ransomware, malware, distributed denial-of-service (DDoS) attacks, etc. that may be used to compromise a network and the confidential information. It is also termed as security insurance or cyber risk insurance; these products are customized to help organizations mitigate specific cyber risks.

11. Directors & Officers Liability Insurance (D&O Liability Insurance): Directors and officers liability insurance provides coverage to the employees working at the designation of Directors or officers in an organization. This insurance work against claims arising out of any actual or alleged decision or action taken by them.

12. Group Health Insurance: Group health insurance provides coverage to a specific group of people such as employees of a company or members of an organization. Also known as a corporate health insurance policy, the insurance coverage under this health insurance policy usually includes accidental hospitalization. Group personal accident cover can also be availed.

Life Insurance Solutions

Life insurance is basic requirement to seek cover for Accident Protection, Retirement, Child, Saving & Investment. Following are the various types of life insurance policies available to help secure your future, call us now to avail:

• ►Term insurance
• ►Term insurance with return of premium
• ►Unit Linked Insurance Plans
• ►Endowment plans
• ►Money-back policy
• ►Whole life insurance
• ►Group life insurance
• ►Child Insurance Plans
• ►Special Investment ULIP opportunity: 100% Money Investment in equity or debt fund of your choice and No upfront charges except mortality. Unique investment instrument to get you joy of an insurance plan and mutual fund. Call me at 9910350999 to know more or write to us at finanscorporateservices@gmail.com