Our Insurance Services and Solutions financially strengthen the policy holder in their misfortune. Individual risks being pooled and shared, this becomes one of the most effective ways to avoid financial hassles in life. A fixed amount, known as premium, as per the nature of policy is paid to the insured person in any kind of accident or misfortune. The premium paid depends upon factors like risk level of policy holder and likelihood of any risk.
Insurance Services
What is insurance?
Insurance is a policy from a hefty financial organization that provides an individual, company, or any other business entity, repayment or financial shield against probable future losses or damages. This is a mode of financially ensuring the insured individual, company or the business entity that if such an incident happens then the loss does not affect the present well-being of the person or the property insured. Thus, through insurance, a person procures security and protection for himself or his assets against future losses.
Two kinds of Insurance:
Life insurance
General insurance
Difference:
General insurance pays out:
If a car has an accident or is stolen
If a house catches fire or is burgled
If a holiday has to be cancelled
If someone is careless and damages other people's property
Life policies pay out when an event happens:
When someone dies
When someone survives beyond a specific date
Premium will depend on your age, your health, and your occupation
Insurable Interest
Insurable interest is a fundamental principle of insurance. It means that the person wishing to take out insurance must be legally entitled to insure the article, or the event, or the life. In other words, the happening of the event insured against, or the death of the life insured must cause the policy holder financial loss.
Life insurance is a financial beneficial tool that insures your family and you against the loss of life. In the event of death, the insurer pays the insured a sum of money so that the flow of normal life is not affected. It also acts as an effectual tool of investment and as a tax saving tool.
Why consult us?
Our life insurance department helps you choose from a wide variety of life insurance policies, keeping in your mind your specific requirements. We are an IRDA approved independent and unbiased investment advisor who have been helping our clients in choosing the Life Insurance policy that suits them the best.
With in-depth domain expertise and extensive knowledge base, we have managed to render effective General Insurance consultancy services. These comprises following:
Health Insurance
Our health insurance plans protects you and your family by providing total health & medical insurance coverage. We help you chose the most affordable of health plans that cover you during sudden illness, surgeries, and accidents and against acts of terrorism. With our insurance policy you also get tax benefits under section 80D.
Working:
These private health policies offer partial control over the choice of provider, facility and timing of treatment. It covers all the medical expenses which include reimbursement of Hospitalization / Domiciliary hospitalization expenses foe illness/ disease suffered or accidental injury sustained during the policy period.
The policy pays for expenses incurred under the following heads:
Room, Boarding Expenses in the hospital/ nursing home
Nursing expenses
Surgeon, anesthetist, medical practitioner, Consultants, Specialist fees
An anesthesia, blood, oxygen, OT charges, Surgical appliances, Medicines and drugs, Diagnostic Materials and X-ray, Dialysis, Chemotherapy, Radiotherapy, Cost of Pacemaker, Artificial Limbs and Cost of organs and similar expenses.
Relevant medical expenses incurred during period up to 30 days prior to and period of 60 days after hospitalization are treated as part of the claim
Household Insurance Policy
We understand your requirements to render security to your residential property and your property and valuables at your home. The most admired household insurance cover available in the market is the Householders’ Insurance policy. Any loss or damage to the house or household goods causes not only financial stress but also emotional and sentimental sufferings. Household insurance helps to lessen the financial losses, arising out of risks of fire, robbery, natural disasters, breakdown of household appliances and individual liabilities.
The particular risks covered under each section are:
Household contents & building (cover for fire and allied perils)
Household contents (cover for burglary, housebreaking and theft)
Jewelry and valuables
Plate glass
Breakdown of domestic appliances
TV, VCR
Pedal Cycle
Baggage
Personal accident
Third party legal liability & workmen’s compensation
Service provider of business finance consultants, project finance services & project finance. Also offering services which includes tax consultant, legal tax consultant, income tax consultant and business tax consultant.
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