Dalmia Securities Private Limited

Group term solutions help provide affordable life cover to members of a group. The cover could be uniform or based on designation/rank or a multiple of salary, and can be extended to all employees between the ages of 18 and 65 years. The benefit under the policy is paid on the event of the member's death to the beneficiary nominated by the member. It is a one-year renewable policy where one master policy covers all proposed employees comprising the group which may be suitably modified depending on employees joining and leaving the organization.

Group Gratuity Insurance helps Employers fund their Gratuity Liability in a scientific and consistent manner without sudden pressure on their resources. Approved Gratuity Plans enable Employers to effectively plan taxes. The policy can be customized to include additional benefits apart from statutory requirements, if the organization so wishes. Thus the plan can be developed to build employee loyalty towards the organization.

It offers substantial benefits to both Employers and Employees. The employer and employee can avail tax benefits applicable to approved superannuation trusts. The Scheme will provide for a retirement fund for each participating employee. An employee would be able to choose from various annuity schemes and it will also provide benefit of partial commutation of superannuation benefits.

It is mandatory for each employer to make a provision for its liability towards leave encashment. Leave Encashment policies enable organizations to effectively address this issue on an on-going basis.

A part of Employers contribution to Provident Fund goes towards Edli. The Group Insurance Scheme through a Life Insurance Company provides a better alternative where the employees can get higher risk coverage at the same contribution amount, instead of directly contributing to Edli

This product is a hybrid between regular investment and Life insurance cover. The employer can provide the benefit of GSLI to its employees where the employees can opt to participate in this scheme by making a small monthly contribution from their salaries.

Human Resources are critical for the success of any organization. To recruit and retain the right talent, it is imperative to provide employees with adequate covers for critical illnesses. This rider can be taken in conjunction with any Group Policy.

Unit Linked Insurance Products are an ideal mix of insurance and investments. They enable the Assured to get a high risk cover as well as take a professionally managed exposure to equities and fixed income instruments, depending on their risk profile.

Pension Plans are an ideal tool to save in a disciplined manner in order to create an assured income flow for one's retired life. This enables individuals to maintain their standard of living post retirement, especially for those who are not entitled to pension benefits from their employers.

Of late, Life Insurance Companies are also allowed to issue Health Insurance policies. These policies are issued in the form of Benefit Covers where the Assured is entitled to get a fixed sum upon diagnosis of diseases / illnesses covered under the policy. These policies are different from the reimbursement health policies issued by General Insurance Companies.

Whole Life Plans are a means to create an estate for ones heirs. Under such policies, the premium can be paid in a lump sum, for a fixed tenure or over ones entire lifetime. However, the benefits under such policies are payable only upon the unforeseen death of the Assured to their nominees. Such policies are ideal for individuals having surplus income or sudden gains, and wanting to accumulate wealth over their lifetime for their loved ones.

Waives policy premiums on various events such as death, disability, dismemberment, critical illness and so on

• Accidental death / disability/ dismemberment rider – where the insured / nominees get various sums of money depending on the severity of the accident

• Critical illness rider – where either the basic death benefit is paid in advance upon detection of the critical illness, or additional benefit is paid on detection of listed critical Illness

This is an umbrella policy which covers the stock turnover of the company through import, exports, purchases and sales.

This is a specially designed policy for small shopkeepers to cover their various General Insurance needs under one policy.

This is a comprehensive policy to cover the various General Insurance needs of an office under one umbrella.

This policy provides medical insurance benefits to the employees by an employer. These policies are tailor made and designed to include certain add-on benefits like coverage to family members including old age parents, maternity benefits, coverage of preexisting diseases, etc.

This policy covers loss caused by misappropriation of funds / goods, or damage to property caused by ones employees. Such a policy is useful to the employers and protects them from embezzlement, forgery, fraud and dishonesty on part of their employees. Blanket cover is also available for the entire staff or a group of employees.

This policy covers relating to liabilities arising out of professional negligence, or more particularly a genuine error of judgment. This could arise due to wrong or careless advise / actions of professionals like lawyers, accountants, doctors, architects, brokers, actuaries etc which results in their clients suffering or incurring monetary losses by relying on their advise or actions.

This policy covers the amount which the insured becomes legally liable to pay as damages to third parties as a result of accidental death, bodily injury ,loss or damage to the property belonging a third party.

This policy covers the statutory liability of an employer for the death, bodily injury or occupational diseases sustained by the workmen arising out of and in the course of employment.

A business faces liability risk arising out of defects in goods manufactured or sold. If a person is caused injury from any product he purchases such as food stocks or medicines and can prove that the seller or manufacturer was to blame, he could succeed in a claim to damages. A product liability insurance policy protects against such claims.

This policy covers all sums for which the insured shall become liable to compensates a result of physical loss / damage to goods or merchandise in transit, including loading /unloading and while temporarily stored on or off vehicles in the ordinary course of transit.

This policy provides cover for defense costs as well as the amount of compensation for which a director or an officer may be liable to pay for his negligence in discharging their duties since they are held responsible for the behavior of a company and various stakeholders can take action against the directors individually.

This covers third party liability and / or death and property damage. Compulsory personal accident covers for the owner / driver is also included.

Under this policy, the insurer agrees to pay a specific sum of money to the insured in case of bodily injury by accident and to their nominees in case of death by accident. A personal Accident Insurance like Life Insurance is not a contract of indemnity and therefore the insurer has to pay a fixed sum of money on the death or total disablement of the insured.

These policies are generally available for overseas travel to cover risks such as loss of baggage, accidents involving injuries, illnesses and medical emergencies requiring hospitalization, etc. This can be taken as a single trip policy or a multiple trip policy covering a certain period of time.

Endowment plans provide the benefit of life cover to the assured till maturity as well as investment returns. These plans are available With or Without Profits. In case of With Profit Plans, the Insurer declares a bonus every year depending upon the performance of the Scheme which is payable to the Assured along with maturity benefits. In case of Without Profit Plans, the Insurer pays an assured amount of returns irrespective of its performance.

Term Insurance is a pure insurance cover without any element of savings and is the cheapest form of insurance. Such a policy enables the Assured to get a high risk cover and create an instant estate at very low premiums. The nominees of the Assured are entitled to Death Benefits within the policy tenure. There are no Survival benefits on such policies.

These are Term insurance policies which provide an alternate collateral against the repayment of any debt like Housing Loan etc. This enables one to ensure that their heirs do not have to bear the burden of their liabilities while continuing to enjoy the assets created against such liabilities.

Loss of property by fire is covered under fire insurance. The insurer is liable to make good the loss only when the loss is caused by actual fire. The phrase ‘loss or damage by fire’ also includes the loss or damage caused by the efforts to extinguish fire. Standard fire and special perils policy usually cover loss due to the following perils -
• Fire
• Lightning
• Explosion
• Storm, Cyclone, Typhoon, Hurricane, Tornado
• Landslide
• Riot and Strikes
• Malicious and Terrorism damages
• Aircraft damage
• Overflowing of water tanks and pipes etc.

protects the ship owner or carrier owner against damage caused by the ship to docks, cargo, illness or injury to the passengers or crew, fines and penalties.

Credit insurance provides a business with protection against failure of its customers to pay their debts timely or in full.

This is a Personal Accident policy provided by an employer to their employees.

Such a policy provides protection against loss or damage caused by house-breaking , robbery or theft. Full details of all the insured articles within the premises are given in this policy. For a household, such items may include, jewellery, electronics and other valuables whereas for a business premises it could be stock in trade, cash in safe, fixtures and fitting etc.

This is a comprehensive policy specially designed to meet the General Insurance requirements of householders.