Service - Insurance World

	CREDIT AND POLITICAL RISK	ECGC (EXPORT CREDIT GUARANTEE CORPORATION)
Commercial Lines
	PROPERTY / ENERGY	MARINE CARGO	BUSINESS INTERRUPTION
	Fire and Special Perils insurance with various add on covers. Property insurances are the most common commercial insurance, yet the most complicated at the time of claims. Add on covers like Terrorism, Impact Damage, Startup Expenses, Removal of Debris etc. may be opted.	Transit of Cargo by various modes viz Rail, Road, Air, Courier, Sea involve special types of risks. We are equipped to provide specific policies for single shipments, Marine Open policy and Sales Turn Over policy based on your requirements.	Business Continuity is a bigger concern than mere damage to property alone. Business Interruption and Start-up expenses cover provides the financial support required to bring business back to its pre-loss condition faster.
	PROFESSIONAL INDEMNITY	COMMERCIAL GENERAL LIABILITY	DIRECTORS AND OFFICERS LIABILITY
	Liability arising out of Error or Omission by persons providing professional services ( Doctors / Lawyers / Architects / IT Companies etc.) can be insured and the related risks can be transferred to insurance company. (Note: A Typical CGL Policy excludes liability arising out of delivery of professional services)	For every product and service delivered, there are possibilities of damage to Third Party Property or Bodily Injury and can invite litigations. Injury to persons visiting your premises or damage to their property can lead to a litigation. A CGL Policy takes care of the related compensation and defence cost for such unforeseen damages and injuries.	It covers: - Managerial Errors and Omissions, Misstatements, Breach of fiduciary duties; and - To Protect A Company’s Directors’ Or Officers’ Personal Fortunes Against The Consequences Of Their Personal Liability For Financial Losses Arising Out Of Their Wrongful Acts / Omissions.
	MACHINERY BREAKDOWN	INDUSTRIAL ALL RISK POLICY	PROJECTS
	Breakdown of critical machinery leads to substantial financial cost. This risk can be transferred by taking Machinery Breakdown policies. Further, MLOP policies can be taken co compensate for the business interruption subsequent to such machinery breakdown.	For larger organizations an Industrial All Risk insurance is more suitable as compared to Standard Fire and Special Perils policy. It is an all risk cover with inbuilt cover for Machinery Breakdown and Fire Loss of Profit cover.	Erection of a plant or construction of a building have larger risks and need a wider cover. Project insurances cover the execution of these projects on all risk basis under EAR ( Erection All Risk ) and CAR (Contractors All Risk ) policies.
	SME PACKAGE
	A SME package insurance allows multiple risks like Fire and Special Perils, Burglary, Electronic Equipment and Machinery breakdown etc. to be taken in a single policy. Small and Medium Enterprises, Shops, Offices, Restaurants, Hospitals etc. can take this policy.

Trade Credit
	A credit insurance policy protects a firm against bad debts and delayed payments. It also provides informed inputs on the quality of new / prospective buyers. The policy covers unsecured receivables of a company against non-payment by the buyer and alsocurrency inconvertibility risk due to political conditions in foreign country.	Specific Shipment Policies, Specific Buyer policies and Open policies can be taken to cover for Credit, Political and Non Acceptance risk. L/C, CAD and DP terms of payment can also be insured.

Employee Benefit
	WORKMEN / EMPLOYEE COMPENSATION (WC / EC)	GROUP PERSONAL ACCIDENT (GPA)	GROUP HEALTH INSURANCE
	This cover is mandated by Employee Compensation Act for insuring the liabilities arising out of employment injury to employees / contract employees. The policy is designed in line with the Workmen / Employee Compensation act. Further extensions for Common Law, Fatal Accident Act and Medical expenses can be added to the cover.	Provides cover on lump sum basis on benefit basis to employees on account of Death or Permanent disability on account of an accident. The policy can be further extended to cover Loss of Income due to leave from work on account of accident, related medical expenses. This cover is granted on 24x7 Worldwide basis.	Medical expenses incurred on account of illness / injury are covered under this policy. SME insurances for smaller enterprises and tailor made Group Health Insurance policies are available to meet your requirements. Further when an employee leaves group, he can continue the policy in individual name without any medical requirements.
	GRATUITY AND RETIREMENT BENEFITS	GROUP TERM
	Provisioning for Gratuity payments to employees and managing a separate fund. Further, there is additional benefit to provide benefit to employees family in case of death of employee while in service.	Life insurance of employees providing lump sum benefit in event of death of employee. Cover is provided to the group on prorate basis for additions / deletions.

Retail Lines
	HEALTH INSURANCE	PERSONAL ACCIDENT POLICY	MOTOR INSURANCE
	The basic cover being an indemnity cover providing reimbursement of expenses incurred on hospitalization due to illness / injury. Selecting the right cover is important at the time of purchasing the policy.	It provides lump sum compensation for death / disability due to accident. Further, loss of Income on account of Temporary Total Disablement and related medical expenses can be claimed on indemnity basis.	Comprehensive motor insurance policies with various add on like Nil Depreciation, Engine Secure, Consumables, Return to Invoice covers etc.
	HOME / DWELLING INSURANCE	FOREIGN TRAVEL INSURANCE	TERM INSURANCE
	Covers loss / damage to household property on account of Fire and Standard Perils, Burglary and house breaking, breakdown of domestic appliances etc.	A foreign travel insurance covers for the medical expenses incurred while on a foreign trip along with comprehensive add on covers like trip cancellation / curtailment, baggage loss and delay, personal liability etc.	It provides lump sum payment upon death of insured person. There are various options available like: ⎼ Return of Premium as survival benefit; ⎼ Increasing Sum Insured; and ⎼ Fixed term insurance along with Regular and Limited premium payment terms.

Services

GRATUITY AND RETIREMENT BENEFITS

GROUP TERM