Corporate Insurance In India

Risks are part of life no matter whether it is concerning health, property, vehicles, business, and the list goes endless. Thanks to the concept of insurance that provides cover to risks on the said aspects. Insurance India covers the aforementioned risks, acting as a protective financial shield. The corporate sector today relies on corporate insurance to stay safe against business risks. Unpredictable occurrences may turn the entrepreneur a victim of financial crunch or even bankruptcy. With corporate insurance, businessmen can run their business affairs at ease.

The scope of corporate insurance covers employees, safeguarding them against personal accidents, sickness, etc.; business assets such as factories, trading/service properties, etc. In case of any accidents, the costs are borne by the insurer. Certain details need to be furnished while buying such an insurance; these are number of employees (with names, dependents), manufacturing unit specifications, trading unit details, and the like.

Investments involved in buying corporate insurance cannot be compared to other general insurance policies related to health, property, liability, student, vehicle, travel, etc. It is a huge investment and hence before buying this corporate insurance in India, do make a list of all the major insurance providers. Once you have made a list, you

Contractor’s Plant & Machinery Insurance- Benefits And Exclusions

Coverage: Plant and equipment often constitute a considerable part of a building contractor’s investment. Contractor’s Plant and Machinery insurance is an exclusive all risks policy covering the plant and machinery used by the contractors at the site for various projects.
Contractors Plant and Machinery Insurance covers the property whether they are at work or at rest, or being dismantled for the purpose of cleaning or overhauling, or in the course of operations or when being shifted within the premises or during subsequent re-erection, but in any case only after successful commissioning.

Interest Covered: Illustrations of machineries/equipment that can be covered under Contractors Plant & Machinery insurance are-
– Earthmoving equipment: Bulldozer, grader, scraper, excavator, loader, dumper, etc
– Concrete mixer, concrete pumps
– Lifting equipment and drilling equipment Road surfacing equipment:
– Batching plant for production of concrete of asphalt
– Concrete or bitumen paving machines
– Bitumen tank sprayers (iv) rollers

Duration: Normally on annual basis and to be renewed periodically

Scope: It is an all risks insurance policy covering loss or damage to the property by any cause other than those excluded-
– Fire, lightning, explosion, aircraft damage
– Riot, strike, malicious act
– Flood, inundation, storm, cyclone and allied perils

Choose your insurance package wisely

Just as money has its own language, insurances are no different. However, when it comes to protecting your future and the future of your family, making the decision to purchase the best life insurance, pension insurance, auto insurance, disability insurance, business insurance, homeowner’s insurance or health insurance is not a luxury, but a necessity. In fact, either of these insurances can make all the difference between a happy, secure life and a hunting life of unforgiving consequences. Needless to say, the fundamental purpose of insurances is to transfer the risk. None of us desires or plans a car accident or a disability, but the truth is that it can happen to anyone. Why let circumstances, faith, karma, luck or any other factor play with our lives and future, when we can take control of our lives? We don’t. We apply for insurances. However, with so much contraction and confusion in the insurance company, with companies buying other companies, companies that struggle with threatening bankruptcy situations, companies that become newspapers headlines for all the wrong reasons – it is crucial to assess the actual financial stability and strength of the insurance company you are considering. In fact, the most important point

Comprehensive and Collision Insurances

If there is something important to discuss about cars, it usually has something to do with insurance. Although some of us may consider it unnecessary, insurance is something you should never forget about. Comprehensive and collision insurances are two of the types of insurance that both offer room for savings during unfortunate car incidents.

Although one of them is not really required, drivers usually purchase both types of insurance to protect their vehicles from a wider range of situations. Comprehensive auto insurance is suggested to all drivers for situations which are not covered by collision insurance. If your car is old and potentially has a low resale value, you can probably get by without comprehensive insurance. Needless to say, any car owner cannot possibly drive a car without any insurance at all.

 

Getting a comprehensive insurance policy is more strictly enforced in many states compared with collision insurance. When procuring a car loan, it would be wise to consider collision and comprehensive auto insurance packages. In the unfortunate event that the car is damaged, the insurance policies should cover the repair fees. These insurance policies help protect the lending institution from fraud or abuse. Lenders require borrowers to have these insurance policies

Collision Car Insurances vs. Comprehensive Car Insurances Which is which

Car insurances vary according to the policies they provide. In California, some people would often have minimal insurance companies for the sake of following the law. Nevertheless, there are some who opt for additional liability help through collision car insurances and comprehensive car insurances.

Because these types of insurances are not really mandatory, it is the car owner’s prerogative on whether to acquire such insurance or not. Frequently, car owners with old cars do not opt for comprehensive or collision insurances because of the cost it requires. Nevertheless, for new cars under car financing loans, it is a requirement to have the car insured under comprehensive or collision damages.

 

Many people are often confused about the differences between the two insurance policies. Car owners who plan to buy such insurances need to keep these differences in mind. Collision car insurances only cover damages brought about by car accidents, specifically hitting or being hit by another car. Many cars often encounter car bumps and dents caused by reckless drivers. The high possibilities of car hitting are the primary advantages of acquiring collision insurances.

Comprehensive car insurances, on the other hand, offer car owners a vast coverage of auto insurance. Palm Springs car owners believe

Choose your insurance package wisely

Just as money has its own language, insurances are no different. However, when it comes to protecting your future and the future of your family, making the decision to purchase the best life insurance, pension insurance, auto insurance, disability insurance, business insurance, homeowner’s insurance or health insurance is not a luxury, but a necessity. In fact, either of these insurances can make all the difference between a happy, secure life and a hunting life of unforgiving consequences. Needless to say, the fundamental purpose of insurances is to transfer the risk. None of us desires or plans a car accident or a disability, but the truth is that it can happen to anyone. Why let circumstances, faith, karma, luck or any other factor play with our lives and future, when we can take control of our lives? We don’t. We apply for insurances. However, with so much contraction and confusion in the insurance company, with companies buying other companies, companies that struggle with threatening bankruptcy situations, companies that become newspapers headlines for all the wrong reasons – it is crucial to assess the actual financial stability and strength of the insurance company you are considering. In fact, the most important point

Cholamandalam Travel Insurance Plans

Indians are travelling like never before. Be it for leisure, business, further education or more, there is an estimated increase of 20% traffic travelling overseas every year. And a study shows that 80% of the travelers like to buy travel insurance policies online to ensure they are leaving their baggage of worries at home while they travel overseas.

There are many insurance companies offering travel insurance plans. Cholamandalam is one of the reliable travel insurance among these. Although most of the benefits arising out of Chola Travel Insurance are the same as others viz Medical Treatment, Repatriation of Remains, Dental Treatment, Checked Baggage Loss, Checked Baggage Delay, Passport Loss, Personal Liability, Hijack Relief Benefit, Hospital Daily Cash, Financial Emergency, Trip Cancellation, Trip Curtailment, Trip Delay, International Driving License Loss, Home Burglary, etc. However what sets Chola apart from others is:
Door-to-door Cover which means that your travel insurance starts the moment you leave your home for airport and ends when you return home from airport. Also it covers Personal Accident both overseas and domestic during your travel insurance validity.
Extensive network of hospitals and service providers all over the world.
Age Limit of family members starts from 3 months upto 80