What is considered a group health plan?

If you are an employee of the company or a member of an organisation, your employer or organisation may provide healthcare insurance benefits covering all the eligible employees or members like you, then that insurance policy is known as a group health plan. Health insurance coverages are offered in many ways such as individual health […]

Read More

What is ITC A in marine insurance?

Marine Inland Transit Coverage Insurance solutions will help you in safeguarding yourself from the various risks which are associated with the goods when they are in transit. By marine inland transit coverage, you are able to avail coverage against loss, damage or destruction which can happen to goods while they are in transit over land […]

Read More

What is Open cover in marine insurance?

The open cover is a category of marine insurance policy in which the insurance provider will provide coverage for all the cargoes shipped during a specific policy period. The open cover is most commonly procured by those companies which make very frequent shipments. This policy can act as a blanket cover for businesses thus helping […]

Read More

What is the difference between an open cover and an open policy?

The open cover is a category of marine insurance policy in which the insurance provider is ready to provide cover for all the cargoes which are being shipped during the policy term whereas an open marine insurance policy will provide cover for an indefinite number of requirements arising in future. This means Open marine insurance […]

Read More

What is per bottom limit in marine insurance?

“Per bottom limit” is an important feature of an open cover marine insurance policy. An open marine insurance policy describes the cargo, voyage, and the insurance cover in general terms. It will naturally take care of all the shipments which fall under its scope. Issued for 1 year, this policy is renewable annually and can […]

Read More

Can a husband and wife have group health insurance?

Group health insurance plans are the healthcare benefits offered to the group, company or  all the eligible members of typically a group of employees. Most of the companies offering healthcare benefits for employees also allow them to avail cover for their dependent family members such as a spouse, dependent children and parents. That means group […]

Read More

What are the advantages of group plans?

Generally, group insurance plans are purchased by the organisation or employers for their employees and for the well-being of their family. Group health insurance plans are customised based on the needs of the group and its members. Group plans offer numerous advantages to both employer (group) and employees (members). Following are the advantages offered by […]

Read More

What is the difference between group health insurance and individual health?

For salaried individuals, when it comes to considering health insurance, there are broadly two options available – group health insurance and individual health insurance. Though both the plans offer healthcare coverage to an individual or the family, both the plans differ by definition, details and in other ways. Understanding the difference between group health insurance […]

Read More

What are marine protection and indemnity insurance?

Marine protection and indemnity insurance (P&I) liability insurance are designed for addressing the needs associated with the marine industry. This insurance helps in providing cover against all maritime risks that can be associated with vessel operation, third-party damages that can be caused to cargo or risks associated with environmental damages such as pollution, war, oil […]

Read More

Why is marine insurance necessary?

Marine insurance is needed when the risks are associated with marine activities. These marine activities can include transportation by oceans and waterways or other means and mediums, building or maintaining water-going vessels, ships or submarines, etc.  Some of the major reasons which make the purchase of marine insurance necessary.   a. The occurrence of natural […]

Read More