Senior citizen health plan are specifically designed to provide coverage for older individuals. Senior citizens aged 80 years can avail comprehensive health coverage under suitable insurance plans. Age consideration is crucial when buying a Senior Citizen Insurance Plan in India because it determines the eligibility, premium cost, and coverage options, ensuring suitable coverage for the […]
Search Results for: office insurance
Here's what we've found for you
What property Insurance should SMEs buy?
Property Insurance is an essential tool that helps in the smooth functioning of business even after a mishap. Every SME owner remains skeptical to buy a property insurance policy but it should be the first priority for small businesses. Key Takeaways The Small Business Imperative: Initial cash management must prioritize structural safety nets, demonstrating that […]
What will be the cost of a fire insurance policy?
Cost of a Fire Insurance Policy Fire Insurance is the perfect protection plan for your offices, home, and any other workplace. It protects your building, assets, furniture, and fixtures against a series of perils. Claims can be settled under this policy either on a market value basis or on a reinstatement value basis. So, what […]
What is a TPA and what are its functions in health insurance?
TPA stands for Third Party Administrator. It is an intermediary company between an insured and an insurer. It provides a supporting role to the insurer in terms of claim settlement. This body obtains a license from IRDA in order to function in the insurance industry. The third-party administrator knows all the aspects of health insurance […]
What do you mean by EPLI? Is it covered in D&O insurance?
The Directors and Officers (D&O) insurance policy can cover employment practices Liabilities if the extension has been purchased. Employment Practice Liability Insurance (EPLI) is the name of this extension. All D&O insurance cover claims made by employees on officers. However, unless you have an EPLI extension, employment claims made on the company will not be […]
What is professional indemnity insurance?
Professional indemnity insurance, popularly known as PI Insurance or professional liability insurance (PLI), offers coverage to professionals like consultants, lawyer, architects, doctors etc against the error and omission claims filed by a third party i.e. clients. This policy indemnifies you against the legal cost and protects your professional reputation. Any claims arising out of negligence […]
Can standardisation of exclusions in health insurance policies help customers?
Published in Mint on 31st July 2018. Malti Jaswal, chief operating officer, Health Insurance TPA of India Ltd Need to rationalise scope of exclusions One of the most contentious issues, which is also the reason for the highest number of grievances lodged by health insurance policyholders, pertains to “exclusions” under a health insurance contract. As more […]
How much professional indemnity insurance cover do I need?
Professional Indemnity Insurance provides financial protection against negligence, breach of duty etc. if being a professional you are not prepared for events like error or omission, breach of duty etc, it can prove to be the recipe for ultimate failure. It is very important to buy professional indemnity insurance with an optimum level of coverage. […]
D&O liability insurance – a claims-made policy
D&O liability insurance – a claims-made policy A directors’ & officers’ liability insurance is usually a claims-made policy. It indicates that the D&O liability insurance includes only the claims that occur and are reported while the policy is active. A claims-made policy is different from a claims-occurred policy. Because, in the latter, the policy that […]
What is Side A coverage for directors and officers liability?
Directors and Officers liability is a comprehensive policy comprised of Side A, Side B, and Side C. Side A protects the directors and officers only. Here, takes the claims against directors into consideration when the company is unable to pay because of bankruptcy or legal provisions. On the other hand, Side B and C require […]