Relevant information in group insurance proposal When discussing insurance, a proposal is a request to provide insurance or in other words, the form that you fill when you want to buy insurance. Key Takeaways The Good Faith Principle: Insurance is a contract of “Utmost Good Faith.” The proposer must reveal all facts that could affect […]
Search Results for: office insurance
Here's what we've found for you
How is a Claim Processed Under Group Personal Accident Insurance?
Personal accident insurance allows the insurer to get a fixed amount in case of an accident. A group personal accident insurance can help an organization to ensure the safety of its employees. Know how is claim processed under Group Personal Accident Insurance? Key Takeaways Immediate Notification is Critical: For both injury and death claims, notifying […]
Which Assets are Not Covered by The Fire Insurance Policies?
Any individual with an insurable interest in a property should purchase a fire insurance policy. The policy is a comprehensive cover that provides for losses incurred due to a fire. Any individual who owns a property, plant, manufacturing unit, stocks, bank, financial institution, etc. should purchase a fire insurance policy. The premium for the policy […]
Religare sells stake in its health insurance business
Published in Mint, on 13th April 2017 Religare Enterprises Ltd, on 9 April announced the sale of its 80% stake in Religare Health Insurance Co. Ltd (a standalone health insurance company), to a consortium of investors led by True North, a private equity firm. Religare will get about Rs1,040 crore for the deal and the […]
How is Indemnity Estimated in Fire Insurance?
The principle of indemnity ensures that there is no profit to the insured after the claim, and he/she only retains his/her financial position as it was before the loss. Estimation of indemnity will consider all the ways and methods to ensure this application in every insurance contract, including fire Insurance. Key Takeaways The Core Anti-Profit […]
As insurance payouts rise, so could your premiums
Published in Mint, on 10th April 2017 From this financial year, your insurance agent is eligible to get a higher payout for selling you a policy, but did you know that this may increase your premium as well? Last month, the Insurance Regulatory and Development Authority of India (Irdai) in a series of circulars has […]
Should You Include Dependent Parents of Employees in Group Health Insurance?
Allowing the inclusion of parents of employees under the group health insurance policy has its own advantages and disadvantages. While including them or not should entirely be your decision, understanding the implications will help make an informed decision. Advantages of Inclusion Disadvantages of Inclusion A great relief to the employees Increased claim rate Very few […]
Group insurance schemes available for companies
Group insurance schemes available for companies Employee engagement and security are important for employee retention. In order to achieve this, employers can take care of an employee’s concerns over financial security, medical expenses, and workplace safety. To this end, there is a range of group insurance schemes available for companies. Key Takeaways Layered Financial Security: […]
What Are the Additional Benefits Available in the Group Personal Accident Insurance?
Key Takeaways Equivalence in Catastrophic Claims: In comprehensive corporate risk frameworks, a Permanent Total Disability (PTD) payout matches the full accidental death benefit, reflecting that a lifelong paralyzed state ends future earning capacity. Continuous Global Protection: High-tier enterprise policies feature 24/7 worldwide applicability, underwriting employees against travel hazards whether they are on an official assignment […]
What Are Additional Benefits Available Under Group Health Insurance?
A group health insurance policy provides standard cover to employees of a firm or members associated with a group. The employer can bear the premium cost (in the case of employer-employee relation) or the group members jointly can do so. Top-up covers are available to an employee, which then makes it a contributory plan. This […]