Insuring wealth and human capital

Liability Insurance

Insurance provides a financial guarantee for contractual or common law indemnities. Good liability risk management can reduce the chances that your business will be sued, but it can never eliminate the risk entirely. Liability insurance initially provided defence and payment for claims related to bodily injury and/or property damage to third parties caused by the Named Insured. Through evolution, the scope of coverage was expanded to include other coverage related to losses, such as personal injury, contractual, products/completed operations and medical payments.

Health Insurance

Health is a human right. It’s accessibility and affordability has to be ensured. The escalating cost of medical treatment is beyond the reach of common man. Health care has always been a problem area for India, a nation with a large population and larger percentage of this population living in urban slums and in rural area, below the poverty line. The government and people have started exploring various health financing options to manage problem arising out of increasing cost of care and changing epidemiological pattern of diseases.

Employee Benefits

Employee benefits and/or benefits in kind (also called fringe benefits, perquisites or perks) include various types of non-wage compensation provided to employees in addition to their normal wages or salaries. The purpose of employee benefits is to increase the economic security of staff members, and in doing so, improve worker retention across the organization. As such, it is one component of reward management.