Provident Fund Insurance Scheme
Group Provident Fund Insurance Scheme provides life insurance coverage to the members of the provident fund scheme of an employer. The amount of coverage of each member depends upon his…
Sadabahar Plan
Sadabahar is an anticipated endowment type with-profit plan that provides lump sum benefit at certain stages during the premium-paying term or on earlier death. In addition, this plan has a…
Whole Life Assurance
It is a unique combination of protection and savings at a very economical premium. Death at any time before age 85 years terminates payment of premiums and the sum insured…
A new generation of climate risk solutions can unlock significant growth.
Employees are another constituency that will benefit from insurers’ societal impact strategies. As insurers continue to struggle to find the talent they need, a purposeful commitment to societal value can…
The impact on non-life carriers
The impact on non-life carriers Non-life insurers are already adjusting strategies to offset higher claims costs and expanding climate risk. As inflation stabilizes, more predictable claims cycles and improved returns…
ANALYSIS RELATED TONATURAL CATASTROPHES
Importance of analysing exposure to natural catastrophes One of the main effects of climate change on insurers is through the expected increase in natural catastrophes (NatCat)-related claims. In order to…
Workers Compensation
Workers compensation insurance covers the cost of medical care and rehabilita- tion for workers injured on the job. It also compensates them for lost wages and provides death benefits for…
Terrorism Risk and Insurance
Prior to September 11, 2001, insurers provided terrorism coverage to their com- mercial insurance customers essentially free of charge because the chance of property damage from terrorist acts was considered…
Residual Markets
In a normal competitive market, insurers are free to select from among people applying for insurance those drivers, property owners and commercial opera- tions they wish to insure. They do…
Types of Homeowners Insurance Policies
Types of Homeowners Insurance Policies There are several types of homeowners insurance policies that differ in the amount of insurance coverage they provide. The different types are fairly standard throughout…