Employers remain the biggest group to subscribe to Group Mediclaim policies. The benefits of Group Mediclaim policies are that they provide protection to the employees of an organization and can be claimed when necessary. Employers can pay premiums on behalf of their employees, and can later claim tax deductions under Section 36 (1) (i ) …
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All vessel owners need protection from potential threats above and beneath the ocean surface. The vessels engaged in transporting the goods are expensive. In case they are damaged, the owners would incur heavy financial losses. A Hull Insurance policy covers the vessel and its equipment i.e. furniture and fittings, machinery, tools, fuel, etc. A …
Symbo’s Marine Insurance Platform one-stop solution to all your needs! Check it out!
It is insurance is like third party insurance in case of car insurance for damages which are faced by the insured. When goods are being transported in the ship collides with another ship and causes damage, there would be a financial liability. The marine liability insurance policy pays for such financial liability faced by the …
Symbo’s Marine Insurance Platform one-stop solution to all your needs! Check it out!
The premium of a marine insurance plan depends on the following factors The nature and value of the goods which are being transported Applicable freight incurred for transportation Any inherent risk in the goods The route being taken for the voyage The type of vessel used for transportation and its construction The destination of the …
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Businesses involved in transporting goods internationally or within the country need a marine insurance policy to Safeguard the financial loss which is incurred when the goods are damaged or destroyed during transit Maintain the profitability of the company Protect the business from sudden financial setbacks Why should business owners buy a marine Insurance policy? Carriers, …
The Workers’ compensation law mandates all companies and organisation that fall under the workmen compensation act to abide by the rules and provide WC plan to their employee. A workmen compensation insurance plan is specially designed insurance that caters to the workplace against accidents or injuries. The plan provides cover to employers/business owners and compensates …
The Workmen’s Compensation Act,1923 offers compensation to workers and their dependents in case of an accident that may arise out of and in the course of employment resulting in disability or death. It helps an employer by covering the legal liability which may arise when any of its workers meets with an accident at the …
The Oriental insurance company offers workmen compensation policy with comprehensive coverage that can adequately secure your business and your most valuable assets, employees. Oriental Insurance Company’s WCP Inclusions Exclusions Death Compensation to dependents when the employee dies due to workplace accidents. Any injury attributable to war, an act of foreign enemy, invasion, hostilities Permanent/temporary …
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National Insurance Company’s workmen compensation policy provides indemnity to the insured employer against statutory liabilities towards its employees. National Insurance Company’s WC Policy Inclusions Exclusions Death Any injury in a workplace accident to employee while under the influence of drugs, alcohol or any other intoxicating substances Loss of income due to Permanent/temporary or Full/partial …
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Bajaj Allianz’s workmen compensation (WC) policy protects your business against statutory liabilities and provides the insured with a coverage in case of the death, occupational disease or any other injury by accident occurred during the course of the employment. Bajaj Allianz General Insurance’s WC policy Inclusions Exclusions Death Any non-fatal injury caused by any accident …
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