Letter of Credit vs Trade Credit Insurance

Letter of Credit vs Trade Credit Insurance

Today’s volatile economic environment has increased the risks for businesses manifold. The issue of unpaid invoices is one of the biggest challenges facing many businesses today. Fortunately, there are financial instruments which can be used to mitigate the risks of non-payment of invoices and this article will explain a couple of them: Letter of Credit […]

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What are Supplementary Payments covered under a Commercial General Liability Insurance Policy?

Supplementary Payments covered under a Commercial General Liability Insurance Policy

One important feature under a Commercial General Liability Insurance Policy Coverage is cover for Supplementary Payments. This article will explain in detail all forms of Supplementary Expenses covered under a CGL Insurance Policy. What are Supplementary Expenses under a CGL Insurance Policy? A typical Commercial General Liability Insurance Policy defines Supplementary Expenses as under: Reasonable expenses (other […]

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What is the Claim Process in a Group Health Insurance Policy?

A simple claims settlement process is one of the important features of Group Health Insurance Policy and it is important for employers to understand the Claims Process under a Group Health Insurance Policy. A Group Health Insurance Claim is a request submitted by the Insured Employee under the Group Health Insurance Policy to claim reimbursement […]

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12 Perils Covered under a Standard Fire and Special Perils Insurance Policy [Infographic]

12 Perils Covered under a Fire Insurance Policy

Business owners invest crores of rupees in assets such as plant and machinery, buildings, offices, warehouse stocks etc. Thus, it is important to secure these assets with a Fire Insurance Policy. Fire Insurance, also known as a Standard Fire and Special Perils Insurance Policy provides reimbursement in case the insured assets are damaged by fire […]

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What is Third Party Administrator (TPA) in Group Health Insurance Policy?

Third Party Administrator (TPA) in a Group Health Insurance Policy

A TPA in Group Health Insurance Policy is an independent entity licensed by Insurance Regulatory and Development Authority of India (IRDAI) to process Group Health Insurance Claims. The full form of TPA is Third Party Administrator. Group Health Insurance Providers can outsource claims processing to External TPAs or process claims by having an In-house TPA […]

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SBI General Group Personal Accident Insurance Policy – A Detailed Review

Group Personal Accident Insurance Policy SBI

A Group Personal Accident Insurance Policy for Employees is an extremely important insurance policy purchased by employers to secure their employees and their family members from accidental death or disability. A Group Personal Accident Insurance Policy is also known as GPA Insurance Policy. This article will provide a detailed overview of coverages, benefits and exclusions […]

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Does a Group Health Insurance Policy Cover Congenital Diseases?

Congenital Disease Cover in a Group Mediclaim Insurance Policy

An important feature of Group Health Insurance Policy is coverage for Congenital Diseases. This article will explain the coverage for Congenital Diseases in a Group Health Insurance Policy for employees. What are Congenital Diseases? Diseases that exist since the time of birth are called Congenital diseases. A Congenital Disorder or a Congenital Disease is a […]

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Claims Process for Group Mediclaim Insurance Policy for Employees [Infographic]

Claims Process for Group Mediclaim Insurance Policy

Employees are an organization’s most valuable resource. Therefore, paying attention to employee’s health and welfare is critical. Many organizations have comprehensive employee benefits programs such as providing employees with complete group health insurance coverage. This helps boost employee productivity and retention as well. This infographic will provide information about the claims process for a group […]

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