Q1 How does credit insurance work as a sales product? Ans. Credit insurance may enable you to sell more goods on credit terms while substantially reducing the overall risk of exposure to non-payment. With the information and backing of the credit insurance. You can take advantage of peak and cyclical selling periods and safely expand […]
Like any form of insurance, the business Credit Shield is purchased to avoid a large loss that could impair the performance of your company. Despite a company’s best efforts, large or catastrophic losses occur from: One large long-term buyer unexpectedly failing A significant change in the market or economy, where a number of buyers become […]
The Business Credit Shield provides your business with protection against failure of your customers to pay their debts. It is also a risk management tool that can provide concrete solution for the trade expansion issues you are considering. This Policy introduces a path-breaking concept into the field if insurance – the concept of joint credit […]
INTRODUCTION Your sights are firmly set on steering your business in the right direction, getting new contracts under your belt, achieving growth and increasing profits. The continuous expansion of world trade demands that your business must be increasingly competitive, notwithstanding a steady stream of economic and political difficulties. Prospects for increasing business can be significant, […]
Scope of Cover: Forgery or fabrication of securities, transfers or transfer receipts which may affect the registration or transfer of securities. Discovery that the securities which have been dealt with by the insured in good faith are forged. Discovery that the insured has been deceived as to the identity of any person for the purpose […]
The Inland Vessels Act, 1917 was amended effective from 1.1.1979 to include compulsory third party insurance for vessels plying on Inland Waterways on the lines of liability imposed under Motor Vehicles Act, 1939. According to the legislation, no person shall use a mechanically propelled vessel (MV) in inland water unless there is in force, in […]
This insurance has been brought under a tariff regulation with effect with effect from 1.1.1977. The revised tariff became effective from 1st June, 1985. The policy provides compensation in the event of the insured sustaining injuries, fatal or otherwise, resulting solely and directly from accident caused by external, violent and visible means. Scope of Cover: […]
This special type of Policy has been introduced catering to the medical need of personnel travelling abroad, premium for which is paid in Indian Rupees. However, claims are settled abroad in foreign currency in respect of any emergency treatment. This policy is not general health insurance policy. Mercury Insurance Pvt. Ltd. London is the authorised […]
Policy is designed to provide reimbursement of medical expenses incurred within geographical limits of India by the insured person in event of being hospitalised on account of any illness/disease or any injury sustained. Short period policies are prohibited. Scope of Cover: Reimbursement of incurred medical expenses, within defined limits, in event of any illness/disease or […]
This class of insurance is governed by Tariff regulations as such, Rates, as well as rules and regulations must be observed as per Tariff. The Policy seeks to indemnify the Insured employer against his liability under : W.C. Act, Fatal Accident Act 1855 and at Common Law. If any employee in his immediate service shall […]