Insurance in its basic form is defined as “A contract between two parties whereby one party called insurer undertakes in exchange for a fixed sum called premiums, to pay the other party called insured a fixed amount of money on the happening of a certain event”. In simple terms, it is a contract between an entity/ person who buys Insurance and an Insurance company that sold the Policy.
By entering into a contract, the Insurance company agrees to pay the Policyholder or his family members a predetermined sum of money in case of any unfortunate event for a predetermined fixed sum payable which is in a normal term called Insurance Premiums. Insurance is basically a protection against a financial loss that can arise on the happening of an unexpected event.
Why do we need Insurance? What will happen to my family if god forbid something happens to me? If this question bothers you, then Life Insurance is the answer. An Insurance company collects a small percentage from you and in return promises to pay your family a predetermined sum in case of an unfortunate event.
The Basic Logic of Insurance is to Provide Financial Security to your family; Protect your Assets such as Car, Equipment’s, House, etc. from Accidents or natural disasters; As a means of Investments / Savings & Tax Planning.
We deal with Corporate, Individual and commercial insurance products: