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 and virtual legal services.

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 from 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:

Insurance Program & Portfolio designing, Customized insurance products designing and Claims solutions & advisory services

Corporate & Commercial insurance packages concerning fire, marine (negotiable rates), machinery breakdown, etc.

Liability, Contingency risks, Industrial & Project Insurance

Other specialty products like Professional Indemnity, Directors & Officers Liability

Home Insurance – Fire and other exposures for Building & Contents, Burglary incl. contents, Electronics & Mobile phone

Motor Insurance – Private & Commercial vehicle, Roadside Assistance, Comprehensive & Third party, Coverage of lapsed policies

Life Insurance – Self & couple plans, Term, ULIPs, Endowment, Money back, Whole life, Child & Retirement plans, Insurance & investment needs

Health Insurance – Individual, Family & Corporate plans, Coverage of OPD expenses, Cashless hospitalization

Travel Insurance – Flight Cancellation & delay, Pre-existing diseases, Baggage & Passport loss, Personal Accident & Personal Liability covered

Why do you really need insurance and why is it good to go with CONC@T Insurance partners?

Provide Financial Security to your family

Protect your Assets such as Car, Equipment, House, etc from Accidents or natural disasters.

Free comparative analysis – price & features across leading insurance companies

Advice on add on features, claim settlement ratios & cashless claim benefits

Discounts for long term policies

Personalized attention

Turnaround time

As a means of Investments / Savings & Tax Planning

Many other specific tailor-made insurance facilities offered

We also have our specialized exclusive advisory vertical for Corporates, Institutions, and Individuals relating to Life & General Insurance through the pan-India network, having a skilled team managing Insurance as well as Reinsurance. We deliver comprehensive risk management services for the insurance portfolio management for Assets, Business processes, Financial Liability, and Operational Risks. We further have a support team to manage your account supported by a servicing group, which would include an experienced and self-motivated team being your single window for all communications.

Our partners have a strong operational relation with most of all the licensed insurers both Life as well as Non-life and have a “Preferred Insurance Broker” status with most of them.

There are two primary ways of investing in a mutual fund — lump sum and SIP. A lump sum investment is a one-time investment while a SIP (systematic investment plan) is a recurring investment.

A lump sum investment is generally considered when the investor has a big corpus to invest. This could be money received after retirement or from the sale of a house or from an inheritance or it might just be the case that you have accumulated money in your bank account and wish to invest it now. There can be many reasons to consider a lump sum investment, but a SIP is generally recommended. This is more so in the case of investments in an equity mutual fund.