As a business owner, Everybody need to have realized that it's simple to come up with profits however it's way more difficult to safeguard the assets of their company that facilitate in generating the profit. Asset insurance in India covers all of the assets against unexpected and accidental injury. If they will be repaired, the corporate can cowl the value of repairing and if they're un-repairable then the non depository financial institution can replace identical. It can be outlined within the policy document that assets will it cowl which may embody buildings, service facilities, walls, gates etc. An asset with insurance policy can be any kind. Asset insurance in India must compensate the owner if the asset is damaged or destroyed. Expert Insurance has insurance policies for your Companies assets, or at least their tangible assets, to transfer the risk associated with owning them. Likewise, most individuals have insurance policies on their major assets, such as their houses and cars.
Importance Of Asset Insurance in India
Tangible assets possessed by any enterprise carry an explicit measure few entities notice it tough and a few notice it next to not possible to work while not their key business assets. Losing the vital assets means that losing the bottom and dolling out an outsized add to determine it all over again. Therefore, it's imperative that each company includes a web or the answer to exchange the assets just in case of any unforeseen contingency. One of the ways in which to safeguard the asset of the corporate is procuring corporate Asset insurance. There area unit varied Asset Insurance in India schemes that area unit designed to supply protection to business assets like building, plants and machinery, tools, stock and different objects needed for the operation. The business owner or the neutral has to acknowledge the vital tools of the entity and purchase Asset insurance that meets his necessities.
OUR SALIENT FEATURES
Waiver of Premium- This feature pays the premium of a policy if you become seriously sick or disabled.
Accelerated Benefit-This feature permits you to receive money advances against the benefit of your policy if you are diagnosed with a terminal ill health. Many folks with this profit use the money to assist obtain treatment and alternative expenses after they have solely a brief time to measure.
Guaranteed purchase Possibility- With this feature, you'll be able to purchase coverage at selected future dates or life events while not proving you are in healthiness.
Long-Term Care Riders- Some life merchandise embrace this selection, that permits you to use the profits of your policy to obtain long care in exchange for a reduced life benefit.
Spouse or Kid Term Riders-Life policies with this feature enable you to get term insurance for your relative or dependent kid, up to age twenty six. this selection are often a more cost-effective thanks to purchase coverage if you cannot afford separate policies.
Cash Price Plans- This kind of policy pays out upon your death and additionally accumulates price throughout your lifespan. You'll be able to use the money price as a tax-sheltered investment, as a fund from that you'll be able to borrow and use to pay the policy premiums later.
Mortgage Protection- This feature, usually found on term life policies, pays your mortgage if you die.
Cash Withdrawals and Loans- Several universal and whole life policies enable you to withdraw or borrow cash, victimization the money price of the policy as collateral. Interest rates tend to be comparatively low. You'll be able to additionally use the money price of your life policy to pay your premiums if you wish or need to prevent paying premiums for a amount of your time. You need to pay back the loan or your beneficiaries can receive a reduced benefit.
Survivor Support Services- Some life policies provide services that offer objective monetary and legal help to beneficiaries.
Employee Help Programs- This feature makes resources accessible to you for issues which will have an effect on your personal and business life. Resources are sometimes free and facilitate address problems like misuse, stress, marital status issues, legal considerations and major life events.
Eligibility Criteria (Only Salaried Can Apply)
Proof Of Income
Income Proof:Payslips, Bank Credit, Form 16
ID Proof: Passport/ Voter's ID Card / Driving License / PAN Card / Unique Identification Card / Identity Card issued by Central or State Goverment, Ministers of Statutory Bodies.
Address Proof: Passport / Latest Telephone Bill (Landline) / Latest Electricity Bill / Latest Bank Statement
Application Fee Charges
Fees & Charges are in the line with market norms and as per eligibility of specific cases. The interest rates for finance of auto are based on the following parameters:
- Borrower's profile;
- Geography of residence;
- Loan amount;
Q1. What is an EMI?
A. EMI stands for "Equated Monthly Installments". The installment comprises of principal and interest component. EMI provides you with ease and benefit of paying back your loan amount in over a period of time through fixed monthly payments.
Q2. What is repayment schedule?
A. . Repayment schedule provides the amount of each EMI, due dates and breakup between principal and interest components. It also provides the outstanding principal after realization of each EMI.
Q3. Are there any special schemes available for me?
A. Special schemes are available from time to time. You should get in touch with our representative to get suitable scheme.
Q4. I am an existing customer, can I apply for another loan?
A. Yes. However, any approval will be based on your eligibility criteria.
Q5. I have repaid my loan successfully. Can I get finance now?
A. Yes. If you have cleared your loan without any defaults, you could be eligible for a special scheme.
Q6. How long will it take to get a loan?
A. Your loan will be processed within 24 to 48 hours depending upon the documents submitted and subsequent verification.