Rakshit Financial Services
Trusted Insurance Advisors & Risk Management
Risk understood precisely. Cover negotiated properly. Claims defended fully.
Twenty-two years advising boards, business owners and families across India on which risks to retain, which to transfer and how to hold insurers to both. Straight advice, accountable to clients.
We work with India's leading IRDAI-registered insurers
Twelve commercial lines for businesses, six for individuals and families. Every recommendation runs through the same disciplines: comparison across India's leading insurers, written recommendation, documented audit trail.
Across India's leading IRDAI-registered insurers, each policy structured against your actual exposure.
Not finding the cover you need? Tell us your exposure, we will source it from the wider market or, if there is no acceptable terms available, tell you so plainly.
Twenty-four sectors, each with its own exposure map, claim patterns and typical programme. Open yours.
Your sector not listed? Tell us what you do, we will assess whether we are the right adviser for your risk profile and decline the engagement if we are not.
Another way in: not by product or industry, but by the risk you actually lose sleep over. Each card opens a deep-dive.
Fire, explosion and allied perils, and the reinstatement gap that surfaces at claim time.
Explore the risk →Sudden plant failure your fire policy excludes, plus the production loss that follows.
Explore the risk →Damage, theft and total loss to goods in transit by road, rail, sea or air.
Explore the risk →Flood, cyclone and earthquake, rising losses, under-reflected in old sums insured.
Explore the risk →The gross profit lost while you rebuild, often bigger than the property loss.
Explore the risk →Fire, explosion and allied perils, and the reinstatement gap that surfaces at claim time.
Explore the risk →Sudden plant failure your fire policy excludes, plus the production loss that follows.
Explore the risk →Damage, theft and total loss to goods in transit by road, rail, sea or air.
Explore the risk →Flood, cyclone and earthquake, rising losses, under-reflected in old sums insured.
Explore the risk →The gross profit lost while you rebuild, often bigger than the property loss.
Explore the risk →Statutory and common-law liability for workplace death, injury and disease.
Explore the risk →Third-party injury, property damage and defective-product claims, rising in court.
Explore the risk →Ransomware, breach and BI from cyber events, plus DPDP Act penalties.
Explore the risk →External theft of stock and cash, and internal employee fraud.
Explore the risk →Negligence, error and malpractice claims that follow advice, design and care.
Explore the risk →Statutory and common-law liability for workplace death, injury and disease.
Explore the risk →Third-party injury, property damage and defective-product claims, rising in court.
Explore the risk →Ransomware, breach and BI from cyber events, plus DPDP Act penalties.
Explore the risk →External theft of stock and cash, and internal employee fraud.
Explore the risk →Negligence, error and malpractice claims that follow advice, design and care.
Explore the risk →Recommendations should survive contact with a claim. How India's general insurers actually pay, refreshed daily from our data desk.
No charge, no obligation. We read what you have, compare it against current market wording and your sector's actual claim activity, and send you a one-page summary of what is well-placed, what is mis-sized, and what is missing.
Confidential. We treat your policy with the same care and discretion as every client engagement. The review is delivered within 5 business days.
By submitting you consent to be contacted about your policy review. We do not share data with insurers or third parties.
A senior advisor will read your policy and send a one-page gap analysis to your email within five business days. Here is the kind of finding it will surface, drawn from a recent review for a similar engagement:
Paste your policy wording or schedule and Raksha AI reads it instantly: what it covers, the limits, and the exclusions and gaps to watch. For your privacy, leave out personal details such as your name or policy number.
Informational summary only, not a coverage or claims decision. Raksha AI reads only what you paste, and the text is not stored. For a full written review, an advisor confirms it.
Seven calculations our advisors run every day, and a reminder service that does the remembering for you. They update as you type. Indicative, not a quotation: a formal recommendation follows underwriting, but these put you in the right ballpark in seconds.
Enter today's replacement values — not book values — to see the sum insured a fire policy should carry, and what under-insurance would do to a claim under the average clause.
Enter your details for an indicative life cover based on income replacement to retirement.
Enter your figures for an indicative business-interruption sum insured on the gross-profit basis.
What the Employees' Compensation Act, 1923 makes an employer liable for, per worker — whether or not any insurance is in place. A WC policy transfers exactly this.
Gratuity is a statutory employer liability under the Payment of Gratuity Act, 1972 — it accrues silently on your books every year. A group gratuity plan funds it.
Three numbers decide how a transit programme is structured: what you usually move, the most you ever move at once, and how often.
IDV is the most a motor insurer pays on total loss or theft, set by the standard depreciation schedule. Insure below it and every claim shrinks; above it and you pay premium for cover you can never receive.
Tell us when your policy renews and we will remind you about 30 days before, with a free comparison across India's leading insurers. Nothing else in between — no calls, no spam.
These are indicative estimates from standard advisory formulas, not a quotation or a guarantee of insurability. Your actual cover depends on underwriting, health, occupation and the policy wording. An advisor will refine them with you.
Rakshit Financial Services is a licensed insurance advisory firm covering marine, property, liability and personal insurance across India. We take the time to understand your business, assess the risks that actually matter, and arrange cover from India's leading insurers that matches your real exposure: sums insured that reflect true values at risk, deductibles your balance sheet can absorb and wordings that stand up at claim time.
We are not in the business of selling policies. We are in the business of managing risk. That distinction shapes every conversation we have, every policy we arrange and every claim we handle.
"Our measure of success is not the number of policies we place. It is how well our clients are protected when something goes wrong."
Structured evaluation of operational, financial and liability exposures, identifying gaps, over-insurance and uninsured risks before any policy is arranged.
Clear guidance across India's leading insurers to secure competitive quotations, compare terms and arrange cover on favourable terms, without compromise on scope.
Ongoing portfolio management with renewal tracking, mid-term endorsements, sum-insured reviews and proactive alerts so nothing lapses or goes unnoticed.
Dedicated claims support from FNOL through to settlement, surveyor co-ordination, documentation preparation, insurer liaison and escalation where claims are delayed or disputed.
For groups with multiple entities, locations or lines, consolidated programmes with aligned renewal dates, co-ordinated cover and a single point of accountability.
A structured review of your personal health, life, accident and asset cover, recommending the right combination across individual, family floater and investment-linked products.
We are committed to giving every client clear, considered guidance. The advice we give, the cover we arrange and the way we handle your claims are all shaped by your needs and your priorities.
This is not incidental to how we operate. It is the foundation of every recommendation we make.
“The work is done in the recommendation memo, in the comparison schedule, in the surveyor brief. The signature on the policy is the easy part.”
A practice principle, RFSMandatory breach notification rules under the Data Protection Board are likely to land in 2026. The premium implications, and the cover most policies still exclude, start now.
Read the briefing →Claims paid against declared values, broken down by trade route, warehouse-to-warehouse exposure and the recurring documentation gaps that reduce settlements.
Download the report →Public liability, cyber, key person, business-interruption overhang and contractor liability, and why each one becomes business-ending more often than owners expect.
Read the perspective →Many providers simply sell policies. We assess your risk first and arrange cover second. That shows up in three concrete ways: a recommendation matched to your actual exposure, sector-specific policy wording for industries like mining, chemicals and hospitality, and active claims support that does not end once the policy is issued.
Going direct to an insurer leaves you to interpret policy language and handle claims on your own. Working with an experienced advisor like RFS means cover matched to your actual risk, guidance across leading insurers' products, and someone who stays engaged through renewals and claims. That difference matters most when something goes wrong.
Our recommendations are guided by your risk and your needs, not by sales targets. We are glad to walk you through the options we considered and why we recommended what we did, and where you ask us to, we will document that comparison in full.
We can review your existing programme without any obligation to move it. The output is a written report flagging coverage gaps, redundancies, sub-limit risks and renewal opportunities - the same document we would prepare for an internal audit. If the existing arrangement is sound, we will say so. Where it is not, you decide what to do with the information.
Whether you are reviewing an existing programme, exploring new cover or simply unsure whether your policies are adequate, we will give you a straight answer. No obligations, no sales pitch.
Existing policyholder with a loss? Report a claim and a specialist responds within 48 hours.
New engagement, we will treat this as a fresh enquiry and respond within one business day.
Existing client, please include your policy or client reference number in the requirement field so we can route directly to the claims desk.
Renewal review, if you can include the current renewal date and incumbent insurer, we can prepare a benchmarking brief before the call.
Thank you. Your enquiry has been received. We will respond within one business day.
ICICI Lombard is among India's largest private general insurers, writing motor, health, property, marine, liability and specialty lines for corporates and individuals.
Operating in the Indian market since 2001
Registered and headquartered in Mumbai
ICICI Bank promoted, listed
Licensed general insurer regulated by IRDAI
ICICI Lombard is among India's largest private general insurers, writing motor, health, property, marine, liability and specialty lines for corporates and individuals. The company has been operating since 2001 and is known for digital-first issuance and a wide commercial underwriting appetite.
India's largest private general insurer earns its place on our marine open-policy and liability shortlists, and on complex commercial programmes where scale and market depth matter.
Latest verified IRDAI claim-settlement figures for this insurer are pending publication here. We only show numbers we can trace to the regulator's annual report, never estimates.
Insurer selection at RFS is never based on a single metric. We weigh claims behaviour on risks like yours, wording quality, engineering support and pricing before recommending a market.
Tell us about your risk and we will tell you honestly whether ICICI Lombard is the right market for it, and at what terms.
Company names and logos belong to their respective owners and are shown to identify insurers RFS places business with. RFS is an independent insurance advisory firm and is not affiliated with or endorsed by any insurer.
Bajaj General Insurance, formerly Bajaj Allianz General Insurance, is one of India's leading private general insurers with a quarter century of underwriting history across motor, property, marine, engineering, liability and health lines.
Operating in the Indian market since 2001
Registered and headquartered in Pune
Bajaj Finserv group
Licensed general insurer regulated by IRDAI
Bajaj General Insurance, formerly Bajaj Allianz General Insurance, is one of India's leading private general insurers with a quarter century of underwriting history across motor, property, marine, engineering, liability and health lines. It is part of the Bajaj Finserv group.
We use Bajaj most for commercial motor fleets and SME property packages, where the Bajaj Finserv group's distribution and servicing footprint keeps day-to-day administration simple.
Latest verified IRDAI claim-settlement figures for this insurer are pending publication here. We only show numbers we can trace to the regulator's annual report, never estimates.
Insurer selection at RFS is never based on a single metric. We weigh claims behaviour on risks like yours, wording quality, engineering support and pricing before recommending a market.
Tell us about your risk and we will tell you honestly whether Bajaj is the right market for it, and at what terms.
Company names and logos belong to their respective owners and are shown to identify insurers RFS places business with. RFS is an independent insurance advisory firm and is not affiliated with or endorsed by any insurer.
HDFC ERGO combines one of India's strongest banking franchises with the underwriting depth of Munich Re's ERGO.
Operating in the Indian market since 2002
Registered and headquartered in Mumbai
HDFC Bank and ERGO (Munich Re)
Licensed general insurer regulated by IRDAI
HDFC ERGO combines one of India's strongest banking franchises with the underwriting depth of Munich Re's ERGO. The insurer writes retail and commercial lines including property, marine, liability, health and rural portfolios, and consistently ranks among the fastest claim settlers in the market.
We shortlist HDFC ERGO most often for mid-to-large property programmes and group health schemes, where the ERGO (Munich Re) underwriting lineage and wide retail-to-corporate range both count.
Latest verified IRDAI claim-settlement figures for this insurer are pending publication here. We only show numbers we can trace to the regulator's annual report, never estimates.
Insurer selection at RFS is never based on a single metric. We weigh claims behaviour on risks like yours, wording quality, engineering support and pricing before recommending a market.
Tell us about your risk and we will tell you honestly whether HDFC ERGO is the right market for it, and at what terms.
Company names and logos belong to their respective owners and are shown to identify insurers RFS places business with. RFS is an independent insurance advisory firm and is not affiliated with or endorsed by any insurer.
Tata AIG pairs the Tata Group's brand trust with AIG's global commercial insurance expertise.
Operating in the Indian market since 2001
Registered and headquartered in Mumbai
Tata Group and AIG
Licensed general insurer regulated by IRDAI
Tata AIG pairs the Tata Group's brand trust with AIG's global commercial insurance expertise. It is a significant underwriter of marine cargo, liability, property and group health programmes, with particular strength in corporate specialty lines.
Tata AIG anchors many of our liability and D&O shortlists, drawing on AIG's global specialty heritage, and remains a regular on marine and large-property tenders.
Latest verified IRDAI claim-settlement figures for this insurer are pending publication here. We only show numbers we can trace to the regulator's annual report, never estimates.
Insurer selection at RFS is never based on a single metric. We weigh claims behaviour on risks like yours, wording quality, engineering support and pricing before recommending a market.
Tell us about your risk and we will tell you honestly whether Tata AIG is the right market for it, and at what terms.
Company names and logos belong to their respective owners and are shown to identify insurers RFS places business with. RFS is an independent insurance advisory firm and is not affiliated with or endorsed by any insurer.
SBI General leverages the State Bank of India network, the widest bank distribution footprint in the country, to write property, motor, health, crop and commercial lines.
Operating in the Indian market since 2009
Registered and headquartered in Mumbai
State Bank of India subsidiary
Licensed general insurer regulated by IRDAI
SBI General leverages the State Bank of India network, the widest bank distribution footprint in the country, to write property, motor, health, crop and commercial lines. Its bancassurance reach makes it a strong option for pan-India placements.
For bank-financed assets and property programmes, SBI General's State Bank parentage and branch reach make it a natural shortlist entry, alongside group health for growing teams.
Latest verified IRDAI claim-settlement figures for this insurer are pending publication here. We only show numbers we can trace to the regulator's annual report, never estimates.
Insurer selection at RFS is never based on a single metric. We weigh claims behaviour on risks like yours, wording quality, engineering support and pricing before recommending a market.
Tell us about your risk and we will tell you honestly whether SBI is the right market for it, and at what terms.
Company names and logos belong to their respective owners and are shown to identify insurers RFS places business with. RFS is an independent insurance advisory firm and is not affiliated with or endorsed by any insurer.
IFFCO Tokio brings together India's cooperative sector reach and Tokio Marine's underwriting discipline.
Operating in the Indian market since 2000
Registered and headquartered in Gurugram
IFFCO and Tokio Marine
Licensed general insurer regulated by IRDAI
IFFCO Tokio brings together India's cooperative sector reach and Tokio Marine's underwriting discipline. The insurer is strong in motor, rural and commercial property lines and was among the first private general insurers licensed in India.
IFFCO Tokio earns its place on transit-heavy programmes: marine cargo and commercial fleets, backed by Tokio Marine's underwriting and IFFCO's deep rural network.
Latest verified IRDAI claim-settlement figures for this insurer are pending publication here. We only show numbers we can trace to the regulator's annual report, never estimates.
Insurer selection at RFS is never based on a single metric. We weigh claims behaviour on risks like yours, wording quality, engineering support and pricing before recommending a market.
Tell us about your risk and we will tell you honestly whether IFFCO Tokio is the right market for it, and at what terms.
Company names and logos belong to their respective owners and are shown to identify insurers RFS places business with. RFS is an independent insurance advisory firm and is not affiliated with or endorsed by any insurer.
IndusInd General Insurance, formerly Reliance General Insurance, writes motor, health, property, marine, engineering and liability lines nationwide.
Operating in the Indian market since 2000
Registered and headquartered in Mumbai
IndusInd International Holdings (Hinduja Group)
Licensed general insurer regulated by IRDAI
IndusInd General Insurance, formerly Reliance General Insurance, writes motor, health, property, marine, engineering and liability lines nationwide. Following the Hinduja Group acquisition it operates under the IndusInd brand, and it leads the latest IRDAI table for claims paid within three months.
We shortlist IndusInd General (formerly Reliance General) most often for fleet-heavy risks and SME property, where its settlement-speed record in the IRDAI data stands out.
Latest verified IRDAI claim-settlement figures for this insurer are pending publication here. We only show numbers we can trace to the regulator's annual report, never estimates.
Insurer selection at RFS is never based on a single metric. We weigh claims behaviour on risks like yours, wording quality, engineering support and pricing before recommending a market.
Tell us about your risk and we will tell you honestly whether IndusInd is the right market for it, and at what terms.
Company names and logos belong to their respective owners and are shown to identify insurers RFS places business with. RFS is an independent insurance advisory firm and is not affiliated with or endorsed by any insurer.
Chola MS combines the Murugappa Group's century of Indian industrial heritage with Mitsui Sumitomo's global insurance scale.
Operating in the Indian market since 2001
Registered and headquartered in Chennai
Murugappa Group and Mitsui Sumitomo
Licensed general insurer regulated by IRDAI
Chola MS combines the Murugappa Group's century of Indian industrial heritage with Mitsui Sumitomo's global insurance scale. The company is a consistent performer in motor, property, marine and accident lines, with deep distribution in South India.
With Murugappa Group industrial roots and Mitsui Sumitomo behind it, Chola MS features on our shortlists for engineering, project and manufacturing-property placements.
Latest verified IRDAI claim-settlement figures for this insurer are pending publication here. We only show numbers we can trace to the regulator's annual report, never estimates.
Insurer selection at RFS is never based on a single metric. We weigh claims behaviour on risks like yours, wording quality, engineering support and pricing before recommending a market.
Tell us about your risk and we will tell you honestly whether Cholamandalam MS is the right market for it, and at what terms.
Company names and logos belong to their respective owners and are shown to identify insurers RFS places business with. RFS is an independent insurance advisory firm and is not affiliated with or endorsed by any insurer.
Future Generali India Insurance is backed by Generali, the Italian insurance major operating in over 50 countries.
Operating in the Indian market since 2007
Registered and headquartered in Mumbai
Generali Group majority
Licensed general insurer regulated by IRDAI
Future Generali India Insurance is backed by Generali, the Italian insurance major operating in over 50 countries. In India it writes motor, health, property, marine and liability lines with a growing corporate and SME book.
We typically bring Future Generali to mid-market liability and property tenders, where Generali's European wordings discipline shows in the policy language.
Latest verified IRDAI claim-settlement figures for this insurer are pending publication here. We only show numbers we can trace to the regulator's annual report, never estimates.
Insurer selection at RFS is never based on a single metric. We weigh claims behaviour on risks like yours, wording quality, engineering support and pricing before recommending a market.
Tell us about your risk and we will tell you honestly whether Future Generali is the right market for it, and at what terms.
Company names and logos belong to their respective owners and are shown to identify insurers RFS places business with. RFS is an independent insurance advisory firm and is not affiliated with or endorsed by any insurer.
Zurich Kotak General Insurance is the first Indian general insurer with a global insurance major as controlling shareholder, after Zurich Insurance Group acquired its majority stake in 2024.
Operating in the Indian market since 2015
Registered and headquartered in Mumbai
Zurich Insurance Group and Kotak Mahindra Bank
Licensed general insurer regulated by IRDAI
Zurich Kotak General Insurance is the first Indian general insurer with a global insurance major as controlling shareholder, after Zurich Insurance Group acquired its majority stake in 2024. It combines Kotak's domestic distribution with Zurich's international commercial underwriting capability.
The newest global entrant on our panel: we bring Zurich Kotak to liability and commercial-property placements that benefit from Zurich's international programme alignment.
Latest verified IRDAI claim-settlement figures for this insurer are pending publication here. We only show numbers we can trace to the regulator's annual report, never estimates.
Insurer selection at RFS is never based on a single metric. We weigh claims behaviour on risks like yours, wording quality, engineering support and pricing before recommending a market.
Tell us about your risk and we will tell you honestly whether Zurich Kotak is the right market for it, and at what terms.
Company names and logos belong to their respective owners and are shown to identify insurers RFS places business with. RFS is an independent insurance advisory firm and is not affiliated with or endorsed by any insurer.
Universal Sompo pairs Japan's Sompo Holdings with a consortium of Indian public and private sector banks.
Operating in the Indian market since 2007
Registered and headquartered in Mumbai
Sompo Japan with Indian banks
Licensed general insurer regulated by IRDAI
Universal Sompo pairs Japan's Sompo Holdings with a consortium of Indian public and private sector banks. The insurer writes property, motor, health, crop and commercial lines, with bancassurance access through its promoter banks' branch networks.
We use Universal Sompo mainly for SME property packages and commercial motor, where Sompo Japan's underwriting sits behind pragmatic, bank-distributed products.
Latest verified IRDAI claim-settlement figures for this insurer are pending publication here. We only show numbers we can trace to the regulator's annual report, never estimates.
Insurer selection at RFS is never based on a single metric. We weigh claims behaviour on risks like yours, wording quality, engineering support and pricing before recommending a market.
Tell us about your risk and we will tell you honestly whether Universal Sompo is the right market for it, and at what terms.
Company names and logos belong to their respective owners and are shown to identify insurers RFS places business with. RFS is an independent insurance advisory firm and is not affiliated with or endorsed by any insurer.
Liberty General Insurance is backed by Liberty Mutual, one of the largest property and casualty insurers in the United States.
Operating in the Indian market since 2013
Registered and headquartered in Mumbai
Liberty Mutual joint venture
Licensed general insurer regulated by IRDAI
Liberty General Insurance is backed by Liberty Mutual, one of the largest property and casualty insurers in the United States. In India it focuses on motor, health, fire, marine and commercial lines for retail and corporate clients.
Liberty's global casualty heritage puts it on our liability and employee-benefits shortlists for corporates that want internationally consistent wordings.
Latest verified IRDAI claim-settlement figures for this insurer are pending publication here. We only show numbers we can trace to the regulator's annual report, never estimates.
Insurer selection at RFS is never based on a single metric. We weigh claims behaviour on risks like yours, wording quality, engineering support and pricing before recommending a market.
Tell us about your risk and we will tell you honestly whether Liberty is the right market for it, and at what terms.
Company names and logos belong to their respective owners and are shown to identify insurers RFS places business with. RFS is an independent insurance advisory firm and is not affiliated with or endorsed by any insurer.
SBI Life is one of India's largest private life insurers, distributing protection, savings and group products through the State Bank network's unmatched reach.
Operating in the Indian market since 2000
Registered and headquartered in Mumbai
State Bank of India promoted, listed
Licensed life insurer regulated by IRDAI
SBI Life is one of India's largest private life insurers, distributing protection, savings and group products through the State Bank network's unmatched reach. For employers it is a major writer of group term and employee benefit schemes.
SBI Life leads our shortlists for group term at scale and credit-linked life cover, where State Bank parentage and reach keep large schemes administrable.
Latest verified IRDAI claim-settlement figures for this insurer are pending publication here. We only show numbers we can trace to the regulator's annual report, never estimates.
Insurer selection at RFS is never based on a single metric. We weigh claims behaviour on risks like yours, wording quality, engineering support and pricing before recommending a market.
Tell us about your risk and we will tell you honestly whether SBI is the right market for it, and at what terms.
Company names and logos belong to their respective owners and are shown to identify insurers RFS places business with. RFS is an independent insurance advisory firm and is not affiliated with or endorsed by any insurer.
HDFC Life is a leading private life insurer offering protection, annuity, savings and group solutions.
Operating in the Indian market since 2000
Registered and headquartered in Mumbai
HDFC Bank group, listed
Licensed life insurer regulated by IRDAI
HDFC Life is a leading private life insurer offering protection, annuity, savings and group solutions. It is consistently among the top private players by new business premium and maintains one of the strongest claim settlement records in the life segment.
We place gratuity and retirement-fund mandates with HDFC Life more than any other single line, alongside group term for employers who want a listed, widely rated counterparty.
Latest verified IRDAI claim-settlement figures for this insurer are pending publication here. We only show numbers we can trace to the regulator's annual report, never estimates.
Insurer selection at RFS is never based on a single metric. We weigh claims behaviour on risks like yours, wording quality, engineering support and pricing before recommending a market.
Tell us about your risk and we will tell you honestly whether HDFC is the right market for it, and at what terms.
Company names and logos belong to their respective owners and are shown to identify insurers RFS places business with. RFS is an independent insurance advisory firm and is not affiliated with or endorsed by any insurer.
ICICI Prudential Life was among the first private life insurers licensed in India and the first to list on Indian stock exchanges.
Operating in the Indian market since 2000
Registered and headquartered in Mumbai
ICICI Bank and Prudential plc, listed
Licensed life insurer regulated by IRDAI
ICICI Prudential Life was among the first private life insurers licensed in India and the first to list on Indian stock exchanges. It writes individual protection and savings alongside a substantial group term and superannuation book.
For key-person and promoter-protection structures, ICICI Prudential's underwriting appetite for large sums assured keeps it at the top of our life shortlists.
Latest verified IRDAI claim-settlement figures for this insurer are pending publication here. We only show numbers we can trace to the regulator's annual report, never estimates.
Insurer selection at RFS is never based on a single metric. We weigh claims behaviour on risks like yours, wording quality, engineering support and pricing before recommending a market.
Tell us about your risk and we will tell you honestly whether ICICI Prudential is the right market for it, and at what terms.
Company names and logos belong to their respective owners and are shown to identify insurers RFS places business with. RFS is an independent insurance advisory firm and is not affiliated with or endorsed by any insurer.
Axis Max Life, formerly Max Life Insurance, combines two decades of underwriting history with Axis Bank's distribution muscle.
Operating in the Indian market since 2000
Registered and headquartered in New Delhi
Max Financial and Axis Bank
Licensed life insurer regulated by IRDAI
Axis Max Life, formerly Max Life Insurance, combines two decades of underwriting history with Axis Bank's distribution muscle. It is one of the largest non-bank-promoted life insurers and a regular leader in individual claim settlement ratios.
We bring Axis Max Life to employee-benefit scheme design and key-person covers, where its product flexibility helps tailor benefits for mid-size employers.
Latest verified IRDAI claim-settlement figures for this insurer are pending publication here. We only show numbers we can trace to the regulator's annual report, never estimates.
Insurer selection at RFS is never based on a single metric. We weigh claims behaviour on risks like yours, wording quality, engineering support and pricing before recommending a market.
Tell us about your risk and we will tell you honestly whether Axis Max is the right market for it, and at what terms.
Company names and logos belong to their respective owners and are shown to identify insurers RFS places business with. RFS is an independent insurance advisory firm and is not affiliated with or endorsed by any insurer.
Aditya Birla Sun Life Insurance pairs one of India's largest conglomerates with Canada's Sun Life Financial.
Operating in the Indian market since 2000
Registered and headquartered in Mumbai
Aditya Birla Capital and Sun Life
Licensed life insurer regulated by IRDAI
Aditya Birla Sun Life Insurance pairs one of India's largest conglomerates with Canada's Sun Life Financial. It offers protection, savings and pension products and is a significant writer of group term and gratuity funding schemes for employers.
Aditya Birla Sun Life features most in our employee-benefit and gratuity placements, drawing on the group's own decades of running large workforce programmes.
Latest verified IRDAI claim-settlement figures for this insurer are pending publication here. We only show numbers we can trace to the regulator's annual report, never estimates.
Insurer selection at RFS is never based on a single metric. We weigh claims behaviour on risks like yours, wording quality, engineering support and pricing before recommending a market.
Tell us about your risk and we will tell you honestly whether Aditya Birla Sun is the right market for it, and at what terms.
Company names and logos belong to their respective owners and are shown to identify insurers RFS places business with. RFS is an independent insurance advisory firm and is not affiliated with or endorsed by any insurer.
Tata AIA Life combines the Tata Group's trust with AIA's pan-Asian life insurance expertise.
Operating in the Indian market since 2001
Registered and headquartered in Mumbai
Tata Sons and AIA Group
Licensed life insurer regulated by IRDAI
Tata AIA Life combines the Tata Group's trust with AIA's pan-Asian life insurance expertise. It is one of the fastest growing private life insurers in India and a strong market for protection-led products including group term covers.
For family businesses structuring promoter, partnership and key-person protection, Tata AIA's combination of Tata governance and AIA's pan-Asian life expertise fits well.
Latest verified IRDAI claim-settlement figures for this insurer are pending publication here. We only show numbers we can trace to the regulator's annual report, never estimates.
Insurer selection at RFS is never based on a single metric. We weigh claims behaviour on risks like yours, wording quality, engineering support and pricing before recommending a market.
Tell us about your risk and we will tell you honestly whether Tata AIA is the right market for it, and at what terms.
Company names and logos belong to their respective owners and are shown to identify insurers RFS places business with. RFS is an independent insurance advisory firm and is not affiliated with or endorsed by any insurer.
Motor insurance for goods-carrying vehicles, passenger fleets, taxis, buses and construction equipment. Own damage, unlimited third-party liability and optional goods-in-transit cover, placed through insurers with strong cashless workshop networks along your operating corridors.
Repairs after accident, fire, theft or natural peril
Mandatory unlimited liability for death or injury
Optional cargo cover for goods being carried
24/7 breakdown and recovery as a policy add-on
A structured placement designed to close every material gap in your risk exposure, not a standard policy sold off the shelf.
Fleet Risk Specialists
Every vehicle on the road is simultaneously a revenue asset and a liability exposure. A poorly structured fleet policy, wrong IDV, inadequate cashless network, no fleet discount, costs you more in downtime and under-settlement than the premium saving is ever worth.
If your operations create the exposures described below, this cover belongs in your insurance programme.
Three steps from your first conversation to a policy that is correctly structured and competitively priced.
Standard off-the-shelf motor policies are not designed for commercial fleets. Speak to us about a placement that is.
All-risk insurance for construction and civil engineering projects covering physical loss to the contract works, contractor's plant and equipment, and third-party liability, from ground-breaking to the end of the defects liability period. Structured to satisfy both client contract requirements and project finance loan covenants.
Physical loss to the permanent and temporary structure
Construction machinery and equipment on site
Bodily injury and property damage to third parties
Cover extended through the defects liability period
A structured placement designed to close every material gap in your risk exposure, not a standard policy sold off the shelf.
Construction Risk SpecialistsCAR insurance is written on an all-risk basis, cover applies unless the loss is specifically excluded. This is fundamentally different from a named-perils policy, where proving the cause of loss is your problem. In construction, where the cause of a collapse or flood event is routinely disputed, all-risk cover is the only defensible structure.
If your operations create the exposures described below, this cover belongs in your insurance programme.
Three steps from your first conversation to a policy that is correctly structured and competitively priced.
CAR policy wording disputes at claims time are almost always traced to inadequate review at placement. Speak to us first.
A lump-sum benefit paid on confirmed diagnosis of a specified critical condition, cancer, heart attack, stroke, renal failure and up to 60 others, regardless of the actual treatment cost. Designed to replace income, bridge treatment gaps and fund the recovery period that health insurance does not cover.
Benefit paid on confirmed diagnosis, not after treatment
Cancer, heart attack, stroke, renal failure and more
No restrictions on how the benefit is applied
Benefit is triggered by diagnosis, not by admission
A structured placement designed to close every material gap in your risk exposure, not a standard policy sold off the shelf.
Critical Illness AdvisorsFor most critical illnesses, the hospital bill is only the beginning. Lost income during treatment, which typically runs six to eighteen months, post-treatment care, dietary requirements, rehabilitation and the accumulated financial disruption of a prolonged illness cost multiples of the treatment itself. Critical illness cover provides the lump sum to address all of it.
If your situation matches those described below, this cover belongs in your financial plan.
Three steps from your first conversation to a policy that is correctly structured and priced.
Most CI policies are under-sized and placed without careful review of condition definitions. Both can be fixed before you need to claim.
First-party and third-party cyber risk insurance covering ransomware response, data breach costs, business interruption from cyber events and legal liability for data privacy failures. With India's DPDPA enforcement underway, cyber insurance has moved from discretionary to essential for any data-intensive organisation.
Data recovery, ransomware, business interruption
Legal liability for customer data breaches
24/7 breach response team on call from day one
CERT-In and DPDPA investigation costs
A structured placement designed to close every material gap in your risk exposure, not a standard policy sold off the shelf.
Cyber Risk Specialists
Ransomware attacks targeting Indian businesses increased materially through 2024-2025. The DPDPA, once enforced, creates mandatory breach notification obligations and significant financial penalties for data fiduciaries. A cyber insurance programme is now both a financial and a compliance consideration.
If your operations create the exposures described below, this cover belongs in your insurance programme.
Three steps from your first conversation to a policy that is correctly structured and competitively priced.
Generic cyber policies are not written for your industry or your data profile. We structure cover that is.
Direct financial loss cover for employee fraud, dishonesty, embezzlement, theft of cash or stock and forgery of negotiable instruments. Placed on a named-employee, position or blanket basis with discovery-period clarity built into the wording.
Loss of cash, stock or assets from staff dishonesty
Fraudulent alteration of negotiable instruments
Cover by individual, position or whole workforce
Cover triggered on discovery, not act, period
A structured fidelity placement covers direct loss, the means of loss and the cost of proving the loss.
Workforce Integrity CoverBurglary cover responds to the masked stranger. Fidelity responds to the trusted bookkeeper. Most material employer losses are caused by individuals on the payroll - which is why a well-structured fidelity programme matters as much as the perimeter security.
If your operations create the exposures described below, fidelity cover belongs in your insurance programme.
Three steps from your first conversation to a policy that is correctly structured and priced.
Speak to us about structuring fidelity cover that matches your real workforce risk - not a defaulted policy form.
Protect your buildings, plant, machinery, stock and contents against the Standard Fire and Special Perils Schedule, including fire, lightning, explosion, storm, flood, earthquake, riot, burglary and malicious damage.
Standard Fire and Special Perils Policy
Structure, plant, machinery and stock
Theft with forced entry, attempted burglary
Terrorism, earthquake, leakage and more
The Standard Fire and Special Perils Policy protects your entire property asset base, from the physical structure to the machinery, stock and contents within.
The most common fire claim dispute in India is not about coverage, it is about underinsurance. Insurers invoke the average clause when the sum insured is less than the actual reinstatement value, and recover only a proportionate fraction of the loss.
Any business with a significant investment in physical assets, property, plant, stock or contents, requires comprehensive fire and allied perils protection.
A rigorous valuation and placement process ensures your property programme is always correctly insured, and well defended at claims time.
Correct valuation, comprehensive extensions and rigorous claims management, the three pillars of effective property insurance.
Common questions about fire and property insurance in India, answered plainly.
Request a complimentary reinstatement value review. Most properties we assess are underinsured by 30-40%.
Comprehensive group employee benefits programmes covering Group Medical Coverage (GMC), Group Personal Accident (GPA) and Group Term Life Insurance (GTLI). Structured to meet ESIC exemption requirements, CTC mandates and sector-specific obligations.
Cashless hospitalisation for employees
24-hour accidental death & disability
Lump-sum life cover for employee families
A complete group benefits programme addresses health, accident and life risks in a single co-ordinated programme, managed through one advisor relationship.
Health insurance for employees & dependants
24/7 worldwide accidental cover
Life cover for all causes of death
A group benefits programme is not a statutory checkbox, it is a significant operating cost that directly affects talent retention, recruitment competitiveness and employee wellbeing. We structure programmes that deliver genuine value to employees, meet regulatory thresholds and remain cost-efficient over the long term.
Any employer with a workforce, from growing SMEs to large manufacturing corporates, benefits from a structured group coverage programme.
From needs analysis to annual renewal re-tendering, a structured process that keeps your group programme competitive and compliant every year.
One relationship, three lines of cover, ESIC compliance and annual re-tendering, the fundamentals of an effective group benefits strategy.
Common questions about group medical, accident and life cover in India, answered plainly.
We will review your current GMC, GPA and GTLI structure and identify cost savings and coverage gaps at no charge.
Individual and family health insurance providing cashless in-patient hospitalisation, pre and post-hospitalisation cover, day care procedures and critical illness extensions. With over 30 health insurers and hundreds of plan variants in the Indian market, plan selection requires more than premium comparison, we analyse the details that determine whether a claim is paid in full.
In-patient treatment without upfront payment at network hospitals
Medical expenses 30-60 days before and 60-90 days after admission
150+ procedures covered without overnight hospital admission
Sum insured increases annually for every claim-free year
A structured placement designed to close every material gap in your risk exposure, not a standard policy sold off the shelf.
Health Insurance AdvisorsThe details that determine whether a claim is paid in full are not in the premium schedule. Room rent sub-limits, disease-wise capping, co-payment clauses and waiting period structures can each independently reduce a claim payment by 30-50%. We identify and eliminate these before recommending a plan.
If your situation matches those described below, this cover belongs in your financial plan.
Three steps from your first conversation to a policy that is correctly structured and priced.
Premium comparison selects the cheapest policy. We select the one most likely to pay your claim in full when you need it.
Insurance for your home structure and contents against fire, earthquake, flood, burglary and accidental damage, whether you own or rent. We calculate the reinstatement cost of your building and conduct a contents inventory to ensure you are insured at values that reflect what it would actually cost to rebuild and replace, not what a standard schedule assumes.
Fire, flood, earthquake and structural damage
Furniture, electronics, jewellery and valuables
Forced entry and specified valuables protection
Costs when your home is uninhabitable after a claim
A structured placement designed to close every material gap in your risk exposure, not a standard policy sold off the shelf.
Home Risk AdvisorsThe majority of Indian homeowners either carry no home insurance or carry it at a sum insured that bears no relation to the actual cost of rebuilding. Standard rebuilding cost schedules are generic and typically understate the real cost of reinstating a modern home with current construction costs and finishing specifications.
If your situation matches those described below, this cover belongs in your financial plan.
Three steps from your first conversation to a policy that is correctly structured and priced.
Most home policies are under-valued from day one and never reviewed. We fix both problems before you need to claim.
Protect your cargo across every leg of the supply chain, inland road and rail, sea freight imports under CIF/CIP terms and export consignments backed by Letter of Credit compliance. Placed on ICC-A/B/C clauses with full warehouse-to-warehouse cover.
Road, rail & IWT cargo nationwide
Warehouse-to-warehouse, all origins
ICC clauses, LC-compliant documentation
Automated cover for regular shippers
From single inland consignments to complex multimodal import-export programmes, our marine placements are structured to close every gap in your cargo supply chain.
Marine cargo claims in India are complex, ICC clause interpretation, surveyor disputes, sub-standard insurer settlement ratios and inadequate sum insured are the most common causes of under-recovery. An experienced advisor protects you on all three fronts.
Any business that moves goods, domestically or internationally, has a cargo exposure. The question is whether it is correctly covered.
A structured advisory process, from risk assessment to open cover management, ensures your programme is never left with gaps.
Beyond placing cover, we manage every aspect of your marine programme from clause specification to claims recovery.
Common questions about marine cargo insurance in India, answered plainly.
Speak to a marine specialist today. We will review your current programme and identify gaps at no cost.
Comprehensive motor insurance for private cars and two-wheelers covering own damage, third-party liability, theft and natural perils. We set the correct IDV, select add-ons that deliver genuine value and match you to an insurer with a cashless workshop network that covers your preferred garages, not the insurer with the cheapest premium.
Repairs after accident, fire, theft or natural calamity
Mandatory unlimited liability cover under MV Act
Claim full part-replacement cost without deduction
Compulsory ₹15 lakh personal accident cover
A structured placement designed to close every material gap in your risk exposure, not a standard policy sold off the shelf.
Motor Insurance AdvisorsRenewing your motor policy with the same insurer every year, or selecting the cheapest available, is the most common reason clients end up with inadequate cashless access, disputed IDV settlements and slow claim processing. We evaluate insurers on the criteria that matter at claims time.
If your situation matches those described below, this cover belongs in your financial plan.
Three steps from your first conversation to a policy that is correctly structured and priced.
The cheapest renewal and the right renewal are rarely the same thing. Speak to us before you auto-renew.
A bundled insurance programme consolidating fire, burglary, electronic equipment, cash, public liability and personal accident cover for office premises into a single policy. One insurer, one renewal date, one claims contact, with package pricing that is materially cheaper than placing each section separately.
Fire, natural perils and burglary for premises and fit-out
IT hardware, servers and office technology
Third-party injury or damage at your office
Cash holdings and transit against theft
A structured placement designed to close every material gap in your risk exposure, not a standard policy sold off the shelf.
Office Risk Specialists
Managing multiple separate insurance policies for your office creates administrative complexity, gaps between covers and premium duplication. A package policy eliminates all three, and consistently delivers a 15-25% saving over individually placed sections.
If your operations create the exposures described below, this cover belongs in your insurance programme.
Three steps from your first conversation to a policy that is correctly structured and competitively priced.
Most office policies are under-valued and poorly structured. Speak to us about putting that right.
Financial protection for accidental death, permanent and temporary disability, and hospitalisation costs arising from accidents, covering you worldwide, 24 hours a day, whether at work, at home or travelling. At a fraction of the cost of equivalent life insurance, personal accident cover is one of the highest-value protections available for any earning individual.
100% of capital sum paid to nominee on accidental death
Full or proportionate benefit for permanent injury
Weekly benefit during period of inability to work
Hospitalisation costs arising from accidents
A structured placement designed to close every material gap in your risk exposure, not a standard policy sold off the shelf.
Accident Risk SpecialistsA ₹1 crore personal accident policy can be purchased for a fraction of the equivalent term life premium, and it covers events that term life does not, temporary disability and income loss during recovery. For the 20-45 age group, accidental death and disability is a statistically significant risk that most individuals carry with no financial protection.
If your situation matches those described below, this cover belongs in your financial plan.
Three steps from your first conversation to a policy that is correctly structured and priced.
Most PA policies are under-sized and placed without reference to the policyholder's actual income and commitments. We calculate the right numbers.
Machinery breakdown and all-risks insurance for industrial plant, production line equipment and engineering machinery. Covers sudden and unforeseen mechanical or electrical failure, accidental external damage and the consequential loss of production during the repair period, placed at reinstatement values to eliminate depreciation disputes.
Sudden and unforeseen mechanical or electrical failure
Fire, flood, impact and operator negligence
Revenue loss during machinery downtime
Emergency overtime and express freight for fast repair
A structured placement designed to close every material gap in your risk exposure, not a standard policy sold off the shelf.
Industrial Risk Specialists
The direct cost of repairing a failed machine is rarely the largest financial consequence. Lost production, delayed customer orders, perishable stock losses and contractual penalty exposure typically dwarf the repair bill. We structure machinery insurance to cover the full financial impact, not just the workshop invoice.
If your operations create the exposures described below, this cover belongs in your insurance programme.
Three steps from your first conversation to a policy that is correctly structured and competitively priced.
Repair cost cover alone is rarely sufficient. Speak to us about a programme that reflects your actual operational risk.
Cover for legal liability arising from bodily injury to third parties or damage to their property, occurring in the course of your business operations. Includes legal defence costs and, where required, products liability for goods manufactured or supplied by your business.
Legal liability for injuries to members of the public
Liability for damage caused to third-party property
Solicitor fees and court costs, in addition to the indemnity limit
Optional cover for injury or damage caused by your products
A structured placement designed to close every material gap in your risk exposure, not a standard policy sold off the shelf.
Liability Risk Specialists
Most businesses carry public liability insurance that is under-limited by their industry standards, which creates the illusion of protection without delivering it. A slip-and-fall claim resulting in permanent disability can exceed ₹2-3 crore before legal costs are added.
If your operations create the exposures described below, this cover belongs in your insurance programme.
Three steps from your first conversation to a policy that is correctly structured and competitively priced.
Underinsured liability is worse than no liability cover. Speak to us about placing your programme correctly.
A purpose-built bundled insurance policy for retail shops and small commercial establishments covering stock, furniture, fixtures, cash, plate glass, public liability and personal accident for the owner, all under one policy, at a price that reflects the package structure rather than separately placed sections.
Fire and burglary cover for shop inventory and fixtures
Forced entry protection and cash-in-safe cover
Shop front and display window replacement
Customer injury or property damage on your premises
A structured placement designed to close every material gap in your risk exposure, not a standard policy sold off the shelf.
Retail Risk SpecialistsA retail shop simultaneously faces stock loss from fire, break-in and flood; liability for a customer's slip and fall; broken windows; and the owner's own accident risk. The shopkeeper's policy was designed specifically for this combination, addressing each risk at a bundled price that individual placements cannot match.
If your operations create the exposures described below, this cover belongs in your insurance programme.
Three steps from your first conversation to a policy that is correctly structured and competitively priced.
Most shopkeeper policies are placed on generic sums that leave the owner under-insured at claims time. We price it properly from the start.
Pure protection life insurance, high sum assured, low premium, paid to your nominee in the event of your death during the policy term. The most cost-efficient mechanism for replacing your income and protecting your family's financial position. We calculate the right cover amount, select the right insurer and manage the underwriting process.
Lump-sum payout to nominee on death from any cause
Optional early payout on diagnosis of specified conditions
Premiums waived on permanent total disability
Annual sum assured increase to track inflation
A structured placement designed to close every material gap in your risk exposure, not a standard policy sold off the shelf.
Life Risk AdvisorsA ₹1 crore policy bought at age 28 is often inadequate at 38, when income has grown, a home loan has been taken and children's education costs loom. Most individuals need significantly more cover than they carry, and the cost of increasing it is lowest when you are young and healthy.
If your situation matches those described below, this cover belongs in your financial plan.
Three steps from your first conversation to a policy that is correctly structured and priced.
Most families are significantly under-insured against income loss. Speak to us about calculating and placing the right cover.
Meet your statutory obligations under the Employees' Compensation Act, 1923. Covers employer liability for workplace death, permanent total and partial disability, temporary disablement and medical expenses incurred by workers.
Mandatory for specified categories of workers
Lump-sum compensation to dependants
Percentage-based compensation schedule
Reimbursement of treatment costs
The EC Act 1923 creates strict liability for employers. Our policy structure matches every statutory obligation and extends beyond to cover legal defence costs.
The Employees' Compensation Act, 1923 imposes strict liability on employers, you do not need to be negligent to be liable. Any accidental injury arising out of and in the course of employment triggers a compensation obligation, and the sums involved can be substantial.
Any employer with workers engaged in specified occupations under Schedule II of the EC Act has a statutory compensation obligation, regardless of fault.
A thorough workforce audit and disciplined claims management process ensures your programme is fully compliant and never leaves workers or employer exposed.
Statutory compliance, complete workforce inclusion and disciplined claims management, the foundations of a sound workmen's compensation programme.
Common questions about workmen's compensation insurance and the EC Act, answered plainly.
Request a complimentary EC Act compliance review. Most employers we assess have gaps in contract and casual worker inclusion.
Cover for cargo moving by road, rail or inland waterway within India. Single-consignment, declaration-based or open-cover structures aligned to your shipping pattern.
All inland modes covered with appropriate ICC clauses
From one-off consignments to annual declaration-based policies
Over-dimensional consignment routing and protection
Theft, damage, accident and non-delivery
A focused placement that responds to the specific transit, treatment or workforce event this cover is designed for.
Marine InsuranceThe recurring claim sources on Indian inland routes are well-understood: road condition damage, lashing failure, theft on overnight halts, transhipment errors. A well-structured Inland Transit policy addresses each of these with the right clauses and an accurate sum insured per consignment.
We can place it stand-alone or fold it into your existing Marine Insurance placement.
Cover for goods being imported into India under CIF or CIP Incoterms. Warehouse-to-warehouse protection on ICC-A, B or C clauses, with documentation aligned to LC requirements where applicable.
From overseas supplier dispatch through Indian inland delivery
Cover sized to your cargo type and risk appetite
Policies issued in line with banking requirements
Sea, air and rail transit on a single policy where required
A focused placement that responds to the specific transit, treatment or workforce event this cover is designed for.
Marine InsuranceOn an import shipment, the policy wording matters less than the documentation. Survey at port of arrival, bill of lading endorsement, banker's verification on LC-backed shipments, the recurring reason for import-claim disputes is a documentation gap, not a wording gap. We administer the documentation alongside the placement.
We can place it stand-alone or fold it into your existing Marine Insurance placement.
Cover for outbound consignments under CIF or CIP terms, structured to satisfy buyer requirements, LC banking terms and destination-country import documentation. Placed on ICC-A clauses for most consignments.
From Indian port of loading to destination buyer's premises
Broadest cover for exports, with downgrade to B or C only where buyer specifies
Policies aligned to LC terms and the buyer's required wording
USD, EUR or GBP policies where the export contract is denominated in foreign currency
A focused placement that responds to the specific transit, treatment or workforce event this cover is designed for.
Marine InsuranceExport claims pass through three jurisdictions: the Indian insurer's loss-adjuster, the destination-country survey, and the buyer's commercial confirmation. The placement that survives all three is the one with clear ICC-A wording, accurate values and a destination-country surveyor pre-identified.
We can place it stand-alone or fold it into your existing Marine Insurance placement.
Cashless hospitalisation for employees and their dependants. Structured to satisfy ESIC exemption conditions, corporate benefit expectations and sector-specific mandates. The single most-claimed employee benefit in Indian corporates.
Empanelled network across India with direct insurer settlement
Employee + spouse + children + dependent parents, structured for ESIC exemption
Medical expenses 30 days before and 60 days after the admission
Optional cover with waiting-period waivers for corporate group
A focused placement that responds to the specific transit, treatment or workforce event this cover is designed for.
Group CoverageMost corporate GMC programmes are placed on the cheapest available premium, then drift into auto-renewal at progressively worse terms. A well-managed GMC is rebenchmarked annually, re-tendered every two to three years, and audited for actual claims experience against the insurer's published reserves. The metric that matters is what employees actually receive when they claim, not what the proposal form quoted at inception.
We can place it stand-alone or fold it into your existing Group Coverage placement.
24-hour worldwide cover for accidental death, permanent disability and temporary disablement of employees. A statutory-adjacent benefit for any employer with a workforce, and a contractual requirement for many sector-specific operations.
100% of capital sum insured paid to nominee
Full or proportionate benefit based on injury schedule
Weekly income benefit during disability period
Cover applies at work, in transit, abroad and during leisure
A focused placement that responds to the specific transit, treatment or workforce event this cover is designed for.
Group CoverageGroup Personal Accident is the most cost-efficient employee benefit available to Indian employers. Premium typically runs at a fraction of one percent of the covered sum, with a benefit structure that responds across accidental death, disability and income loss. Most employers under-buy on capital sum because they over-buy on premium efficiency, we calibrate the cover against actual income replacement needs.
We can place it stand-alone or fold it into your existing Group Coverage placement.
Lump-sum life cover for employees' nominated beneficiaries, payable on death from any cause. The senior-talent retention benefit that costs a fraction of equivalent individual term insurance.
Cover applies regardless of natural or accidental cause
Single payment, no annuity or instalment structure
Flat amount, salary multiple or graded benefit structures
For groups above the minimum threshold, no individual medical examination
A focused placement that responds to the specific transit, treatment or workforce event this cover is designed for.
Group CoverageGroup Term Life is the cover that responds at the worst moment in an employee's life. Most employers buy GTLI as a routine procurement item and rarely audit whether the sum insured actually replaces the employee's income for the family's reasonable future. We calibrate the cover against actual financial obligations, a salary multiple structure that tracks promotion and inflation, not a flat number agreed five years ago.
We can place it stand-alone or fold it into your existing Group Coverage placement.
Cover for the operational and transit risks of quarrying, processing and shipping dimensional stone, from the cutting face through to the customer's site.
Quarrying involves heavy machinery at the face, ODC transport on Indian highways often with poor surface conditions, and cargo that is fragile relative to its weight. The exposures span employee safety, plant breakdown, vehicle accidents and consignment damage, typically across multiple states. A well-structured programme treats these as one connected risk picture, not as separate policies bought from different agents.
In quarrying, risk clusters at the cutting face, on the highway and in fragile, high-value shipments. These four come first.
Each cover below is a link to the policy page. The combination, the limits and the wording are what we negotiate on your behalf.
A common claim is a laden truck overturning on a poor stretch of highway, cracking a consignment of dimensional stone and damaging the vehicle. Alongside the transit loss, the operator can face a public-liability claim if the spill injures a third party or blocks the road.
Speak with an advisor who has arranged cover for marble before.
Insurance for surface and underground mining operations, iron ore, coal, bauxite, manganese, covering plant, people, transit and statutory liability.
Mining operations carry the highest cumulative risk profile in Indian commercial insurance: heavy capex in plant, hazardous-occupation workforce, ODC haulage to ports or smelters and exposure to environmental and statutory enforcement. The right programme reflects each of these as a separate workstream, not a single 'mining policy' that papers over the differences.
Mining concentrates exposure in the pit, the processing plant and the statutory duty to workers. These four lead the review.
Each cover below is a link to the policy page. The combination, the limits and the wording are what we negotiate on your behalf.
A typical loss is machinery breakdown or a fire in the processing plant that halts extraction, so the claim combines physical damage with lost output. Where the incident injures workers, a statutory Employees' Compensation claim runs in parallel.
Speak with an advisor who has arranged cover for mining before.
Insurance programmes for chemical manufacturers, processors and storage operators, process risk, hazardous transit, regulatory liability and workforce safety.
Chemical and petrochemical operations carry the highest severity profile in Indian commercial insurance: process plants where fire or explosion can level the asset in minutes, hazardous transit under DG goods rules and a regulatory environment that creates significant strict-liability exposure under the Public Liability Insurance Act. Cover quality, not premium, is the working metric.
For a chemical plant, process hazard, storage and third-party liability dominate the risk map. We scope these four first.
Each cover below is a link to the policy page. The combination, the limits and the wording are what we negotiate on your behalf.
The defining exposure is a process incident, a fire, explosion or release, that damages plant and can trigger third-party injury and property claims well beyond the factory gate. Regulatory liability under the Public Liability Insurance Act can attach automatically.
Speak with an advisor who has arranged cover for chemicals before.
Cover for foundries, rolling mills, fabrication plants and metal-processing operations, covering plant, stock, transit and export marine.
Steel and metal fabrication operations combine high-value plant (furnaces, rolling mills, presses, CNC), continuous-process exposure where unplanned downtime erodes margin disproportionately, and significant inbound/outbound transit volume. The insurance programme needs to protect against asset loss AND production interruption, not just one or the other.
Foundries and fabrication carry fire, machinery breakdown and stock exposure in equal measure. These four come first.
Each cover below is a link to the policy page. The combination, the limits and the wording are what we negotiate on your behalf.
A representative claim is a fire in a fabrication shop that consumes stock, tooling and part-finished orders, so the loss is as much about interrupted contracts as burnt assets. Machinery breakdown of a press or furnace is the other frequent trigger.
Speak with an advisor who has arranged cover for steel before.
Insurance for cement manufacturers, RMC plants and concrete-products operators, kiln risk, plant breakdown, transit damage and silica exposure.
Cement plants run hot, continuously, with the kiln as the dominant capex item. RMC operations carry transit exposure on time-sensitive product. The workforce profile combines high-hazard plant operations with silica-exposure occupational health risk. The right programme treats each as a discrete underwriting submission rather than a generic 'cement plant' bucket.
Cement operations put plant, kilns, transit and public liability at the centre of the programme. We underwrite these four first.
Each cover below is a link to the policy page. The combination, the limits and the wording are what we negotiate on your behalf.
A common claim is kiln or mill breakdown that stops production, combining costly repairs with lost output, or a transit incident involving bulk carriers on the road. Dust and operations near the public can also generate liability claims.
Speak with an advisor who has arranged cover for cement before.
Project insurance for contractors and developers, CAR, EAR, equipment, worker compensation and contractual liability across the project lifecycle.
Construction insurance is project-specific by definition: each site has its own scope, duration, contractor structure and risk profile. CAR/EAR policies need to be aligned with the actual contract, not bought as generic forms. The same applies to worker compensation, contractual liability and the equipment floater that follows the contractor between projects.
On a live site the works, the plant, the workforce and the surrounding property are all exposed at once. These four first.
Each cover below is a link to the policy page. The combination, the limits and the wording are what we negotiate on your behalf.
A defining claim is damage to the works during construction, from flood, fire, collapse or theft of materials, often alongside injury to a worker or damage to an adjacent property. The claim can involve the contractor, the owner and sub-contractors at once.
Speak with an advisor who has arranged cover for construction before.
Insurance for engineering procurement & construction firms, design liability, project execution risk, equipment and contractual exposure.
EPC contractors carry the most complex liability profile in the construction supply chain: design responsibility (where errors in calculations or specifications create long-tail claims), construction execution risk (CAR/EAR perils) and contractual liability under sophisticated EPC contracts that can extend defects liability for years. Each layer needs its own cover.
EPC contracts carry erection, testing, delay-in-start-up and defect liability across the build. These four lead.
Each cover below is a link to the policy page. The combination, the limits and the wording are what we negotiate on your behalf.
On an EPC contract a common claim is damage or defect during erection and testing, or a delay in start-up that pushes back the client's revenue. A single testing failure can cascade into a delay claim under the contract.
Speak with an advisor who has arranged cover for engineering before.
Cover for electrical and electronics manufacturers, process fire, product liability, marine cargo and machinery breakdown.
Electrical and electronics manufacturing combines a fire-vulnerable plant environment (electronic assemblies, solvents, soldering operations) with product-liability exposure that follows the goods well after they have left the factory. The insurance programme needs both, and the cargo cover that connects them to the supply chain.
Electrical and electronics units face fire, breakdown, stock and product-liability exposure together. We scope these four.
Each cover below is a link to the policy page. The combination, the limits and the wording are what we negotiate on your behalf.
A frequent claim is fire or an electrical short that damages both premises and sensitive stock, or a product-liability claim where a defective component causes downstream loss. Breakdown of specialised equipment is the other common trigger.
Speak with an advisor who has arranged cover for electrical before.
Insurance for pharma manufacturers, formulators, contract research and biotech operators, product, plant, regulatory and clinical risk.
Pharmaceutical operations sit at the intersection of high-capex sterile manufacturing, regulated product distribution and rising cyber/data exposure under DPDPA. The insurance programme spans IPP, product recall, clinical trial liability, cargo (often cold-chain) and increasingly cyber. Generic 'pharma policies' miss most of this.
Pharma runs product liability, plant, cold-chain and recall risk in parallel. These are the four we scope first.
Each cover below is a link to the policy page. The combination, the limits and the wording are what we negotiate on your behalf.
A defining exposure is a product or batch problem leading to recall, alongside plant fire and cold-chain failure that spoils temperature-sensitive stock. A recall can dwarf the physical loss.
Speak with an advisor who has arranged cover for pharmaceuticals before.
Cover for spinning, weaving, knitting, dyeing and garment manufacturing, process fire, machinery, marine exports and large workforce exposure.
Indian textile and garment operators run on volume, large workforces, high stock turnover, significant export marine exposure under LC terms. The plant carries elevated fire risk from cotton dust and chemical processes, and the BI exposure from a process stoppage can dwarf the immediate property loss.
Textile units concentrate fire, stock accumulation and machinery risk under one roof. These four lead the review.
Each cover below is a link to the policy page. The combination, the limits and the wording are what we negotiate on your behalf.
The classic claim is a fire that spreads quickly through accumulated fabric and finished garments under one roof, taking stock, machinery and part-completed orders together. Sprinkler and housekeeping standards heavily influence both the loss and the premium.
Speak with an advisor who has arranged cover for textiles before.
Insurance for freight forwarders, NVOCCs, customs house agents and 3PL operators, cargo liability, professional indemnity and warehouse risk.
Freight forwarders carry liability for goods they do not own and exposures they cannot fully control. The right programme separates the freight-forwarder liability layer (contractual) from the warehouse and transport-fleet layers, and adds professional indemnity for errors in documentation, classification or routing.
Freight risk lives in transit, in the warehouse and in the liability you carry for other people's goods. These four first.
Each cover below is a link to the policy page. The combination, the limits and the wording are what we negotiate on your behalf.
A representative claim is cargo damaged or stolen in transit or while in the warehouse, layered with a liability claim from the customer whose goods you were carrying. The dispute is often about whose policy responds.
Speak with an advisor who has arranged cover for logistics before.
Insurance for goods-vehicle operators, passenger-fleet companies, taxi aggregators and cargo transporters, fleet risk, driver liability and cargo.
Fleet operators carry concentrated motor risk: third-party liability under the MV Act is uncapped, driver behaviour is the dominant claim driver, and downtime erodes daily revenue. The programme needs to cover all three, plus the cargo where applicable, at fleet rates that reflect actual usage rather than scheduled tariff.
A fleet's exposure sits on the road, in the cargo carried and in third-party liability. We scope these four first.
Each cover below is a link to the policy page. The combination, the limits and the wording are what we negotiate on your behalf.
The most common claim is a road accident involving own damage to the vehicle and a third-party liability claim for injury or property, sometimes with the cargo damaged as well. Running many vehicles means many small claims and the renewal impact they carry.
Speak with an advisor who has arranged cover for transport before.
Cover for warehouse operators and cold storage facilities, property, customer goods, refrigeration breakdown and stock spoilage.
Warehouse and cold-storage operators carry both their own property risk and bailee's liability for customer goods. Cold-storage facilities additionally face refrigeration-breakdown exposure where a few hours of plant failure can destroy weeks of stock. The right programme treats each as a discrete cover, not a generic 'warehouse policy'.
Warehousing and cold storage face fire, stock spoilage and handling liability above all. These four come first.
Each cover below is a link to the policy page. The combination, the limits and the wording are what we negotiate on your behalf.
A defining claim is fire or a refrigeration breakdown that spoils stored stock, often owned by third parties, which brings both property and bailee-liability exposure. Stacking height and fire protection strongly shape the outcome.
Speak with an advisor who has arranged cover for warehousing before.
Hospitality insurance for hotels and resorts, property, guest liability, employee compensation and food-borne illness exposure.
Hotel and resort operations combine high-value property (often heritage or coastal-location), continuous guest exposure (slip-and-fall, food safety, asset theft from rooms) and large multi-shift workforces. Group health and life cover for staff is increasingly demanded by corporate clients placing bulk room bookings.
A hotel carries property, guest liability, spoilage and business-interruption risk simultaneously. These four lead.
Each cover below is a link to the policy page. The combination, the limits and the wording are what we negotiate on your behalf.
A common claim combines property damage, from fire, storm or a kitchen incident, with a guest liability claim and the business interruption of rooms going offline. Spoilage of food stock often rides along.
Speak with an advisor who has arranged cover for hotels before.
Insurance for restaurants, QSR chains and cloud kitchens, kitchen fire, food-borne illness, employee injury and high-volume cash handling.
Restaurant operators carry property risk concentrated in the kitchen, food-borne illness exposure that crosses into product-liability territory, and high cash and stock throughput that creates employee dishonesty exposure. QSR chains additionally face brand-reputational risk from a single-outlet incident across the entire franchise network.
Restaurants face fire, public liability, equipment breakdown and interruption exposure. We scope these four first.
Each cover below is a link to the policy page. The combination, the limits and the wording are what we negotiate on your behalf.
The typical claim is a kitchen fire or equipment breakdown that stops service, with food-stock spoilage and a possible public-liability claim from a customer. For a chain, one outlet's loss also affects the brand.
Speak with an advisor who has arranged cover for restaurants before.
Insurance for hospitals, multi-specialty clinics and nursing homes, medical equipment, professional indemnity, premises liability and patient data.
Hospital insurance combines high-capex medical equipment, professional indemnity for medical staff (an increasingly active claims area in India), premises liability for patient and visitor incidents, and rising cyber exposure as patient records digitise under DPDPA. Each layer has its own underwriting, its own policy form and its own claims pattern.
Hospitals run property, professional indemnity, equipment and employee risk together. These four come first.
Each cover below is a link to the policy page. The combination, the limits and the wording are what we negotiate on your behalf.
The defining exposure is a professional-liability claim arising from treatment, alongside property and expensive medical-equipment risk and a duty of care to employees. A single incident can involve patients, staff and equipment together.
Speak with an advisor who has arranged cover for hospitals before.
Cover for diagnostic centres, dental clinics, polyclinics and specialty outpatient facilities, equipment, indemnity and premises.
Diagnostic centres and clinics carry concentrated equipment value (imaging, lab analysers, dental chairs) with less workforce exposure than hospitals but similar premises and professional liability concerns. Cyber exposure is rising as electronic medical records become standard.
Clinics carry high-value equipment, professional liability and premises exposure. These are the four we scope first.
Each cover below is a link to the policy page. The combination, the limits and the wording are what we negotiate on your behalf.
A common claim involves breakdown of or damage to costly diagnostic equipment that halts services, or a professional-liability claim from a diagnosis or procedure. Premises perils such as fire and water damage are the other frequent triggers.
Speak with an advisor who has arranged cover for clinics before.
Insurance for K-12 schools, colleges, universities, coaching institutes and EdTech operators, premises, student safety and faculty.
Educational institutions face premises liability for student safety, faculty employee compensation, building property risk often spanning multiple campuses, and increasingly cyber exposure where online classes, student records and payment systems are concerned. Personal accident cover for students is often a parent-mandated or board-mandated benefit.
A campus exposes its buildings, public liability, and a duty of care to students and staff. We underwrite these four first.
Each cover below is a link to the policy page. The combination, the limits and the wording are what we negotiate on your behalf.
A representative claim is fire or storm damage to buildings and contents, or a public-liability claim following injury to a student or visitor on the premises. Cover for the workforce and, for boarding, for students adds further layers.
Speak with an advisor who has arranged cover for schools, colleges before.
Insurance for standalone retail shops, brand showrooms, specialty stores and small retail chains, stock, premises, glass and customer liability.
Retail operations carry concentrated stock value, plate-glass exposure on shop fronts, burglary and theft risk on closed hours, and customer-injury liability during opening hours. Larger retailers add fidelity exposure as cash and stock pass through more hands. The shopkeeper's package addresses most of this in one document, with extensions where needed.
Retail concentrates stock, fire, theft and public-liability risk right at the counter. These four lead.
Each cover below is a link to the policy page. The combination, the limits and the wording are what we negotiate on your behalf.
The classic claim is a fire, burglary or water-ingress event that damages stock and fittings and stops trading, sometimes with a public-liability claim from a customer on the floor. Cash and glass are frequent smaller losses.
Speak with an advisor who has arranged cover for retail shops before.
Insurance for shopping centres, mixed-use complexes and large retail developments, common areas, tenants, public liability and BI.
Shopping mall operators carry building property risk for the structure and common areas, public liability for visitor footfall, business interruption from any closure event, and an additional layer of exposure where mall operations enable or affect tenant occupancy. Terrorism cover is also typically required for larger urban malls.
Malls carry large property values, heavy footfall liability and business-interruption risk. These four come first.
Each cover below is a link to the policy page. The combination, the limits and the wording are what we negotiate on your behalf.
A defining claim combines large property values, from fire, flood or a services failure, with public liability from heavy footfall and business interruption affecting many tenants. The scale of sum insured and the crowd exposure set malls apart.
Speak with an advisor who has arranged cover for shopping malls before.
Cover for wholesale traders, C&F agents and distribution networks, stock, transit, credit-risk-adjacent fidelity, and warehouse property.
Wholesale and distribution operators carry concentrated stock value moving continuously through warehouses, ports and customer sites. The exposures are heavy on cargo and warehouse fire risk, with fidelity and dishonesty exposure from the touchpoints where goods and money exchange hands.
Distribution risk sits in stock, in transit and in the liability carried down the supply chain. These four first.
Each cover below is a link to the policy page. The combination, the limits and the wording are what we negotiate on your behalf.
A common claim is fire or burglary of accumulated stock in the warehouse, or damage in transit between suppliers and customers, layered with liability carried down the supply chain. High stock turnover makes accurate sum insured critical.
Speak with an advisor who has arranged cover for wholesale before.
Insurance for real estate developers and property holders, under-construction risk, completed property, defects liability and developer-PI.
Real estate developers carry CAR/EAR exposure during construction, then transition into completed-property cover at handover, with overlapping defects-liability and RERA-driven obligations. Developer professional indemnity is rising in claim activity as RERA enforcement creates documented claim pathways.
Developers face works, latent-defect, liability and completed-asset risk across a project's life. These four first.
Each cover below is a link to the policy page. The combination, the limits and the wording are what we negotiate on your behalf.
Across a project the claims range from works damage during construction to liability claims after handover, plus asset risk on completed, unsold units. The exposure shifts as the project moves from site to sale.
Speak with an advisor who has arranged cover for real estate before.
Insurance for IT services firms, SaaS operators, software product companies and tech consultancies, cyber, PI, office property and people.
IT and software companies carry high cyber exposure as both targets and sources of liability, client data they hold, code they ship, services they provide. Professional indemnity for software-services failures sits alongside cyber-breach exposure. The office property and workforce layer is comparatively low-risk; the digital layer is where the programme weight sits.
For IT and software firms the exposure is data, professional liability and interruption, not the building. These four first.
Each cover below is a link to the policy page. The combination, the limits and the wording are what we negotiate on your behalf.
For an IT firm the defining claims are digital, not physical: a data breach or ransomware event, a professional-liability claim from a client over a service failure, and the business interruption of systems being down. The building is rarely the issue.
Speak with an advisor who has arranged cover for it before.
Cover for law firms, accounting practices, management consultancies, audit firms and other professional service organisations, PI, cyber, office and people.
Professional services firms carry professional indemnity as their primary exposure, errors and omissions, advice given, work delivered, typically on long-tail discovery patterns. Cyber and office cover sit alongside, with workforce benefits increasingly required for senior-talent retention.
Professional firms carry indemnity, cyber and office exposure above physical risk. We scope these four first.
Each cover below is a link to the policy page. The combination, the limits and the wording are what we negotiate on your behalf.
The defining claim is a professional-liability allegation, a negligent advice, error or omission that causes a client loss, often accompanied today by a cyber or data-breach exposure. The office and its equipment are a secondary concern.
Speak with an advisor who has arranged cover for professional services before.
Factory and warehouse fire, explosion and allied perils, and the under-insurance gap that surfaces at claim time.
India's factories, warehouses and commercial premises face fire from electrical faults, hot work, chemical storage and ageing wiring. The Standard Fire & Special Perils and Bharat Sookshma/Laghu Udyam policy forms cover the peril, but sums insured set years ago rarely track today's construction and plant-replacement costs, leaving most operators 25-40% under-insured before a claim is even tested.
The exposures we evaluate first when scoping a programme against this risk.
The sectors where this exposure is most acute, each links to its industry page.
Each cover links to its full product page. The combination, limits and wording are what we structure on your behalf.
Speak with an advisor who has structured cover against this risk for clients in your sector.
Sudden electrical and mechanical failure of plant, the peril your fire policy explicitly excludes.
Machinery Breakdown cover responds to sudden and unforeseen physical damage to plant, short circuits, overpressure, centrifugal force, operator error, that fire and property policies specifically exclude. For asset-heavy operators the bigger exposure is the loss of profit while a critical machine is down and a replacement part sits on a long import lead time.
The exposures we evaluate first when scoping a programme against this risk.
The sectors where this exposure is most acute, each links to its industry page.
Each cover links to its full product page. The combination, limits and wording are what we structure on your behalf.
Speak with an advisor who has structured cover against this risk for clients in your sector.
Damage, theft and total loss to goods moving by road, rail, sea or air.
From inland road movements to CIF/CIP import-export consignments, cargo faces handling damage, accident, pilferage, water ingress and total loss. ICC (A/B/C) clause selection, the correct sum insured (invoice + freight + 10%) and clear inco-term alignment decide whether a claim is paid in full or contested.
The exposures we evaluate first when scoping a programme against this risk.
The sectors where this exposure is most acute, each links to its industry page.
Each cover links to its full product page. The combination, limits and wording are what we structure on your behalf.
Speak with an advisor who has structured cover against this risk for clients in your sector.
Flood, cyclone and earthquake losses, rising in frequency, under-reflected in old sums insured.
India is among the world's most catastrophe-exposed economies. Coastal industrial corridors, monsoon-dependent supply chains and warming inland geographies have all seen claim frequency rise. Cover sized against decade-old reinstatement values is no longer adequate, flood, cyclone and earthquake exposure belongs in property, marine, BI and CAR placement as a structural input, not a residual concern inside a generic fire policy.
The exposures we evaluate first when scoping a programme against this risk.
The sectors where this exposure is most acute, each links to its industry page.
Each cover links to its full product page. The combination, limits and wording are what we structure on your behalf.
Speak with an advisor who has structured cover against this risk for clients in your sector.
The gross profit lost while you rebuild, the exposure bigger than the property itself.
Business interruption (loss of profit) cover responds to the financial consequence of an insured physical loss, lost gross profit, continuing fixed costs and the increased cost of working during the indemnity period. Setting the right indemnity period and gross-profit basis is where most programmes fall short, leaving a gap precisely when revenue stops.
The exposures we evaluate first when scoping a programme against this risk.
The sectors where this exposure is most acute, each links to its industry page.
Each cover links to its full product page. The combination, limits and wording are what we structure on your behalf.
Speak with an advisor who has structured cover against this risk for clients in your sector.
Statutory and common-law liability for workplace death, injury and occupational disease.
The Employees' Compensation Act, 1923 (and ESIC where applicable) fixes employer liability for workplace death, disablement and occupational disease. WC/EC policies cover the statutory award, while common-law negligence and Fatal Accidents Act exposure sit alongside. High-hazard worksites carry the steepest exposure, and contractor labour widens it further.
The exposures we evaluate first when scoping a programme against this risk.
The sectors where this exposure is most acute, each links to its industry page.
Each cover links to its full product page. The combination, limits and wording are what we structure on your behalf.
Speak with an advisor who has structured cover against this risk for clients in your sector.
Third-party injury, property damage and defective-product claims, rising in Indian courts.
Public liability covers third-party bodily injury and property damage at your premises or from your operations; product liability responds to harm caused by a defective product after it leaves your control. The Consumer Protection Act, 2019 widened product-liability exposure materially, and defence costs in metro courts can exceed the award itself.
The exposures we evaluate first when scoping a programme against this risk.
The sectors where this exposure is most acute, each links to its industry page.
Each cover links to its full product page. The combination, limits and wording are what we structure on your behalf.
Speak with an advisor who has structured cover against this risk for clients in your sector.
Ransomware, data breach and BI from cyber events, plus DPDP Act penalties.
Cyber cover responds to first-party loss (ransomware, system restoration, business interruption, cyber extortion) and third-party liability (data-breach claims and regulatory penalties under the Digital Personal Data Protection Act, 2023). Every business holding customer or employee data is now a data fiduciary with statutory obligations and real financial exposure.
The exposures we evaluate first when scoping a programme against this risk.
The sectors where this exposure is most acute, each links to its industry page.
Each cover links to its full product page. The combination, limits and wording are what we structure on your behalf.
Speak with an advisor who has structured cover against this risk for clients in your sector.
External theft of stock and cash, and internal employee fraud and embezzlement.
Crime exposure spans external burglary and theft of stock and cash, and internal fidelity loss, employee fraud, embezzlement and theft of cash or stock. Cash-handling and high-stock businesses carry the steepest exposure, and fidelity claims are typically discovered months after the loss, once the value is long gone.
The exposures we evaluate first when scoping a programme against this risk.
The sectors where this exposure is most acute, each links to its industry page.
Each cover links to its full product page. The combination, limits and wording are what we structure on your behalf.
Speak with an advisor who has structured cover against this risk for clients in your sector.
Negligence, errors and malpractice claims that follow advice, design and care.
Professional indemnity (errors & omissions) and medical malpractice cover the cost of defending and settling claims arising from professional negligence, error or omission, bad advice, a flawed design, a missed diagnosis. Claims are made years after the work on a claims-made basis, and the Consumer Protection Act extends exposure to service professionals.
The exposures we evaluate first when scoping a programme against this risk.
The sectors where this exposure is most acute, each links to its industry page.
Each cover links to its full product page. The combination, limits and wording are what we structure on your behalf.
Speak with an advisor who has structured cover against this risk for clients in your sector.
Forty of the terms that come up most often in Indian commercial insurance, written in plain language. Bookmark this page and link to a specific term in any client conversation.
This glossary is published by Rakshit Financial Services under Creative Commons CC-BY 4.0, you are free to quote, link to, or republish definitions with attribution. Suggest a term we should add →
In Sanskrit and Hindi, रक्षित (rakṣita) means kept safe. We have spent more than two decades building an insurance practice worthy of the name, in business since 2004 and trusted with lakhs of policies across India.
Twenty-two years of advisory across India
Placed and serviced for clients nationwide
Regulated, accountable to every client
With offices in Jaipur and Mumbai
In Sanskrit and Hindi, रक्षित (rakṣita) means protected, guarded, kept safe. It grows from the root रक्ष् (rakṣ), to protect or to guard, the same root behind रक्षा (rakṣā), protection, and रक्षक (rakṣaka), a protector or guardian.
It is a fitting word for what insurance actually is. Stripped of the jargon, insurance is protection made deliberate: many people each set a little aside, so that when loss falls on one of them, it does not fall alone. A policy is simply that promise, written down.
We took the name seriously enough to build the firm around it. We assess the risk before we recommend a product, because protection of the wrong size is not protection at all. And we stay through the claim, because a promise is only worth what it pays when it is finally tested.
Since 2004
Rakshit Financial Services was founded in 2004, as India was modernising its insurance market and professional advisory standards were being newly defined. We began with a simple conviction: that clients deserve cover sized to their real risk, and an advisor who stays with them through the claim.
More than twenty years on, we have placed and serviced lakhs of policies for industry, commerce and families across the country. The risks our clients face are barely recognisable from the ones we started with. The discipline behind every recommendation has not changed at all.
Three commitments turn a word into a way of working. They shape every conversation we have, every policy we arrange and every claim we handle.
Speak with an advisor who will give you a straight answer about where your cover is adequate and where it is not. No obligation.
How Rakshit Financial Services collects, uses and safeguards the personal information you share with us.
This Privacy Policy explains how Rakshit Financial Services (referred to as "we", "us" or "RFS") handles the personal information of visitors to this website and of clients and prospective clients who contact us. We are an IRDAI-registered insurance intermediary based in India. We are committed to handling your information lawfully, fairly and transparently, in line with the Digital Personal Data Protection Act, 2023 and applicable IRDAI regulations.
We collect the information you choose to provide and a limited amount of technical information created automatically when you use the website.
We do not ask for payment card details, bank account details, government identification numbers or health records through this website. Please do not send such information through the website forms.
We process your personal data on the basis of your consent, which you give when you submit a form, and where it is necessary to take steps at your request, to provide the service you ask for, or to meet a legal or regulatory requirement. You may withdraw your consent at any time by contacting us, though this may affect our ability to provide a service you have requested.
We share your information only as needed to provide the service you have asked for and to meet our obligations. This may include:
We do not sell your personal information, and we do not share it for unrelated marketing.
We keep your information for as long as needed to respond to your enquiry, to provide and service any cover you arrange through us, and to meet legal, regulatory and tax record-keeping requirements. When it is no longer needed, we remove or anonymise it.
Subject to the Digital Personal Data Protection Act, 2023, you have the right to ask us for access to the personal data we hold about you, to ask us to correct or update it, to ask us to erase it where it is no longer required, and to withdraw your consent. To exercise any of these rights, please contact us using the details below.
We use reasonable technical and organisational measures to protect your information against loss, misuse and unauthorised access. No method of transmission over the internet is completely secure, so while we work to protect your information we cannot guarantee absolute security.
This website uses a small amount of local storage in your browser to remember your language preference. It does not use advertising or third-party tracking cookies. The site loads no third-party analytics or advertising scripts.
Raksha AI is our proprietary AI assistant. When you chat with it or paste text for an instant policy check, your message is sent to our AI provider to generate a reply. We do not store your chat messages or the policy text you paste. If you ask Raksha AI to arrange a callback, the contact details you provide are saved so an advisor can reach you, as described below.
If you have a question about this policy or about how we handle your information, or if you wish to make a complaint, please contact us:
If your complaint is not resolved to your satisfaction, you may escalate it to the Insurance Regulatory and Development Authority of India (IRDAI) through its grievance redressal channels at irdai.gov.in.
We may update this policy from time to time. The current version will always be available on this page, with the effective date shown below.
Important information about the content of this website and the services described on it.
The information on this website is provided for general guidance about insurance and risk. It is not advice for your specific situation and should not be relied on as such. Any decision about cover should be made after a proper discussion of your needs with us and after reading the relevant policy documents.
Descriptions of products and cover on this website are summaries. The cover that actually applies in any case is governed by the policy wording issued by the insurer, including its terms, conditions, limits and exclusions. Cover is subject to acceptance and underwriting by the insurer. Nothing on this website is an offer or a guarantee of cover, of a particular premium, or of the outcome of any claim.
Any premium guidance shown on this website, including the guide to what shapes a premium in our quote request tool, is indicative only. It explains the factors an advisor weighs and does not state a price. It is not a quotation and does not bind us or any insurer. Your premium is confirmed by the insurer after a full review of your requirements.
The claim-settlement chart on our homepage shows the share of claims paid within three months of intimation by leading private general insurers, taken from the IRDAI annual report and refreshed by our data desk. These figures are reproduced from the regulator's published data and are not our own measurements or estimates. Where a figure is not yet verified it is marked as such rather than shown. The chart's horizontal scale is drawn from 80 to 100 percent so that differences between high-performing insurers are visible, and the exact percentage is always shown beside each insurer.
Claim-settlement performance is one input among several we weigh when recommending an insurer, alongside wording quality, engineering and claims service, and price. A high settlement rate is not a promise about the outcome of any individual claim, which depends on the policy wording and the facts of the loss. The comparative life-insurer benchmark figures, with the source and study period, are set out below.
Loading the latest published figures.
Rakshit Financial Services is an IRDAI-registered insurance intermediary in India. We act within the scope of our registration. Details of our registration are set out on our regulatory and registration information page.
The names and logos of insurance companies shown on this website are the property of their respective owners. They are shown to indicate the insurers we work with and do not imply any endorsement by them of this website.
Where this website links to external sites, such as the regulator's website, those sites are not under our control. We are not responsible for their content or their privacy practices.
Raksha AI is the proprietary AI assistant of Rakshit Financial Services. It provides general information to help you understand insurance and is not a substitute for advice from a licensed advisor. Raksha AI does not make coverage or claims decisions, does not bind cover, and any figures it discusses are indicative only. For anything specific to your situation, please speak to an RFS advisor.
While we take care to keep the information on this website accurate and current, we do not warrant that it is complete, accurate or up to date at all times. To the extent permitted by law, we are not liable for any loss arising from reliance on the information on this website.
This website and this disclaimer are governed by the laws of India. Any dispute relating to them is subject to the jurisdiction of the courts of Udaipur, Rajasthan.
For any question about this disclaimer, contact us at info@rakshitinsurance.com or +91 92514 56334.
Our standing as an IRDAI-registered insurance intermediary and how to verify it.
Rakshit Financial Services holds multiple registrations with the Insurance Regulatory and Development Authority of India (IRDAI) and arranges cover with IRDAI-registered insurers. To protect our clients from impersonation, we share our full registration details directly on request rather than listing them publicly on this page.
Before placing business with us, ask us for the registration details relevant to your cover, then confirm them directly with the regulator on the IRDAI website at irdai.gov.in. Always deal with us through this website, our official email and our published phone number, and verify any document that claims to be from us.
We are authorised to solicit and service insurance business within the scope and terms of our IRDAI registration, and we arrange cover with IRDAI-registered insurers.
If you have a complaint, please contact us first at grievance@rakshitinsurance.com so we can try to resolve it. If it is not resolved to your satisfaction, you may escalate it to the IRDAI through its grievance redressal channels at irdai.gov.in.
Six real cases that shaped how risk is insured and claims are settled in India: what happened, how each was handled, and the sums involved. Figures are as publicly reported and shared as general information, not advice.
On 26 July 2005, record rainfall submerged Mumbai, flooding factories, warehouses, stock, vehicles and homes across the commercial capital.
Insurers ran mass surveys and fast-tracked settlements. The event reshaped how the Indian market models urban flood risk and prices natural-peril cover.
Around ₹2,250 crore (about US$500 million) in claims, still the largest natural-catastrophe insurance payout in Indian history.
The November 2008 attacks caused extensive damage to the Taj Mahal Palace, the Trident/Oberoi and other premises, alongside heavy business interruption.
Claims were met largely through India's terrorism risk insurance pool, created after 9/11. Property and business-interruption losses were assessed and paid over the months that followed.
About ₹376 crore in claims settled across the affected hotels and businesses.
In July 2005 a support vessel collided with ONGC's Mumbai High North platform, igniting a fire that destroyed the complex and caused 22 fatalities.
The loss was settled under ONGC's offshore energy package policy, led by reinsurers, after detailed assessment of cause and quantum.
Insurers paid roughly ₹1,700 crore in total; the platform alone was insured for about US$195 million.
A styrene vapour leak at the LG Polymers plant in May 2020 killed 11 people and forced thousands in nearby villages to evacuate.
The National Green Tribunal applied the 'absolute liability' principle, holding the company liable regardless of fault and ordering an immediate deposit toward damages and environmental restoration.
An initial ₹50 crore was ordered as interim damages, a reminder of why public and environmental liability cover matters for hazardous operations.
Super Cyclone Amphan struck eastern India in May 2020, devastating property, vehicles and crops across West Bengal and Odisha.
Insurers processed claims quickly where cover was in place, but most of the loss fell on uninsured households and small businesses.
Total damage was estimated near US$13 billion (about ₹1 lakh crore), yet only around ₹350 crore was insured, one of the starkest protection gaps on record.
In January 2021 a fire tore through an under-construction building at the Serum Institute of India in Pune, killing five workers and destroying equipment and stock.
Because production was spread across multiple facilities, vaccine output continued from unaffected blocks, limiting the operational hit while the property and contractor's-risk loss was assessed.
The company estimated the damage at over ₹1,000 crore, underlining the value of correctly-valued fire and contractor's all-risk cover.
A written review of your cover against scenarios like these is free.
Licensed insurance advisors serving businesses and individuals across India. Programme design, placement, renewals and claims advocacy under IRDAI conduct standards.
1. Cumulative corporate and individual clients advised since 2004, per internal engagement records.
2. Aggregate sum insured across placements arranged by RFS, as of 2026, per internal records.
3. First substantive response on claims intimation within 48 working hours, per our service standard.
Rakshit Financial Services operates under the applicable Insurance Regulatory and Development Authority of India (IRDAI) regulations. Cover is subject to insurer underwriting and acceptance. Past performance is not indicative of future outcomes.
© 2026 Rakshit Financial Services. All Rights Reserved.
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Share a few details and an advisor responds with a tailored quote within one business day. No obligation.
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