As Insurance Consultants we help businesses and individuals assess their insurance needs and make necessary plans to mitigate risks. We assist businesses identify various risks that their physical & human assets are exposed to as well as various legal liabilities that can ensue upon their business keeping in mind the socio-political, legal & technological, and geographical landscape that they operate in. Our team of experts then assesses the right insurance coverage based on the business needs of the company. We also help individuals identify the apt plans for their health and life insurance needs and aid in evaluating and securing other insurance products such as Motor Vehicle Insurance, Personal Accident Insurance etc.
STAGES
REVIEW
The first stage whether you are an Individual or a Business is to understand your risk profile, for an individual it can be factors like age, family size, earning capacity, assets owned etc while for a business it is usually the nature & scale of their operations, geography you operate in, your customer’s profile, regulations that apply to your specific industry etc.
IDENTIFY RISKS
Next is to find out various risks/hazards pertaining to your risk profile and how they can be detrimental to you as individual or the business. These risks can be classified as pure risks and Speculative risks, only the former is insurable
SELECTION OF INSURANCE
Based on the nature of the risk, we find out which Insurance cover is best suited to mitigate your risks and how the exposure can be best secured by way of additional covers under respective Insurance policies
COVER COMPARISON
Once the Insurance Policy is identified, we approach various Insurers to quote for the said risk and do cover comparisons based on parameters like reputation of the Insurer & its expertise in the respective line of business, Depth of Coverage, Premium levels, Claims Ratios, Service standards of insurer etc
RECOMMENDING OPTIONS
Once the Insurer is selected based on the given parameters, we then present our analysis to the you with all the pros and cons with 3 different options based on the priority of our recommendations to choose the Insurer
POLICY PLACEMENT
Once the Insurer is selected, we assist you in completing documentation to enable policy issuance, to effect any changes during the policy period vide endorsements.
In case of a claim our team assists you to submit the required documents to ensure a smooth claim processing.
Why POLICY ICON
With decades of industry expertise, our team at Policy Icon is at the forefront of risk management, offering :
• Customised insurance solutions crafted with precision
• A proactive approach to claim resolution providing hassle free policy & claims experience
• Optimal Insurance coverage at affordable premiums
• One Stop solution for all kinds of Insurance (Complete Portfolio Management)
• Safety audits and Risk management assistance
