support service by idea

Support Service by IDEAIDEA

K. S. Burli [email protected]

098862079651

1. Identification 1. Physical Inspection2. Interaction with Insured3. Verification of various parameters 4. Reporting

2. Due Diligence of existing Insurances

Collecting all relevant Documents1. Existing Policies2. Proposals for new risk covers3. Warrantees4. Invoices

3. Evaluation of Risk 1. Proper valuation 2. Exposures to other risks3. Exclusions in Policies4. Explanation of coverage

4. Audit of existing policies for1. Proper coverage2. Exclusions3. Administer new covers4. Claims Assistance & Indemnity Advises

Identification

1. Physical InspectionTo Identify & help segregate insurable & non-

insurable risks

2. Interaction with InsuredTo understand what is their precise requirement

in Insurance & suggest them the appropriate package. Advise them on covers, exclusions & Valuation. Also help them choose the insurances to match their premium out go by proper Risk Management.

3. Verification of various parametersSuch as make, type, year of mfg. This helps in

quicker claims processing

4. ReportingThis forms the basis document for underwriting,

which includes the details of Identification, condition of the Risk & extent of cover needed by the client.


098862079652

Due Diligence of existing Insurances

Collecting all relevant Documents1. Existing Policies

Insurance audit can be done

2. Proposals for new risk coversRequirements of client for new covers

3. WarranteesClient needs explanation of warrantees

& how it is relevant in Insurance covers

4. InvoicesTo advise properly on Valuation


098862079653

Evaluation of Risk

1. Proper valuation Most clients are not aware of Insurance Valuation

& Indemnity aspects in Claim settlements. Explaining the proper valuation helps in proper claims adjustments

2. Exposures to other risksExplain to clients on other risks they are facing &

approximate cost for the same, so that they can manage themselves as per their desired Risk Management needs.

3. Exclusions in PoliciesIt is very important that the client is aware of

what is NOT covered in their policies, instead of giving them a false impression of coverage or being silent or ambiguous.

4. Explanation of coveragePrecise coverage needs to be explained with

examples, such as fire inside the equipments are not covered under FIRE policy


098862079654

Auditing of existing policies & advises on possible improvements

1. Proper coverageAny additional covers possible can also be explained

with cost implications, with suggestions for improvements

2. ExclusionsExplanation on which are the clear exclusions & which

can be covered by ADDITIONAL premium needs to be explained

3. Administer new coversNew coverage, exclusions, relevance to client &

advantages needs to be explained & option to cover may be proposed

4. Claims Assistance & Indemnity AdvisesSpeedy claims processing lies in proper

documentation as desired by the Insurer, which needs to be explained to clients.

Extent of claim indemnified by the Insurer is based on the adequacy of insurance, which depends on proper valuation & Sum Insured. Advises in this regard are needed


098862079655