If only we could predict everything that could go wrong in our lives, we would always find ways to prevent it. However, we all know that is an impossibility and when we can’t prevent things, the best we can do is be prepared for, and protect ourselves from, it. Insurance is that shield that we use against any untoward happening. It provides us with monetary protection against any loss resulting from an unpredictable mishap in lieu of the premium we pay to the Insurance company.

The Expanse Of Centric Wealth With Insurance

Centric Wealth provides complete insurance solutions encompassing all insurance categories. Basic understanding of the same can be understood as detailed ahead

Health Insurance: The insurer provides financial protection to individuals and families by covering medical & surgical expenses at a specified premium. It can either be in the form of direct payment to hospitals (cashless facility) or by reimbursing the expenses. 

Vehicle Insurance: Provides protection against damages or losses of vehicles in case of accidents, theft, third party liabilities and natural calamities. It covers both two-wheelers and four-wheelers.

Workmen Compensation Insurance: Provides financial protection to employers to fulfil their liabilities arising from accidental injury, occupational diseases or death of their employees while on duty. It is Mandatory for employers under the Workmen Compensation Act 1923.

Personal Accident Insurance: Financial compensation is provided in case of injuries, disabilities or death caused due to accidents. It covers medical expenses besides offering lump sum payment to the family of the insured in unforeseen events.

Fire Insurance: Protects against losses or damages to property caused due to fire explosions or being hit by lightning. It not only covers repair and replacement costs but also helps businesses to recover from fire accidents.

Travel Insurance: Provides protection against unprecedented events during a trip such as trip cancellations, medical emergency, lost luggage or delays.

Marine Insurance: Covers losses/damage to ships or cargo incurred during transit by sea, air or land. It protects against risks like accidents, piracy, natural calamities, theft etc.

Factory Premise Insurance: It aims to protect physical assets in a factory such as buildings, machinery, equipment and inventory in cases of accident, theft or natural disasters. It enables businesses to recover from potential losses.

Employee Group Health Insurance: It is a policy offered by employers which covers medical expenses for their employees and their dependents. It includes hospitalization expenses, doctor consultations and wellness programs that promote employee well-being and financial security.

PCG Insurance: It is a specialised insurance given to high-net-worth individuals by protecting their luxury assets and valuables. The policies are customizable and have high coverage limits with premium services that are designed to meet unique client needs.

Trade Credit Insurance: Its objective is to protect businesses against payment default by its customers. It helps the company to manage their cash flows, reduce losses due to bad debts and enables them to extend credit safely.

IPO Insurance: It aims at protecting all directors and companies against legal risks and liabilities that arise when an IPO is issued. It covers claims related to misstatements, omissions or any regulatory proceedings. It provides financial protection during and after the IPO process.

Liability Insurance: It protects individuals & businesses from financial losses that arise due to legal claims for property damage, injury or negligence. It covers legal costs, settlements and medical expenses and helps in safeguarding assets and operations.

Protection Against Cyber Crime & Commercial Crime: Cybercrime insurance protects businesses against financial losses due to cyberattacks, data breaches, ransomware and online fraud. It covers expenses of data recovery and legal fees. On the other hand, commercial crime insurance protects companies from internal and external crimes such as employee theft, fraud and embezzlement.

Surety Bond Insurance: It is a financial guarantee which ensures that a contractor or business will fulfil its contractual obligations. In case the obligations are not met, the surety will compensate the insured party. It is majorly used in construction, licensing and compliance agreements.

Solar Insurance: It aims to protect solar energy systems against weather damage, equipment failure and theft. It covers repair, replacement and liability costs and provides financial security to solar panel owners.

Contractor’s All Risk (CAR) Insurance: It covers property damage, third-party injury and loss that occurs during a construction or a renovation project. It protects against unforeseen events such as accidents, natural disasters or vandalism that may occur during the process.