Gone are the days that a corporate used to buy an insurance policy once in a year and that the policy documents were kept safe under lock and keys till the next renewal. Risk management and Insurance policy management is now more a dynamic phenomenon as the risks facing organization are ever changing with the macro environment.
The litmus test of the policy document is to demonstrate itself to pay for claims. It is famously said what the Bold Reveals, the Fine Print Hides.
Hence it is imperative for organizations to validate that the policies that they have bought will stand the test of claims.
We at Anand Rathi assist with our rich collective experience of over 100 years of insurance domain, to validate the risk coverage under the policy, guide on covering insurance risk, check the policy limits with the current risks the organization is facing.
Disclaimer: The above is a broad indication. The actual available are as described in the policy wordings of the insurance company and will be subject to the policy terms, conditions and exclusions.