At Aroon Fintech, we redefine excellence in insurance services! Our expert team, in partnership with leading Insurance Companies, delivers tailored solutions that fit your unique needs. Experience hassle-free insurance with no physical paperwork, streamlined processes, and unbeatable coverage options. Secure your future with Aroon Fintech – where innovation meets reliability!
Shield Your World: Secure Your Peace of Mind with Fire & Burglary Insurance!
Act now, don't wait till it's too late
Fire and Burglary Insurance is a type of insurance product that protects your property against any damage due to an outbreak of fire or burglary. This type of insurance plan ensures extra protection for your home, office, factory, and other property. There are a number of insurance companies that provide protection for both fire and burglary under one insurance plan. Fire and Burglary Insurance is thus a comprehensive type of insurance plan that ensures safety if your property is damaged due to fire explosions or even burglary. For instance, if there is any event of theft due to forced entry into your building, housebreaking to your property, or any third-party, then the necessary coverage will be provided under the Fire and Burglary Insurance.
Fire & Burglary Insurance
Specific Marine Insurance
Navigate with Confidence: Protect Your Voyage with Specific Marine Insurance!
Marine Insurance - Specific Policy is a type of insurance plan that provides coverage for a specific journey. This type of insurance policy provides coverage if there is any damage to the goods or any other product during transportation from the start location to the destination. As the name suggests, Marine Insurance Specific Policy provides coverage only for a specified journey. Whether you are getting your goods transported by airways, ships, or any other means, Marine Insurance - Specific Policy provides the relevant financial protection. Any business be it a small or established business, requires this insurance policy to ensure protection for their transported goods. This plan thus protects your goods in case of theft, damage, mishandling, or even instances of non-delivery. So, any business based on their requirement can customise Marine Insurance Specific Policy as per their needs.
Contractor’s Plant & Machinery Insurance
Act now, don't wait till it's too late
Contractors plant and machinery insurance protects manufacturers and construction site owners financially. The plan covers loss or damage caused to machines used in construction sites and manufacturing plants. Additionally, the plan provides financial protection against third-party bodily injuries and property damages caused due to the insured’s operations.
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Every plant and machinery used at construction sites and at manufacturing units can get damaged anytime. This kind of loss or damage can obstacle the functioning of your overall business. For instance, you own a clothing manufacturing unit, and one piece of machinery got damaged. Your workers will not be able to produce new products, and your logistics and operations team will not be able to meet the demands of your clients.
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To protect yourself from this kind of mishap, you must purchase contractor plant and machinery insurance. It is a general insurance policy that protects construction site owners and manufacturers against machinery loss and damages. You can claim your policy if any loss happens due to fire, natural calamities, riots, and more unfortunate perils.
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Above all, policyholders can enhance the coverage of their policy by purchasing various add-ons like express freight, air freight, escalation, earthquake, third-party liability, terrorism, additional customs duty, and many others as mentioned in the policy document.
Contractor’s Plant & Machinery Insurance
Workmen Compensation Insurance
Safeguard Your Team: Workmen Compensation Insurance for a Secure Future!
Workmen Compensation Insurance provides financial protection to employees in case of any injury or disability that happens due to their job. To put it simply, the policy will help guard your employees against mishaps that may arise on the work premises.
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Unfortunate workplace events can occur regardless of how many precautions are taken. Therefore, worker’s compensation insurance will provide protection for your employees who get injured or become disabled while performing their job.
For instance, suppose you own a construction firm and your workers get injured while working at the construction site. The worker can sue and claim compensation for medical expenses if your business is not covered under worker’s compensation insurance.
Healthy Teams, Happy Dreams: Secure Your Workforce with Group Medical Insurance!
Group Medical Insurance
Group Health Insurance or what is also known as Corporate Health Insurance Policy is a type of health insurance policy that caters to the health insurance needs of employees of an organisation. Whether it is a small business or MNCs, an insurance plan like Group Health Insurance is important to promote employee retention and serve a lot of other benefits.
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Group Health Insurance as the name suggests is a type of insurance plan that provides health insurance coverage to employees of an organisation. It provides the relevant health insurance coverage under one single plan and is thus a cost-effective option for employers. It is important to note that Group Health Insurance is different from individual health insurance plans as it covers the entire group under one plan only. A group health insurance plan is beneficial for both employers and employees. Scroll through the section below to find out more about its benefits.
Group Medical Insurance
Group Personal Accident Insurance
Group Personal Accident Insurance
Group Personal Accident Insurance provides financial security against accidental death and disabilities. This employer offers a group personal accident policy to its employees. The plan provides many benefits, like disability coverage, a death benefit, children's education coverage, and more. Keep reading to find out the meaning, benefits, and more about group personal health insurance plans.
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Group Personal Accident Insurance provides financial protection against income loss due to the accidental death or disablement of an employee. Companies and organizations provide group health insurance plans to their employees and workers under an employee benefits scheme. The policy can be customised by the companies as per their size and needs.
The Group Personal Accident Policy helps companies pay hefty medical and treatment bills in the event of the partial or total disablement of an employee. Aside from this, the plan covers many other expenses, including child education and funeral expenses. Furthermore, this health insurance plan provides the sum assured to the nominee in case of the policyholder’s demise. To put it simply, group accident insurance gives employees a sense of security.
Whether you own a mid-size or large firm, it is wise to buy group personal accident insurance. It will not only motivate your employees but also make them feel valuable in the organisation.
Protect Together, Thrive Together: Secure Your Team's Future with Group Term Life Insurance!
Group Term Life Insurance
Group term life insurance provides life coverage for a group of people under a single insurance plan. Any organization, including banks, NGOs, professional groups, non-banking financial institutions, and more, can purchase this policy. The plan provides financial coverage for the family in case of the demise of any group member.
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Group Term Life Insurance is one of the benefits that employers offer to their employees. It is a type of life insurance that provides coverage for a specific group of people. It is an affordable way to ensure financial security for employees and their families in case of the unfortunate demise of the policyholder.
Group Term Life Insurance
Erection All Risk (EAR) Insurance
Erection All Risk (EAR) Insurance
The erection all risk insurance plan is a comprehensive insurance policy that covers losses or damages that happen to the projects. The loss or damage might happen due to the erection or installation of the plant, machinery, or equipment. Additionally, it protects the contractor against third-party liabilities.
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Any damage that happens to your machinery will constrain your day-to-day business operations. Additionally, the repair cost of this machinery might cause a financial burden for you. The erection all risk insurance plan comes to the rescue in situations like this, as it provides comprehensive protection against loss or damage that happens due to the installation of machinery or any other equipment in the factory.
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The Erection all risk insurance plan works similarly to the other insurance policies. This means that the policyholder pays a premium to an insurance company in exchange for financial protection. A premium for the erection of all risk insurance plans is evaluated on the basis of project type, overall value, and tenure of the project.
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The plan provides coverage against damages that happen while the machinery is installed, including during the storage, testing, and commissioning processes. The coverage of the erection all risk policy lasts until the project is completed and submitted to its owner.
Contractor’s All Risk (CAR) Insurance
The contractor’s All Risk Insurance Plan provides financial protection against loss or damage due to civil engineering projects. This protection plan is ideal for civil engineers, contractors, subcontractors, and others involved in the construction of projects. The plan covers the physical loss of construction material, property, plants, and equipment.
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The contractor’s all risk insurance plan provides protection against loss or damage incurred due to construction work, plant and machinery, and equipment. Additionally, the plan provides coverage for accidental bodily injuries that happen to a third party during the execution of the project.
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To put it simply, civil engineers involved in the construction work of the project get financial support from the contractor’s all risk insurance plan. Aside from civil engineers, manufacturers, suppliers, contractors, and subcontractors can also purchase a contractor’s all risk policy. You can buy the insurance plan for the entire project tenure, i.e., from the arrival of construction materials to the completion of the project. The civil project can be the construction of buildings, roads, dams, bridges on land, flyovers, tank construction, and others.
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The individuals involved in the construction projects must buy the contractor’s all risk insurance plan to reduce the material risk and third-party bodily damages.
Contractor’s All Risk (CAR) Insurance
Machinery Breakdown Insurance
Machinery Breakdown Insurance
Machinery breakdown insurance provides financial security to factories and industries for their machinery. The plan covers accidental breakdowns, the cost of repair or replacement of damaged pieces of machinery, or any other physical damage.
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In the case of the replacement of damaged parts of the machinery, the insurer calculates the loss in two ways:
Partial Loss: If there is a partial loss of the machinery, the coverage will pay for the full cost of the parts, including labor costs, air freight costs, customs duties, and the cost associated with the machinery’s disassembly and re-erection.
Total Loss: In this case, the sum assured is equal to the actual value of the items as of the time of the occurrence, less any applicable depreciation value.
Machinery breakdowns will ensure the seamless functioning of your business. If your machinery or any other equipment gets damaged, the insurer will pay compensation. Therefore, you will not have to bear the hefty cost of the damages.
Professional Indemnity Insurance
A professional indemnity insurance plan protects businesses and professionals who provide advice or services. This can either be a lawyer, accountant, or doctor. The policyholders can claim their policy in case they face any financial loss due to their clients. Let’s understand professional liability insurance with the help of an example:
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Suppose an architectural firm promised to complete the project by a set date. But, due to some reasons, the company was not able to do so. As a result, the client sues the company for not keeping the promise. Since the company was covered under the professional liability insurance policy, the insurer pays the legal fees and bears all the other expenses related to them.
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To put it simply, a professional indemnity insurance policy covers financial losses arising due to mistakes made by the policyholder and the legal costs associated with them.
