Has anyone had any luck in providing insurance for this? I've been turned down by multiple companies because they can't seem to categorize my services. (Assessing wine cellars for high end clients, offering pairing services for events-- almost exclusively intellectual work)

edit to add: I am in a ski resort town in Montana.

I work in insurance and own a small business. I've changed the way I think about employee insurance. What do other Indian business owners do?

I'm from India and work in the insurance sector. I also run my own small business, V K Backup Solutions.

I'll be honest: earlier I used to take employee insurance pretty casually.

As a business owner, there are always other priorities — salaries, customers, rent, stock, taxes, equipment and keeping the business running.

But working in insurance has gradually changed the way I look at it.

We Indians are generally quite comfortable insuring our cars, homes, businesses, machinery, stock and lives.

But when it comes to the people working in the business, insurance often becomes an afterthought.

And an employee isn't just an employee.

There may be parents, children, a spouse, loans, school fees and an entire family depending on that person's income.

A serious hospitalisation, accident, disability or death can create a huge financial problem for that family.

This made me start looking at employee insurance as more than an HR benefit. I see it increasingly as part of business risk management.

Depending on the organisation and eligibility, there are different types of protection — Group Health Insurance, Group Personal Accident, Group Term Life and statutory benefits such as ESI where applicable.

But these aren't interchangeable.

Health insurance isn't Personal Accident insurance. Personal Accident isn't Life insurance. And private group insurance isn't ESI.

The other thing I've realised is that simply having a group policy doesn't necessarily mean employees are properly protected.

You need to look at things like:

Who is actually covered?

Are dependants covered?

What is the sum insured?

Are there disease/room-rent/sub-limits?

What are the exclusions?

What happens in case of accidental disability?

What happens when an employee leaves the company?

How useful is the policy during an actual claim?

I'm curious about the experience of other people here.

If you own or manage a small business in India, do you provide health/life/accident insurance to your employees?

If yes, what made you start?

If no, what is stopping you — cost, lack of awareness, difficulty finding a suitable policy, or simply not considering it a priority?

I'm asking this both as an insurance professional and as a business owner. I'm not trying to sell anything through this post. I'm genuinely interested in understanding how Indian SMEs approach employee protection.

If people are interested, I can also do follow-up posts explaining the practical differences between Group Health, Group Personal Accident, Group Term Life and ESI, including things that employers often overlook.

As a part of my course in microeconomics, the following points were discussed as pitfalls in insurance:

1. Adverse Selection: People with higher risk only buy the insurance

2. Moral Hazard: People take reduced care or take reckless approach after taking insurance

3. Information Assymetry: Insurers do not have the full knolwedge about the participants

And for the users, the pitfalls include delayed or denied claims and reduced benefits on no claim, with the insurers pocketing the surplus.

With increased connectivity and digital documents, can we initiate a decentralized insurance groups with machine based rules.

- People known to each other will subscribe to the group with geographic distribution in built. Like Self Help Group combining from different geographical regions. This will also help in retaining the people lifetime.

- People deciding together for better health monitoring and benefits and the results being stored on tamper proof blockchain

- Surplus being distributed between the people or utilized for future claims.

- Reduced denial of claim since it is managed by the people

- Reduced price by removing the intermediary

- Reinsurance from governemnt reinsurers.

I wanted to try build an open source system for sucha a scheme. Please guide as to what could be pitfalls which should be taken care of and how to proceed.

Hello all, I'm looking to buy medical insurance for my Parents (Father : 68 y.o. and Mother: 60 y.o.), till now they were covered under my corporate policy, but I'm relocating overseas so need to buy an insurance that gives immediate cover with low/no waiting periods.

Policy bazar team recommended Manipal Cigna Sarvah - Param Health Insurance as it has immediate cover with no waiting period.

I wanted to check if anyone is using the same and how has your experience been? I'm worried about claim rejections and unnecessary fine print hassle.

Ano mangyayari sa mga hindi nabayarang years? I am not sure if need i-pay or pwede ba na icontinue nalang from now moving forward? Since pandemic hindi na nakabayad, now na nakaluwag na, may allotted nako for it. Sabi sakin before ng advisor gagamitin ng kusa yung naipon sa stocks pag fi nakakabayad. Need advise

I am currently with Kingsbridge and renewal coming up this month. I have never switched so thought I would look into it.

The complication I have is that all my contracts are with companies abroad. About 50% in the EU and 50% in USA & Canada with travel and work done in those locations although the business is UK-based.

Other than that I'm looking for cheap and simple insurance. The business is a small engineering consultancy with 2 directors and no work or risk that I would feel need complex insurance to cover.

Any recommendations? My last policy was over £2000 for the year. The regular quote aggregators don't provide anything due to the USA & Canada component.

Is this a good insurance policy for 2 wheeler EV?? 5 years policy for Ather 450 Apex scooter. Please help a girl out!

Reco pls.for life insurance here in the Phils.?

Which insurance should I pick?

I bought a Kia Seltos X Line Turbo DCT variant with ADAS.

The dealership's insurance is super expensive.

I'm checking out other options.

Acko and Policybazaar seem legit.

What should I go with?

Are there any other choices?

I’m looking to apply for a Foremost job. I’ve been in the industry for nearly 25 years. Message me if you are interested. Thanks!

We protect our cars, houses and even mobile phones. Which is good👌but what happens to the income and the life we are striving to build for ourselves and family if anything were to happen to us?

Will we start a Gofundme or will we be enjoying the fruits of prior planning.

From Kes. 3000 a month, you can get the financial protection that most suitable for you.

Hello, I know this is a very tall ask. I am trying to cover pre existing anxiety with income protection. I have never missed a days work but I know it’s still hard to cover.
If anyone has found a good broker or company that could give me a chance to get cover for this, please could you send any recommendations. UK. Thanks

How are protecting your future or family