Risk Advisory

sub_00002Risk Management and Insurance Planning is required for any individual to review his risk exposure and to opt for risk transfer measures like availing insurance cover etc. Every individual is exposed to various risks. While many of them are pure risks, some of them are speculative. Deontic conducts the risk management and insurance planning studies with the following objectives and scope …

Systematic, critical appraisal of all potential risks (risk identification, and assessment)

Identification of all major internal and external pure risks including the natural risks and analysis of the impact of above risks

Review the insurance coverage and to identify areas of coverage to optimize the risk exposure

Selection of insurance coverage on the basis of risk analysis
With our strong industry linkages, we carry out an extensive market research, product comparison, price matrix and product suitability, keeping the client interest as the sole parameter, so as to ensure only the best for our clients. We also assist in providing guidelines on documentation requirements, procedures for claims under various policies.

sub00003The Actual Need for Life Insurance Planning……

Insurance is not for the person who passes away, it for those who survive,” goes a popular saying that explains the importance of Insurance Planning.
It is extremely important that every person, especially the breadwinner, covers the risks to his life, so that his family’s quality of life does not undergo any drastic change in case of an Unfortunate eventuality.

Insurance Planning is concerned with ensuring adequate coverage against insurable risks. Calculating the right level of risk cover is a specialized activity, requiring considerable expertise. Planning canhelp you look at the possibility of getting a wider coverage for the same amount of premium or the same level of coverage for the same amount of premium or the same level of coverage for a reduced

premium. Hence, the need for proper insurance planning. Insurance, simply put, is the cover for the risks that we run during our lives. Insurance enables us to live our lives to the fullest, without worrying about the financial impact of events that could hamper it. In other words, insurance protects us from the contingencies that could affect us.

sub00004So what are the risks that we run? To name a few – the risk on our lives that is, the worries of replacement of the incomes that we contribute to the running of the household), the risks of medical contingencies (since they have the capability of depleting our wealth considerably) and risks to assets (since the replacement of these can have tremendous financial implications). If we can imagine a situation where our goals are disturbed by acts beyond our control, we can realize the relevance of insurance in our lives.

Insurance Planning takes into account the risks that surround you and then provides an adequate coverage against those risks. There is no risk not worth insuring yourself against, and insurance should first and foremost be looked as a measure to guard against risks – the risk of your dreams going away due to events beyond your control.

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