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Insurance facilitates the moving of risk of loss from the insured to the insurer. The basic principle of insurance is to spread risk among a large number of people. A large population gets insurance policies and pays a premium to the insurer. Whenever a loss occurs, it is compensated out of the corpus of funds collected from the millions of policyholders.

According to Wikipedia, Insurance is the equitable transfer of the risk of a loss, from one entity to another in exchange for payment, known as Premium. It is a form of risk management, primarily used to hedge against the risk of a contingent, uncertain loss. Individuals and Institutions face different types of risks in their life cycles. Risk management, the practice of appraising and controlling risk, has evolved as a discrete field of study and practice. While not all of these risks are controllable, some of these can be managed through the concept of pooling of similar risks.

Insurance plans or policies are divided into 2 categories. They are life and general insurance. Life Insurance provides a monetary benefit to a decedent’s family or other designated beneficiary and may provide for income to an insured person’s family.

All Non-life Insurances fall under General Insurance, which covers all related costs of the insured as well as his/her belongings. For instance, Passenger Car Insurance covers your car; Health insurance covers your health, Home Insurance covers your home and its contents and a Travel Insurance policy insures you against untoward events during the travel.

We at Ashutosh Insurance Services (AIS), provides insurance solutions to secure your Life, Health & Assets.

Our day-to-day life is full of unpredictable risks for example loss of life, loss of income, critical illness, disability, etc. Ashutosh Insurance Services (AIS) does Insurance Planning to figure out adequate cover against “Insurable Risks” and getting the maximum out of the premium you pay. Many of us consider Insurance as another investment for tax saving, but in actuality, tax Exemption is just another advantage of it. We believe that insurance planning is an important step towards financial planning.

To advise an individual on their insurance needs, it is important to get a holistic view of the present and the future. Each of us has our lifestyle, goals, aspirations, and dependents, which may be completely different from the life situation of our friend or colleague. That is why only by doing need based analysis; we suggest different products including term plans to our clients. So what works for someone else may not work for you. And just like mutual funds, we keep on monitoring investments made under this head, especially in ULIP products.

One must have medical insurance for their self. A health insurance policy guarantees an insured that the insurer will shoulder medical payment as per the terms decided by the insurer. Any medical emergency can be therefore handled by this insurance. Hence, you have not to be a worry about sudden medical expenses; you will get this money from the insurer.

Many Mediclaim Policy plan is available in the market. We facilitate our clients to select the right policy plan from the various options available as we intend our clients to give value for money. We act as advisors to choose the best policy plan with the right additional riders available in India.

General insurance will help you mitigate the financial losses incurred due to bad surprises of life and damage to the assets you value most. It offers you financial protection against perils faced with regards to your property, vehicle, personal accidents, health, and travel. The right general insurance policy will provide you with the right protection against risks or disasters, no matter how big or small. Loss from any kind of financial event will not bother you if you are insured. It is necessary to make all your properties secured so that you would be left out with nothing. This security can only be provided by getting insurance. General insurance also includes insurance policies for burglary, theft, and many more. In addition, it also covers a special type of insurance such as professional indemnity.

We at Ashutosh Insurance Services along with knowledge and dedicated infrastructure will help you to choose the best policy plan with the right additional riders available in India. We also provide complete after sales service related to claims & settlements, monitor your policy terms & renewals.

Pension plans are investment plans that let you make invest lump-sum one-time payment and provide you with fixed income after the investment as per your desire from very next year or after the decided period, for a lifetime. Retirement & Pension Plans provide you with financial security for you and your family, Because, if you will not available then one time lump-sum amount benefit will be received by your family, So after your absence your family not face any financial problem. You can still live with pride without compromising on your living standards. Given the high cost of living and rising inflation, Retirement planning has become all the more important for everyone.

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