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BW Businessworld

Helping The World Understand, There Is Insurance For Everything

While purchasing life insurance is crucial, understanding the importance of non-life insurance policies will protect one from life’s unpredictability.

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In the last 18 months, people worldwide have faced the reality of uncertainty. The fear of existence itself became questionable when life lost its projection from living to survival. Covid -19 initially started as a viral flu-like infection and turned out to be a global pandemic. During this phase, people realized the value of life and the importance of human bonding to survive. Pandemic left no gaps in rich or poor and witnessed families being wiped out by the pandemic leaving no one.

This phase did not stop at lives alone but impacted the daily routines and livelihoods of many. Offices, malls, shopping complexes, restaurants, hotels, and almost every industry continued to face a setback. Whatever a company or an individual possessed or thought of acquiring in the near future came to a standstill.

This was the time when the relevance of being adequately insured was realized by all. Though insurance is known to be an industry to come forward to support the human race during unprecedented odd times, awareness is the key. Awareness of anything that has a monitory value can be insured by the one having an insurable interest was the lesson learned. For example, a factory, if insured by its owner for loss of revenue for any peril beyond its control, could have managed to claim its lost revenue during covid times.

While purchasing life insurance is crucial, understanding the importance of non-life insurance policies will protect one from life’s unpredictability. In the digital era, accessing insurance solutions is child’s play; however, understanding the suitability is vital.

India International Insurance Pte Ltd (III), founded in 1987 in Singapore, makes non-life insurance accessible and affordable. III was founded as a merger of stakes of five State-owned, Indian insurance companies General Insurance Corporation of India (GIC Re), The New India Assurance Co. Ltd, and The Oriental Insurance Company Ltd, National Insurance Co. Ltd., and United India Insurance Co. Ltd. Operating with a mission to “engage in continuous innovation so as to give people the most comprehensive coverage at competitive rates and terms,” this company offers assistance to people in choosing the best non-life insurance policies. III offers motor, home, travel, and personal accident insurance along with maid bond packages for individuals. With its catalog of insurance products, III provides adequate resources for individuals to build a secure lifestyle for themselves and their loved ones. . III also offers marine, property, liability, engineering, motor fleet, work injury compensation, surety insurance, and many more to entities/corporates.

Ever Since, the company’s services revolve around its founding vision – to be a leading general insurance company in Singapore, with high professional standards and business ethics, supporting the economic activity and growth in Singapore and the region.

Indian International Insurance is a company that has leveraged its years of experience in the region into curating insurance solutions that bring peace of mind to the lives of people. Over a period of seven decades, this company has acquired financial stability to support people during difficult times. Indeed, the success story of this company is an indication of its ability to serve and spread awareness among the residents of Singapore. The company operates as a single office with a team of over 100 trained and experienced professionals. It. The structure allows swift decision-making and prompt settlement of claims. III always believes in educating people to assist them in the establishment of a secure lifestyle.