Insurance
Other Advisory Services
Insurance is a form of contract or an arrangement where one party agrees in return for a consideration to pay an agreed amount of money to another party to make good the loss, damage, or injury to something of value in which the insured has an interest. Being a contract of indemnity, it is based on the principle of utmost good faith.
Legallands the law firm in Delhi, offers consultation, advisory on insurances, retail insurance policies of varied nature including life, health, fire, marine, etc. People purchase such policies either in their individual capacity or the employee-friendly organizations may extend such cover as perks of the employment. We help them provide opinions, documentation, etc.
Types of Insurances are:-
1) Life Insurance
2) General Insurance
- Marine insurance
- Fire insurance
- Motor vehicle insurance
- Miscellaneous insurance
3) Reinsurance
Our services
Our broad area of service includes:-
- Advice on insurance proposal questionnaire response.
- Identifying Right Insurance Brokers / Insurance providers.
- Organizing Client Education and Awareness on various Insurance Products and their specific overages that are based on our analysis of the Company’s Business and Associated Risks.
- Providing Opinions on Applicability of Insurance to a claim situation or actual claims.
- Review of the Insurance Policy wordings and negotiating the wordings to mitigate the risk.
- Supporting on the legal aspect for making claim under an Insurance Policy.
- Representing policyholder clients in contentious matters and providing advisory services to clients.
- We assist with claims, whether at the stage of coverage advice or in a dispute.
- Assistance/advice to insurance start-ups, joint ventures, liaison/branch offices, intermediaries, and both domestic and international players in the insurance and reinsurance space.
- Drafting of Deeds, Documents, and Agreements of Insurance papers.
- We provide assistance with transactional work, including entry strategies, M&A, and restructuring, as well as regulatory advisory and development of policy wordings tailor-made for the Indian jurisdiction.
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