RISK AUDIT ASSESSMENT
RAA is a special feature that we provide wherein we conduct a comprehensive analysis of your existing life and general insurance portfolio and place our recommendations with the commercial terms. A brief highlight of the process followed for RAA and the resultant recommendations involves mainly two-steps.
Paper Audit: They would review all your prevailing insurance policy documents together with the operational, functional, statutory briefs given to the current Insurer. The liability generated due to the business and operational processes, Statutory and regulatory conditions that govern the business, methods of estimating liabilities including key influencing conditions would be required to be discussed.
Physical Audit: There are a number of things that would require physical assessment in respect of the condition and management of assets, how various processes are followed, both at the plant and other operations, care taken to pre-empt and protect various liabilities in respect of practices and processes. The same follows after the paper audit.
They would commence our engagement with the “Paper Audits” and present our recommendations in respect of:
- Suggest whether the terms, conditions, warranties, and exceptions mentioned in the Insurance contract are correct, adequate, and address your requirements.
- Suggest if the protection offered is adequate in respect of quantum of claim against the listed terms as indicated in Point No.1 above or there are possible gaps, which need to be covered.
- Suggest if any enhanced terms are available today in the market suitable to your risk profile.
- Suggest an improvement, if any, on the financial outgo towards the risk coverage. This could be in two ways such as the same cover at a better price or additional cover at the same price.
While it is presumed a reasonable level of physical review would have been done at the time of renewing the policies, they shall discuss the way forward post their recommendation, following the paper audit.
You may also like to read:
Request a Free Audit
Insurance
About Us
Deeva Ventures, originally established in 2008 as Deeva Agencies, is a top-notch financial company offering a wide range of financial products and delivering tailor made financial services. At Deeva, we believe developing a plan with a professional advisor is one of the most powerful steps you can take in life. Read More…
Quick Contact
-
Deeva Ventures Pvt Ltd
2nd Floor, Visheshwar Tower
D 59/7-R Mahmoorganj
Varanasi-221010, U.P. - info@deevaventures.com
- +91 – 983 889 0077
AMFI – Registered Mutual Fund Distributor : 109820 | EUIN: E176669 | CIN No: U70102UP2015PTC073452
© Copyright 2023 www.deevaventures.com. All Rights Reserved.
Disclaimer | Disclosure | Privacy Policy | T & C | Sitemap | DVPL Go