Protection and Risk Management
We Work With Individuals and Families in All Phases of Life.
Your personal finances and investments can become overwhelming and complex. At Sampadha, our main goal is to simplify your financial life.
Protection from Contingencies and Risk Management:
1. Analysis of current risks or threats
2. Analysis of the existing insurance coverage and how much it can protect you from different risks
3. Work Place or Employee Benefits Analysis and Additional Need Analysis
4. Disability Cover Insurance Analysis
5. Health Cover Insurance Analysis
6. Personal Life Goals Safety Cover Insurance Analysis
7. Family Life Goals Safety Cover Insurance Analysis
8. Spouse or Married Women Protection Cover Analysis
9. Kids Goals Safety Cover Insurance Analysis
10. Long term Care Cover Insurnace Analysis
11. Professional Safety Cover Insurance Analysis
12. Business Safety Cover Insurance Analysis
13. Existing Physical Assets (Home, Vehicle, etc) Cover Insurance Analysis
14. HUF Benefits Analysis
Few myths and misconceptions of Protection and Risk Management (Health cover)
- Assuming because you're healthy you don't need health insurance.
- Employees are covered by Employers and I don't need any special coverage.
- Buying health insurance is time consuming and expensive.
- It's harder for senior citizens to get health insurance.
Few mistakes of Protection and Risk Management (Health cover)
- Buying the Cheapest Policy based solely on low premiums, purchasing too little insurance.
- Not keeping young-adult children on your insurance.
- Numerous claims are rejected on the basis of the insured hiding information from your Health Insurance Company.
- Not reviewing your cover regularly.
- Ignoring Trauma / Critical/temporary Disablement Insurance.
- Not exactly knowing the Terms of insurance.
- Not planning for pregnancy.
- Not proceeding because of a loading or exclusion.
- In a mood to recover the premium by putting false claims and not knowing that their premiums on renewals increase because of claims.
Few myths and misconceptions of Protection and Risk Management (Life cover)
- There are no financial benefits for the living.
- Buying an insurance policy is an asset/investment.
- Life insurance is only for those married with children.
- Only the head of the household needs life insurance.
- Employees are covered by Employers and I don't need any special coverage.
- Buying life insurance is too time consuming and expensive.
- Not proceeding because of a loading or exclusion.
- It's harder for smokers to get life insurance.
- It's better for me to invest the money then it is to buy life insurance.
- My Life Insurance Coverage Needs Only Be Twice or thrice of My Annual Salary.
Few mistakes of Protection and Risk Management (Life cover)
- Buying the Cheapest Policy based solely on low premiums and very too little cover.
- Not knowing how much insurance cover is required.
- Not keeping young-adult children on your insurance.
- Numerous claims are rejected on the basis of the insured hiding information from your Health Insurance Company.
- Not reviewing your cover regularly
- Ignoring Trauma / permanent disability Insurance
- Not proceeding because of a loading, exclusion, or deductibles.
- Buying insurance cover to get income tax deduction/exemption.
- Failing/ignoring the medical tests of the insurance companies.
- Failing to understand the Term and Terms of insurance
- Not knowing about paid up and surrender values of their policies and conditions.
- Failing to look over riders.
Are we right for you ?
Find out if we’re a good match for your financial planning and investment management needs. We offer a free, no-obligation consultation to help us get to know each other. We can meet by phone, in-person, or online.