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Program – Insurance “Transfer of Risks & Risk Mitigation”
March 13, 2023 @ 8:00 am - 5:00 pm
14th August 2018
Dear Members,
World Zarathushti Chamber of Commerce (WZCC) provides its members, among many other services, an opportunity to learn how to manage various aspects of their finances. This Program guides a person to understand why Insurance is such an important component of financial planning.
Insurance is a way of managing risks. When a person buys insurance, the cost of a potential loss is transferred to the Insurance Company in exchange for a fee, known as premium. Insurance Companies invest funds securely, so it can grow and pay out when there is a claim. There are various types of insurance besides life insurance – businesses including coverage for property damage, legal liabilities and employee related risks, etc.
Today business is full of Risks and it is very important to transfer Risks so that those in business could totally concentrate on the core business, with the assurance that both tangible and intangible Risks are transferred and would not hit the Balance Sheet. Today transference of Risks is a complicated legal process and hence, the Insurance Regulatory Development Authority has introduced Insurance Brokers to the Market, very much akin to the Developed Countries where a Company or an Individual is always in touch with the Insurance Brokers and never with the Insurance Company. Mr. Maneck Dastur will appraise WZCC members on nuances wherein they can venture into large business without apprehension or fear of Fortuitous, Force Majeure and Legal Liability losses. He will also speak on why, most of the Insurance Policies should be structured as per the needs of the Company rather than acceptance of pre-fabricated policies of the Insurance Companies.
This program will be conducted by Mr. Maneck Homi Dastur, who has more than 4 decades of experience in the Insurance Sector handling both Marketing and Technical assignments. He is the General Manager with
K.M. Dastur Reinsurance Brokers Pvt. Ltd. He has been instrumental in developing and structuring Direct and Reinsurance business. K.M. Dastur Reinsurance Brokers Pvt. Ltd. has 14 offices in India, 12 offices abroad and are Lloyds Brokers at London, U.K. They specialize in marketing and structuring covers for Special Contingency, Event Insurance, Legal Liability and Group Health Insurance Schemes.
Details of the program are –
| Date | : | Friday, 31 August 2018. |
| Venue | : | Kilachand Conference Room, IMC Chamber of Commerce & Industry, IMC Building, IMC Marg, Churchgate, Mumbai 400 020 |
| Timings | : | 6.00 p.m.to 6.30 p.m. – Registration 6.30 p.m. to 8.00 p.m. – Program (includes tea/coffee/snacks break) 8.00 p.m. to 8.30 p.m. – Q&A Session. |
The participation fees for this Program will be Rs.450/- for members and Rs.600/- for non-members.
he participants are requested to confirm their attendance with Ms. Zarine Khan / Ms Aban Mistry on
Tel. Nos. 9619165444 / 23532522 or email wzccindia@on-lyne.com. The number of participants is limited and will be on “first come first serve basis”.
Looking forward to your active participation in this extremely interesting and useful Program.
