Finior Financial-Planning for Life and Business

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Ever wondered if we could have business insurance for hashtag#covid19?

Well, it did it seem impossible to have terrorism insurance in the US before 9/11.

The Indian insurance sector is currently at a nascent stage, wherein Business Interruption insurance coverage is commonly purchased by mid-size and large corporates. Furthermore, companies in India tend to purchase insurance towards high-probability risk events, namely, fire, machinery breakdown, flood, earthquake, etc.
Consequently, most BI policies sold in India are simply an extension of property insurance and do not provide coverage for BI losses like the loss of profit from a pandemic, such as COVID-19.

In this interesting article by CNBC 18, given in the comments below, we visualize a post-COVID-19 world, with more discussions and collaboration among stakeholders in the Indian insurance ecosystem to bring about a paradigm shift in the perception of business risks and the pursuit of insurance in India.

Your Thoughts?

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As Business Development Executive at Finior Financial, Kavit Vora specializes in developing and implementing effective growth strategies that drive the company’s success. His role involves identifying new business opportunities, forging strategic partnerships, and ensuring seamless execution of growth initiatives.

Having successfully passed the CFA Level 3 exam, he has significantly enhanced his analytical skills and gained in-depth experience in economics. By analyzing financial data and conducting thorough market research, Kavit contributes to clients’ success.

At Finior Financial, he is committed to delivering value through innovative solutions and strategic foresight.

Creating long-term growth, establishing strong client relationships, and positioning the company as a leader in the financial services sector are his goals.

Mr. Aashish A. Write up comes here. stands as a trailblazer within the Chartered Accountancy field in India. With a career spanning more than 25 years, his unwavering dedication revolves around providing top-tier professional services while upholding the profession’s ethical standards and code of conduct. Grounded in these principles, he consistently pushes boundaries and strives for growth, aiming not just to meet but to surpass expectations in every endeavor.

Shirish Vora, an AMFI registered mutual fund distributor, has dedicated his career to empowering clients with tailored insurance and investment solutions. With a profound commitment to understanding his clients’ financial landscapes—be it in their business ventures or personal lives—he navigates challenges alongside them, ensuring a comprehensive grasp of every product before recommending investments.

As a seasoned Financial Consultant at Aditya Birla Sun Life Insurance Company Limited (ABSLI) for over 22 years, Shirish’s expertise is underscored by his membership in the prestigious ‘Million Dollar Round Table’ (MDRT). This exclusive affiliation, bestowed upon the world’s top financial advisors, solidifies his reputation as a beacon of excellence in life insurance and financial services. Demonstrating unwavering dedication, Shirish has repeatedly achieved accolades such as Court of the Table (COT) recognition eight times consecutively and reaching the prestigious Top of the Table (TOT) status in 2017, reflecting his unparalleled commitment to client satisfaction and financial acumen.