Mahindra Insurance Brokers Limited’s Post

Not only do we help so many small businesses, but our Workers’ Compensation coverage provides stability to families, businesses, and local communities across the nation. Protect your business today with Insurance Built Strong®: https://lnkd.in/g3SSfD6E   #Insurance #PropertyAndCasualty #SmallBusiness #WorkersCompensation

What is this Surrender Value in the world of insurances?? Let's discuss concisely!! → The surrender value in an insurance policy refers to the amount an insurance company will pay to the policyholder if they decide to terminate their policy before it matures or before an insured event occurs. (Mature hone se pehle policy tod di to!!) Here are the key points from the image that has been shared below!! 1. New Directive: Life insurers are now required to offer surrender value within the first year of the policy. 2. Impact: This move aims to provide clearer information to policyholders about their potential returns and benefits. 3. Calculation: The surrender value is based on factors such as premium size, policy terms, and accrued benefits. 4. Criticism and Refinement: The scheme faced criticism, but insurers believe the impact will be minimal. The new regulations also stipulate guaranteed surrender values. 📌 Overall, this directive enhances transparency and ensures policyholders have access to surrender value information early in their policy tenure. 🤝🏻 Follow me Janmeyjai Bisht for more engaging insights!! #finance #linkedin #investing #businessanalysis #connections

Gratuity is a strategic way to demonstrate your company's appreciation for loyal, well-deserving employees by recognising their long-term contributions. However, managing these payments can be complex. Group Gratuity Insurance provides a cost-effective way to manage these obligations, protecting your business from unexpected financial strain while offering potential tax advantages. It safeguards your company's financial health, protects your reputation as a responsible employer, and reinforces your commitment to employee well-being. #groupgratuity #EmployeeBenefits #insurance #insurancepolicy #financialhealth #MIBL #gratuity

After facing challenges during the pandemic, their business bounced back stronger in 2021. With Pie Insurance, they saved nearly 50% on workers' comp insurance, enabling them to focus on growth and team development. At Pie Insurance, we believe in supporting small businesses through affordable and comprehensive workers' comp coverage. Join us and discover how we can help your business thrive. Learn more: https://lnkd.in/gSTeiXvs #PieInsurance #SmallBusinessSuccess #TestimonialTuesday #BusinessGrowth #SmallBusinessLife

Premium Credit adds value to businesses by offering flexible payment options for insurance premiums, helping businesses manage cash flow, maintain financial stability, and secure necessary insurance coverage - and we do it well. When you have a moment, please vote for us as the Premium Finance Partner of the Year✅🤝 #riskmitigation #insuranceindustry #addingvalue #premiumfinance

Insurance tip #293: Always assess your options and pick a policy that suits your budget before you make any financial commitments. Easier said than done, we know. But there are two things you can do to simplify the process. Think about your worst case scenario. This is the annual premium plus the out-of-pocket maximum for each of your insurance options. Once you have this number, you can compare the totals of each policy and find the better deal. Watch the deductible. When it comes to insurance, cheaper doesn’t mean better. For example, you might be in a better position to pay a little more for your monthly premiums if it means lower out-of-pocket costs. There’s a lot to consider — so if you need assistance making the decision, we’re more than happy to help you out. Just leave us a comment or drop a message in our inbox and we’ll share our knowledge 😃 🌐 trustedbenefits.com ✉️ info@trustedbenefits.com 📲 281-930-5944

Insurance tip #293: Always assess your options and pick a policy that suits your budget before you make any financial commitments. Easier said than done, we know. But there are two things you can do to simplify the process. Think about your worst case scenario. This is the annual premium plus the out-of-pocket maximum for each of your insurance options. Once you have this number, you can compare the totals of each policy and find the better deal. Watch the deductible. When it comes to insurance, cheaper doesn’t mean better. For example, you might be in a better position to pay a little more for your monthly premiums if it means lower out-of-pocket costs. There’s a lot to consider — so if you need assistance making the decision, we’re more than happy to help you out. Just leave us a comment or drop a message in our inbox and we’ll share our knowledge 😃 🌐 trustedbenefits.com ✉️ info@trustedbenefits.com 📲 281-930-5944

Today, we had the pleasure of informing another client that they will be receiving a surplus check from their level-funded insurance carrier. Despite being a small employer, they will be receiving a check worth several thousand dollars due to their good claims for 2023. This is a great example of the benefits of being self or level funded, which not all employers may be aware of. If you're still on a fully insured plan and your broker isn't sharing this information with you, it may be time to consider making a change. Many times other brokers don't even discuss these options. I work with #Controllers, #CFOs and #BusinessOwners to solve a specific set of problems. One of the reasons that companies overpay for their benefits is because they wait too long to talk about it or to be introduced to new ideas. If you just renewed your plans or completed #OpenEnrollment, now is the time to start planning for 2025! At Higginbotham we believe in helping our clients take full advantage of all financial levers available to them. Contact me today to learn more about how I can help your business thrive. 🎯 #level-fundedinsurance #selffundedinsurance #insurancebenefits #smallbusiness #employeebenefits

Insurance tip #293: Always assess your options and pick a policy that suits your budget before you make any financial commitments. Easier said than done, we know. But there are two things you can do to simplify the process. Think about your worst case scenario. This is the annual premium plus the out-of-pocket maximum for each of your insurance options. Once you have this number, you can compare the totals of each policy and find the better deal. Watch the deductible. When it comes to insurance, cheaper doesn’t mean better. For example, you might be in a better position to pay a little more for your monthly premiums if it means lower out-of-pocket costs. There’s a lot to consider — so if you need assistance making the decision, we’re more than happy to help you out. Just leave us a comment or drop a message in our inbox and we’ll share our knowledge 😃

Insurance tip #293: Always assess your options and pick a policy that suits your budget before you make any financial commitments. Easier said than done, we know. But there are two things you can do to simplify the process. Think about your worst case scenario. This is the annual premium plus the out-of-pocket maximum for each of your insurance options. Once you have this number, you can compare the totals of each policy and find the better deal. Watch the deductible. When it comes to insurance, cheaper doesn’t mean better. For example, you might be in a better position to pay a little more for your monthly premiums if it means lower out-of-pocket costs. There’s a lot to consider — so if you need assistance making the decision, we’re more than happy to help you out. Just leave us a comment or drop a message in our inbox and we’ll share our knowledge 😃