Zen Vichaar

                                           Of all the capitals invested in an industry, human capital is the top most. Human resource is largely acclaimed to be the wealth behind a successful organisation. Employees are the real cogs in the wheel who keep the industry running despite setbacks. In such a scenario, employee retention assumes significance which in itself is a huge task. A disgruntled employee can mar a company's reputation or  impede the seamless progress of a business. We hear a lot of organisations facing employee attrition  i.e losing talented, high-performing, high value employees. Employers must engage the employees and prevent attrition with various programmes and employee benefits such as: Training and development  Award and rewards While there are numerous factors for employee attrition, a poor compensation scheme or lack of proper employee benefit program are major reasons. Another factor for employee attrition is the way companies treat their employees when

  BURGLARY INSURANCE Burglary means the illegal entry into a building with intent to commit a crime, especially theft. Willful intent to steal & cause damage is burglary. Insurance policies define burglary as the unforeseen and unauthorized entry to or exit from the premises by aggressive and detectable means with the intent to steal contents therefrom. It is a violent, forcible, visible entry and is supported by damage to the surroundings and premises. A burglary insurance policy is  a type of crime insurance that covers losses resulting from burglary . Who can take these policies? Owners of godowns, businesses, and residential complexes can take these policies. Property covered: Any movable properties like Stock, Goods held in trust, Stock in trade, cash and Valuables etc. Scope of Cover: Covers properties against Burglary, Housebreaking etc. involving theft coupled with violent entry or exit Theft cover and property in open are to be insured at extra premium

                                                         SECURITIES ISSUERS LIABILITY POLICY   Assets are significant to financial planning and they comprise fixed, movable, liquid assets etc. Shares of listed companies are one of the instruments purchased by investors for investment, appreciation in value and for future planning. Issuance of share certificates are mostly in dematerialized format today, however to minimize the incidence of fraud SEBI (Stock Exchange Board of India) has mandated compliances from Listed companies.   To protect the interests of investors in securities and to promote the development of, and to regulate the securities market SEBI has mandated that the listed company shall take special contingency insurance policy from the insurance company towards the risk arising out of the requirements relating to issuance of duplicate securities in order to safeguard and protect the interest of the listed company.   Securities Issuers Liability policy is t

                                        AOA: AOY LIMIT IN LIABILTY POLICIES Sum Insured under a liability policy is different from any other policy that we purchase. In liability policy the Sum Insured is set as AOA: AOY limit .It is identified as the  Any One Accident (AOA) limit and the Any One Year (AOY) limit, respectively . AOA limit and AOY limit can be set as 1:1,1:2,1:3,1:4. The AOA limit, indicates the maximum claim payable for a single accident and cannot exceed the AOA limit. Sum Insured is selected based on the extent of damage that is anticipated .This again depends on the nature of the Insured’s business, previous claims data, scale of the Insured’s operations. Sum Insured must be selected with a proper analysis of the potential areas of risk where claims are likely and the volume of claims expected. Adequate Sum Insured must be opted. An example of the application of Sum Insured for Rs.1,00,000/- is detailed below: L imit of Indemnity AOA:AOY

                                                 LIFT INSURANCE Lifts /Elevators are the essential infrastructure for any building, residence etc. With the increase in high rise buildings it has become a necessity for builders to first ensure the existence of a lift /elevator in the premises. Even we have domestic lifts for the convenience of the aged. What happens when one gets injured in a lift while reaching places such as office, home, hospital, theatre, malls etc? One can be caught unawares in such a scenario.   A Lift Insurance policy to cover the third party liability injury damages is the right product for Owners of buildings or Managers of business establishments.   The operating clause of Lift Insurance policy states:   The company will indemnify the insured against liability at law for compensation (including legal costs of any claimant) for death of or bodily injury sustained by any persons whilst in any lift whilst entering the same or in the well or caused