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Reinsurance

Life Insurance

Reinsurance is a cornerstone of the insurance ecosystem, spreading large-scale risks and ensuring financial stability for insurers, businesses, and individuals. By sharing high-value risks across multiple insurers, no single company bears the full impact of large losses, creating a reliable safety net for policyholders and enabling insurers to underwrite higher-value policies with confidence.

Catastrophe reinsurance provides critical protection against natural disasters such as floods, earthquakes, and hurricanes, as well as unforeseen man-made crises. This allows insurers to continue offering coverage even after major events, ensuring policyholders remain financially secure during extreme situations.

Reinsurance also strengthens claim support for businesses by ensuring timely settlements during disruptions caused by fire, liability suits, or sector-specific risks in industries like construction, healthcare, and aviation. This financial backing helps businesses maintain operations, minimize downtime, and safeguard employees and assets.

Beyond immediate claim support, reinsurance enhances overall financial resilience. By reinforcing insurers’ capital capacity, it reduces economic uncertainty, supports long-term stability, and allows companies and individuals to navigate risks with confidence. In short, reinsurance ensures the insurance industry remains robust, dependable, and capable of protecting policyholders through every challenge.

Types of Reinsurance

Large-Scale Risk Management

Large-scale risk management ensures that insurers do not carry the entire burden of high-value or widespread risks on their own. By distributing exposure among multiple reinsurers, it creates a more stable and secure insurance ecosystem.

a) Distributes high-value risks across insurers and reinsurers to prevent concentrated losses.
b) Enables insurers to cover massive policies without overexposing themselves.
c) Commonly applied in industries with substantial assets, such as energy, shipping, or infrastructure.
d) Reduces volatility by balancing risk among a wider pool of stakeholders.
e) Builds customer trust by ensuring continuous claim-paying capacity.

Catastrophe Reinsurance

Catastrophe reinsurance provides a financial shield against unpredictable, large-scale disasters such as natural calamities or industrial accidents. It ensures insurers remain solvent and capable of paying claims when catastrophe strikes.



a) Covers insurers against sudden large-scale losses from earthquakes, floods, hurricanes, or industrial mishaps.
b) Ensures insurers maintain financial strength during extreme events.
c) Essential in regions prone to recurring natural disasters.
d) Allows insurers to continue offering coverage even after catastrophic losses.
e) Protects communities and economies by ensuring timely recovery support.

Claim Support for Businesses

Claim support reinsurance enables insurers to settle high-value or multiple business claims promptly, keeping organizations operational and financially secure. It is critical in industries where claim amounts can be exceptionally large.

a) Provides insurers with funds to handle large or multiple claims efficiently.
b) Reduces downtime for businesses after accidents or disasters.
c) Widely used in high-risk industries like aviation, healthcare, and construction.
d) Protects jobs, supply chains, and operational stability.
e) Strengthens business confidence in insurance reliability.

Financial Resilience Solutions

Financial resilience reinsurance focuses on stabilizing insurers’ financial health, enabling them to underwrite more policies with confidence. It helps both insurers and policyholders by ensuring long-term sustainability.

a) Strengthens insurers’ balance sheets and reduces insolvency risk.
b) Provides financial stability to weather market fluctuations and crises.
c) Enables insurers to take on larger and more diverse portfolios.
d) Builds long-term trust among policyholders and stakeholders.
e) Supports economic growth by reducing uncertainty and fostering sustainable insurance practices.

SKC Asra Global Insurance Broker Private Limited

Reg Office: 1st Floor, Jeevan Vihar Building, Parliament Street, New Delhi-110001

Registration No: 1046, Registration Code No: IRDA/DB n1086/2024/ Valid till: 18/03/2028, License category: Composite Insurance Broker

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Types of Corporate Insurance

1. Commercial Property Insurance
Protects your offices, factories, warehouses, and other business assets against risks like fire, theft, natural disasters, or accidental damage. It helps minimize financial loss and ensures business continuity.

2. Marine Insurance
Covers goods in transit, by sea, air, road, or rail, against risks such as accidents, piracy, natural calamities, or handling damages. Essential for businesses involved in import, export, or domestic trade.

3. Liability Insurance
Provides protection against third-party claims arising from property damage, bodily injury, or legal disputes. It shields your business from unforeseen liabilities and costly litigation.

4. Customized Risk Management Solutions
Tailored insurance and risk mitigation strategies designed to address industry-specific challenges. These solutions help businesses stay prepared, reduce vulnerabilities, and maintain financial security.
1. Emergency medical expenses-The travel insurance policy covers the expenses incurred in case you get injured or fall sick during the trip.

2. Emergency medical evacuation- In case of an emergency where you fall sick and have to be transported to the nearest medical facility/hospital, the insured person will get paid/ reimbursed for all the expenses in this regard. Once you recover and are in a position to travel back home, the policy may even pay for your expenses in relation to returning home under the ‘Repatriation’ benefit.

3. Repatriation of remains- In the unfortunate event of the death of an insured person while they are traveling, the cost of recovering their body and taking the remains to the home country can be a huge financial burden. In a policy has been taken to cover such risk, the repatriations of remains will be covered under the said policy.

4. Baggage- This insurance is vital in case one’s baggage is lost or damaged during the trip. To get compensated for such damages to the luggage, baggage insurance plans are extremely helpful.
The loss of checked-in luggage or baggage delay would be covered under various available policies.

5. Accidental death and dismemberment- The coverage benefit under this policy would apply if you were to pass away in an accident or loss of one or two limbs, paralysis, or blindness in an accident.

6. Others- The various policies are available that may include cash advances, travel delays, ID theft protection, concierge services, car rental coverage, flight accidents, etc.

Trip Medical Insurance Package: Travel medical insurance is mainly focused on medical benefits. It provides better medical coverage and may also cover various situations and other major medical emergencies. It is most beneficial for people who are traveling out of the country for longer durations.
Types of Employee Benefits

1. Group Health Insurance
Provide your team with medical coverage that takes care of hospitalization, treatments, and emergencies. Group Health Insurance ensures financial security for employees and their families while giving them access to quality healthcare.

2. Group Term Life Insurance
Offer peace of mind with a life cover that protects employees’ families in the event of an untimely demise. This affordable, high-coverage benefit is a thoughtful way to support long-term financial security.

3. Employee Wellness Programs
Go beyond insurance by promoting preventive healthcare and wellness initiatives. From fitness plans to regular health check-ups, these programs help employees maintain a healthy lifestyle, reduce absenteeism, and boost morale.

4. Gratuity/Retirement Benefit Solutions
Support your workforce with structured retirement and gratuity plans that secure their post-employment life. These solutions reward long-term service while ensuring financial stability for employees after retirement.
Types of Motor Insurance

1. Private Car Insurance
A comprehensive private car insurance policy protects you against financial losses caused by accidents, theft, fire, or natural calamities. Renewal ensures continued coverage for you, your car, and your loved ones, while also fulfilling mandatory third-party liability requirements.

2. Goods Carrying Vehicle Insurance
This policy covers commercial goods vehicles like trucks and lorries against damages from accidents, fire, theft, or natural disasters. It also provides third-party liability protection, helping business owners safeguard their vehicles, drivers, and transported goods.

3. Passenger Carrying Vehicle Insurance
Designed for vehicles such as auto-rickshaws, school buses, vans, and cabs, this insurance offers financial protection against accidents, injuries, or property damage. It is a mandatory requirement under the Motor Vehicles Act to ensure passenger and third-party safety.

4. MIS-D Vehicle Insurance
MIS-D vehicle insurance provides coverage for miscellaneous and special-purpose vehicles used for business or institutional activities. It protects against damages, third-party liabilities, and losses caused by natural or man-made disasters, ensuring business continuity.

List of Top Car Insurance Add-On Covers
The availability of car insurance add-ons varies from insurer to insurer. The following are some car insurance add-on covers that are offered by most of the general insurance companies:

A. Zero Depreciation Add-on Cover
At the time of a claim settlement, the insurer will deduct the amount of depreciation applicable to your car and its parts. The zero depreciation cover helps you mitigate the burden of bearing the depreciation cost of your vehicle, thereby increasing your claim amount. Most insurers limit zero depreciation claims to two, however, some insurers, such as IFFCO Tokio, allow unlimited zero depreciation claims.

B. Consumables Add-on Cover
As part of this add-on, you are covered for consumable elements such as grease, air conditioner's gas, lubricants clip, bearings, fuel filter, engine oil, oil filter, brake oil, nut and bolt, screw, washers, etc, which are not covered by the standard policy.

C. Roadside Assistance Add-on Cover
This add-on cover secures assistance services in the event of the breakdown of the insured vehicle. The services include towing the vehicle to the nearest garage, on-site repair services, assistance in case of loss of keys, changing flat tires, fuel delivery, etc.

D. Engine Protection Add-on Cover
This cover allows the policyholder to get indemnified against expenses for mechanical/electrical breakdown of the engine due to an oil spill, water ingression, etc.

E. Key Loss Add-on Cover
This add-on cover makes the insurance company liable to compensate the policyholder for the loss of key(s).

F. Passenger Assistance Add-on Cover
It is a bundled cover that includes Hospital Allowance, Medical Expenses and Medical Transport Assistance to the policyholder in the event of an accident.

G. Tyre Damage Add-on Cover
Add-on covers damage such as in-tire bulges, punctures or bursting of tires, cuts on tires due to accidents, etc.

H. Return To Invoice Add-on
This add-on cover allows you to get the full invoice price of your vehicle when it suffers Total Loss, Constructive Total Loss (CTL), or theft.

I. Protection Of NCB Add-on
This add-on helps you retain your No Claim Bonus (NCB) discount even if you had filed a claim in the last policy tenure. NCB is the discount that you get on your own damage premium for every claim-free year.

J. Loss of Personal Belongings Add-on
This add-on compensates the policyholder in the event of loss of personal belongings such as articles or items of a personal nature that are likely to be used, carried, or worn.

K. Daily Allowance Add-on
By opting for this add-on you get a daily allowance from the insurer when the car is lost or is out for repairs.

L. Personal Laptop and Mobile Add-on Cover
This add-on allows you to get compensation for the loss of a personal laptop and mobile kept in the vehicle.

M. GAP Value Add-on Cover
In the event of theft, total loss, or constructive total loss, you will receive the entire invoice price of the vehicle. With an additional premium, it also covers Road Tax and first-time registration fees.
Types of Health Insurance

A. Hospitalization
Covers medical expenses incurred during hospital stays, including room charges, doctor’s fees, and treatment costs. Ensures you receive quality care without financial stress.

B. Pre & Post-Hospitalization
Takes care of expenses like diagnostics, medicines, and follow-up treatments before admission and after discharge. Provides complete protection around your hospital journey.

C. Critical Illness Cover
Offers a lump sum payout on diagnosis of major illnesses such as cancer, heart attack, or stroke. Helps manage high treatment costs and secures your family’s financial stability.

D. Wellness Programs
Includes preventive health check-ups, fitness benefits, and lifestyle management support. Encourages healthy living while reducing long-term healthcare risks.