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Alps Insurance Brokers Pvt Ltd

Insurance, India, Maharashtra, Mumbai

Alps Insurance Brokers Pvt Ltd is a leading insurance brokerage firm offering expert risk management solutions tailored to your needs.

About Alps Insurance Brokers Pvt Ltd

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Basics

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Founded
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Total Employees
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Employees on Linkedin
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Employees on OWCareers
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Main Office
India, Maharashtra, Mumbai
Official Website
http://www.alpsinsurance.org
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FAQs – Alps Insurance Brokers Pvt Ltd

Can parametric insurance be customized?

Yes, parametric insurance can be customized based on specific risks, payout structures, and industry needs. Policies can be tailored for different geographical locations, event severity thresholds, and financial exposure levels, allowing organizations to design coverage that best fits their risk profiles.


Does the policyholder have to notify the beneficiary of their designation?

No, the policyholder is not required to notify the beneficiary, but it's a good practice to inform them so they know their designation and understand the benefits they will receive.


What perils are typically covered under business property insurance?

Commonly covered perils include fire, theft, vandalism, windstorms, hail, and water damage from plumbing or sprinkler system leaks.


How does Variable Universal Life Insurance work?

Variable Universal Life (VUL) allows policyholders to invest in sub-accounts similar to mutual funds. While this provides higher growth potential, it also exposes the policy to market risk. VUL is suitable for individuals comfortable with investment fluctuations.


What role does hazard identification play in risk management?

Identifying hazards helps businesses and homeowners take proactive steps to mitigate risks, improve safety measures, and comply with regulations, ultimately reducing insurance claims and financial losses.


What is an insurance claim?

An insurance claim is a formal request submitted by a policyholder to receive financial compensation for a covered loss or damage.


How does IRDAI regulate reinsurance companies in India?

IRDAI oversees reinsurance firms by setting capital requirements, risk exposure limits, and mandatory placements with Indian reinsurers like GIC Re. It also allows global reinsurance companies to operate in India under prescribed regulations to strengthen risk diversification.


What is pet insurance for illnesses?

Pet insurance for illnesses helps cover veterinary costs if your pet becomes sick, including treatments for infections, chronic conditions, cancer, and other medical issues.


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