INSURANCE
Advisors doing business with Apex Fund Assets Insurance Services can offer their clients individual insurance and living benefits insurance from more than 20 of the largest insurance companies in Europe.
Since Apex Fund Assets does not manufacture in-house insurance products, Apex Fund Assets allows properly and expert advisors to access a wide range of insurance products to meet their client’s needs with full independence and complete integrity.
We invite clients to contact a Apex Fund Assets Advisor for more information.
LIFE INSURANCE
- Term Life: Life insurance that provides protection during a determined period.
- Whole Life: Life insurance that provides protection during the insured’s lifetime and includes a cash surrender value.
Living Benefits & Critical Illness
- Accident-Illness: offers protection in the event of an accident or an illness
- Long-term care: covers long-term expenses not covered by health care.
- Critical Illness: provides a cash benefit if the insured is diagnosed with one of the covered.
- Disability: offers income protection if the insured becomes disable
For more information kindly contact us email- info@ApexFundAssets.com
General Insurance
The general insurance includes Property Insurance, Liability Insurance, and Other Forms of Insurance. Fire and Marine Insurances are strictly called Property Insurance. Motor, Theft, Fidelity and Machine Insurances include the extent of liability insurance to a certain extent.
Property Insurance
Under the property insurance property of person/persons are insured against a certain specified risk. The risk may be fire or marine perils, theft of property or goods damage to property at the accident.
Fire Insurance
Fire Insurance covers the risk of fire. In the absence of fire insurance, the fire waste will increase not only to the individual but to the society as well. With the help of fire insurance, the losses arising due to fire are compensated and the society is not losing much. The individual is preferred from such losses and his property or business or industry will remain approximately in the same position in which it was before the loss. The fire insurance does not protect only losses but it provides certain consequential losses also war risk, turmoil, riots, etc. can be insured under this insurance, too.
Social Insurance
The social Insurance is to provide protection to the weaker sections of the society who are unable to pay the premium for adequate insurance. Pension plans, disability benefits, unemployment benefits, sickness insurance, and industrial insurance are the various forms of social insurance. Insurance can be classified into four categories from the risk point of view.
Marine Insurance
Marine insurance provides protection against loss of marine perils. The marine perils are a collision with a rock, or ship, attacks by enemies, fire, and captured by pirates, etc. these perils cause damage, destruction or disappearance o’ the ship and cargo and non-payment of freight. So, marine insurance insures ship (Hull), cargo and freight. Previously only certain nominal risks were insured but now the scope of marine insurance had been divided into two parts; Ocean Marine Insurance and Inland Marine Insurance. The former insures only the marine perils while the latter covers inland perils which may arise with the delivery of cargo (gods) from the go-down of the insured and may extend up to the receipt of the cargo by the buyer (importer) at his go- down.
Guarantee Insurance
The guarantee insurance covers the loss arising due to dishonesty, disappearance, and disloyalty of the employees or second party. The party must be a party to the contract. His failure causes loss to the first party. For example, in export insurance, the insurer will compensate the loss at the failure of the importers to pay the amount of debt.