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In the bustling world of medical admissions in India, one consultancy has risen to the forefront as a beacon of guidance and success for aspiring doctors. Bano Doctor, established in 2015 by the visionary CEO Saurabh Kumar, has become synonymous with excellence and reliability in facilitating admissions for medical courses across the country. Since its inception, Bano Doctor has been instrumental in steering the paths of over 1000 students towards their dream medical careers. Specializing in a diverse range of medical courses including MD MS, MBBS, BAMS, BDS, BNYS, BUMS, BVSC, BHMS, DM MCH, CPS FCPS, and Nursing admissions, the consultancy leaves no stone unturned in ensuring a smooth and hassle-free admission process for its clients. Saurabh Kumar, a man with a passion for education and a...

The world’s most influential people are coming together to network with like-minded individuals at the St Kitts and Nevis Investment Gateway Summit from May 11th to May 15. The five-day summit will bring together business leaders associated with different industries, economic citizens, and entrepreneurs all in a single place to “Connect, Collaborate & Celebrate” new ideas. Offering limited space, the registrations to be part of the summit have started this month, allowing people to book their slots. Connect At the heart of the St Kitts and Nevis Investment Gateway Summit is the opportunity to connect with investors, entrepreneurs and industry leaders from Africa, Asia, the Middle East and America. Participants have the chance to engage with like-minded individuals, exchange ideas, esta...

What is POSIThis is an insurance cover for the wrongful acts of a company and its directors arising from the issue of a prospectus. The cover may also include claims by the underwriter or sponsor of the floatation arising from warranties and indemnities given by the company or the directors personally in agreement with the underwriter and sponsor.The Need of POSIA corporate entity when raising capital through capital markets by inviting investors and by publication of a prospectus and sale of unlisted securities renders itself to the scrutiny of Regulators, New Shareholders, Customers and competitors. The Directors and officers of that entity, the entity itself, shareholders and/or advisors, lead managers etc can face potential liabilities arising from public act of issuing shares.The SEBI...

Fire loss of profit policy for windmillsMaterial Damage Cover:Normal Fire policy covers the property against physical damage due to Fire and allied perils. This policy pays for material damage only. It does not pay for loss of production arising out of an accident at the location insured in the policy. Thus indemnity for material damage does not provide complete protection to the insured who will also suffer production losses due to total or partial stoppage of the windmillsLoss of profit policy:Fire loss of profit policy is available to cover loss of gross profit arising out of an accident due to perils insured under Standard Fire policy. This policy will cover Gross Profit which shall be the Energy Income for windmills.The computation of the same can be done as under:ANo. of units genera...

(I) Coverages as per Standard Fire and Special Perils Policy-FireLightningExplosion/ ImplosionAircraft DamageRiot, Strike, Malicious and Terrorism DamageStorm, Cyclone, Typhoon, Tempest, Hurricane, Tornado, Flood and InundationImpact DamageSubsidence and landslide including Rock SlideBursting and/ or overflowing of Water Tanks, Apparatus and PipesMissile Testing OperationsLeakage from Automatic Sprinkler InstallationsBush Fire(II) Policy does not cover (Exclusions)-a) The First 5% of each and every claim subject to a minimum of Rs. 10,000 & Maximum of Rs. 25,000 in respect of each and every loss arising out of Act of God Perils such as Lightning, STFI, Subsidence, Landslide and Rock slide covered under the Policy.b) The First Rs. 10,000 for each and every loss arising out of other peri...

CancellationThis insurance is to indemnify the Assured for their Ascertained Direct Net loss, should the insured Events(s) described in the Schedule, be necessarily Cancelled, Interrupted in whole or in part and for additional expenses which the insured incurs for the continuation of the event.  The Cancellation, Interruption is the sole and direct result of any cause beyond the control of the Assured and participants therein (except as hereinafter excluded), subject always to the terms, conditions and exclusions of the policyPerils Covered Under the Policy:Loss or Damage to the Venue due to Fire and allied perils (Excluding Adverse Weather).Death of President of India/ Prime Minister of India / Chief Minister of the state where the Event is being held  Public Liability Insurance Loss or d...

IntroductionThe structure of the policy for both industrial and non industrial risks is almost the same. Both the classes are governed by market agreement which came into force from 1.1.1988 for industrial risks and from 1.12.1991 for non industrial risks.According to Maket Agreement, industrial risks are manufacturing industries and storage risks such as depots, warehouses, godown, tanks, farms etc whereas non industrial risks are hotels, club houses, cinema halls, office premises etc.These policies ie. Public liability Insurance (industrial and non industrial) have the same coverages, exclusions.Coverage:- The Insurer Undertakes To Indemnify The Insured For Bodily Injury Or Property Damage Claims Arising Out Of Accidents, Arising Out Of And In Connection With Business, Specified In The P...

 Public Liability Act 1991The Public Liability Act 1991 is“An act to provide for public liability insurance for the purpose of providing immediate relief to persons affected by accident occurring while handling any hazardous substance and for matters connected therewith or incidental thereto”Public Liability Act- reasonThe explanation says that” the growth of hazardous industries, processes and operations in India has been accompanied with by the growing risks from accidents to the innocent victims. Very often, the majority of people affected are from weaker sections of the society. It is therefore felt necessary to provide for mandatory public liability insurance for installations handling hazardous substances to provide minimum relief on the principle of “NO FAULT LIABILITY”This Act make...

What is Product Liability?A product liability policy provides indemnity to the Insured against legal liability to pay for damages and/or Injury arising out of any defect in the products manufactured and covered under the policy.“Product” means any tangible good or property, after it has left the custody and control of the insured, which has been designed, specified, formulated, treated, serviced, altered or repaired by or on behalf of the insured.“Damage” means physical loss or damage to tangible Property.“Injury” means death, bodily injury, illness or disease of or to any person. Scope of Cover -This policy indemnifies the insured against legal liabilities to:pay compensation including claimant’s cost, fees and expenses in accordance with the laws of the country. Arising out of injury, da...

INTRODUCTION TO D&ODirectors and officers of companies hold positions of trust and they have responsibility to their company, the shareholder, the employees, the public at large etc. They may become liable to pay damages for wrongful acts like failure of supervision of the affairs of the company etc.   Apart from common law responsibilities, the duties of directors under the companies Act relate to prudent management of the copmpany.Liability of Directors and OfficersDirectors and Officers may be liable to Employees eg. Unfair dismissalShareholders CreditorsGovernment regulatory bodiesMembers of the public etcCoverageThe Policy shall cover “Loss” which means legal liability of the Directors or officers to pay damages or costs awarded against them and costs and expenses incurred by the ...