Home About us Services Objective Membership CSR Projects Programme by IFI Awards Gallery Media Coverage Contact us FAQ's Blog Grievance
Insurance Foundation of India
(A not for profit organization under Trust Registration Act, 1882)
Download IFI - Training Programme Calendar for 2017-18
Training Programme on Project Insurance on Friday, 25 May 2018, PHD House, New Delhi
IFI - Training Programme Calendar for 2017-18
Conference on “Protection & Insurance of Art, Artifacts, Art Galleries and Museums” Date to be Announce Soon
Successfully Completed- Training Programme, Seminar & Conference List by IFINGO
Study Material on Pradhan Mantri Fasal Bima Yojna 2016
CSR (Corporate Social Responsibility) Projects
Insurance Industry News/ Updates
Newsletter by IFI
Bima/ Insurance Cartoon by IFI
IRDA (Insurance Brokers) Regulations, 2013 (English)
IRDA (Insurance Brokers) Regulations, 2013 (Hindi)
Appreciation letter from PHD Chamber of Commerce & Industry
Pan India Insurance Awareness Campaign by Shri P Chidambaram on 12th April, 2013, New Delhi
Comments on IRDA Sub Brokers Report
NGO Working for Micro Insurance
An Invitation to Insurance Company's to Support IFI
- Appreciation from Leading Insurance Companies
IFI Project Report Award
 
- Download Poster
- Rules & Regulation
Life Insurance- Private players & their foreign's partners
General Insurance- Private players & their foreign's partners
Consumer Forum Cases in Insurance
Insurance Frauds in India
Indian Insurance Sector Report
Interesting Insurance Photos
IRDA Bima Bemisal/ Insurance Cartoon
 
 
 
Full Day Training Programme on “Project Insurance”
Seminar - Programme Main Page
Date: Friday, 25 May 2018
Time: 09.30 am to 05.30 pm
Venue: PHD House, New Delhi
 
Seminar Brochure Seminar Schedule Response Form
Organized By:
Insurance Foundation of India (IFI) in Association with PHD Chamber of Commerce and Industry
Contact Details
Mr. Rajesh Kumar
Programme Coordinator, Insurance Foundation of India
Om Plaza, 430/7, 1st Floor, Sant Nagar, East of Kailash, New Delhi – 110065
Phone: 011- 46581577 Email: vp@ifingo.org
Why need for Specialized Industry Focused Training Programme on Project Insurance?
Indian Economy is growing at a fast pace and large amount is being invested in the following projects:
  • Infrastructure
  • Ports/ Airports
  • Highways
  • Roadways
  • Metro/ Rapid Metro
  • High Rise Buildings
  • 300 Smart Cities
Country is also focusing on “Make in India” and large amount is being invested in setting up of various manufacturing projects:
  • Defence Infrastructure
  • Petro Chemicals
  • Power Generation
  • Food Processing/ Cold Chain Supply Line
  • FMCG
  • Electronics/ Electrical Manufacturing
All these projects need Project Insurance Policies where all aspects of Risk are covered and hence we find that there is need for specialized training Programme on:
  • Contractors All Risks (CAR) Insurance Policy
  • Erection All Risks (EAR) Insurance Policy
  • Advance Loss of Profit Policy
  • Marine Loss of Profit Policy
All major projects and investments present great opportunities, but also have many unforeseen risks as well. The management of risk in construction projects involves both the allocation of risk under the project contracts and the management of those risks through insurance. The ability to recognize and overcome risks is crucial to the success or failure of any project.
Investors, lenders, contractors and implementors of projects are exposed to a wide range of risks which may:
  • Impact the asset base
  • Interrupt the revenue stream
  • Affect repayments to lenders and investors
The potential risks can be divided into following three groups:
  • Physical Assets Protection
  • Design Engineering Risks
  • Management Liability
  • Financial Market and Economic reforms
Project insurance should cover ‘All-risks’ of loss or damage to the permanent and temporary works comprising the contract, including the materials, and all things used for or intended for incorporation within the contract, throughout various phases of the construction/ erection, including testing.
 
Objectives of the Training Programme:
This training programme will give an opportunity to participants to interact with faculty, who have vast experience of dealing with products which form part of Project Insurance. Participants will be able to learn about the experience of various organizations.
This training programme is very practical in nature and is Case Study Based to provide a practical understanding of various products which form part of Project Insurance. The aim is to discuss and come out with solutions for issues faced during purchase of these products, lodging and settlement of claims associated with the same.
The programme is structured in such a way that it promotes interaction among managers/ executives of:
  • Firms who purchase Project Insurance Policies.
  • Insurance companies involved in business development, selling, underwriting and managing products which are being sold to corporates.
  • Insurance brokers who are most important insurance intermediary
  • Surveyors & Loss Assessors
  • Insurance Consultants/ Consulting Companies, who are advising clients in buying project insurance.
Topics to be covered:
Every session will be followed by Questions/ Answers so that high level of clarity is achieved.
  • Contractors All Risks (CAR) Insurance Policy
  • Erection All Risks (EAR) Insurance Policy
  • Advance Loss of Profit Policy
  • Marine Loss of Profit Policy
  • Risk Management in Infrastructure Projects
  • Underwriting Challenges in Infrastructure Projects.
  • Claims Challenges in Infrastructure Projects
  • Contractual obligations
  • Contractual risk flows
  • Competitive pressures
  • Technological Development
  • Regulatory Requirements
  • Claims Procedure - how to expedite it by keeping in mind the Procedural Aspects of Insurers. This will be supported with Case Studies.
Who Should Attend the Training Programme (Target Participants)?
This is a good opportunity for:
  • Risk Managers/ Mangers handling purchase of insurance policies and lodging of claims on behalf of:
    1. Corporates
    2. Implementors of large Projects
    3. Manufacturing firms
    4. Large Construction Companies
    5. EPC Contractors
    6. Large Real Estate developers
  • Decision makers in the large infrastructure companies
  • Middle/ Senior level managers in Insurance Companies
  • Surveyors & Loss Assessors
  • Managers/ Executives of Insurance Brokerage Firms – Business Development/ Underwriter/ Claims Department.
  • Consulting firms providing services to Infrastructure & large projects.
  • Academic - Faculty members/ students specializing in General Insurance
What you can expect from the Training Programme?
This training programme on Project Insurance will provide the participants with
  • Empowering the customers of project insurance in the infrastructure industry
  • Providing an insurer-insured interface
  • Improving Project Insurance knowledge and professional level
Eminent Faculty Conducting this Training Programme:
Our faculty comprises of people, who are highly experienced and are responsible for decision making & authority on Project Insurance in their organization. They are up to date in their knowledge.
Mr. Niraj Kumar, Consultant & Retired General Manager, The Oriental Insurance Company Ltd.   Mr. Thondup Tshering, Vice President. North, Futurisk Insurance Broking Company Ltd.
Mr. Vimal Goyal, Associate Director, SMC Insurance Brokers Pvt Ltd.   Mr. Kalyan Prasad Sen, Ex-International Loss Adjuster, Chief Operating Officer, The Consultants, Corporate Insurance Claim Consultants.
Mr. S. K. Sethi, Vice President, Insurance Foundation of India & Director, RIA Insurance Brokers Pvt. Ltd.   Mr. Sameer Nandwani, Lawyer, Specializing in Insurance
Traning/ Delegate Fee:
Participation fee (Includes Training, Study Materials & Lunch)
  • Individual participant fee: Rs. 3500/
  • Group participation fee (team of 5 persons and above): Rs.3250/-each.
  • Group participation fee (team of 10 persons and above): Rs.3000/-each
Note: Prior registration/ confirmation are requested to attend this Training Programme, so that Certificates/ Logistics/ Study Material & Lunch can be arranged accordingly.
Venue & Dates:
Duration: 1Day
Venue: PHD Chamber of Commerce and Industry, PHD House, 4/2, Siri Institutional Area, August Kranti Marg, New Delhi- 110016 (Nearest Metro station- Hauz Khas)
Date: Friday, 25 May 2018
Time: 09.30 am to 05.30 pm
Accommodation:
This is non residential Training Programme; however reasonable hotels/ guest houses are available in surrounding areas such as Panchsheel Enclave, Hauz Khas, Greater Kailash & South Extension. Programme Coordinator will be ready to assist you in arranging the same (if required)
Certificate:
Certificates will be issued to the participants on completion of this Training Programme.
About the Organizers:
Insurance Foundation of India (IFI) is set up under Trust Registration Act 1882 of Government of India as a Not for Profit Organization. The main objective of IFI is to promote awareness of Insurance among masses. IFI has successfully organized various Executive Development Programmes/Skill development Programmes of International standards in India with world-class faculty.
Under CSR project supported by PNB MetLife India Insurance Company Ltd we produced a Film “Khushiyon Ki Suraksha” for spreading awareness of insurance in rural areas. It is available on https://www.youtube.com/watch?v=hzbADuIcWuU
Our project “Bima Jagrukta Abhiyan” has been awarded Skoch Award as one of the 100 top Projects undertaken in India during 2016.
We are approved under 80G of the Income Tax Act 1961. IFI will be pleased to be associated with CSR Project to be undertaken by you.
Tailor Made Training Programme:
We will be pleased to conduct Training Programmes as per your requirement at your location. Let us know your requirement at vp@ifingo.org
Please send the Registration to:
Mr. Rajesh Kumar
Programme Coordinator, Insurance Foundation of India
Om Plaza, 430/7, 1st Floor, Sant Nagar, East of Kailash, New Delhi – 110065
Phone: 011- 46581577, Email: vp@ifingo.org
 
Global Insurance Conferences/ Events
Seminar on Debtor's and Industry Protection through Insurance - Need of MSME Sector (in association with PHD Chamber of Commerce & Industry) on Tuesday, 10 April 2018 at PHD House, New Delhi   more........
 
Upcoming Seminar
Seminar on Debtor's and Industry Protection through Insurance - Need of MSME Sector (in association with PHD Chamber of Commerce & Industry) on Tuesday, 10 April 2018 at PHD House, New Delhi   more........
Best View at 1024x768 Resolution
© 2015 Insurance Foundation of India