The document presents a comprehensive review of the insurance portfolio for M/S Most Progressive Company (MPC), including an analysis of current policies and recommendations for improved coverage and cost-effectiveness. Key recommendations include consolidating separate policies into comprehensive packages, optimizing asset and stock insurance, and enhancing employee benefit plans. The proposal emphasizes risk management and strategy, offering tailored solutions for liability, marine, and employee-related insurance needs.

1. Insurance Portfolio Review (IPR) for M/s. Most Progressive Company (MPC)

2. Thus far Meetings with operational and strategic contacts at MPC Received copy of insurance policies currently taken by MPC Detailed review of these policies undertaken Primarily from a cost and coverage perspective

3. Insurable interest ( Balance Sheet )

4. Insurable interest ( Balance Sheet )

5. Insurance Covers - Assets Standard fire & special perils Burglary Machinery breakdown Electronic equipment Industrial all risk Boiler & pressure plant Marine cum erection Business interruption

6. Insurance Covers - Employees Group mediclaim Group personal accident Group term life Group gratuity Group superannuation Fidelity guarantee Keyman Overseas travel

7. Insurance Covers - Liability Public liability act Public liability- industrial Public liability- non-industrial Directors & officers liability Product liability Professional liability Workman’s compensation

8. Advice on Asset Insurance Separate policies in place for various office risks A single comprehensive office package policy is recommended Provides all the coverage's primarily required for an office space Sections covered include: fire, burglary, electronic equipment, fidelity, money, public liability, all risk, plate glass, neon signs. Baggage As multiple sections are taken insurers offer additional discount Provides for easier policy administration Significant savings in premium paid Book value basis for evaluating assets currently used Currently, assets such as furniture & fittings are underinsured Assets such as electronic equipments are over insured Valuation of assets needs to be only on reinstatement value basis This is the cost you would have to pay today to replace the asset This will be amount considered at the time of claim

9. Burglary sum insured currently on total asset value Burglary cover to be taken only for 20% of total asset value Considering the security at your premise access difficult Moving sizable amount of assets next to impossible Assets secured to the building not easily removable Burglary cover to be taken on first loss reinstatement basis In case of burglary the sum insured can be reinstated to cover future burglary Assets of each location currently covered under separate policies All assets should be covered under single policy Will provide administrative ease The larger sum insured will provide for better insurance premium rate Advice on Asset Insurance

10. Advice on Stock insurance Stock insurance for finished/ under process goods Currently covered separately as quick and laggard movers Single coverage should be taken Will provide administrative ease The larger sum insured will provide for better insurance premium discounts Stock of each location currently covered under separate policies Stock valuation at a location varies at any given point of time Which could lead to underinsurance at the time of claim A floater cover will address this issue

11. Advice on Marine insurance Separate policy for each shipment being currently taken A single comprehensive marine policy is advised based on annual turnover Will cover all incoming and outgoing inland shipments Makes policy administration easier Result in a lower premium outflow due to larger sum insured Daily declaration not required, monthly declaration recommended Cash deposit account is maintained with insurer Additional premium, if required, can be added to this a/c during policy period Surplus premium is refunded back by insurer at the end of policy period Ensures a blanket cover for all shipments Certificates can be issued online at your facility, 365 days, 24 x 7 Using an extremely customer friendly software interface Interface provides you a live inventory of all shipment data for ready use

12. Advice on Employee Benefits Group Mediclaim- currently per person sum insured limit A family floater coverage is suggested Family limit v/s per person limit Allows better utilization of sum insured/ premium paid Lower per family premium paid i/o of current per person higher premium Premium applicable will be for employees age v/s individual person age Avoids higher premium paid for older family members such as parents Corporate buffer suggested A n amount set aside for cases where family floater limit exhausted When company feels it should support the employees high claim Premium is significantly lower v/s increasing family floater sum insured's Company viewed as supportive in time of need

13. Advice to MPC- Employee Benefits Group Personal Accident – Medical extension suggested Under the Group Mediclaim policy hospitalization required in most cases Under medical extension for accident related cases it is not required Premium rates very economical Group Personal Accident – TTD cover suggested TTD= Temporary Total Disablement (TTD) When an accident prevents employee from engaging in his/ her occupation After paid leave utilized employee’s occupational earning stops TTD cover compensates employee immediately for the lost earning Saves company any ‘humanitarian grounds’ expenses Premium is very economical

14. Advice to MPC- Employee Benefits Group Term Life (GTL) policy suggested Per Employee's Provident Fund and Miscellaneous Provision Act Statutory liability to subscribe to Employee's Deposit Linked Insurance Scheme To provide all your employees with the benefit of life insurance Exemption to subscribe under Sec. 17 (2A) of the Act available If you provide better insurance benefits than EPFO GTL provides greater insurance benefits than the cover offered by EPFO GTL premium significantly lower than current EPFO contribution GTL premium rates significantly lower than individual policy rates Company and employee can contribute as feasible to both No medical tests required as in the case of individual policy Added benefit employees get for being part of the company group Higher affiliation generated for the company Strong retention tool

15. Directors & Officers (D&O) policy suggested Directors and Officers can be sued personally by any stakeholder for a decision taken by them on behalf of the company in their professional capacity as director or officer of the company Who can sue? Shareholders, creditors, employees, regulators, customers, competitors ,investors, other stakeholders can D&Os could be held liable for a wide range of reasons, among others Misuse of corporate funds Companies Act violations False statements to Government agencies Irregularities in securities issues D&O Insurance provides indemnity to directors & officers for Legal and defence costs Damages and expenses incurred Arising from claims brought against them personally Due to wrongful acts in their capacity as Director or Officer of a company. Advice on Liability insurance

16. The Way Forward Review of findings by MPC’s operational and strategic contacts Detailed presentation on policies/ coverage's proposed by us MPC decides on which policies/ coverage's to pursue Proposal forms provided by us are completed by MPC We request quotes from multiple insurers We present quote comparison to MPC contacts We recommend insurer and MPC decides on recommendation Premium cheque issued by MPC Policy issuance and administration done by us.

17. Risk, an opportunity Every opportunity comes with risk. We’ll help transform risk from a problem to a strategic advantage Enabling you to create value from the opportunity Relishing the advantages of safe risk transfer

18. Poised to be a global SRT leader Dedicated to creating strategic advantage from SRT Navigate companies through the challenges of SRT Identifying situations others don't and unlocking advantages others can’t through SRT We literally eat, sleep, and breathe SRT Why GlobalInsure for Safe Risk Transfer (SRT)

19. For all your insurance needs email us at [email_address] GlobalInsure renders advice on various insurance covers, suitable to all kinds of needs. This presentation is for informative purposes only and should not be circulated, redistributed, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalInsure. The business areas discussed are broad categories only and the exclusions, terms and conditions of the specific insurance contract may vary from one insurer to the other. GlobalInsure accepts no liability for any direct or consequential loss arising from any information provided in the material. Insurance is the subject matter of solicitation .