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Monday 10am - 7pm Tuesday 10am - 7pm Wednesday 10am - 7pm Thursday 10am - 7pm Friday 10am - 7pm Saturday 10am - 7pm

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SM Insurance & Financial Services

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SM Insurance & Financial Services

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We are certified by the Insurance Regulatory and Development Authority (IRDA),We are tied up with leading general insurance and life insurance companies to bring you the best insurance products available in the market.

14/04/2026

Why it is required?
For a patient, his doctor is someone who promises good health by putting him on the right fitness condition when an
emergency lands. Unfortunately, human error cannot be eliminated and doctors are exposed to the risk of claims from
clients who have suffered loss due to neglect, error or omission.
In today's litigious world, claims can pose a significant threat to the financial security for a medical practitioner. Your
expertise is protecting the health of your clients. Our expertise is advising you how to protect your professional interest.

Professional Indemnity for Doctors Policy protects you against
• Claims arising out of bodily injury or death caused by error, omission, negligence
• Legal liability including defense costs (costs, fees, expenses) incurred while investigation, cost of representation,
compensation etc.

*Who is covered?*
• Doctor
• Nurses
• Qualified assistant
• Technician employed by Doctor

Recommended Sum Insured: General practitioners (₹20–40 Lakhs), Specialists (₹50–100 Lakhs), High-risk Surgeons/Obstetricians (₹1–2 Crores+)

11/04/2026

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Even ₹500 per month can create a big difference in the future.

👉 Don’t wait for the perfect time, start your SIP today and secure your tomorrow!

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11/01/2026

LIC Nav Jeevan Shree Plan is a non-linked, non-participating life insurance savings plan from the Life Insurance Corporation of India (LIC) that offers a blend of life cover + guaranteed savings accumulation — making it useful for long-term financial planning and family financial security.
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05/01/2026

Workmen’s Compensation Insurance is a statutory insurance policy designed to protect both employees (workmen) and employers against financial losses arising from workplace injuries, occupational diseases, or death caused during the course of employment. In India, it is governed by the Employees’ Compensation Act, 1923 (earlier called the Workmen’s Compensation Act).

1. Purpose of Workmen’s Compensation Insurance

The main objective of this insurance is to:

Provide financial compensation to employees or their dependents in case of work-related injury, disability, or death.

Protect employers from legal liability and unexpected financial burden due to compensation claims.

2. Who Is Covered

This policy covers employees such as:

Factory workers

Construction and contract labor

Drivers, cleaners, helpers

Technicians, machine operators

Employees working in hazardous and non-hazardous occupations

It generally applies to employees who are not covered under ESIC and whose wages are within limits prescribed under the Act.

3. Risks Covered

Workmen’s Compensation Insurance provides coverage for:

a) Accidental Injury

Injuries caused by accidents arising out of and during employment.

b) Occupational Diseases

Diseases contracted due to continuous exposure to work-related risks (e.g., lung disease, hearing loss).

c) Disablement

Temporary Total Disablement (TTD): Employee is temporarily unable to work.

Permanent Partial Disablement (PPD): Partial and permanent loss of earning capacity.

Permanent Total Disablement (PTD): Complete and permanent inability to work.

d) Death

Compensation paid to legal heirs/dependents in case of death due to workplace accident.

4. Compensation Payable (As per Act)

Compensation is calculated based on:

Monthly wages of the employee

Age of the employee

Nature of injury or disablement

Typical benefits include:

Lump sum compensation for death or permanent disablement

Periodical payments for temporary disablement

Reimbursement of medical expenses (if covered by policy terms)

5. Employer’s Liability Covered

The policy covers the employer’s legal liability to pay compensation for:

Workplace accidents

Occupational diseases

Legal costs and expenses incurred in defending claims (if included)

6. Exclusions

The policy generally does not cover:

Injuries due to willful misconduct

Accidents caused under the influence of alcohol or drugs

Injuries occurring outside the course of employment

War, nuclear risks (standard exclusions)

7. Importance for Employers

Mandatory under Indian law for applicable employees

Avoids heavy financial losses due to compensation claims

Ensures compliance with labor laws

Builds trust and security among employees

8. Importance for Employees

Provides financial support during injury or disability

Ensures compensation to family in case of death

Reduces hardship due to loss of income

9. Conclusion

Workmen’s Compensation Insurance is a crucial policy that ensures employee welfare and employer protection. It acts as a legal safeguard while promoting a safe and responsible working environment.

01/12/2025

Even small investors can benefit from market growth, Start your Mutual fund SIP today.
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01/11/2025

The importance of insurance is that it provides financial protection and stability by covering unexpected losses from events like accidents, illnesses, or disasters. It acts as a risk management tool, allowing individuals and businesses to transfer the potential burden of large expenses to an insurance company in exchange for regular premium payments

18/08/2025

Life insurance provides financial protection for a family and ensures that dependents and other family members are not burdened with the cost for final arrangements, such as funeral costs.

16/08/2025

Medical insurance is a financial tool that provides financial Protection against medical expenses.
Medical insurance covers wide-ranging medical expenses like the cost of medicines, surgery, doctor's consultations, room rent, ambulance charges and many more.

26/04/2025

When it comes to your health, we believe protection should have no limits.
With Elevate, experience a health cover that reaches across borders.
It’s not just insurance. It’s peace of mind, powered by innovation.

Proudly associates with Lombard

08/03/2025

Live The Moment, Watch Your Child grow With Confidence. Get Quote
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01/01/2025

*Happy New Year 2025!*
Dear Valued Customer,

As we step into a brand-new year, we at SM Insurance & Financial Services thank you for your trust and partnership. We look forward to continuing to serve you and helping you achieve your financial goals in 2025.

May the year ahead bring prosperity, happiness, and success to you and your loved ones!

Warm regards,

Address

Mumbai
400097

Opening Hours

Monday	10am - 7pm
Tuesday	10am - 7pm
Wednesday	10am - 7pm
Thursday	10am - 7pm
Friday	10am - 7pm
Saturday	10am - 7pm

Telephone

+919819442649

Website

facebook.com

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