Get your Insurance
policies and plans audited.

An audit is to ensure that any business is paying optimal premium, is adequately covered through different policies and all clauses in the policy document are present for their portfolio.

What is an Insurance Audit?

Insurance audit is a process specific to the insurance industry. An audit is an examination of your operation, records and books of account to discover actual risk exposure, risk classifications, coverage provided. A comprehensive and quality insurance audit can be beneficial to client's company, could save time, money and complete coverages which will benefit at the time of any eventuality.

Who conducts the audit?

A team of qualified and experienced auditors representing PrishPolicy conducts the insurance audit. The auditor may be a PrishaPolicy employee or an independent auditor. We ensure and share the details of the auditor before hand for complete transparency.

Benefits of Insurance Audit


Organised and technology driven approach for audits.


Assement of adequate Sum Insured to avoid Under/ over Insurances.


Helps in identifiying optimal Insurance Premiums.


Helps in detection and prevention of misselling/ frauds.


Helps in identifiying optimal Insurance Premiums.

Procedure for Insurance Audit

Audits are more comfortable and faster when all needed information is gathered ahead of time. We issue a detailed letter of requirement to the client before starting insurance audit, so that client can guide the auditor through the workplace, answer questions and provide needed documents, and be thoroughly informed.

In most cases the following documents are required:

  • Description of company operations
  • Owners' and Stakeholder names and titles
  • List of Director, list of outsider companies where same directors are also director.
  • Name of all employee and job roles
  • Names of subcontractor and vendors involved in the chain
  • List of Location where company works.
  • Fixed Assets Register which has location wise information.
  • Copy of All policies
  • Copy of Balance Sheet and it's Annexures.

By going through all this information, we ascertain the nature of business, risk involved, risk classification code, adequate sum insured, Nature of policies and type of add on coverages required. Through this process we form our opinion and present our report.

Why Choose PrishaPolicy

5 Reasons why you should choose us to be your policy issuing partner of choice. Allow us to tell you why we are one of the fastest growing insurance brokers.

Customer-Centric Culture

For us, you always come first. Our products and services are designed to find the best coverage for all.

A Decade of Market Leadership

Our teams expertise and experience makes them the perfect guides in choosing a policy that fits your needs.

Reliable and Consistent

Rest assured that everything will be taken care of without a glitch. From shortlisting to claims processing & delivering promises without a hitch.

Guided Policy Assistance

Our experts are forever ready to assist you through each policy detail with a fine-tooth comb.

Claims Assistance

Our DNA prompts - Sales is incomplete without timely support. From start to end, we facilitate smooth processing from lodging to settlement.

Still Thinking About It?

Get on a call with us. We take pride in being associated with you for competitively managing your risks with the best insurance covers and delivering a stress-free experience.

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Questions You Might Have

What is claim settlement?

Claim settlement is the process of settling a claim made by an insured person or business against an insurance company. The claim settlement process is initiated when the insured person or business files a claim with the insurance company. The insurance company then investigates the claim and settles it by paying the insured person or business the amount of money that is due to them.

What is the claim settlement ratio?

Claim settlement ratio is the ratio of the total amount of claims paid by an insurance company to the total amount of claims received by the insurance company. The claim settlement ratio is an important indicator of the financial health of an insurance company. A high claim settlement ratio indicates that the insurance company is financially healthy and is able to pay the claims of its policyholders. A low claim settlement ratio indicates that the insurance company is not financially healthy and is not able to pay the claims of its policyholders.