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Broker or going Direct to Insurer ?

About Us A number of emerging organisations in our country face this question. Whether we should engage an insurance broker to negotiate with the 23+ approved insurers or deal direct with the insurers ourself. As an insurance broker, SPA has a duty of care to represent your interests at all times... more

Buy or Renew or just Review?

reviewsAs your business expands or your life changes, the types and levels of insurance policies that you need will change too. With increasing specialization in every sphere of life, your insurance administration also needs support from experts , support which is extended with complete responsibility... more

News Updates

IRDAI grants in-principle approval for Reliance General Insurance IPO
Reliance General Insurance Company (RGI), a 100% subsidiary of Reliance Capital, announced that it has received in-principle approval from Insurance Regulatory and Development Authority of India (IRDAI) for the process of its proposed IPO.   Listing of RGI is expected to be completed in FY18, subject to necessary approvals.
IRDAI gives green signal to ICICI Pru to take-over life insurance business of Sahara India
Insurance Regulatory and Development Authority of India (IRDAI) has directed ICICI Prudential Life Insurance to take over the life insurance business portfolio of Sahara India Life Insurance Company (SILIC) with effect from 31st July 2017.
ICICI Lombard IPO to open for subscription on September 15
The IPO is a public offer of up to 8,62,47,187 equity shares. The company had filed its draft red herring prospectus (DRHP) with SEBI on July 14, 2017.   The objects of the offer are to achieve the benefits of listing the equity shares on the stock exchanges and to carry out the sale of up to 86,247,187 equity shares by the selling shareholders.

Insurance Broking including Placement

Our Insurance Broking Services, being a minimum level of engagement, help the Client in designing a RFQ , short listing the insurers, and thereafter, we approach agreed insurers with RFQ, prepare and submit a Quote Comparison. After hectic negotiation for the most value based coverage and evaluation, we help the Client in settling the final insurer...
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Portfolio Management Services

SPA's Portfolio Management Services provide end to end solution for insurance requirement of every sizable client. PMS is much more comprehensive than merely assisting you in placement of the business. It offers the client an opportunity to completely outsourcing its insurance function while retaining key decision making...
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Risk Analysis, Audit and Review Services

As against PMS, Risk Analysis, Review and Audit is a service limited in its scope. Many a clients in their initial phase of relationship with us, prefer to utilize our expertise for having their existing policies reviewed, risk environment scanned, gap found and constructing improvement suggested. We undertake such services with a fast pace and...
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Lenders Insurance advisory Services

Now-a-day. All large projects have major debt component. Lenders necessarily incorporate a provision of having Lender's Insurance Advisor in their Loan Agreement whose mandate is to assess the risks involved and suggest comprehensive insurance program. Working as LIA we offer same level of expertise otherwise available to our clients...
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Valuation & Risk Inspection Services

Valuation Services: Adequacy of sum insured is one of the foremost consideration for proper indemnification. Sum Insured, in turn, depends upon the replacement/market value of the underlying assets. We always insist that the Client must review the sum insured every year on every renewal. If the Client is unable to revise the same, they should use...
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E-Insurance Policies
Now each of your insurance policies (whether you have purchased insurance policy through 'SPA' or not) can be maintaintained in electronic form, saving you from hassle of preserving hard copies. Your new policies too can be secured in electronic form. SPA Insurance Broking Services Ltd ('SPA') has already been granted Registration to...
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Insurance is the subject matter of solicitation