The current regime and environment of Insurance in India is changing drastically. With business becoming aware, risks becoming higher and exposures spreading across the globe, it is an inherent requirement that the corporate houses in India cover their assets in a manner that is best suited to their business and risk exposure. The global insurance market allows for such flexibility by allowing customers to choose their coverage, conditions and warranties. This is now a reality in India as well, with mega policies being drafted for large corporate houses, and local policies being tailored to provide additional coverage.