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General Insurance

House Holder Policy

Home insurance provides against financial loss against damage of the structure and/or contents of your home caused by natural and man-made disasters. A home is your most important asset, and it is natural to safe guard it against any calamity. The amount of cover is dependent on the cost of construction of the house and the value of consumables.

Key Benefits

  • Comprehensive cover available, which covers both structure and / or contents of your home
  • Coverage up to 5 years for structure and contents.
  • Cover against Fire and allied perils, Burglary & Theft and Optional cover for Terrorism and Additional expenses of rent for alternative accommodation.

This is a package policy, designed to meet the requirements of householders by combining a number of covers under a single policy as detailed below:

What Does IT Covered

  • Fire (Building including content)
  • Earthquake
  • Burglary/House breaking
  • All risk (jewellery & valuables)
  • Plate glass
  • Break down of Electrical appliances
  • TV/VCP/VCR/PC/Mobile
  • Baggage
  • Personal Accident
  • Public Liability

What it does not cover

  • War and allied perils
  • Terrorism (this is an optional cover available on request)
  • Nuclear perils
  • Damage due to pollution or contamination
  • Consequential loss
  • Spoilage due to interruption of business
  • Theft following an insured peril

Please refer to the Policy Wordings for the complete coverages, exclusions and terms and conditions of the policy.

Standard Fire and Special Perils Policy

Standard Fire and Special Perils Insurance is a traditional cover that offers cover against fire and allied perils which are named in the policy. The policy can cover building (including plinth and foundation), plant and machinery, stocks, furniture, fixtures and fittings and other contents.

Fire Insurance

Any damage or losses due to occurrence of any of the following….

  • Fire
  • Lightning
  • Explosion / implosion
  • Aircraft damage
  • Riot, strike and malicious damage
  • Storm, cyclone, typhoon, tempest, hurricane, tornado, flood and inundation
  • Impact damage
  • Subsidence and landslide (including rock slide)
  • Bursting and / or overflowing of water tanks, apparatus and pipes
  • Missile-testing operations
  • Leakage from automatic sprinkler installations
  • Bush fire
  • Earthquake (this is an optional cover available on request)
  • War and allied perils
  • Terrorism (this is an optional cover available on request)
  • Nuclear perils
  • Damage due to pollution or contamination
  • Consequential loss
  • Spoilage due to interruption of business
  • Theft following an insured peril

The following add-on covers can be opted:

  • Architects, Surveyors and Consulting Engineers fees (in excess of 3% of claim amount)
  • Deterioration of Stock in Cold Storage
  • Impact Damage by insured's own vehicles etc.
  • Omission to insure Additions, Alterations or Extensions
  • Spoilage Material Damage Cover
  • Loss of Rent
  • Start Up Expenses
  • Debris Removal (in excess of 1% of claim amount)
  • Forest Fire
  • Spontaneous combustion
  • Earthquake (Fire and Shock)
  • Leakage and Contamination Cover
  • Additional expenses on rent for Alternative Accommodation
  • Terrorism Cover
  • The insured is expected to inform the insurance company at the earliest and within 24 hours.
  • The insurance company appoints a claim representative who surveys the fire damaged property. The insured needs to provide the claim representative all the relevant information.
  • The degree of actual loss is evaluated by the claim representative.
  • The processing of the claim takes a maximum three weeks.

The documents that the policyholder is required to produce while claiming for the loss include a report of the fire brigade, a true copy of the policy along with the schedule, past claims experience, a claim form and photographs.

To get a Fire Insurance Cover, An Individual also needs to fill up the following information in the Policy Form.

  • Name, occupation and address.
  • Subject matter description – which allows for identification in case of a fire.
  • Information about the area where the property is situated.
  • The purpose for which the property is being used.
  • Whether the property is already insured.
  • Personal insurance history.

Please refer to the Policy Wordings for the complete coverages, exclusions and terms and conditions of the policy.

Office Package Insurance Policy

Office Package Insurance Policy provides a comprehensive cover for office establishments and brings to you the flexibility to design the policy as per your needs. Office Package Insurance Policy allows you to choose the covers that you may require to protect your property and manpower, all with the convenience of a single policy.

  • Fire and special perils: Building and contents – Covers the loss or damage to the building and/or contents caused by the risks of fire, lightning, explosion/implosion, aircraft damage, riot, strike and malicious damage, storm, cyclone, typhoon, tempest, hurricane, tornado, flood And inundation, impact damage, subsidence and landslide including rock slide, bursting and/ or overflowing of water tanks, apparatus and pipes, missile testing operations, leakage from automatic sprinkler installations, bush fire, earthquake (optional), terrorism (optional).
  • All Risks Insurance Covers Loss or damage to functional equipments like computers, industrial equipments etc and non-functional equipments like laptops etc. against fire, riot and strike, terrorist activity, theft, accident, any of which arising from any fortuitous cause.
  • Burglary and Housebreaking: Provides protection against the loss or damage to the building and/or contents due to the risks of burglary and/or housebreaking.
  • Business interruption (fire loss of profit): Provides cover against the loss of income following the loss or damage by standard fire and special perils.
  • Electrical and mechanical appliances: Protects electrical and mechanical appliances in the office premises against any accidental mechanical or electrical breakdown of such appliances.
  • Electronic Equipments: Protects electronic equipment’s in the office premises against any losses or damages caused by any unforeseen and sudden physical events.
  • Portable equipment: Covers the loss or damage to portable equipment’s like laptops by fire, riot and strike, theft or any accidental external means or from any fortuitous causes.
  • Money (money in transit /money in safe / money in counter): In business, transferring the money from one place to another often causes anxiety for everyone. Losses during-money in transit between the insured premises and specified bank and vice versa, money in safe, money in counter are covered.
  • Public liability: Any claims arising out of the third parties bodily injury or property damage occurring in your premises will be covered.
  • Personal accident: Covers you or your employees, in case of Accidental Death, Permanent Total Disablement, and Permanent Partial Disablement up to specified limits.
  • Neon sign / glow sign: Covers accidental damage to neon sign / glow sign by fire, lightening, external explosion, theft, riots, strike and natural calamities, accidental external means.
  • Fixed plate glass: Covers accidental damages to fixed plate glass, frames, and frameworks.
  • Baggage: Covers accidental damages to fixed plate glass, frames, and frameworks.
  • Infidelity / dishonesty of employee: Employees are our greatest assets. Yet you face instances where your employees cheat you. Any direct loss caused by acts of frauds committed by any salaried employee in the insured premises are covered.
  • Loss or damage caused by depreciation or wear and tear.
  • Consequential losses.
  • Loss or damage to property by pollution or contamination.
  • War and nuclear perils.
  • Please refer to the Policy Wordings for the complete coverages, exclusions and terms and conditions of the policy.

Contractors Plant & Machinery Insurance- CPM

CPM Insurance provides cover against accidental damage for construction plant and machinery employed at project sites.

The cover is not limited to a specific project site. A single policy can be issued to cover various locations in India, on anywhere India basis–Floater cover upon additional premium. It is not necessary to specify the location of each machinery.

It is operative at all the sites wherever the plant and machinery is in use.

A Contractor plant and machinery insurance policy protects your business from losses in such unwanted business scenarios

  • The policy broadly covers loss or damage to the contractor’s construction modile equipment such as bulldozers, cranes, excavators, compressors, etc., due to an Accident arising out of external perils.
  • The cover is operative while the insured property is at work or at rest, or being dismantled for the purpose of cleaning or overhauling, or during Subsequent re-erection.

The policy does not cover loss or damage due to:

  • Electrical or mechanical breakdown
  • Pre-existing defects
  • Defective lubrication or lack of oil or coolant
  • Any sort of damage for which the manufacturer or supplier is responsible
  • Any consequential loss
  • Loss or damage to vehicles used for general road use, unless working on the specified construction sit

Please refer to the Policy Wordings for the complete coverages, exclusions and terms and conditions of the policy.

Contractors All Risk

The Contractors All Risk policy is designed to cover the interest of civil contractors and Firms / Principals involved in construction activity, against the damage or destruction of various civil engineering projects undertaken by them. The policy is suitable for all types of civil engineering construction work ranging from small buildings to massive dams.

What does it cover ?

  • Fire & allied perils
  • Flood, storm
  • Tempest, cyclone
  • Earthquake
  • Fire & shock
  • Collapse
  • Water damage

Add on Cover

  • Surrounding property
  • Debris removal expenses
  • Third party liability
  • Escalation costs up to 50%
  • Air freight & express freight
  • Extended maintenance
  • Additional custom duty

What it does not cover / Exclusions

  • War and allied perils
  • Willful act or willful negligence
  • Nuclear perils
  • Loss discovered only at the time of taking an inventory
  • Wear and tear, gradual deterioration due to atmospheric conditions
  • Loss or damage due to faulty design
  • The cost of replacement, repair or rectification of defective material and / or workmanship

Please refer to the Policy Wordings for the complete coverages, exclusions and terms and conditions of the policy.