You can contact any agent of our company or an intermediary or other distribution channel or visit our companies’ website for information on this product including whether it is available online, call our call centre or contact our office near to You

In these products, under insurance is waived up to 15%, but beyond that under insurance is applicable to full extent.

Under the Standard Cover if we agree to pay Your claim for loss or damage to Insured Property, they will also pay for the following loss or damage and expenses.

1. Additions, alterations or extensions
2. Stocks on floater basis
3. Temporary removal of stocks
4. Cover for Specific Contents
5. Start Up Expenses
6. Professional fees
7. Cost of Removal of debris
8. Costs compelled by Municipal Regulations

1. Declaration Policy for Stocks: Cover for frequent fluctuations in stock/stock values on declaration basis.

We will pay Your claim if it is admissible under the terms and conditions of the Kshema Bharat Sookshma Udyam Suraksha Policy. A provision of ‘Excess’ applies to each claim, that means, you must bear for each claim ₹ 5000 (Rupees Five Thousand) and the policy will pay the remaining amount of admissible claim. For terrorism risk Excess will be as per the clause attached to the policy.

1. Fire, including due to its own fermentation, or natural heating or spontaneous combustion.
2. Explosion or Implosion.
3. Lightning.
4. Earthquake, volcanic eruption, or other convulsions of nature.
5. Storm, Cyclone, Typhoon, Tempest, Hurricane, Tornado, Tsunami, Flood and Inundation.
6. Subsidence of the land on which Your Premises stand, Landslide, Rockslide.
7. Bush Fire, Forest Fire, Jungle Fire.
8. Impact damage of any kind.
9. Missile testing operations.
10. Riot, Strikes, Malicious Damages.
11. Acts of terrorism.
12. Bursting or overflowing of water tanks, apparatus and pipes.
13. Leakage from automatic sprinkler installations.
14. Theft within 7 days from the occurrence of, and proximately caused by, any of the above Insured Events

1. For Building, Plant and Machinery, Furniture, Fixture and Fittings and any other contents: Reinstatement Value.
2. For Stocks:
   • For raw material: Landed Cost at Your Premises.
   • For stock in process: Input Cost of the stock at the time of damage.
   • For finished stock: the Manufacturing Cost of the Finished Stock or the Contract Price of goods sold but not delivered.

     Contract Price is in respect only of goods sold but not delivered, for which You are responsible and with regard to which under the conditions of the sale, the sale contract is cancelled by reason of any Damage insured under this Policy either wholly or to the extent of the Damage. The Company’s liability shall be based on the Contract Price.

3. Bullion or unset precious stones, any curios or works of art or obsolete machinery and the like are to be covered on Agreed Value basis subject to a valuation certificate being submitted and found acceptable by insurer.

Some events and losses are not covered. Some of these are:

• Your deliberate, wilful or intentional act,
• Loss, destruction or damage to stocks in cold storage due to change in temperature,
• War, invasion, war-like operations,
• ionising radiation,
• Pollution or contamination,
• Property is missing or has been mislaid,
• Consequential or indirect loss or damage,
• Costs, fees or expenses for preparing any claim,
• Insured premised or building remains unoccupied for more than 30 days,
• Bullion or unset precious stones, any curious or works of art unless specifically declared,
• Loss, damage or destruction to any electrical/electronic machine, apparatus, fixture, or fitting by over-running, excessive pressure, short circuiting, arcing, self-heating or leakage of electricity from whatever cause (lightning included). This exclusion applies only to the particular machine so lost, damaged or destroyed.

(*Please refer to policy document for complete list of exclusions)