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Kshema Shop Insurance Policy

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The Kshema Shop Insurance Policy offers comprehensive protection to shops and commercial establishments against losses arising from fire, burglary, and other unforeseen risks.

  • Tailored for small shops, commercial outlets, and service establishments
  • Affordable premiums with comprehensive coverage
  • Protect your buildings, stock-in-trade, equipment, and business contents
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Policy documents
Illustration showing Kshema shop insurance policy related to insurance coverage

Why Choose Kshema Shop Insurance Policy?

Tailored for Small & Medium Businesses

Tailored for commercial premises such as commercial premises, shops, godowns, hotels, etc.

Covers Both Structure and Contents

Includes building (if owned), stock-in-trade, furniture, fixtures, equipment, and more.

Quick & Hassle-Free Claims

A seamless claims process for your convenience.

Protect your assets from

Illustration showing robbery or holdup related to insurance coverage
Robbery or Holdup
Illustration showing burglary related to insurance coverage
Burglary
Housebreaking
Housebreaking
Shop Fire
Fire

Policy Documents

1. Prospectus
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2. Proposal Form
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3. Policy Wordings
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4. Customer Information Sheet
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5. FAQ's
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Frequently Asked Questions

1. How can I apply for the insurance?
You can apply through Kshema website/Kshema app from your registered mobile number
If you are using an Android mobile phone, go to the Play Store, type “Kshema app”, select and download to install. Register on the app.
This Policy can be bought by Entities such as Commercial Premises, Shops, Hotel, Godowns etc.
Kshema shop insurance policy covers your shop and its contents. It offers financial compensation if your shop or its contents are damaged by natural or man-made events.
Building, Plant, Machinery and Equipment, Furniture, Fixture, and Fittings, Stock and Sock in trade and other assets.
1. Fire: Covers damage from fire, excluding:
  • Damage from fermentation, natural heating, or spontaneous combustion.
  • Damage from heating or drying processes.
  • Damage caused by public authority orders to burn property.
2. Property Loss or Damage: Covers loss, destruction, or damage to the property listed in the policy schedule due to:
  • Burglary
  • Housebreaking or Robbery or Holdup.
3. Damage to Premises: Covers damage to the insured premises resulting from:
  • Burglary
  • Housebreaking
Limitations: The company’s liability is limited to the sum insured for each item as stated in the policy schedule or the total sum insured under the policy. In essence, the policy covers damage or loss to property caused by specific criminal activities and any damage to the premises resulting from such activities. Note: Coverage is limited to the sum insured as stated in the policy.
The premium you pay is determined by factors such as the policy’s sum insured and coverage. If your shop operates in a high-risk business, you will incur a higher premium.
There are No Add-On Covers available under this Policy.
9. What is the different basis on which Sum Insured can be Opted?
Market Value Basis: This value considers depreciation due to age, usage and condition. Sum Insured on Market Value Basis shall represent the Replacement Value of similar Property less depreciation for age, usage and condition. Please Note: Market value for Stocks means the Procurement Value of Stocks from the same or similar source with suitable increase for inflation, if any.
Reinstatement Value Basis: This value means the value of similar new property without considering depreciation due to age/wear and tear. Sum Insured on Reinstatement Basis shall represent the Replacement Value of the Insured Property by a New Property of same kind, type and capacity without deducting depreciation for age, usage and condition. Please Note: Sum Insured for Stock cannot be on Replacement Value Basis.
Deductible is the part of the claim that is to be first paid by you, and we are liable to pay the remaining part of the claim.
Based on filled proposal form and information furnished, we will provide you with the premium amount.
Yes, Mid-term increase in sum insured shall be allowed on payment of additional premium on Pro Rata Basis.
If an accident occurs, you must promptly inform us by calling our 24-hour Customer Care on 1800 572 3013 or you can email us on customer.support@kshema.co, supply all required information and documentation, and adhere to the claims process detailed in your policy documents.
Yes, you can buy Kshema Shop Insurance Policy Online. Simply visit Kshema General Insurance Website compare available plans and chose the one that fits your needs.
Getting insurance for your shop isn’t mandatory, but it’s a good idea. This ensures your shop, and its contents are always protected and covered in unforeseen circumstances, reducing risks and potential losses for your business.
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  • Coverage for homes, shops, and small businesses.
  • Policies that safeguard against fire, lightning, and allied perils.
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