Property
- Fire and Perils insurance
This policy normally covers the property insured against losses/damages arising due to fire, lightning , earthquake, storm or tempest, flood, and aircraft damamge and other named perils.
- Property All Risks insurance
The Property All Risks Insurance Policy offers wider coverage than Fire and Allied Perils Policy by covering accidental physical loss of or damage to the Property Insured
- Business Interruption insurance
A form of insurance coverage that replaces business income lost as a result of an event that interrupts the operations of the business, such as fire or a natural disaster
- Sabotage & Terrorism insurance
The policy covers physical loss or damage to building and contents which belong to the insured directly caused by Act of terrorism, Sabotage, Riots, strikes and/or civil commotion and Malicious damage
Engineering
- Contractors All Risk (CAR) insurance
This is an ‘All Risk’ policy covering sudden and unforeseen physical damage to contract works under construction insured by any cause or peril not specifically excluded under the policy
- Erection All Risks (EAR) insurance
This is an ‘All Risk’ policy covering sudden and unforeseen physical damage to projects under erection insured by any cause or peril not specifically excluded under the policy and resulting during the course of Erection, Storage, Testing, and Commissioning
- Machinery Breakdown insurance
This policy covers the unforeseen and sudden accidental physical damage to insured machinery, plant and equipment while at work / rest and whilst being dismantled or removed or re-erected, within the same premises. It also covers loss or damage due to faulty operation, adjustment, casting, vibration, entry of foreign objects, loosening of parts, self-heating, and centrifugal force
- Electronic Equipment insurance
The policy provides coverage against unforeseen and sudden physical loss or damage to the electronic equipment and data media that occurs owing to perils other than those specifically excluded
- Contractors Plant All Risks Insurance
This is an ‘All Risk’ policy covering sudden and unforeseen physical damage to machinery insured by any cause or peril not specifically excluded under the policy
- Deterioration of Stock insurance
This policy provides cover for loss of or damage by deterioration or putrefaction to goods stored in any cold storage space specified. Deterioration caused by a rise or fall in temperature due to breakdown or accidental damage to the refrigeration, failure of the public electricity supply, action of escaping refrigerant fumes.
- Advance Loss of Profit Insurance and Delay in Startup insurance
Policy covers the actual loss of gross profit incurred during the period of delay, commencing from the scheduled date of commencement of commercial operation upto the actual date of commencement of commercial operation subject to a time excess and indemnity period selected. The delay, however should have occurred due to a claim payable under marine -cum- erection policy, storage-cum -erection policy or contractor’s all risk policy
General Accident
- Money insurance
This insurance policy will provide indemnity following the theft or loss of money whilst in Transit, on the Premises during business hours and outside business hours, on the Premises whilst contained in a Locked Safe or Strongroom, at an Authorised Person’s residence and damage to Safes and Strongrooms
- Fidelity insurance
This Insurance is a form of insurance protection that covers policyholders for losses that they incur as a result of fraudulent acts by specified individuals. It usually insures a business for losses caused by the dishonest acts of its employees
- Plate Glass insurance
This Policy indemnifies the Insured in respect of any Accidental loss of or damage caused to Plate Glass at the Insured Premises occurring during the Policy Period and the cost of erecting any temporary boarding necessitated by such loss or damage to Plate Glass
- Bankers Blanket insurance
Package policy designed specially to cover the risks related to banking sector.
- Group Personal Accident insurance
Group Personal Accident insurance provides for death, permanent and temporary disability benefits to employees as a result of accident during policy period. It is designed to improve the welfare of employees as well as reduce the financial strain on the organization in the event of accident, death or bodily injury to a member of staff.
- Group Travel Insurance
Travel Insurance offers insurance plans designed to cover travelers worldwide. Plans can include valuable medical coverage, trip interruption, emergency travel services and more.
Liability
- Public Liability insurance
Public liability insurance covers the legal liability claims against Insured by the third party that arising out of the business activities
- Product Liability Insurance
Product liability insurance covers the cost of compensating anyone who is injured by a faulty product that your business designs, manufactures or supplies
- Workmen’s Compensation Insurance
This is an insurance program that provides compensation to employees who suffer job-related injuries and illnesses. In general, an employee with a work-related illness or injury can get workers’ compensation benefits regardless of who was at fault — the employee, the employer, a coworker, a customer, or some other third party
- Employers Liability Insurance
“Employers’ liability insurance covers the cost of compensating employees who are injured at or become ill through work
- Professional Indemnity Insurance
“Professional indemnity insurance covers the cost of compensating clients for loss or damage resulting from negligent services or advice provided by a business or an individual
- Directors & Officers Liability Insurance
“D&O insurance covers the cost of compensation claims made against business’s directors and key managers (officers) for alleged wrongful acts
- Hauliers Liability Insurance
This insurance is designed to cover the liability of Carriers of cargo (Bailees) against the Liability towards cargo being carried and Liability towards public (both bodily injury and property damage) arising from the operation
Marine
- Marine Cargo insurance
Cargo insurance (also known as marine, shipping or freight insurance) covers the loss, damage or theft of commodities while in transit
- Marine Hull Insurance
Marine Hull Insurance covers physical loss or damage to the hull and machinery which constitute the ship itself
Medical & Life
- Medical insurance
A coverage that pays for medical and surgical expenses that are incurred by the insured. Health insurance can either reimburse the insured for expenses incurred from illness or injury or pay the care provider directly. Health insurance is often included in employer benefit packages as a means of enticing quality employees.
- Group Life Assurance
An additional coverage offered by the employer to their employee over and above the current remuneration package. It helps in attracting skilled professionals to the organization. Employees feel a sense of security working with such organizations thereby increasing productivity. Employees tend to be loyal and hence are reluctant to switch jobs resulting in increased retention ratio.
- Credit Life Assurance
A coverage that us opted by Banks and Financial Institutions designed to pay off a borrower’s debt if that borrower dies. The face value of a credit life insurance policy decreases proportionately with an outstanding loan amount as the loan is paid off over time until both reach zero value.