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a) Building
b) Contents
This covers loss of or damage to the building/contents by
fire & allied perils, such as riot, strike, lightning, explosion, flood,
cyclone, inundation earth quake etc. (for further details please contact
nearest office)
Rate of Premium : Rs. 0.50 per mille.
This covers all
contents in the
premises against the above risks. The Sum Insured on contents under this section as well as
Section I will be the same.
Rate of Premium : Rs. 2.40 per mille.
This
covers loss or damage to jewellery & valuables caused by accident whilst
anywhere in India.
Recent invoice/receipt or valuation Certificate should be obtained for items
valued at more than
Rs.5000/- each.
Rate of Premium : Rs.10.05 per mille.
This covers loss of or damage to fixed plate glass in the
insured premises by accidental breakage.
Rate of Premium :
Rs. 10.05 per mille.
This Section Covers Loss or damage to domestic appliances
caused by mechanical
and/or electrical breakdown. Sum
Insured in respect of each item should be its new replacement value.
Excess : One
percent of the Sum Insured in respect of each domestic appliance
separately or Rs.50/-
whichever is higher.
Rate of premium : Rs.2.50 per mille.
This covers :
a) loss of or damage to the television apparatus and VCR/VCP
in insured premises by fire and allied perils, burglary and/or housebreaking Or theft, accidental
external means and mechanical or electrical breakdown.
b) Legal liability up to a limit of Rs.25,000/-
c) Damage to Insured’s property caused by breakage of the
antenna fittings up to a limit of Rs.3,000/-.
Rate of Premium :
Rs.10.05 per mille.
This covers :
a) loss of or damage to pedal cycle belonging to Insured by Fire and allied perils,
burglary, housebreaking or theft and accidental external means.
b) Legal liability upto a limit of Rs.10,000/-
Rate of
premium : Rs.20.05 per mille.
Franchise : Rs.10/-
of each and every loss due to accident, i.e. if the loss or damage exceeds
Rs.10/- the full claim is payable.
This covers loss or
damage to Insured’s accompanied
baggage by accident or
misfortune whilst the Insured is on tour or holiday anywhere in India.
Rate of Premium
: Rs.7.55 per mille.
Section IX : Personal Accident
The Insured, his spouse and his children, all between the
age of 5 and 70 years can be covered under
this section.
The insurance covers death, permanent total disablement,
permanent partial disablement and Temporary total disablement.
Additional Benefits :
1. Expenses incurred for carriage of dead body of Insured
(death due to accident only) to place of
residence subject to a
maximum of 2% of Capital Sum Insured of Rs.1,000/- whichever is lower.
2. Medical expenses arising out of an accident up to 10% of
Capital Sum Insured or 40% of the admissible claim whichever is lower against
an additional Premium of 20% of basic Premium.
Rate of premium : Ranging from Rs. 0.40 to Rs.3.00
per mille (for details Please refer Policy literature for our Personal Accident Policy).
Section X : Public
Liability
a) The Insured is indemnified in
respect of legal
liability up to a limit of Rs.25,000/-
b) The Insured is indemnified against the compensation
to his employees that he becomes legally liable to pay under the Workmen’s
Compensation Act 1923, Fatal Accidents Act, 1855 or at Common Law in respect
of death of or bodily injury to such employees arising out of and in the
course of employment.
Rate of Premium : Public
liability - 0.50 per
mille.
Workmen’s compensation - as per Workmen Compensation
tariff.
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The minimum premium for Section I is Rs.10/- and for other Sections Rs.5/- each.
Section I-b is compulsory and out of the remaining nine
sections, any two should
be opted for as minimum requirement.
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1. Where more than 4 and up to 15% of non-tariff
6
sections (including
tariff premium only.
Rated sections) are availed.
2. Where more than 6
sections 20% on non-tariff
(including tariff rated premium only.
Sections) are availed.
( Section I and Section X are the tariff sections)
5% Service Tax shall be charged on final premium.
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