1. ALL RISK FOR JEWELLERY
The All Risk Insurance covers jewellery and valuables to the extent of the intrinsic value of the property of the Insured or member(s) of his family, so lost, destroyed or damaged, by Fire, Riot and Strike, Theft or Accident, from any fortuitous cause, anytime during the period of this Insurance
It covers loss or damage to the property by any means excluding the perils as stated in the policy as exclusions. Important Exclusions:
a. Terrorism
b. Due to breakage or scratching of crockery, china glass, marble, earthenware, sculpture, curios, pictures, musical instruments, sports, gear and articles of a brittle or fragile nature unless caused by fire.
c. Due to mechanical derangement of cameras, lenses, binoculars, typewriters or wireless sets and the like.
d. Arising through delay, detention o confiscation by customs or other officials.
e. Loss or damage to Money, securities, cash or notes, travel tickets or coupons, travellers cheques or letters of credit, bonds, securities or documents or documents of any kind.
f. War and allied perils, terrorism damages &Nuclear risks. g. Applicable Excess.
Important Provisions: 1. Single Article Limit: Unless specifically and separately stated , the Company’s liability in respect of each article or pairs of articles shall not exceed 5% of the total sum insured under this policy.
2. Articles in Pairs Or Sets: where any item insured hereunder consists of articles in pair or set, the Company’s liability in respect thereof shall not exceed the value of any particular part or parts which may be lost or damaged without reference to any special value which such article or articles may have as part of such pair or set nor more than a proportionate part of the insured value of the pair or set.
2. PERSONAL ACCIDENT INSURANCE
- Personal Accident insurance or PA insurance is an annual policy which provides compensation in the event of injuries, disability or death caused solely by violent, accidental, external and visible events.
- You can either take a PA policy for yourself or a group policy for your family, protecting you and them anywhere in the world, anytime of the day. PA insurance provides 24-hour worldwide insurance protection
- Age limit – 5 to 70 years. Max. upto 80 years with loading . Medical examination not required.
Basic covers under Personal Accident Insurance are
- Death
- Permanent Total Disablement
- Permanent Partial Disablement
- Temporary Total Disablement
- Medical expenses for treatment of accidental
- injury
3. BURGLARY INSURANCE
A) BURGLARY (Private Premises) INSURANCE
SCOPE OF COVER: This insurance policy provides cover against loss or damage by burglary or house breaking & theft in respect of contents of the premises with the following:- a) Total contents are to be insured for their full value. b) Jewellery & Valuables Sum Insured should not be more than 1/3rd of the total value. c) Jewellery and valuables single article value should not be more than 5% of total Sum Insured. d) Policy with set & pair clause
General Exclusions- Deeds, bonds, bills of exchange, promissory notes, cheques, securities, money, stamps, documents of any kind, manuscript,, medal and other similar articles.
B) BURGLARY (Business Premises) INSURANCE
SCOPE OF COVER: This insurance policy provides cover against loss or damage by burglary or house breaking (ie theft following an actual forcible and violent entry of and/or exit from the premises) in respect of contents of offices, warehouses, shops etc and cash in safe or strong room and also damage caused to the premises with the following:- a) Any loss of or damage to property or any part thereof whilst contained in the premises described in the schedule hereto due to Burglary or House breaking (theft following upon an actual forcible and violent entry of and/or exit from the premises). b) Damage caused to the premises to be made good by the insured resulting from burglary and/or house breaking or any attempt threat any time during the period of insurance.
4. HEALTH INSURANCE
MEDICLAIM
Mediclaim Policies (i.e. except named disease Policies like Cancer Policy etc) provide coverage against expenses for Hospitalization (or in some cases, domiciliary hospitalization) within India for illness suffered or injury sustained during the Policy Period.
The indemnifiable expenses are :
Hospital/Nursing Home charge
- Fees of Surgeon, Anesthetist, Physicians, Consulting Specialist etc.
- Nursing Expenses
- Charges of Blood, Oxygen, Operation Theatre, Medicines, Pathological Expenses, Dialysis, X-Ray, ECG and other tests etc.
- Cost of Pacemaker, Artificial Limbs etc. Tests/Treatments during pre-define period of pre- and post-hospitalization. A typical example of this period is 30 and 60 days respectively, but it may vary from Policy to Policy.
5. OVERSEAS MEDICLAIM POLICY
Overseas Mediclaim policy provides indemnity in respect of expenses incurred towards medical treatment for illness, diseases, contracted or injury sustained during overseas travel and which is primarily in the nature of an emergency. The policy is not a general health insurance cover and is intended for use of the insured person in the event of a sudden and unexpected sickness or accident arising when the insurance outside India.
Who can take the policy ? Citizens of India, Nepal, Bhutan or Non Indian citizen, resident in India, Nepal, Bhutan who are undertaking bonafide trips outside India, Nepal, Bhutan for business and official purpose and holiday travel. Persons accompanying the insured person (going on ) official / business purpose can also be covered.