The Company agrees to indemnify the insured against a direct pecuniary loss sustained by reason of any act of fraud/dishonesty committed.
Under this policy only one individual is guaranteed per policy.
This option covers the entire staff or number of selected people. One policy is issued showing amount of guarantee against the name of each individual covered.
This cover is an extension of the collective policy, where the sum insured for the whole group is mentioned and not for an individual. The names of the group member with their designations are mentioned in the schedule of the policy. Each claim reduces the sum insured and has to be reinstated by paying extra premium.
The Policy schedule contains 'positions' rather than the names of individuals unlike in collective policy with the sum insured specified for each position. The liability for each position is limited to the amount of sum insured against each position irrespective of the number of people working in that position.
The insurance provides indemnity to the employer for financial loss sustained as a result of dishonesty, default, negligence, misappropriation, forgery, embezzlement, larceny or fraudulent conversion of money or goods of the employer committed by salaried employees in the course of performance of their duties.
The Policy does not cover any loss:
Cash in transit / cash in safe limit can be asked in special circumstances. Enhanced limit for special disbursement for bonus etc.
The Insurance Policy compensates the Insured in case of Accidental Death, Loss of limbs and eyes, Permanent Total Disablement and Permanent Partial Disablement.
The Sum Insured can be decided on the basis of earning capacity of the Insured Person.
The Premium chargeable for the policy depends on occupation of the Insured person and the Table of benefits availed.
The group Policy is eligible for group discount based on the size of the group. The group discount is slab-wise and increases with the size of the group.
we will pay a percentage of the admitted claim under other specified coverage towards the actual medical expenses necessarily and reasonably incurred for medical treatment within 100 weeks of its happening if the Insured or the insured person suffers injury during the period of insurance and provided such treatment is received from a qualified and registered medical practitioner.
In the event of the Insured or the insured person being confined in hospital for treatment of injury for which compensation is payable under this policy, a daily benefit is paid for such period of confinement subject to a maximum period of 30 days.
The Policy does not cover any loss:
Medical expenses following an accident
The Consequential Loss (fire) policy covers Loss of Gross Profit and/or increase in cost of working due to reduction in turnover/output due to operation of peril covered in the Standard Fire & Special Perils Policy. This policy offers a solution by covering profit lost due to reduction in turnover arising from interruption of business following damage to the property insured. This policy can be taken only in conjunction with Fire Policy or Machinery Breakdown policy. This policy is also known as Business Interruption Policy or Loss of Profit Policy.
Failure of Public utility of power/gas/water supply.
Shop Insurance is a comprehensive policy offered by ICICI Lombard General Insurance Company for your shop. It covers both the structure and its contents of your shop and protects you against financial loss in case of an unfortunate incident of fire, earthquake, fraud, burglary, etc. It also provides compensation of liability claims and accidental benefits.
Health Care costs are high and getting higher. Who will pay your bills if you have a serious accident or a major illness? Most of the times we are unprepared for these difficult times, emotionally, as well as financially. Bajaj Allianz's Health Guard Policy protects you and your family in case you need expensive medical care. It also offers you cashless benefit & medical reimbursement for hospitalization expenses.
Sum Insured generally depends on the company or the group for which insurance is taken. The Popular limits are between Rs 100,000/- to Rs 500,000/- and it can be taken as separate for each of the family members or as Floater sum insured for the whole family.