Clause A. This policy and the coverage contract
- Your coverage: This Laghu commercial enterprise coverage package policy is a agreement
among You and Us as stated within the following:
i. This policy file;
ii. The policy agenda attached to this coverage record;
iii. Any Endorsement connected to and forming a part of this policy document;
iv. Any add-directly to this coverage that you can have bought from Us;
v. The proposals and all declarations made by means of You or on your behalf; - To whom this policy is issued and what it covers
i. This policy is issued to You and covers Your Insured property regarding
Your enterprise as stated within the policy agenda wherein the overall value
at threat across all Insurable Asset instructions at one region is exceeding ₹ five
Crore (Rupees 5 Crore) however no longer exceeding ₹ 50 Crore (Rupees Fifty
Crore) on the coverage graduation Date.
supplied, if the fee at chance for all Insurable belongings either exceeds ₹ 50
Crore or reduces under ₹ 5 Crore at some point of the coverage length, this coverage shall,
on expiry, be replaced via the applicable coverage.
ii. If more than one character is insured underneath this policy, every of You is a joint
policyholder. Any note or letter We give to any of you will be considered
as given to all of You. Any request, announcement, representation, declare or
motion of anyone of you’ll bind all of You as though made by means of all ofYou.
iii. when you have mortgaged, pledged or hypothecated any Insured property with
a bank, the coverage time table will display an ‘Agreed bank Clause’ and the
call of such bank. The terms and situations of this association can be
delivered to this policy as an additional Clause. - The coverage schedule: The policy schedule is an important record approximately
Your coverage cowl. It indicates:
i. Your personal details,
ii. the policy lengt iii. the description of Your Insured Property,
iv. the overall Sum Insured, the Sum Insured for every cowl, or for every block,
set or class of Insured property, and its limits and sub-limits foreach
and every vicinity,
v. the coverage covers you have got purchased,
vi. the premium you have paid for these insurance covers,
vii. add-on covers opted through You,
viii. other vital and relevant factors and statistics.
4 :- unique Meanings of positive phrases: words stated within the table under have a
unique which means all through this coverage, the coverage schedule andEndorsements.
those phrases with unique that means are stated within the policy with the primary letter in
capitals.
Words precise that means
coincidence way a fortuitous occasion or circumstance that’s sudden, unexpected and accidental along with resultant, non-stop, intermittent or repeated
publicity springing up out of the same fortuitous event or circumstance accidental manner a fortuitous event or condition that is surprising, unexpected and unintended Agreed cost An quantity agreed among You and Us on the policy commencement Date for gadgets the price of which can’t be ascertained.
permitted worker means an employee of the Insured who’s particularly entrusted with cash In Transit.
bank A financial institution or any financial group
building Any constructing or shape in your Premises, wherein You carry on Your enterprise.
It consists of:
a. Basement (if any), all furniture and fittings
completely connected to the floor, walls or roof like
electrical wiring, antennas and many others.
b. the subsequent ‘additional structures’ located on
Your Premises and used on your commercial enterprise, that are proven inside the policy time table:
i. garage, out-houses, security sheds, towers,
verandah or porch, tanks, compound walls,
maintaining walls, fences, gates and inner
roads,
ii. lifts, hoists,
iii Sun Panels, wind generators and air
conditioning structures, vital heating
systems, safety structures and cameras,
electrical installations, hearth alarm, fire sprinkler
systems, energy strains, power installations,
iv. water, gasoline and sewage pipeline within Your
premises or
v. some other structure shown within the policy
agenda.
business Your commercial organization, alternate or profession as
proven in the policy time table.
commercial enterprise Hours manner the ordinary buying and selling hours or whilst the
insured or their legal employees are at the
Premises for the purposes of the enterprise.
Declare method a declare under the Operative part of this segment in respect of an insured occasion that has taken area.
Computer systems suggest digital records processing gadget
consisting of software programs.
graduation Date it’s miles the date and time from which the insurance
cover below this policy starts offevolved. it’s miles shown in the policy time table.
Contents the ones articles or matters in your Premises which are no longer completely attached or constant to the shape of Your Premises.
harm manner real and/or physical damage to tangible
assets.
Files imply written or published: deeds, wills, agreements,
manuscripts, maps, plans, drawings, statistics,
laptop records, designs, books of account, books,
letters, certificates, files or forms of any
nature by any means (except for any bearer bonds or
coupons, bank or forex notes, different negotiable
contraptions, ebook debts) all belonging to the
Insured, or in their custody, or for which the Insured
is legally responsible or have assumed a
duty to insure.
Dishonesty manner breach of religion on the part of the employee
ensuing in pecuniary loss to the corporation which
outcomes from such breach of religion on the a part of the worker.
employment is of a casual nature and who’s
hired otherwise than for the functions of the
Insured’s exchange or commercial enterprise) who has entered into
a contract of employment with Insured whether or not
such settlement of employment is expressed or
implied, oral or in writing.
ERNAKULAM – Ms. Poonam Bodra
Office of the Insurance Ombudsman,
2nd Floor, Pulinat Bldg.,
Opp. Cochin Shipyard, M. G. Road,
Ernakulam – 682 015.
Tel.: 0484 – 2358759 / 2359338
Fax: 0484 – 2359336
Email:
bimalokpal.ernakulam@ecoi.co.in
Kerala, UT of (a) Lakshadweep, (b)
Mahe-a part of UT of Pondicherry.
KOLKATA – Shri P. K. Rath
Office of the Insurance Ombudsman,
Hindustan Bldg. Annexe, 4th Floor,
4, C.R. Avenue,
KOLKATA – 700 072.
Tel.: 033 – 22124339 / 22124340
Fax : 033 – 22124341
Email: bimalokpal.kolkata@ecoi.co.in
West Bengal,
Sikkim,
UT of Andaman & Nicobar Islands.
LUCKNOW -Shri Justice Anil Kumar
Srvastava
Office of the Insurance Ombudsman,
6th Floor, Jeevan Bhawan, Phase-II,
Nawal Kishore Road, Hazratganj,
Lucknow – 226 001.
Tel.: 0522 – 2231330 / 2231331
Fax: 0522 – 2231310
Email: bimalokpal.lucknow@ecoi.co.in
Districts of Uttar Pradesh :
Laitpur, Jhansi, Mahoba,
Hamirpur, Banda, Chitrakoot,
Allahabad, Mirzapur, Sonbhabdra,
Fatehpur, Pratapgarh,
Jaunpur,Varanasi, Gazipur,
Jalaun, Kanpur, Lucknow, Unnao,
Sitapur, Lakhimpur, Bahraich,
Barabanki, Raebareli, Sravasti,
Gonda, Faizabad, Amethi,
Kaushambi, Balrampur, Basti,
Ambedkarnagar, Sultanpur,
Maharajgang, Santkabirnagar,
Azamgarh, Kushinagar, Gorkhpur,
Deoria, Mau, Ghazipur, Chandauli,
Ballia, Sidharathnagar.