Bimadhan - Understanding your needs - Insurance, Mutual Funds, Loans, Small Savings, Life Insurance, Astrology, Numerology

Insurance is not merely an investment to save taxes. It’s a lot more. Whether it’s about the Financial security for your family or having that protection cover when life springs up unpleasant surprises or even taking care of the educational needs of your loved ones – There’s nothing that can beat Insurance. Unlike other avenues, Insurance gives you the much needed all round protection throughout life.

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Burglary

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This insurance policy provides protection to the insured party's assets and property, such as

Property contained in business premises, stocks owned or held in trust or commission.
Premises.
Cash, valuables, securities (locked in a safe or cash box or strong cupboard).

Suitable for...

This insurance policy is suitable for every individual who is exposed to the risk of burglary or is liable for goods held in trust/ commission.

Risks Covered

This insurance policy covers all contingencies arising out of actual loss/ damage to the insured property caused by burglary/ housebreaking as well damages caused to the premises by the burglars during burglary or attempts at burglary.

Compensation Offered

This insurance policy will pay for any contingencies arising out of actual loss/ damage to the insured property caused by burglary/ housebreaking, subject to the Capital Sum Insured.

If the sum insured proves inadequate, then the policy pays only a proportionate amount.

Exclusions

The insurance policy will never pay for any loss or damage

To goods in trust/ commission, jewellery, curios, title deeds and books of business unless specifically insured.
Owing to shoplifting acts involving the insured, his family or his employee.
Recoverable under Fire insurance or Plate Glass insurance policies.
Due to war or nuclear perils, riots or strikes, allied perils

By abstraction from a safe using a key or a duplicate, unless it was obtained using violent threats. Fluctuating stocks can be covered under a "Declaration Policy" while bulk of stock or heavy items can be covered on a "First Loss Basis"

For latest update please click here:

http://www.nationalinsuranceindia.com/

FAQ'S

Visit our FAQs section which helps you answer those little questions related to your policy.

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