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Suggestive Insurance Polices

Standard Fire and special perils Policy
This policy covers the loss or damage arising out of fire and allied perils to the Building, furniture, fixtures, fittings, Plant & machinery, electronic equipment, stocks and other contents in the premises of the hospital and the office building, staff and nursing quarters, Equipments, Plant & Machinery in the operation theatre, laboratories, kitchen and staff quarters.

Burglary and Housebreaking (Business premises) Policy
This policy covers loss or damage to property like stock, plant and machinery, furniture, fixtures, fittings, cash or valuables in strong-rooms or safes by theft following burglary (felonious entry or exit from the premises by violent and forcible means). This policy can be taken for Pharmacy and drugs, Theatre and Lab equipments.

Loss of Profit(Fire) Insurance
This policy is suitable for the Hospitals for whom business interruption would mean heavy monetary loss in view of huge fixed costs. This policy provides cover for expenses and increased cost of working as a result of business interruption following a loss covered under the fire policy. Insurance cover can be taken for the maximum period of the anticipated interruption in the event of loss.

Machinery Breakdown Policy
This policy is suitable for machines like D.G. sets, air conditioners, counting machines, refrigerator, motors, transformers and other allied machinery used in the organization that has a possibility of electrical and mechanical breakdown. Monetary costs involved for restoration of machine to its original state are covered by this policy subject to certain conditions.

Loss of Profit (Machinery Breakdown) Policy
This policy is suitable where interruptions or delays as a result of machinery breakdown result in huge consequential losses. Where the time lag between the breakdown or loss and the restoration is large, this policy compensates for the loss of profits during the intervening period.

Electronic equipment Policy
This is an all risk policy, which covers electronic equipment like computers, UPS, Audio video equipment, printer, faxes, medical equipment and other electronic/microprocessor equipment used in the hospital/diagnostic lab/office.

Plate Glass Insurance
This policy covers all kinds of accidental breakages of fixed plate glass like window glasses, show room glasses, etc. Replacement cost of damaged glass or sum insured whichever is lower, is paid.

Money Insurance
This policy provides cover against loss of money in transit, by the insured or Insured's authorized employee(s) occasioned by robbery, theft or any other fortuitous cause. It also covers loss by burglary of house breaking whilst money is retained at Insured's premises, in safe(s) or strong room. Organizations can take this policy while in transit from one branch to other branch or while in transit.

Fidelity Guarantee Insurance
This policy reimburses for direct pecuniary loss due to all acts of fraud or dishonesty or forgery or embezzlement committed by any of the Insured's employees in connection with his/her occupation during the uninterrupted continuance of employment.

Group Personal Accident Policy
This policy covers accidental death or bodily injury caused solely by violent, external and visible means or loss resulting from bodily injuries caused by an accident.

Group Mediclaim Policy
This policy covers Group/Association/Institution/Corporate Body of more than 50 persons provided it has a central administration point. The policy covers Pre and Post Hospitalization expenses, it can cover all pre existing diseases and maternity as well for illness/diseases contracted or injury sustained.

Professional Indemnity Insurance (for doctors and other medical professionals, Architects, Engineers, Advisers, Advocates, Consultants, CA etc.)
The policy covers all sums, which the insured professional becomes legally liable to pay as damages to third party in respect of any error and/or omission on his/her part committed whilst rendering professional service. Legal cost and expenses incurred in defense of the case, with the prior consent of the insurance company, are also payable, subject to the overall limit of indemnity selected.

Public liability Insurance for medium and large industry.
This policy is suitable for organizations exposed to liability arising out of accidents in the course of their business operations, like Compensation for accidental death, bodily injury or disease to third parties, Damage to or loss of property belonging to third parties arising out of an accident, including legal costs incurred with the prior consent of the insurer, and Legal and civil liabilities of the directors and officers of the company.

Directors and Officers Liability Insurance
This policy covers the Legal liability of Directors and Officers of a company holding positions of trust and responsibility to pay damages to the students, shareholders, employees, creditors, etc. of the company for wrongful acts committed by them in the supervision and management of the affairs of the company. General Exclusions to the policy are Dishonest fraudulent criminal or malicious act, Personal guarantee, Libel and slander and damage to property, Pollution damage, and Violation of any Law.

Motor vehicle Policy
All motor vehicles registered under Motor vehicle act and move on the road or public places has to be covered under motor vehicle insurance.

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