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Salient Feature
Building and contents of a small shopkeeper are covered under this insurance. It covers a number of risks under single policy.
Scope of Cover
Section 1: Fire & Allied Perils
This covers loss of or damage to
(a) building and
(b) contents by fire & allied perils.
The maximum S.I. under Section 1 is Rs.10 Lacs. If S.I. exceeds Rs.10 Lacs, usual Fire policy A/B must be issued for the full amount.
Rate of Premium : 2.25 per mille.
Section II: Burglary & Housebreaking
This covers all contents in the premises against the above risks.
The Sum Insured under this section should be the same as the Sum Insured under Section 1 (b).
Rate of Premium : Rs. 2.50 per,mille.
Section III : Money Insurance
This covers loss of money whilst in transit and whilst contained in a safe/steel cupboard/cash box under lock and key in the Insured premises.
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Rate of premium |
| a) In transit (not exceeding
Rs.50,000 per any one
Carrying) between two
Places within a radius of
15 miles from Insured
premises. |
Rs.2.55 per mille |
| b) In safe/steel cupboard/cash
box kept under lock/key
(2% of the Sum Insured
under section 1 or Rs.20,000/-
whichever is less) |
Rs.2.55 per mille |
| c) In counter (1% of the Sum
Insured under section 1 or
Rs.10,000 whichever is less) |
Rs.2.55 per mille |
Section IV : Pedal cycle
This cover pedal cycle against loss or damage by fire & allied perils, burglary/housebreaking and accidental external means.
Legal liability upto a limit of Rs.10,000
Rate of Premium : Rs.20.05 per mille.
Franchise : Rs.10/- of each and every loss due to accident. If the loss or damage exceeds Rs.10/- the full claim is payable.
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 Top Providers |
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ICICI Prudential Life |
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SBI Life Insurance |
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Life Insurance Corp. |
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Bajaj Allianz Insurance |
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United India Insurance |
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