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General Insurance FINISHED

Published on January 2017 | Categories: Documents | Downloads: 7 | Comments: 0




Standard Fire and Special Perils Policy

Scope of Cover Life is full of unexpected events and not all of them are pleasant. Natural calamities such as an earthquake, avalanche, storm or fire can put human life and property at risk. Bajaj Allianz offers the Fire policy, which will support you in such trying times. This policy safeguards you against the losses that can arise due to a fire or risks that are stated below:What does Bajaj Allianz Fire policy cover? This Policy may cover various assets such as Building, Plant & Machinery, Stock, and Furniture, Fixtures against loss or damage due to:  Fire  Lightning  Explosion/Implosion  Aircraft Damage  Riot, Strike, Malicious Damages & Terrorism  Storm, Tempest, Cyclone, Typhoon, Hurricane, Tornodo, flood, inundation,  Impact damage  Subsidence, Landslide and Rock slide  Missile Testing operations  Bush Fire  Bursting and/or overflowing of Water Tanks, Apparatus and Pipes  Leakage from Automatic Sprinkler Installations What additional covers does this policy offer ? Further, on payment of additional premium, the following additional coverage may be selected: Architects, Surveyors & Consulting Engineers fees (in excess of the provisions of the standard policy)  Debris Removal (in excess of the provisions of the standard policy)  Forest Fire  Impact Damage by your own vehicles etc.  Spontaneous combustion  Omission to insure Additions, Alterations or Extensions  Earthquake (Fire & Shock)  Spoilage Material Damage Cover  Leakage & Contamination Cover  Loss of Rent  Alternative Accommodation

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Start Up Expenses Terrorism Cover Deterioration of Stocks

What is not covered under this policy ? The Excess amount under the policy: Sum Inured upto 10 cr per location - Non AOG Perils- Flat Rs 10,000 ; AOG Perils- 5% of claim amount subject to a minimum of Rs 10,000. Sum Insured above 10 cr for this location- Non AOG Perils- 5% of claim amount subject to a minimum of Rs 10,000 ; AOG Peril - 5% of claim amount subject to a minimum of Rs 25,000.  War and war like perils  Nuclear risks  Pollution or contamination even caused by insured perils  High value items like gold, cash unless specified  Stock inside the Cold Storage  Damage to equipment caused by electrical short circuit. However subsequent damages arising out of such fire is covered  Expenses incurred towards Architects, Surveyor's & Consulting Engineer's fees in excess of 3% of claim amount  Expenses incurred towards removal of debris in excess of 1% of claim amount  Loss of earnings, markets, loss by delay, any other consequential losses  Spoilage of material due to stoppage even though stoppage may be due to operation of perils insured  Loss by theft during or after the occurrence of any loss / peril  Earthquake, volcanic eruption  Property not in the premises or removal of property to any other premises except machinery sent for repairs / cleaning for a period of 60 days

Basis of fixation of Sum insured:Your assets may be insured on the basis of their depreciated cost (Market Value) or, for full replacement cost. In order to get full protection, insurance on reinstatement (replacement) basis is recommended. However Stock should only be covered on Market Value basis. If you sustain a loss under the policy, the Sum Insured can be reinstated for the remaining period of the Policy.


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Get your two-wheeler insurance or insurance renewal in easy steps. Cashless claims at over 1500 preferred garages. Receive 75% on account payment when cashless facility is not available. Transfer up to 50% of your existing No Claim Bonus from any insurance provider. Avail of our 24x7 telephonic service for claims support and other assistance, even on holidays. Towing facility in an event of a breakdown/accident. Instant claims assistance and SMS updates on your motor claim status through our 24x7 call-centers. Bajaj Allianz's preferred workshops give you access to hassle-free inspection and bring to you high service standards. 0% interest EMI option available on payment through Citibank Credit Card.


Loss or damage to your two-wheeler against natural calamities Fire, explosion, self-ignition or lightning, earthquake, flood, typhoon, hurricane, storm, tempest, inundation, cyclone, hailstorm, frost, landslide and rockslide. Loss or damage to your two-wheeler against man-made calamities Burglary, theft, riot, strike, malicious act, accident by external means, terrorist activity, any damage in transit by road, rail, inland waterway, lift, elevator or air. Personal Accident CoverCoverage of Rs.1 lakh for the individual owner/driver of the vehicle while driving or travelling and mounting or dismounting from the twowheeler. Optional personal accident covers for co-passengers available. Third Party Legal Liability Protection against legal liability due to accidental damages resulting in the permanent injury or death of a person, and damage caused to the surrounding property.


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Step 1: Send your Vehicle for Repair If you send your vehicle to a preferred garage for repairs, you will be able to avail cashless facility. To locate a preferred garage click here For Theft Claims: In case of a theft claim, file a police complaint immediately in writing and inform us on our Toll Free Number: 1800-209-5858.

Step 2: Register your claim Register your claim by calling us on our Toll Free Number: 1800-209-5858 and give us some basic information. You will be then provided a claim reference number. Step 3: Survey and Claim Settlement Submit a copy of your documents to the garage/dealer and get it verified with the originals. After completion of repair at the preferred garage we will make the payment directly to the garage


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Normal wear and tear and general ageing of the vehicle. Mechanical/electrical breakdown. Vehicles being used otherwise than in accordance with limitations as to use. Damage to/by a person driving any vehicles without a valid license. Damage to/by a person driving the vehicle under the influence of drugs or liquor. Loss/damage due to war, mutiny or nuclear risk. Wear and tear of consumables like tyres and tubes unless the vehicle is damaged at the same time, in which case the liability of the company shall be limited to 50% of the cost of replacement


Travelling abroad to a foreign land entails a lot of risk. Medical expenses in foreign currency and hospitalization can be prohibitively expensive. Our travel policy covers you for all medical eventualities for just a fraction of the amount you would otherwise need.
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Covers expenses of hospitalization, loss of baggage and other incidental expenses Covers you against trip cancellation, trip curtailment and burglary of your home* Quick disbursement of claims Global expertise matched with local knowledge Innovative packages to match individual needs

If you are travelling abroad with your family, this package is specially devised for you. It covers the entire family (self & spouse - upto 60 years of age and 2 children - under the age of 21 years) for medical eventualities abroad and provides floater benefit to individual family members. Coverages Medical Expenses, Evacuationand Repatriation Emergency dental pain relief included in (I) above Loss of Baggage (Checked) Note: Per Baggage maximum 50 % and per item in the baggage 10 %. Delay of Baggage Personal Accident Only 50% of the Sum assured in respect of the death of the insured person below age of 18 years Loss of Passport Personal Liability Benefits in US $ 50000





150 2,000

**Per Baggage maximum 50 % and per item in the baggage 10 %. *** Only 50% of the Sum assured in respect of the death of the insured person below age of 18 years

One of the important features of our travel policies is Emergency Cash Advance. It is an assistance service wherein the company facilitates providing emergency cash to the insured during incidents such as theft/burglary of luggage/money or hold ups by co-coordinating with the insured person's relatives in India to provide emergency cash assistance to the insured person as per his requirement, up to the limit specified in the policy schedule.


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Any medical condition or complication arising from it which existed before the commencement of the policy period, or for which care, treatment or advice was sought, recommended by or received from a physician. Routine physical or other examination where there is no objective indication of impairment of normal health. Medical expenses beyond the expiry of the policy period. Suicide, attempted suicide or willfully self-inflicted injury or illness, mental disorder, anxiety/stress/depression/nervousness having no underlying physical illness as a cause; venereal disease, alcoholism, drunkenness or the abuse of drugs. Manual work or hazardous occupation, self-exposure to needless peril (except in an attempt to save human life), engaging in any criminal or illegal act. Pregnancy, resulting in childbirth, miscarriage, abortion, or complication arising out of any of the foregoing. Experimental, unproven or non-standard treatment. Treatment by any other system other than modern medicine (also known as Allopathy). The cost of spectacles, contact lenses, hearing aids, crutches and all other external appliances and/or devices whether for diagnosis or treatment. Delay of baggag e when the intended destination is in India. Loss or damage to the insured's passport as a result of the confiscation or detention by customs, police or any other authority. Loss which is not reported to the appropriate police authority within 24 hours of the discovery of the loss, and in respect of which an official report has not been obtained. Loss caused by the insured's failure to take reasonable steps to guard against the loss of passport


As a homeowner, you invest a lot of time, money and care into making your home look beautiful for the festival. But don't stop there - give your home the best possible protection from unforeseen incidents with Bajaj Allianz Home Insurance plans. At Bajaj Allianz, we understand that whatever be the market value of your house,

your home is invaluable. That's why we bring you a comprehensive home insurance cover, which will protect not only your home, but also the belongings inside it


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Provides protection for property, domestic and electronic appliances, interests of the insured and their family members in a single policy Affordable premium Attractive rebates Waiver of under-insurance

1-BURGLARY AND THEFT This policy provides you the peace of mind you need, it covers you from
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The damage caused due to housebreaking and thefts Protection provided on first loss basis i.e. 40% of the total value of contents along with list of value needs The total sum insured should be the market value of the property. Exclusion:

Loss of livestock, motor vehicles, pedal cycles and money stamps (Unless specifically declared.) Burglary/House breaking where any member of the insured's family is the principal 2-jewellery and precious items Jewellery today has become an integral part of our lives for any occasion. We provide a policy which safeguards this asset by covering any jewellery possessed by the insured. Valuation Certificate is required to cover jewellery and precious items. 3-electronic equipment This section is meant to cover the repair or replacement costs in respect of electronic equipments caused by any unforeseen and sudden physical loss (except a cause specifically excluded) whilst contained in or fixed at the Insured's premises.

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Manufacturing defect Damage resulting due to wear and tear, gradual deterioration, climatic conditions, rust, corrosion and insects Costs incurred in connection with functional failures due to willful act or gross negligence of the insured Deductibles: The Insured shall bear the first 10% or Rs.2500/- (whichever is higher) of any claim concerning computers, and the first 10% or Rs.500/- (whichever is higher) of any claim concerning any other item of electronic equipment. 4-BAGGAGE This section will cover the accidental loss or damage caused to personal baggage accompanying the Insured or Insured's family while traveling anywhere in India. 5-PERSONAL ACCIDENT INSURANCE Accidents are sudden and often result in large financial implications. Our policy makes provisions to protect such losses by covering you and your family members under this section Details of each person along with the amount insured for them have to be mentioned. 6-PERSONAL LIABILITIES,WORKMENS COMPENSATION Sometimes our actions can cause injuries or property damages to third parties. In such cases coping with the liability can result in a large financial burden. We cover such risks as well

Group Discounts the following discounts can be given in the premium if you opt for more sections
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5/6 sections - 15% on all sections except Section 1 7 or more - 20% on all sections except Section 1


No indemnity would be available under the policy for the following cases:
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Consequential loss of any kind or description Loss or damage caused by depreciation or wear and tear Damage to contents of a consumable nature Loss or damage to mobile phones or similar communication devices Loss of or damage to valuables, jewellery or precious items Other exclusions as listed in the policy wordings


Marine Hull Insurance
Bajaj Allianz insures a large number of Coastal and Inland vessels. Bajaj Allianz specializes in the following under the Marine Hull Business: Ocean Going Vessels  Coastal Vessels  Inland Vessels  Yachts and Pleasure Crafts  Port Crafts  Ship Building  Charter's Liability Bajaj Allianz currently participates in the insurance of some of the largest fleets in India. We insure a large number of Coastal and Inland vessels. Our team is comprised of experienced and dedicated members to manage this line of business. At Bajaj Allianz we take a proactive approach in claims settlement. We are backed by one of the strongest hull insurers in the world - Allianz and we leverage the global expertise of Allianz.

Basis of Sum Insured Marine Insurance policies are issued on 'agreed value basis' and should be based on invoice and covering incidental expenses. What are the types of Coverage offered? The following table contains the types of coverage offered. All overseas transits are subjected to Institute Cargo Clauses, given by Lloyds Underwriter and Technical

Committee, London. The brief coverage is:Risks Institute Cargo Clauses A (All risk Cover) Yes Yes Yes B (Wider Cover) Yes Yes Yes C (Basic Cover) Yes Yes Yes

(Proximate Cause)

Stranding , Grounding, Sinking or Capsizing Overturning or Derailment of Land Conveyance Collision of Ship or Craft with another Ship or Craft Contact of Ship, Craft or Conveyance with anything other than Ship or Craft (excludes Water but not Ice) Discharge of Cargo at Port of Distress Loss overboard during Loading/Discharge (total loss only). Fire or Explosion Malicious Damage Theft/ Pilferage General Average Sacrifice Jettison Washing Overboard (deck cargo) War Risks Seawater entering Ship, Craft, Hold, Conveyance Container Lift Van or Place of Storage River or Lake Water entering same




Yes N/A Yes Yes Yes Yes Yes Yes No*

Yes Yes Yes No* No Yes Yes Yes No*

Yes No Yes No* No Yes Yes No No*







PROJECT INSURANCE Contractors All Risk Insurance Policy
Scope of Cover Covers civil construction projects, such as residential / commercial buildings, theatres, factory sheds, warehouses, roads, bridges, dams, reservoirs, tunnels, oil / gas pipelines, water / sewage disposal works, etc. Perils covered  Fire & Allied Perils  Flood, Storm, Tempest, Cyclone  Earthquake, Fire & Shock  Collapse  Water Damage for Wet Risks Sum Insured The Sum Insured shall include landed cost at site of imported / indigenous materials, construction cost (including visits of specialists / experts, supervision charges). It is the completely erected value of property inclusive of freights, custom duty, erection cost adjusted to fluctuations in wages / prices. Premium Rate The Premium Rate is based on the type of project, nature of construction period of project, EQ Zone and voluntary excess. Extensions  Breakage of Glass  Storage Risks at Fabricators premises /workshop  Sites located in EQ Zones I & II  Clearance & Removal of Debris  Third Party Liability  Surrounding Property  Escalation  Express Freight  Holiday & Overtime Rates for wages  Air Freight  Additional  Custom Duty Construction, Plant & Machinery  Maintenance Visits and extended Maintenance cover Exclusions  War & Nuclear Risks  Willful Act / Negligence  Partial / Total cessation of Work  Normal wear & tear  Gradual deterioration due to atmospheric conditions

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Loss or damage due to faulty design Contractual liabilities Consequential Losses Cost of replacement / repair or rectification of defective material and / or workmanship

Money Insurance
Money insurance policy by Bajaj Allianz covers: Loss of money in transit caused by robbery, theft, or any fortuitous event.  Loss of money from the insured's premises during business hours caused by theft or robbery  Loss of money from the insured's safe or strong room caused by theft or robbery. The term money includes cash, bank drafts, currency notes, treasury notes, postal orders, money orders and postage stamps. The loss of money in transit must occur whilst being carried by the insured or his authorized employee, that is, the employees named in the schedule. Extensions The policy can be extended to cover the following risks:Unnamed employees: The operative clause of the policy refers to employees named in the schedule. Often large corporations seek money insurance to cover unnamed employees. The policy can be extended to cover unnamed employees at an extra premium. Carriage of cash by contractor's employees: Often, corporations contract out the task of cash carriage. The policy can be issued to include carriage of cash by contractors' employees. Policies can be issued to cover only contractor's employees provided all cash carriage is contracted out. Exclusions

The Policy does not cover loss or damage arising from: Any consequential losses of any kind  Loss arising out of the infidelity of the insured or employees  Loss of money from the insured premises where the money is not kept in a safe or strong room after business hours, money carried under a contract of affreightment  Loss of money from an unattended vehicle

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Loss in any way contributed to by the insured Loss caused by AOG perils

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