General Insurance Services

Are you constantly worried about all your Immovable and Movable property located at a particular premises such as buildings, plant and machinery, furniture, fixture, fittings and other contents, stock and stock in process along with goods held in trust or suppliers or with customer's Premises?

Are you worried for loss or damage to the goods in transit by any mode like rail, road, sea, air, post, courier either Inland purchase or sales or global import export?

Do you want to a protection from a financial loss arising out of loss or damage to the vehicle or from liability death or property damage?

Life is the precious. Nobody knows what will happen tomorrow in this fast and insecure life? Any accident to a sole bread earner can create serious financial problem for the family.The Personal Accident Insurance Policy ensures the financial loss as well as peace of mind. Few people have taken cover to protect themselves against the risk of personal accidents and the medical complications they entail. Personal accident insurance is an attractive option; not only does it cost less than other insurance policies, it also covers all accidents.

Individual Mediclaim Policy :

Family Floater Policy :

Family Floater is a health insurance plan that gives protection for the entire family on the payment of a single premium under a single sum insured. The sum insured floats among the family members insured. It's just one more way to tighten the family bonds.

Policy Benefits

Hospitalisation Cover: Protects the insured person for in-patient hospitalisation expenses for a minimum of 24 hours. These expenses include room and boarding charges as per policy conditions.

• Nursing expenses
• Surgeon's fees,Consultant's fees, Anaesthetist's and Specialist's fees
• Cost of medicines and drugs
• Emergency ambulance charges for transporting the insured patient to the hospital

A Super Saver Policy

• Single Sum Insured
• Coverage for entire family
• Single Premium
• Considerable saving in premium as the family is covered under one policy

Pre and Post Hospitalisation Cover

• Pre-hospitalisation medical expenses upto 30 days prior to the date of admission
• Post-hospitalisation medical expenses

Family Includes

Proposer, spouse, dependent parents, dependent children upto 25 years those who are economically dependent on their parents.

Group Mediclaim Policy :

Mediclaim Insurance is a cover which takes care of medical expenses following Hospitalisation/Domiciliary Hospitalisation of the Insured in respect of the following situations:

• (A) In case of a sudden illness
• (B) In case of an accident
• (C) In case of any surgery which is required in respect of any disease which has arisen during the policy period

The major benefit for taking a Group Mediclaim policy is that the insured gets a Group discount, hence the premium per person is lower.

Key Features :

• Any homogeneous group of persons of more than 50 members will be eligible for the group policy.
• The incurred claims ratio to be considered will be for the preceding three completed years excluding the year immediately preceding the date of renewal.
• The Group discount will be provided based on the size of the group.
• The discount or loading will be applied to current premium charged, net of all discounts including discount in lieu of agency commission.
• Maternity Benefits can be covered under Group Medical Insurance
• In respect of Group Mediclaim insurance, it is possible to exclude Domiciliary Hospitalization Benefit section with suitable reduction in premium.
• Free health check up facility can be allowed in Group Policy

Overseas Mediclaim Policy :

Make the most of your holiday doing anthing you want to without being weighed down by worry. because it covers you not just for everything else that other insurance policies do but also for a range of adventure sports. Giving you the reassurance to really enjoy yourself when you travel

Salient Features :

• Trip Cancellation - Compensation for non-refundable expenses on cancellation of tickets, hotel bookings & scheduled tours if trip is cancelled prior to the commencement.
• Trip Curtailment - Compensation for non-refundable expenses on cancellation of tickets, hotel bookings & scheduled tours if trip is cancelled after the commencement.
• Trip delay - Compensation towards expenses for meals & lodging in the event of trip delay, inexcess of 12 hrs, wherein the airline has not provided for the same.
• Home Burglary - Compensation on a first loss basis towards the loss of a damage to the contents at home, whilst you are abroad
• International Driveing License Loss Covers indemnification towards duplicate/ fresh issurance expenses

Claims administration through International SOS Services (I-SOS)

• Hospitalisation services - Access to global network of hospitals and special clinics
• Information on availiability of medical care at your location
• Monitoring progress on illness
• Information transfer between physicians
• Organising and supervising medical repatriation from abroad to india
• Preliminary medical advice, vaccination etc.

Key Benefits :

• Medical Cover
• Repatriation of remains
• Dental Treatment
• Checked Baggage Loss
• Checked Baggage Delay
• Passport Loss
• Personal Accident- Overseas
• Personal Liability
• Hospital Daily Cash
• Financial Emergency
• Hijack Daily Cash
• Financial Emergency
• Hijack Relief Benefit
• Personal Accident- Domestic
• Trip Cancellation
• Trip Curtailment
• Trip Delay
• International Driving License Loss
• Home Burglary

Director & Officers Liability Policy :

• Duty of Loyalty – Directors & Officers must avoid conflicts of interest, self-dealing, and misuse of corporate assets.
• Duty of Obedience –Directors & Officers must act within the boundaries established by statute, corporate charter or by-laws, and written policies and procedures.
• Duty of Diligence and Care – Directors & Officers must conduct themselves with the care that an ordinary person would exercise under similar circumstances and in similar capacities.
• Statutory Duties - There are several laws and statutes that regulate the actions and decisions of Directors & Officers.

Insurance Cover:

• Personal Liability of Individual Directors & Officers arising out of the action taken by them in their official capacity
• Covers corporate reimbursements
• Covers employment practice liability claims

There are three categories of protection against personal liability of Directors & Officers of corporations:

1. Corporate Indemnification

The ability of the corporation to pay the judgments, settlements and defense costs incurred by a director, officer, employee or agent of the corporation.

2. Common Law and Statute

Business Judgment Rule – Courts may apply the Business Judgment Rule to protect directors & officers from personal liability.

Liability-Limiting Statutes – some state and federal laws provide limitation of liability in certain cases.

3. Insurance Coverage

Insurance provides protection for individual directors & officers when the corporation is not permitted to indemnify or financially unable to indemnify the directors & officers.

Professional Indemnity Policy :

Professionals such as Architects, Engineers, Doctors, Lawyers, Chartered Accountants, Medical Practitioners and services such as medical establishments etc need professional Indemnity Insurance to protect that business interests against legal claims for error, omissions, professional neglect for both the principles and their employees. For this purpose, we present Professional Indemnity Insurance Policy, which provide comprehensive coverage for all claims which are legally established in the Court of Law on grounds of the covered perils.

Key Benefits

• Specially designed policy to meet the requirements of different professionals and professional services
• Exhaustive coverage against different risks.
• The policy also provide for legal expenses and cost incurred with the prior consent of the insured
• Hassle free documentation
• Mid term increase or decrease in the sum insured is possible subject to the approval of the company

Policy Coverage

The Professional Indemnity Insurance Policy provides the following covers:

• Legal liability in respect of bodily injury and/or death caused by any breach of Professional Duty by reason of error, omission or negligent act whenever and wherever committed or alleged to have been committed during the period of insurance, by

1.  The Insured
2. The predecessors in business of the said firm in respect of whom insurance coverage is provided
3. Any person at any time employed by the Insured or by such predecessors in business in the conduct, by or on behalf of the said firm or such predecessors of any business conducted in their professional capacity.

The policy also provides for payment of defence costs, fees and expenses anywhere in India in accordance with Indian Law.

Contractor All Risk Policy :

Salient Features

All types of civil engineering works, ranging from small buildings to massive dams are exposed to damage from a wide range of causes such as fire, lightning, flood, inundation, storm, cyclone and other accidental damages.

Subject Matter :

• Office building, hospitals, schools, theatres.
• Factories, power plants.
• Roads, railway facilities, airports.
• Bridges, dams, wells, tunnels, canals, harbours.

Scope of Cover :

• Fire, lightning, explosion, aircraft damage
• Riot, strike, malicious act
• Flood, inundation, storm, cyclone and allied perils
• Landslide, subsidence and rockslide
• Burglary and theft
• Faults in erection
• Human errors, negligence
• Short circuiting, arcing, excess voltage
• Electrical and mechanical breakdown
• Collapse, damage due to foreign objects, impact damages

Extensions :

• Third Party liability
• Cross liability
• Earthquake
• Cost of removal of debris
• Express freight, overtime charges
• Air freight
• Additional customs duty
• Escalation
• Owner's surrounding property
• Storage risk at Fabricator's Premises
• Breakage of glasses
• Maintenance cover-Visits, Extended maintenance
• Cost of tools and tackles and material handling equipment used for construction purposes

Period of Insurance :

• Project Period
• Maintenance period

Erection All Risk Policy :

Erection All Risks (EAR) policy is designed to cover Plant and Machinery under erection. Interest of Suppliers/Manufacturers, Contractors, Subcontractors can be recorded in the policy. This policy covers risks associated with storage, assembly/erection and testing of Plant and Machinery. EAR insurance provides comprehensive cover. All perils are covered unless specifically excluded. Cover incepts from the time of unloading of the first consignment at the project site and terminates on completion of testing or handing over of the project to the Principal, or the period chosen, whichever is earlier.

Scope of Cover :

This policy covers All Risk pertaining to projects of Erection, Testing and Commissioning subject to the following exclusions and conditions

Exclusions

• War and Nuclear group of perils
• Wilful act / negligence
• Loss discovered at time of taking inventory
• Normal wear and tear; Gradual deterioration due to atmospheric conditions or otherwise, rust
• Scratching of painted or polished surface, Breakage of glass
• Loss or damage due to faulty design, defective material or costing and bad workmanship (limited to items immediately affected)
• Cost of rectification or correction of any error during erection not resulting in physical loss or damage
• Damage to files, drawings, accounts and bills etc.
• Penalties for non-fulfilment of contractual obligations
• Consequential losses
• Aesthetic defects
• Operational deficiencies
• Costs of any alterations, additions and/or improvements after a claim
• Contractor's Plant and Machinery loss or damage by its own explosion/mechanical electrical
• Breakdown/derangement
• Exclusions for Third Part Liability

(1) Excess as per policy
(2) Property covered in material damage
(3) Employees and their family members and property of principal / contractor/sub-contractor
(4) Accidents caused by road, water and airborne vehicles
(5) Contractual liabilities

Extentions

• Express freight (excluding air freight), holiday and overtime rates of wages
• Air Freight
• Additional customs duty
• Contractor's Plant and Machinery equipment upto sum insured of Rs.25 lacs or 5% of EAR/SCE sum
• insured, whichever is lower
• Premium for periods beyond policy period and discounts/loadings on them based on claims experience.
• Testing period extensions
• Delay in start up (DSU) / Advanced Loss of Profits (ALOP) covers
• Storage risks at the fabricators premises/workshop unless specifically covered for
• Custom duty unless specifically covered for
• Expenses towards clearance and removal of debris unless specifically covered for
• Third party liability covers beyond limits stipulated vide section 14-A of tariff
• Cross liability, civil works, surrounding property coverages unless specifically covered for
• Escalation beyond 50% of EAR/SCE sum insured
• Surrounding property excludes construction /erection machinery, plant and equipment.

Workmen Compensation Policy :

This policy covers the legal liability of an Employer to an unlimited extent, under the Workmen's Compensation Act, The Fatal Accidents Act, and at Common Law. This liability devolves statutorily on the employer if his employee, falling under the purview of the definition of "Workman", suffers death, bodily injury (both temporary and permanent), and disease arising out of and in the scope of his employment.

Customer Profile :

All manufacturing units with employees who fall under the purview of the Workmen's Compensation Insurance Act, 1923 have Employers' Liability exposures under the Act. All business organisations have Employers' Liability exposures under Common Law and such organisations form the target market for this class of business.

Scope of Cover :

A) The Workmen’s  Compensation  Insurance Business in India is controlled by the Workmen’s Compensation Insurance Tariff (W.C.Tariff). The Tariff provides for two types of Insurance as follows: 

Table A:  This policy provides indemnity to the Insured if any employee in the Insured’s immediate service shall sustain bodily injury by accident or contracts disease arising out of and in the course of his employment by the Insured in the Business and if the Insured shall be liable to pay compensation for such injury either under.

 i) Workmen’s Compensation Act, 1923 and subsequent amendments of the said Act prior to the date of issue of the Policy provided that the insurance granted is not extended to include any interest and/or penalty imposed on the insured on account of his / their failure to comply with the requirements laid down under the W.C. Act, 1923, and 

ii) the Fatal Accident Act, 1855 of at Common Law 

And in addition all costs and expenses incurred with the company’s consent in defending any claim for such compensation. 

Table B :This Policy provides indemnity to the Insured against their legal liability under the Fatal Accidents Act, 1855, and at Common Law. (This Policy is not issued to cover employees who fall within the definition of “workmen” under the Workmen’s Compensation Act, 1923, as amended).

B) The Policy excludes

i) any injury by accident or disease directly attributable to war, invasion, act of foreign enemy, hostilities (whether war be declared or not), civil war, Mutiny, insurrection, rebellion, revolution or military or usurped power. 

ii) the Insured’s liability to employees of contractors to the Insured. 

iii) any employee who is not a workman within the meaning of the Laws. 

iv) any liability of the Insured which attaches by virtue of an agreement but which would not have attached in the absence of such agreement.

v) any sum which the Insured would have been entitled to recover from any party but for an  agreement between the Insured and such party

Public Liability :

Public Liability Insurance offers cover for third party liabilities (Bodily Injury / Property Damage) arising out of the premises occupied by the Insured and legal costs incurred in connection therewith. The policy can be extended to cover legal expenses arising out of Pollution, Act of God Perils, Transportation of Hazardous Substances, Carriage of treated effluents etc.

Customer Profile :

This policy can be offered for manufacturing premises, Godowns / Warehouses. While this addresses the requirements of the manufacturing enterprises, other non manufacturing entities like IT companies, BPOs, Hotels, Schools, Restaurants and Clubs, can avail of this insurance cover.

Depending upon your nature of operations we can customize your Public Liability Insurance policies as follows:

• Public Liability Industrial Risks - For Manufacturing Units.
• Public Liability Non Industrial Risks - For Non Manufacturing entities like IT companies, BPOs, Hotels, Schools, Restaurants and Clubs
• Public Liability Act - For all business units handling hazardous substances as per Public Liability Act, 1991.

Advantage :

Havmore's Public liability coverage option gives you the freedom to choose between:

• Commercial General Liability and traditional Claims Made Wordings
• Duty to Defend and Reimbursement Type Wordings
• Claims Made and Occurrence Based wordings
• Defense Costs in addition and Defense Costs Inclusive covers
• Retention and Deductible based coverage

Shopkeepers Package Policy :

Establishing the business of a shop requires significant capital, often sourced from your savings. Besides, a lot of effort goes into running it profitably. However, have you thought about contingencies that are a huge threat in pursuing yor dreams?
Often, establishments such as shops are exposed to various risks that threaten to result in significant loss and damage to property as well as business. To ensure financial protection from such losses and to facilitate smooth running of your business, we present Reliance Shopkeeper's Package Policy.
Designed to offer you complete peace of mind, this policy offers you a basket of optional covers across different sections and can customized to suit yur requirements.

Salient Features :

• Covers loss of your business money while in transit, safe & till
• Covers electrical and mechanical appliances against damage due to electrical or mechinical faliure.
• Covers loss of publicity material such as noen signs& hoardings.
• Compensates for loss or damage to data, data carring material and software.

Key Benefits :

•     No documentation required
•     Felxibility to decide on plans options
•     Quick & easy claims settlement with minimum documentation

Policy Package :

• Fire and Allied Perils
• Burglary and Housebreaking
• Mechanical and Electrical Appliances
• Electronic Appliances
• Money Insurance
• Baggage
• Fixed Plate Glass and Sanitary Fittings
• Neon Sign/Glow Sign/Hoarding
• Personal Accident
• Infidelity/Dishonesty of Employees
• Legal Liability

Hotel & Restaurant Package Policy :

As a hospitality industry professional, you serve and ensure the comfort of several customers every single day. It is important to you that nothing comes in the way of providing them with the very besy of your services. Which is why you need to secure every part of your business with the protection of insurance.
So it is a unique package policy designed specifically for the hospitality industry. It offers a varity of covers in different customisable combinations, to match your unique insurance needs.

Salient Features :

• Covers electrical and mechinical appliances against damage due to electrical or mechinical breakdown
• Cover legal liability to third parties
• Covers unforseen and sudden physical loss / damage to electronic equipments on all risk basis
• Covers loss of your business money while in transit, safe & till

Key Benefits :

• No documentation required
• Felxibility to decide on plans options
• Quick & easy claims settlement with minimum documentation

Policy Package :

• Fire and Allied Perils
• Electronic Equipment
• Machinary Breakdown
• Burglary and Housebreaking
• Money Insurance
• Fixed Plate Glass
• Neon Sign /Glow Sign / Hoarding
• Personal Accident Cover
• Public Liability

Jewellers Block Policy :

Salient Features :

Covers loss of or damage to the stock in trade and also cash and currency notes whilst in the premises loss of or damage to the stock-in-trade while carried or conveyed or   distributed   outside the premises, insured property (excluding currency) whilst in transit within India by registered Post/Air freight only.

Scope of Cover

Section I    

Covers loss of or damage to the stock in trade and also cash and currency notes as stated below while contained in the premises where the Insured’s business is carried on or at other premises where the property insured is deposited.

• Property insured on the premises.
• Property insured in Display windows.
• Property insured in locked safe on the premises.
• Cash and currency notes.
• Property insured in Bank Lockers. 

Scope: Fire, Explosion, Lightning, Burglary, House breaking, Robbery, Hold-up, Theft, RSDMD & Terrorists Risks. On payment of additional premium Flood, Storm, Tempest and Earthquake risks can be covered. 

Section II

Covers loss of or damage to the stock-in-trade while carried or conveyed or distributed outside the premises by specified persons for the purpose of the insured’s business by any cause whatsoever except as specifically excluded in the policy.Property insured while in the custody of the insured, his partners, or his employees, Directors, duly constituted attorneys and sorters of Diamonds, Persons not in regular employment of the insured such as Brokers, Agents, Cutters or Jewellery Manufacturers. 

Scope:  All risks cover 

Section III 

Covers insured property (excluding currency) whilst in transit within India by registered   Post/Air freight only.

Scope:   All risks cover 

Section IV 

Loss or damage to the Furniture, fixture, fittings, safe & trade equipments by fire and allied perils or burglary and/or house breaking, theft, robbery, hold up, riot, strike and malicious damage only.

Exclusions :

• Loss of damage to the insured property whilst the same is being worked upon, or directly resulting from any process of cleaning repairing or restoring.
• Shortage noticed at the time of stock taking.
• Loss of or damage to the insured property while the same is at any public exhibition.
• While the property is being worn or used by the insured or any principal director or partner of the insured, or thier wives, members .of thier families, relatives or friends, or while in thier custody for such purpose.
• Loss or damage caused by or arising from depreciation, wear and tear, vermin and mildew.
• Theft by or dishonesty of the insured's family member, employee, broker or customer.
• Loss of or damage to insured property whilst in window display at night or whilst kept outside safes after business hours.
• Loss or damage resulting from war and allied perils, flood, storm, or other convulsions of nature.

Office Package Policy :

There are huge investments made when it comes to business. Investments are made for office premises, equipment's, human resources and other infrastructural facilities. We offers the Office Package Policy , which helps you share your financial burden should you face heavy losses.
Office Insurance Package is a comprehensive package of different insurance policies that provide flexibility and cover for various contingencies. It provides you complete control of managing all your risks in office under one policy.

Salient Features :

• All the insurance requirements are addressed by a single policy
• Less time spent in fulfilling procedural requirement
• One stop shop / solution for the clients business related needs
• Takes care of the ailments leading to hospitalization
• Tailor-made as per client's needs.

Policy Package :

• Fire & allied perils
• Burglary & Robbery
• Machinery Breakdown
• Money Insurance
• Plate Glass
• Breakdown of Office equipment
• Baggage Insurance
• Electronic Equipment
• Neon Sign/Glow Sign/Hoarding
• Personal Accident
• Fidelity Guarantee
• Public Liability & W.C
• Hospital Cash Daily Allowance
• Legal Liability

Householders Package Policy :

For most of us, our home is where ourhappiness is. It also provides us with immense sense of safety and security. And yet it is ironic that most often people ignore insuring this important asset in their life against the potentially devastating imapcts of contingencies like loss, damage or destruction due to fire,theft,accidents etc.

It provide you with a comprehensive home insurance cover, by combining various covers and benefits in a customized package to suit your specific indivudual needs, By oping for this Policy, you will not only protect your home , but also secure your financial stability.

Salient Features :

• Covers loss, damage or destruction of contents due to fire and theft
• Proctects your domestic appliances like refrigerator, washing machine, microwave against mechinical and electrical breakdown
• Covers you, your spouse and children for personal accident.
• Comprehensive cover for your Television/TV/DVD/VCD Player

Key Benefits :

• No documentation required
• Felxibility to decide on plans options
• Quick & easy claims settlement with minimum documentation

Policy Package :

• Fire and Allied Perils
• Burglary and Housebreaking
• Domestic Mechanical and Electrical Appliances
• TV / DVD / VCD Player
• Fixed Plate Glass
• Personal Accident Cover
• Legal Liability

Society Insurance :

Cooperative Housing societies are entrusted with managing the affairs as per guidelines of the Cooperative Societies Act and additionally handling staff and managing administration. This policy offers risk solutions suitable to most of housing societies' insurance requirements.

Bye-Laws of Co-operative Housing Society, Maharashtra state, Section XVII / 161- states, "The Society shall insure its building/buildings necessarily against risk of fire and earthquake."

Who can buy :

This policy provides insurance for Housing Societies. It may include,

• Residential Housing Society
• Employee/Staff Housing Society

Insurance Covers Offered :

• Standard Fire and Special Perils Policy
• Fire
• Add on Covers
• Earthquake
• Terrorism
• Removal of Debris (in excess of 1% of TSI)
• Architect, Surveyors and consulting engineers fees (in excess of 3% of TSI)
• Loss of Rent (For owner occupied building)
• Insurance of additional expenses of rent for an alternative accommodation
• Other Covers
• Burglary (First Loss / Total Loss)
• Money in safe
• Public Liability
• Workmen Compensation

What is excluded :

• Standard Fire and Special Perils Policy

Loss, destruction or damage caused by:

• War or war like operations;
• Ionising radiation, contamination by radioactivity, nuclear fuels or waste;
• Pollution or contamination losses;
• Loss of earnings or loss of market
• Burglary

Loss, destruction or damage caused by

• Fire or explosions;
• Inmates or member of the insured's household or business staff;
• Money

Loss, destruction or damage caused by

• Collusion by any employee or agent of the insured
• Use of keys or duplicate keys.
• Use of counterfeit money;
• Workmen's Compensation

Liability arising out of:

• Willful or intentional non compliance of any statutory provision;
• Fines, penalties, punitive and / or exemplary damages

• Burglary Policy
• aMachinery Breakdown Policy
• Electronics Equipment Policy
• Neon Sign Insurance
• Mobile/Cellular Phone Insurance
• TV/VCR/VCP Insurance
• Aviation Insurance
• Cattle Insurance
• Rural Insurance