Tata AIG Package Policies


2018-01-03 00:30:00 UTC

tata aig package insurance

Education Institutes Insurance


Tata AIG General Insurance Company Limited's Education Institutes Insurance offers a complete insurance package that has been specially designed keeping in mind the insurance needs of educational institutions.

Benefits

It is a one touch insurance solution that covers the business from threats like, fire, malicious damage, riot, earthquake, burglary, damage to property etc. below are the benefit lists:

Standard Fire and Special Perils:

Covers the property against loss or damage due to the below causes:

  • Fire
  • Lightning Explosion / Implosion
  • Aircraft damage
  • Riot strike and malicious damage
  • Storm, cyclone, typhoon, tempest hurricane, tornado, flood and inundation
  • Impact damage due to rail road vehicle or animal not belonging to insured, Subsidence and landslide including rockslide
  • Bursting and/or overflowing of water tanks apparatus and pipes
  • Missile testing operations
  • Leakage from automatic sprinkler installations
  • Bush fire

Additional in built covers: (At no cost)

  • Expense incurred on debris removal up to 1% of claim amount
  • Expense incurred on Architects surveyors and consulting engineers fees up to 3% of claim amount

Add ons:

  • Earthquake
  • Terrorism cover
  • Expense incurred on debris removal in excess of 1% of claim amount
  • Expense incurred on Architects surveyors and consulting engineers fees in excess of 3% of claim amount
  • Additional expense of rent for an alternative accommodation
  • Loss of rent
Add-ons and extensions

The following optional covers are available:

  • Burglary: Covers all contents (covered under Standard Fire & Special perils) against Burglary or Housebreaking (theft following upon an actual forcible and violent entry of or exit from the premises), or Holdup including Robbery.
  • Money in Safe: Covers loss of money (cash, bank notes, currency notes / coins, bank drafts, cheques, postal orders, money orders, treasury notes, current postage and revenue stamps) belonging to the business of the insured whilst securely kept in the insured premises and loss or damage to any safe, strong room or cash box securing money.
  • Money in Transit: Covers loss of money belonging to the business of the insured whilst in transit between the business premises and / or premises of insured's bankers and / or locations or specified
  • Electronic Equipment: Covers electronic equipment (e.g. computers, printers, fax, UPS) etc., against any unforeseen sudden physical loss or damage unless excluded specifically
  • Portable equipment: Covers portable equipment e.g. laptops etc., against any loss, destruction or damage by Fire, Riots and strikes, Theft by visible physical forcible and violent means and accidental occurrence unless excluded specifically
  • Machinery breakdown: Provides cover for unforeseen and sudden physical damage due to electrical or mechanical breakdown e.g. air conditioners, refrigerators, photocopying machines
  • Plate Glass: Covers loss or damage to the Plate glass completely and securely fixed in the insured premises by accidental means
  • Neon Sign: Covers loss or damage to the neon / glow sign securely fixed in the insured premises by accidental means including Fire, Riot and strikes
  • Workmen's Compensation: Covers liability under the Workmen's Compensation Act' 1923 and /or Fatal accidents Act'1855 and / or Common law to pay compensation to employees for bodily injury or death caused due to accidents/occupational diseases arising out of and in course of employment
  • Personal Accident: Cover death / disability caused to employees due to sudden, unforeseen, uncontrollable and unexpected physical event caused by external, violent and visible means
  • Public liability: Protects against your legal liability in respect of accidental bodily injury to third parties and or accidental loss and /or damage to property belonging to third parties
  • Baggage: Covers loss, destruction or damage to the accompanied personal baggage of the Insured
  • Fidelity Guarantee: Insures against direct financial loss due to fraud or dishonesty of an employee.
Exclusions

Some Exclusion besides the deductible for respective sections

Standard fire & Special peril: Loss, destruction or damage caused by

  • War or war like operations
  • Ionizing radiations, contaminations by radioactive, nuclear fuels or waste
  • Pollution or contaminations losses
  • Losses of earnings or loss of Market share

Burglary: Loss, Destruction or damage caused by:

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

Electronic Equipment: Loss, destruction, or damage caused by

  • Wear & Tear
  • Faults or detects existing at the time of commencement of insurance within the knowledge of insured or his representative

Portable Equipment: Loss, destruction or damage caused by

  • Portable Equipment: Loss, destruction or damage caused by Process of cleaning, restoring, repairing or deterioration arising from wear and tear, moth vermin, insects or any other gradually occurring cause;
  • Detention or confiscation by customs or other authorities
  • Consequential losses or legal liability of any kind

Machinery Breakdown: Loss, destruction or damage caused by

  • Wilful act or neglect or gross negligence
  • Deterioration or wearing away / out by normal use

Money: Loss caused by

  • Collusion by any employee or agent of the Insured
  • Use of keys or duplicate keys
  • Use of counterfeit money

Plate Glass & Neon Signboard: Loss, destruction, or damage caused by

  • Scratches & Cracks
  • Whilst removing, replacing or in course of alteration

Workmen's compensation: Liability arising out of:

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

Baggage: Loss, destruction or damage caused by:

  • Mechanical or electrical derangement / breakdown
  • Loss of money, travel ticket, traveller’s cheque
  • Theft of baggage from any motor vehicle unless such is a fully enclosed vehicle

Personal Accident: Liability arising out of :

  • Intentional self-injury
  • Suicide
  • Injury accident under influence of alcoholic beverage

Public Liability: Liability arising out of:

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

Hotel & Restaurants Insurance


Hospitality sector in India has seen a lot of growth and there is potential for significant growth in the future as well. However, it is important to protect this flourishing business with appropriate insurance.

Tata AIG's Hotel and Restaurants Insurance offers a complete insurance package that has been specially designed keeping in mind the insurance needs of Hotel and restaurant business.It is a one touch insurance solution that covers the business from threats like, fire, malicious damage, riot, earthquake, burglary, damage to property etc.

Perilwise has an online calculator that allows you to get package policies online Check it out now and get the best rates from all the leading insurers.

Standard Fire and Special Perils:

Covers property against loss or damage due to

  • Fire
  • Lightning Explosion / Implosion
  • Aircraft damage
  • Riot strike and malicious damage
  • Storm, cyclone, typhoon, tempest hurricane, tornado, flood and inundation
  • Impact damage due to rail road vehicle or animal not belonging to insured, Subsidence and landslide including rockslide
  • Bursting and/or overflowing of water tanks apparatus and pipes
  • Missile testing operations
  • Leakage from automatic sprinkler installations &
  • Bush fire

Additional in built covers: (At no cost)

  • Expense incurred on debris removal up to 1% of claim amount
  • Expense incurred on Architects surveyors and consulting engineers fees up to 3% of claim amount
Add ons:
  • Earthquake
  • Terrorism cover
  • Expense incurred on debris removal in excess of 1% of claim amount
  • Expense incurred on Architects surveyors and consulting engineers fees in excess of 3% of claim amount
  • Additional expense of rent for an alternative accommodation
  • Loss of rent

The following optional covers are available:

  • Burglary: Covers all contents (covered under Standard Fire & Special perils) against Burglary or Housebreaking (theft following upon an actual forcible and violent entry of or exit from the premises), or Holdup including Robbery
  • Money in Safe: Covers loss of money (cash, bank notes, currency notes / coins, bank drafts, cheques, postal orders, money orders, treasury notes, current postage and revenue stamps) belonging to the business of the insured whilst securely kept in the insured premises and loss or damage to any safe, strong room or cash box securing money
  • Money in Transit: Covers loss of money belonging to the business of the insured whilst in transit between the business premises and / or premises of insured's bankers and / or locations or specified
  • Electronic Equipment: Covers electronic equipments (e.g. computers, printers, fax, UPS) etc., against any unforeseen sudden physical loss or damage unless excluded specifically
  • Portable equipment: Covers portable equipments e.g. laptops etc., against any loss, destruction or damage by Fire, Riots and strikes, Theft by visible physical forcible and violent means and accidental occurrence unless excluded specifically
  • Machinery breakdown: Provides cover for unforeseen and sudden physical damage due to electrical or mechanical breakdown e.g. air conditioners, refrigerators, photocopying machines
  • Plate Glass: Covers loss or damage to the Plate glass completely and securely fixed in the insured premises by accidental means
  • Neon Sign: Covers loss or damage to the neon / glow sign securely fixed in the insured premises by accidental means including Fire, Riot and strikes
  • Workmen's Compensation: Covers liability under the Workmen's Compensation Act' 1923 and /or Fatal accidents Act'1855 and / or Common law to pay compensation to employees for bodily injury or death caused due to accidents/occupational diseases arising out of and in course of employment
  • Personal Accident: Cover death or disability caused to employees due to sudden, unforeseen, uncontrollable and unexpected physical event caused by external, violent and visible means
  • Public liability: Protects business against legal liability in respect of accidental bodily injury to third parties and or accidental loss and /or damage to property belonging to third parties
  • Baggage: Covers loss, destruction or damage to the accompanied personal baggage of the Insured
  • Fidelity Guarantee: Insures a business against direct financial loss due to fraud or dishonesty of the employee.
Exclusions

Below are the major exclusions besides the deductible for the various policies:

Standard fire & Special peril: Loss, destruction or damage caused by

  • War or war like operations
  • Ionizing radiations, contaminations by radioactive, nuclear fuels or waste
  • Pollution or contaminations losses
  • Losses of earnings or loss of Market share

Burglary: Loss, Destruction or damage caused by:

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

Electronic Equipment: Loss, destruction, or damage caused by

  • Wear & Tear
  • Faults or detects existing at the time of commencement of insurance within the knowledge of insured or his representative

Portable Equipment: Loss, destruction or damage caused by

  • Portable Equipment: Loss, destruction or damage caused by Process of cleaning, restoring, repairing or deterioration arising from wear and tear, moth vermin, insects or any other gradually occurring cause;
  • Detention or confiscation by customs or other authorities
  • Consequential losses or legal liability of any kind

Machinery Breakdown: Loss, destruction or damage caused by

  • Wilful act or neglect or gross negligence
  • Deterioration or wearing away / out by normal use

Money: Loss caused by

  • Collusion by any employee or agent of the Insured
  • Use of keys or duplicate keys
  • Use of counterfeit money

Plate Glass & Neon Signboard: Loss, destruction, or damage caused by

  • Scratches & Cracks
  • Whilst removing, replacing or in course of alteration

Workmen's compensation: Liability arising out of:

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

Baggage: Loss, destruction or damage caused by:

  • Mechanical or electrical derangement / breakdown
  • Loss of money, travel ticket, traveller’s cheque
  • Theft of baggage from any motor vehicle unless such is a fully enclosed vehicle

Personal Accident: Liability arising out of:

  • Intentional self-injury
  • Suicide
  • Injury accident under influence of alcoholic beverage Public Liability: Liability arising out of :
  • Wilful or intentional non-compliance of any statutory provision
  • Fines, penalties, punitive and / or exemplary damages

Office Insurance


Tata AIG General Insurance Company Limited offers a complete insurance package that has been specially designed keeping in mind the insurance needs of your business. Tata AIG General Insurance Company Limited's Office Insurance is a one touch insurance solution that covers any business from threats like, fire, malicious damage, riot, earthquake, burglary, damage to property etc. Perilwise has an online calculator that allows you to get package policies online! Check it out now and get the best rates from all the leading insurers.

Standard Fire and Special Perils:

Covers your property against loss or damage due to

  • Fire
  • Lightning Explosion / Implosion
  • Aircraft damage
  • Riot strike and malicious damage
  • Storm, cyclone, typhoon, tempest hurricane, tornado, flood and inundation
  • Impact damage due to rail road vehicle or animal not belonging to insured, Subsidence and landslide including rockslide
  • Bursting and/or overflowing of water tanks apparatus and pipes
  • Missile testing operations
  • Leakage from automatic sprinkler installations
  • Bush fire
Addons

The following optional covers are available.

  • Burglary: Covers all contents (covered under Standard Fire & Special perils) against Burglary or Housebreaking (theft following upon an actual forcible and violent entry of or exit from the premises), or Holdup including Robbery
  • Money in Safe: Covers loss of money (cash, bank notes, currency notes / coins, bank drafts, cheques, postal orders, money orders, treasury notes, current postage and revenue stamps) belonging to the business of the insured whilst securely kept in the insured premises and loss or damage to any safe, strong room or cash box securing money
  • Money in Transit: Covers loss of money belonging to the business of the insured whilst in transit between the business premises and / or premises of insured's bankers and / or locations or specified
  • Electronic Equipment: Covers electronic equipments (e.g. computers, printers, fax, UPS) etc., against any unforeseen sudden physical loss or damage unless excluded specifically
  • Portable equipment: Covers portable equipments e.g. laptops etc., against any loss, destruction or damage by Fire, Riots and strikes, Theft by visible physical forcible and violent means and accidental occurrence unless excluded specifically
  • Machinery breakdown: Provides cover for unforeseen and sudden physical damage due to electrical or mechanical breakdown e.g. air conditioners, refrigerators, photocopying machines
  • Plate Glass: Covers loss or damage to the Plate glass completely and securely fixed in the insured premises by accidental means
  • Neon Sign: Covers loss or damage to the neon / glow sign securely fixed in the insured premises by accidental means including Fire, Riot and strikes
  • Workmen's Compensation: Covers liability under the Workmen's Compensation Act' 1923 and /or Fatal accidents Act'1855 and / or Common law to pay compensation to employees for bodily injury or death caused due to accidents/occupational diseases arising out of and in course of employment
  • Personal Accident: Cover death or disability caused to employees due to sudden, unforeseen, uncontrollable and unexpected physical event caused by external, violent and visible means
  • Public liability: Protects business against legal liability in respect of accidental bodily injury to third parties and or accidental loss and /or damage to property belonging to third parties
  • Baggage: Covers loss, destruction or damage to the accompanied personal baggage of the Insured
  • Fidelity Guarantee: Insures a business against direct financial loss due to fraud or dishonesty of the employee.
Exclusions

Below are the major exclusions besides the deductible for the various policies

Standard fire & Special peril: Loss, destruction or damage caused by

  • War or war like operations
  • Ionizing radiations, contaminations by radioactive, nuclear fuels or waste
  • Pollution or contaminations losses
  • Losses of earnings or loss of Market share

Burglary: Loss, Destruction or damage caused by:

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

Electronic Equipment: Loss, destruction, or damage caused by

  • Wear & Tear
  • Faults or detects existing at the time of commencement of insurance within the knowledge of insured or his representative

Portable Equipment: Loss, destruction or damage caused by

  • Portable Equipment: Loss, destruction or damage caused by Process of cleaning, restoring, repairing or deterioration arising from wear and tear, moth vermin, insects or any other gradually occurring cause;
  • Detention or confiscation by customs or other authorities
  • Consequential losses or legal liability of any kind

Machinery Breakdown: Loss, destruction or damage caused by

  • Wilful act or neglect or gross negligence
  • Deterioration or wearing away / out by normal use

Money: Loss caused by

  • Collusion by any employee or agent of the Insured
  • Use of keys or duplicate keys
  • Use of counterfeit money

Plate Glass & Neon Signboard: Loss, destruction, or damage caused by

  • Scratches & Cracks
  • Whilst removing, replacing or in course of alteration

Workmen's compensation: Liability arising out of:

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

Baggage: Loss, destruction or damage caused by:

  • Mechanical or electrical derangement / breakdown
  • Loss of money, travel ticket, traveller’s cheque
  • Theft of baggage from any motor vehicle unless such is a fully enclosed vehicle

Personal Accident: Liability arising out of:

  • Intentional self-injury
  • Suicide
  • Injury accident under influence of alcoholic beverage

Public Liability: Liability arising out of :

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

Shop Insurance


Tata AIG General Insurance Company Limited's Shop Insurance, a complete insurance package that has been specially designed keeping in mind the insurance needs of shop owners. It is a one touch insurance solution that covers you and your business from threats like, fire, malicious damage, riot, earthquake, burglary, damage to property etc. Perilwise has an online calculator that allows you to get package policies online Check it out now and get the best rates from all the leading insurers.

Standard Fire and Special Perils:

Covers your property against loss or damage due to

  • Fire
  • Lightning Explosion / Implosion
  • Aircraft damage
  • Riot strike and malicious damage
  • Storm, cyclone, typhoon, tempest hurricane, tornado, flood and inundation
  • Impact damage due to rail road vehicle or animal not belonging to insured, Subsidence and landslide including rockslide
  • Bursting and/or overflowing of water tanks apparatus and pipes
  • Missile testing operations
  • Leakage from automatic sprinkler installations
  • Bush fire
Addons

The following optional covers are available.

  • Burglary: Covers all contents (covered under Standard Fire & Special perils) against Burglary or Housebreaking (theft following upon an actual forcible and violent entry of or exit from the premises), or Holdup including Robbery
  • Money in Safe: Covers loss of money (cash, bank notes, currency notes / coins, bank drafts, cheques, postal orders, money orders, treasury notes, current postage and revenue stamps) belonging to the business of the insured whilst securely kept in the insured premises and loss or damage to any safe, strong room or cash box securing money
  • Money in Transit: Covers loss of money belonging to the business of the insured whilst in transit between the business premises and / or premises of insured's bankers and / or locations or specified
  • Electronic Equipment: Covers electronic equipments (e.g. computers, printers, fax, UPS) etc., against any unforeseen sudden physical loss or damage unless excluded specifically
  • Portable equipment: Covers portable equipments e.g. laptops etc., against any loss, destruction or damage by Fire, Riots and strikes, Theft by visible physical forcible and violent means and accidental occurrence unless excluded specifically
  • Machinery breakdown: Provides cover for unforeseen and sudden physical damage due to electrical or mechanical breakdown e.g. air conditioners, refrigerators, photocopying machines
  • Plate Glass: Covers loss or damage to the Plate glass completely and securely fixed in the insured premises by accidental means
  • Neon Sign: Covers loss or damage to the neon / glow sign securely fixed in the insured premises by accidental means including Fire, Riot and strikes
  • Workmen's Compensation: Covers liability under the Workmen's Compensation Act' 1923 and /or Fatal accidents Act'1855 and / or Common law to pay compensation to employees for bodily injury or death caused due to accidents/occupational diseases arising out of and in course of employment
  • Personal Accident: Cover death or disability caused to employees due to sudden, unforeseen, uncontrollable and unexpected physical event caused by external, violent and visible means
  • Public liability: Protects business against legal liability in respect of accidental bodily injury to third parties and or accidental loss and /or damage to property belonging to third parties
  • Baggage: Covers loss, destruction or damage to the accompanied personal baggage of the Insured
  • Fidelity Guarantee: Insures a business against direct financial loss due to fraud or dishonesty of the employee.
Exclusions

Below are the major exclusions besides the deductible for the various policies

Standard fire & Special peril: Loss, destruction or damage caused by

  • War or war like operations
  • Ionizing radiations, contaminations by radioactive, nuclear fuels or waste
  • Pollution or contaminations losses
  • Losses of earnings or loss of Market share

Burglary: Loss, Destruction or damage caused by:

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

Electronic Equipment: Loss, destruction, or damage caused by

  • Wear & Tear
  • Faults or detects existing at the time of commencement of insurance within the knowledge of insured or his representative

Portable Equipment: Loss, destruction or damage caused by

  • Portable Equipment: Loss, destruction or damage caused by Process of cleaning, restoring, repairing or deterioration arising from wear and tear, moth vermin, insects or any other gradually occurring cause;
  • Detention or confiscation by customs or other authorities
  • Consequential losses or legal liability of any kind

Machinery Breakdown: Loss, destruction or damage caused by

  • Wilful act or neglect or gross negligence
  • Deterioration or wearing away / out by normal use

Money: Loss caused by

  • Collusion by any employee or agent of the Insured
  • Use of keys or duplicate keys
  • Use of counterfeit money

Plate Glass & Neon Signboard: Loss, destruction, or damage caused by

  • Scratches & Cracks
  • Whilst removing, replacing or in course of alteration

Workmen's compensation: Liability arising out of:

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

Baggage: Loss, destruction or damage caused by:

  • Mechanical or electrical derangement / breakdown
  • Loss of money, travel ticket, traveller’s cheque
  • Theft of baggage from any motor vehicle unless such is a fully enclosed vehicle

Personal Accident: Liability arising out of:

  • Intentional self-injury
  • Suicide
  • Injury accident under influence of alcoholic beverage

Public Liability: Liability arising out of :

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

Who should buy?

This policy provides insurance for all kinds of shops: * Small and Medium sized Shops including kirana stores * Convenience stores * Shopping Malls

Package Insurance


In today's world business owners work around the clock to keep ahead of competition, win businesses, handle staff and manage administration. They have little time to think about managing all the risks involved.

Benefits

This policy offers risk solutions suitable to "All" insurance requirements of most small and medium enterprises. Perilwise has an online calculator that allows you to get package policies online Check it out now and get the best rates from all the leading insurers.

Standard Fire and Special Perils:

Covers your property against loss or damage due to

  • Fire
  • Lightning Explosion / Implosion
  • Aircraft damage
  • Riot strike and malicious damage
  • Storm, cyclone, typhoon, tempest hurricane, tornado, flood and inundation
  • Impact damage due to rail road vehicle or animal not belonging to insured, Subsidence and landslide including rockslide
  • Bursting and/or overflowing of water tanks apparatus and pipes
  • Missile testing operations
  • Leakage from automatic sprinkler installations
  • Bush fire
Addons

The following optional covers are available.

  • Burglary: Covers all contents (covered under Standard Fire & Special perils) against Burglary or Housebreaking (theft following upon an actual forcible and violent entry of or exit from the premises), or Holdup including Robbery
  • Money in Safe: Covers loss of money (cash, bank notes, currency notes / coins, bank drafts, cheques, postal orders, money orders, treasury notes, current postage and revenue stamps) belonging to the business of the insured whilst securely kept in the insured premises and loss or damage to any safe, strong room or cash box securing money
  • Money in Transit: Covers loss of money belonging to the business of the insured whilst in transit between the business premises and / or premises of insured's bankers and / or locations or specified
  • Electronic Equipment: Covers electronic equipments (e.g. computers, printers, fax, UPS) etc., against any unforeseen sudden physical loss or damage unless excluded specifically
  • Portable equipment: Covers portable equipments e.g. laptops etc., against any loss, destruction or damage by Fire, Riots and strikes, Theft by visible physical forcible and violent means and accidental occurrence unless excluded specifically
  • Machinery breakdown: Provides cover for unforeseen and sudden physical damage due to electrical or mechanical breakdown e.g. air conditioners, refrigerators, photocopying machines
  • Plate Glass: Covers loss or damage to the Plate glass completely and securely fixed in the insured premises by accidental means
  • Neon Sign: Covers loss or damage to the neon / glow sign securely fixed in the insured premises by accidental means including Fire, Riot and strikes
  • Workmen's Compensation: Covers liability under the Workmen's Compensation Act' 1923 and /or Fatal accidents Act'1855 and / or Common law to pay compensation to employees for bodily injury or death caused due to accidents/occupational diseases arising out of and in course of employment
  • Personal Accident: Cover death or disability caused to employees due to sudden, unforeseen, uncontrollable and unexpected physical event caused by external, violent and visible means
  • Public liability: Protects business against legal liability in respect of accidental bodily injury to third parties and or accidental loss and /or damage to property belonging to third parties
  • Baggage: Covers loss, destruction or damage to the accompanied personal baggage of the Insured
  • Fidelity Guarantee: Insures a business against direct financial loss due to fraud or dishonesty of the employee.
Exclusions

Below are the major exclusions besides the deductible for the various policies

Standard fire & Special peril: Loss, destruction or damage caused by

  • War or war like operations
  • Ionizing radiations, contaminations by radioactive, nuclear fuels or waste
  • Pollution or contaminations losses
  • Losses of earnings or loss of Market share

Burglary: Loss, Destruction or damage caused by:

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

Electronic Equipment: Loss, destruction, or damage caused by

  • Wear & Tear
  • Faults or detects existing at the time of commencement of insurance within the knowledge of insured or his representative

Portable Equipment: Loss, destruction or damage caused by

  • Portable Equipment: Loss, destruction or damage caused by Process of cleaning, restoring, repairing or deterioration arising from wear and tear, moth vermin, insects or any other gradually occurring cause;
  • Detention or confiscation by customs or other authorities
  • Consequential losses or legal liability of any kind

Machinery Breakdown: Loss, destruction or damage caused by

  • Wilful act or neglect or gross negligence
  • Deterioration or wearing away / out by normal use

Money: Loss caused by

  • Collusion by any employee or agent of the Insured
  • Use of keys or duplicate keys
  • Use of counterfeit money

Plate Glass & Neon Signboard: Loss, destruction, or damage caused by

  • Scratches & Cracks
  • Whilst removing, replacing or in course of alteration

Workmen's compensation: Liability arising out of:

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

Baggage: Loss, destruction or damage caused by:

  • Mechanical or electrical derangement / breakdown
  • Loss of money, travel ticket, traveller’s cheque
  • Theft of baggage from any motor vehicle unless such is a fully enclosed vehicle

Personal Accident: Liability arising out of:

  • Intentional self-injury
  • Suicide
  • Injury accident under influence of alcoholic beverage

Public Liability: Liability arising out of :

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

Housing Society Insurance


Tata AIG General Insurance Company Limited Offers a complete insurance package that has been specially designed keeping in mind the insurance needs of housing societies. It is a one touch insurance solution that covers the property from threats like, fire, malicious damage, riot, earthquake, burglary, damage to property etc. This insurance offers risk solutions suitable to most of housing societies' insurance requirements. Perilwise has an online calculator that allows you to get package policies online Check it out now and get the best rates from all the leading insurers.

Standard Fire and Special Perils: Covers property against loss or damage due to

  • Fire
  • Lightning Explosion / Implosion
  • Aircraft damage
  • Riot strike and malicious damage
  • Storm, cyclone, typhoon, tempest hurricane, tornado, flood and inundation
  • Impact damage due to rail road vehicle or animal not belonging to insured, Subsidence and landslide including rockslide
  • Bursting and/or overflowing of water tanks apparatus and pipes
  • Missile testing operations
  • Leakage from automatic sprinkler installations &
  • Bush fire
Addons

The following optional covers are available:

  • Burglary: Covers all contents (covered under Standard Fire & Special perils) against Burglary or Housebreaking (theft following upon an actual forcible and violent entry of or exit from the premises), or Holdup including Robbery.
  • Money in Safe: Covers loss of money (cash, bank notes, currency notes / coins, bank drafts, cheques, postal orders, money orders, treasury notes, current postage and revenue stamps) belonging to the business of the insured whilst securely kept in the insured premises and loss or damage to any safe, strong room or cash box securing money.
  • Workmen's Compensation: Covers You for your liability under the Workmen's Compensation Act' 1923 and /or Fatal accidents Act'1855 and / or Common law to pay compensation to employees for bodily injury or death caused due to accidents/occupational diseases arising out of and in course of employment.
  • Public liability: Protects You against your legal liability in respect of accidental bodily injury to third parties and or accidental loss and /or damage to property belonging to third parties.
Exclusions

Standard fire & Special peril: Loss, destruction or damage caused by

  • War or war like operations
  • Ionizing radiations, contaminations by radioactive, nuclear fuels or waste
  • Pollution or contaminations losses
  • Losses 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:

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