Bharat Laghu Udyam Suraksha

This product is meant for all risks (except dwellings) in India where the total ‘Value at Risk’ above Rs 5 crore upto Rs 50 crore across all insurable asset classes at any one location at the commencement of the insurance cover

It covers loss due to unexpected events which result to physical loss, damage or destruction of building and structures, plant and machinery, stock and other assets relating to your business.

You can purchase the following optional cover by paying an additional premium.

1. Floater Cover: Provides cover for stocks at multiple locations under one sum insured

2. Declaration Policy for Stocks: Provides cover for frequent fluctuations in stock/stock values on a declaration basis.

During the Policy Period, if the value of Insurable Assets exceeds 50 crores or falls below 5 crores, the Bharat Laghu Udyam Suraksha policy shall continue till the policy expires. The Bharat Laghu Udyam Suraksha policy must be replaced with the applicable policy when it is renewed.

Under insurance is waived up to 15%, but beyond that under insurance is applicable to full extent.

We do not cover losses and expenses caused by or arising from events, stated below

1. i.Excess of 5 % of each claim, subject to a minimum of ₹ 10,000 ( Rupees Ten Thousand). This means that We will deduct 5 % of each claim, subject to a minimum of ₹ 10,000 (Rupees Ten Thousand) for each and every loss suffered by the insured under the terms of this policy.

   ii.For terrorism risk the Excess shall be as per the clause attached to this policy

2. Your deliberate, wilful or intentional act or omission, or of anyone on Your behalf, or with Your connivance

3. Loss, destruction or damage to the stocks in cold storage premises caused by change of temperature

4. Your Premises or any Insured Building remaining continuously unoccupied for a period of more than 30 days, unless You have obtained prior written approval from Us and such approval is recorded as an endorsement on the Policy

5. War, invasion, act of foreign enemy hostilities or war-like operations (whether war is declared or not)

6. civil war, mutiny, civil commotion amounting to a popular rising

7. Pollution or contamination

8. Loss, destruction or damage to bullion or unset precious stones, any curios or works of art

9. Costs, fees or expenses for preparing any claim

In the unfortunate event of any claim under the policy, please intimate IMMEDIATELY to our Call Centre at Toll Free Numbers: 1800 200 4030 or Email at contactclaims@universalsompo.com. Please note that no delay should be allowed to occur in notifying a claim on the policy as the same may prejudice liability

The documents can be scanned and sent across to enable us to start with the claim process. Once we receive the originals the process would be complete

The documents have to be dispatched to the below address:

Universal Sompo General Insurance Co.Ltd. Airoli Office-Unit No.601 & 602,A wing, 6^th floor, Reliable Tech Park, Cloud City Campus, Gut no 31, Mouje Elthan, Thane Belapur Road, Airoli, Navi Mumbai – 400708

Contact Details:

Name of the company: Universal Sompo General Insurance Company Limited

Registered & Corporate Office: Office No. 103, 1st Floor, Ackruti Star, MIDC Central Road, Andheri (East), Mumbai 400093, Maharashtra. Tel: 02241659800/ 900

Website: www.universalsompo.com.

E-mail: contactus@universalsompo.com

Customer Service: Toll Free Numbers: 1800 22 4030 / 1800 200 4030

Note: Please note that above is the gist. Please read the policy wordings in detail