Insurance
General Insurance
Bajaj Allianz Bharat Sookshma Udyam Suraksha Policy

At a Glance

  • New Standard Fire product introduced by IRDA for covering Micro Businesses
  • Single policy offering coverage to various risks for Building, stock & contents
  • Enhanced coverages, Innovative add on
  • Under-Insurance waiver up to 15%
  • EQ, STFI & Terrorism, Spontaneous combustion, Forest fire part of standard cover
  • Property held in trust/commission automatically covered
  • Impact damage cover extended for any impact
  • In-built cover for Floater policy
  • Addition, alteration and extension up to 15% of Sum insured for that item
  • Theft cover within 7 days of occurrence of loss

Key Features:

Key Features

Bharat Sookshma Udyam Suraksha

Total value of Insurable risk Covered

Not exceeding ₹ 5 Crore at any one location

Policy period

Not more than 12 months

Perils Covered

1. Fire, including due to its own fermentation, or natural heating or spontaneous combustion                   

2. Explosion or implosion                                              

3. Lightening                                                                               

4. Earthquake, volcanic eruption or any other convulsions of nature                                                     

5. Storm, Cyclone, Typhoon, Tempest, Hurricane, Tornado, Tsunami, Flood and Inundation                      

6. Subsidence of the land on which Your Premises stand, Landslide, Rockslide                                                       

7. Bush fire, Forest fire, Jungle Fire                                

8. Impact Damage of any kind               

9. Missile testing operations                                                

10. Riot, Strikes, Malicious Damages                               

11. Acts of terrorism                                                                              

12. Bursting or overflowing of water tanks, apparatus and pipes                                                                   

13. Leakage from automatic sprinkler installations                                                                       

In-Built Covers

1)      Additions, alterations or extensions up to 15% of the sum insured for that item (excluding stocks)

2)      Temporary removal of stocks - Loss to stock up to 10% of value

3)      Start-up expenses – Up to Rs. 1lac

4)      Professional Fees – Up to 5% of the claim amount

5)      Removal of Debris – Up to 2% of the claim amount

6)      Costs compelled by Municipal Regulations

7)      In built Floater Cover for Stocks

8)      Earthquake, STFI & Terrorism cover

 

Add On Covers

Both Floater and Declaration

Coverage for specific Contents

1. Money for an amount not exceeding ₹50,000

2. Deeds, Business books or documents etc. but only for the cost of the materials and clerical labour in reproducing such records up to Rs.50,000

3. Computer programs, data but only for the cost of the materials and clerical labour in reproducing such records up to Rs.5 Lac

4. Employees, Directors, Visitors personal effects (other than vehicles) up to Rs.15000 per person for a max of 20 persons.

Basis of Fixing Sum Insured:

  1. Building, Plant and Machinery, Furniture, Fixture and Fittings & any other Contents: - 
    1. On Reinstatement Value basis
  2. For Stocks:
    1. raw material: landed cost at Your Premises.
    2. stock in process: input cost of the stock at the time of loss.
    3. finished stock: the manufacturing cost of the Finished Stock or the Contract Price of goods sold but not delivered
  3. Bullion or unset precious stones, any curios or works of art or obsolete machinery, etc. subject to a valuation certificate being submitted On Agreed Value basis

Compulsory Excess: ₹ 5,000 (Rupees Five Thousand) for each claim.

For more details https://www.bajajallianz.com/download-documents/commercial-insurance/Bharat-Sookshma-Udyam-Suraksha-Policy/Bharat-Sookshma-Udyam-Suraksha-Policy-pw.pdf

Disclaimer

Bajaj Allianz Bharat Sookshma Udyam Suraksha Policy is an IRDAI approved product with UIN: IRDAN113RP0010V01202021 which is underwritten and serviced by Bajaj Allianz General Insurance Co. Limited. This brochure is not a contract of Insurance. Please refer policy document for exact terms and conditions and specific details applicable to this Insurance. Your participation in this insurance product is purely on a voluntary basis. We advise you to take your own professional advice before you participate.

DBS Bank India Limited (IRDA of India Registration Number: CA 0257) having the registered office at GF: Nos. 11 & 12, Capitol Point BKS Marg, Connaught Place, Delhi - 110001 is the Corporate Agent of Bajaj Allianz General Insurance Company Limited (IRDA of India Regn.No.113) CIN: U66010PN2000PLC015329 having the Registered office address at Yerwada Pune - 411006. DBS Bank India Limited (Bank) does not underwrite the risk or act as an insurer. The Bharat Sookshma Udyam Suraksha policy by Bajaj Allianz with UIN: IRDAN113RP0010V01202021 is underwritten by Bajaj Allianz General Insurance Company Limited. The contract of insurance is between the insurer and the insured and not between the Bank and the insured. Bank does not give any warranty, as to the accuracy and completeness of the policies. Bank does not accept any liability or losses attributable to your contract of Insurance. Participation by the Bank’s customers in the insurance products is purely on a voluntary basis and is not linked to availment of any other facility from the bank. ISNP registration valid.

The contents and product information of this web site are given strictly for your convenience and is indicative in nature and ‘as is’ received from the Insurer. Nothing contained herein is to be construed as advice, recommendation, offer for a policy or any other assistance. Bank does not guarantee that this website reflects latest amendments/ information at all times or at any time. Bank shall have no liability to the customer for any loss or damage of any kind incurred for reliance on the content and product information available on this website.

For more details on risk factors, terms and conditions, exclusions, please read sales brochure of insurer and policy terms and conditions carefully before concluding a sale. Tax benefits are available as per the prevailing tax laws, which are subject to change.

Contact our 24-hour toll free customer service helpline number 1-800-209-4555 / 1-860-267-1234 or our overseas customer service number 91-44-66854555 or write to us at [email protected]. Visit us at: www.dbs.com/in

UIN: IRDAN113RP0010V01202021

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