ASSIGNMENT

NATIONAL INSURANCE COMPANY LIMITED

SUBMITTED TO DR. B. CHARUMATHI

SUBMITTED BY SHAILENDRA KUMAR SECTION µB¶ DMS, PU

National Insurance Company Limited was incorporated in 1906 with its registered office in Kolkata. Consequent to passing of the General Insurance Business Nationalization Act in 1972, 21 Foreign and 11 Indian Companies were amalgamated with it and National became a subsidiary of General Insurance Corporation of India (GIC) which is fully owned by the Government of India. After the notification of the General Insurance Business (Nationalization) Amendment Act, on 7th August 2002, National has been de-linked from its holding company GIC and presently operating as a Government of India undertaking. National Insurance Company Ltd (NIC) is one of the leading public sector insurance companies of India, carrying out non life insurance business. Headquartered in Kolkata, NIC's network of about 1000 offices, manned by more than 16,000 skilled personnel, is spread over the length and breadth of the country covering remote rural areas, townships and metropolitan cities. NIC's foreign operations are carried out from its branch offices in Nepal. Befittingly, the product ranges, of more than 200 policies offered by NIC cater to the diverse insurance requirements of its 14 million policyholders. Innovative and customized policies ensure that even specialized insurance requirements are fully taken care of.

Awards The company received the Best Auto Insurer 2010 award from J. D. Power and Associates in the Asia Pacific for customer satisfaction. The criteria evaluated for the award included interaction, claims, product/policy offerings, renewal/purchase process, billing/payment process and premium/price. Product and Services NICL has a range of coverage policies targeting different sectors
1. 2. 3. 4.

Personal Line Insurance Rural Line Insurance Industrial Line Insurance Commercial Line Insurance

1. Personal Line Insurance
Personal Line Insurance is meant to cover risks of person and property of individuals or group of individuals or liability developing upon them. Insurance of persons would include Personal Accident, Mediclaim, Critical Illness, Amartya Siksha Yojana, among others. Insurance of property would include Householders', NiwasYojana, Motor etc. Insurance of liability would include liability devolving on a person arising out of his personal actions / inactions or out of the practice of his/her profession, such as, Personal Liability, Professional Indemnity for a Doctor / Lawyer etc. The personal Line is further classified as following:

i)

Motor Policy ± Two Wheelers

Policy indemnifies bona fide owner of Two wheeler, used for personal purposes against the loss due to damage / theft / burglary of vehicle or any part there of, electrical accessories and also includes cover against liability towards third party personal injury and property damage.
Salient features

Motor Insurance Contracts are subject to the basic principles applicable to property and liability insurance in general. The owner of the vehicle must bear a legal relationship to the vehicle whereby he or she stands to benefit by the safety of the vehicle, right, interest or freedom from liability and stands to lose by any loss, damage, injury or creation of liability.
Scope of cover

There are two types of policies available..... Policy A - to cover Act liability. Policy B - to cover both own damage losses and Act liability. Section I of Standard form of Private Car Policy (B) or Motor Cycle/Scooter Policy covers against loss or damage to the insured vehicle and/or its accessories whilst thereon. a) By fire, explosion (both external and internal), self-ignition or lightening; b) By burglary, housebreaking or theft; c) By riot and strike; d) By earthquake (fire and shock damage); e) By flood, typhoon, hurricane, storm, tempest, inundation, cyclone, hailstorm; f) By accidental external means; g) By malicious act; h) By terrorist activity; i) Whilst in transit by road, rail, inland waterway, lift, elevator or air. Section II covers Liability to third parties which means this section provides indemnity to the Insured in the event of accident caused by or arising out of the use of the motor vehicle against all sums, including claimants costs and expenses, which the insured shall become legally liable to pay in respect of -y Death of or bodily injury to any person, including occupants carried in the motor vehicle, provided such occupants are not carried for hire or reward , but not where such death or injury arises out of and in the course of the employment of such person by the Insured. Limits of Liability under this section as per M V Act , 1988 is unlimited ;

(for further details please contact nearest office) Rate of Premium: Rs.in respect of any one claim or series of claims arising out of one event but Tariff however provides for increased limits up to unlimited liability for TP ( Third Party ) property damage. at an additional premium. Section V : Breakdown of domestic appliances This Section Covers Loss or damage to domestic appliances caused by mechanical and/or electrical breakdown.10.50 per mille. Sum Insured in respect of each item should be its new replacement value. strike. such as riot. and inundation earth quake etc. Rate of Premium: Rs. lightning. Recent invoice/receipt or valuation Certificate should be obtained for items valued at more than Rs. ii) Householders Policy Policy covers risks of different types and protects the house as well as personal effects and household goods. 10. 2.6000/. Limits of Liability is Rs. cyclone.each. Section II: Burglary & Housebreaking including larceny and theft This covers all contents in the premises against the above risks.40 per mille. Rate of Premium: Rs. Scope of Cover Section I: Fire & Allied Perils a) Building b) Contents This covers loss of or damage to the building/contents by fire & allied perils. It covers under single policy a number of risks. Section III : All Risks This covers loss or damage to jewelry & valuables caused by accident whilst anywhere in India. flood. explosion. 0. Rate of Premium: Rs. Salient Features Personal effects and household goods belonging to individual householders can be covered under this Insurance. . The Sum insured on contents under this section as well as Section I will be the same.5000/. Section IV: Plate Glass This covers loss of or damage to fixed plate glass in the insured premises by accidental breakage.05 per mille.y Damage to property other than property belonging to the insured or held in trust or in the custody or control of the insured.05 per mille.

burglary and/or housebreaking or theft. his spouse and his children. Section VI: Television Sets & VCR/VCP This covers: y Loss of or damage to the television apparatus and VCR/VCP in insured premises by fire and allied perils. Medical expenses arising out of an accident up to 10% of Capital Sum Insured or 40% of the admissible claim whichever is lower against an additional Premium of 20% of basic Premium.05 per mille.10/.Excess: One percent of the Sum Insured in respect of each domestic appliance separately or Rs.e.of each and every loss due to accident. Legal liability up to a limit of Rs. Rate of Premium: Rs.000/.1.the full claim is payable. Additional Benefits: 1. housebreaking or theft and accidental external means. 2. Rate of premium: Rs.10. Section VIII: Baggage This covers loss or damage to Insured¶s accompanied baggage by accident or misfortune whilst the Insured is on tour or holiday anywhere in India. .10/. i. Expenses incurred for carriage of dead body of Insured (death due to accident only) to place of residence subject to a maximum of 2% of Capital Sum Insured of Rs. permanent total disablement.000/- Rate of premium: Rs. Section IX: Personal Accident The Insured.05 per mille.7. all between the age of 5 and 70 years can be covered under this section.000/Damage to Insured¶s property caused by breakage of the antenna fittings up to a limit of Rs.50/whichever is higher. Section VII: Pedal cycle This covers: y y Loss of or damage to pedal cycle belonging to Insured by Fire and allied perils. The insurance covers death.000/-. Franchise: Rs. accidental external means and mechanical or electrical breakdown.10.3.50 per mille.25. burglary.whichever is lower.2. permanent partial disablement and Temporary total disablement. if the loss or damage exceeds Rs. y y Rate of Premium: Rs.20. Legal liability up to a limit of Rs.55 per mille.

45 0.100% Loss of two limbs.65 1. two eyes or one limb and one eye-100% 3.40 Risks 0.40 to Rs.00 per mille (for details Please refer Policy literature for our Personal Accident Policy).000/The Insured is indemnified against the compensation to his employees that he becomes legally liable to pay under the Workmen¶s Compensation Act 1923.25 1. loss of limbs.Rate of premium: Ranging from Rs. permanent total disablement.00 3. 2.90 .90 IA 1 to 4 0. Salient features The policy compensates individual against death. Fatal Accidents Act.50 2. Section X: Public Liability y y The Insured is indemnified in respect of legal liability up to a limit of Rs. 0. Permanent Partial Disablement % of CSI as Detailed in the Policy 6. solely and directly resulting from accidental injuries. loss of eyesight. Payable as % of CSI Table Benefits Covered Rate (Rs.50 I 1 0. Temporary Total Disablement 1% of CSI per week up to 104 weeks III 1 to 6 1. 4. Scope of Cover and Premium Rating Serial Contingency and Benefit No. Death only . permanent partial disablement and temporary total disablement. Per mile) Normal Medium Risks 1.00 II 1 to 5 0. iii) Personal Accident Policy Policy compensates individuals against accidental injuries resulting in disability or death. 1855 or at Common Law in respect of death of or bodily injury to such employees arising out of and in the course of employment. Loss of one limb or one eye-50% Permanent Total Disablement from injuries other than those named above (PTD-100%) 5.90 1.3.25.60 Heavy Risks 0.

pancreas or bone marrow.maximum.000/- iv) Critical Illness Policy Policy provides exclusive benefit to individuals in the age group 20-65 years who are unexpectedly diagnosed for treatment of critical ailments like Coronary Artery Surgery. . 10 Lacs Rs. 5 Lacs Rs. 20 Lacs Rs. Stroke Multiple Sclerosis Major organ transplants like kidney. 25 Lacs The amount chosen will be available in lump sum to the individual to take care of medical expenses incurred In case of the above illness Compensation for Coronary Artery Surgery shall be limited to 20% of the limit of indemnity. Major Organ Transplant.5. Cancer.e. Weekly benefits not to exceed Rs. Cancer Renal Failure i. Salient Features Critical Illness Policy is an exclusive benefit policy for individuals in the age group 20-65 years covering The following critical ailments :Coronary Artery Surgery. Failure of both Kidneys. lung. Scope of Cover The Sum Insured under the policy will have four levels: Level I Level II Level III Level IV Rs. Stroke or Multiple Sclerosis. Salient Features Policy covers Non-Resident Indians in the age range of 5 and 70 years. Renal Failure. v) NRI accident Policy Policy covers Non-Resident Indians and family against loss arising from accidental injuries including death. Scope of Cover There would be three schemes based on Capital Sum Insured for the Insured to choose one 10% Discount on premium is allowed if the family of the NRI is insured under the policy.

The duration of the Policy issued will be limited to the duration of the covered course.5000 30% 5001 . applicable group discount would be allowed as under : Group Strength Discount Upto 100 10% 101 .to the nominee.000/.10000 40% On cancellation of policy during the currency.50/. applicable refund as per scheme would be allowed.25.25. Salient Feature Welfare of women mainly of rural and semi-urban irrespective of income. The student children to be covered under the Policy must be in the age group of 4 to 25 years.to the wife. legal heir. Death of married woman not covered. Scope of Cover y y y y y y y The Policy will also cover the first admission fees but will excluded Donation /Capitation Fees if any. . For Group Policy covering 26 and more students.500 25% 501 . (Death of married women not covered) Of unmarried Women Rs. occupation. Salient Features The policy is basically intended for covering expenses to be incurred after happening of the accidental contingency to the insured parent/guardian of the insured student child for continuation of the insured student¶s education in respect of the covered course till completion of the course. Minimum Premium under Ind. Scope of Cover DEATH y y y Of Husband in case of married women Compensation Rs.and Group Policy Rs.000/.vi) Amartya Siksha Yojana Policy Policy covers cost of education of student/students in the age group of 4 to 25 years in the event of death of Parent/Guardian thus providing for continuation of studies. A maximum of two student children can be covered under one Policy in respect of one particular insured Parent and within the limit of one Sum Insured only. Policy is Rs.100/- vii) Rajrajeshwari Mahila Kalyan Yojna Policy It is specially designed to protect the welfare of women mainly in rural and semi-urban areas.

snakes and/or animals. viii) Bhagyashree Child welfare Policy Policy provides protection to the girl child in the event of death of either or both the parents. arising out of : y y y y y y Slipping /falling off mountainous terrain. 000/. y . rockslides. Scope of Cover y y y y For child in the age group of 0 to 18 years. Biting by (a) Insects (b) Snakes.D. rape.25. (e) Cyclone.PERMANENT TOTAL DISABLEMENT OF THE INSURED WOMEN ONLY y y y Permanent Total Disablement Rs.500/- DEATH OR DISABILITY BY ACCIDENT WOULD INCLUDE death and P. Salient Feature Child welfare policy meant for protection of child in the event of death of either or both the parents. Insurance protection is not for the girl child but for her parents. however.25. (b) Landslides. Death of mother of the child caused by surgical operations such as y y Sterilization Caesarean. murder and terrorist activities covered.000/Loss of one limb of one eye or loss of two limbs or both eyes Rs. not beyond a period of seven days from the date of surgical operations.25. cyclone and/or natural calamities. landslides.) Caused by y y y y y y Surgical Operations such as Sterilization Caesarian Hysterectomy Cancer Operations arising from removal of breasts Child Birth. Fixed sum insured of Rs.premium Rs. benefit will accrue to the child. Death of parent/s would include death arising out of or traceable to slipping and/or falling from mountainous terrain. (f) Other Convulsions of nature/calamities Murder Terrorist activities Any other accidental causes DEATH IN CASE OF WOMEN (it also includes death and or P.T. biting by insects.a.12.p. drowning or washing away in floods. (c) Rockslides (d) Earthquake.D. (c) Animals Drowning/Washing away by (a) Floods.000/Loss of one limb/sight in one eye Rs. earthquake.T.15/. and age of parents below 60 years. any other accidental causes.

Balance amount standing to the credit of the girl child would be paid to the surviving parent or guardian. National Insurance Company (NIC) has developed a unique product called Traffic Accident Policy. People travel for business. xi) Baggage Policy Policy indemnifies individual or a party against loss/damage to personal effects such as clothing etc. Earthquake etc. education and other requirements. 1. To offer the Indian traveller protection in respect of road/rail travel. Salient Feature The Policy comprises of two sections:Section I is intended to cover building and owners permanent fixture and fittings. 4. sum Insured will be deposited in the name of the insured girl child and she will get benefit as under : y y y In the event of discontinuation of studies between 6 and 17 years. holiday. Section II is Death/Permanent Total Disablement of Loanee. the Scholarship will not be paid. 2. Salient Feature Travel Insurance is now an essential security tool. At the time of child birth are also covered provided that death occurs within a period of seven days from the date of operation. Salient Feature Clothing and personal effects normally taken on holiday or other journey By an individual or a party. Policy will cover building of Class A construction only. 5. Storm. In the case of death of the girl child before attaining the age of 18 years. . Travel has become essential for the average citizen. 1 lac in case of road/rail accidents resulting in injuries/death. Premises under construction will also be covered. on completion of 18 years the Balance amount in here credit will be paid to her as lump sum. x) Niwas Yojna Policy Policy insures repayment of housing loan in case of accidental death/Permanent Total Disablement of loanee and also covers residential building and the owners permanent fixture and fittings against Fire and allied perils including Flood. The Financial Institution/employer can take group policy. In case of death of either or both the parents due to an accident as above. Death by Rape attempts. carried as baggage during travel.y y Removal of uterus and removal of breast/s due to cancer. ix) Traffic Accident Policy Policy provides hospitalization expenses up to Rs. Group discount will be Allowed only for PA Section (Sec II). instead. 3. 1 lac and Personal Accident Benefits up to Rs. The Policy will cover the risk of financiers and the loanee/owner of the premises Mentioned in the schedule of the policy. to ensure protection against unforeseen accident whilst travelling.

theft or any other accident or misfortune Whilst in transit by land. gold ornaments. families. xii) Mediclaim Policy Provides protection to individuals. an additional premium to be charged on the value of such items.5.Notes: Each item of jewelry. medical practitioner. radiotherapy. operation theatre charges. whether including surgery or not. artificial limbs and cost of organs and similar expenses. The policy may be extended to cover riot & strike risks by charging an additional premium. Scope of Cover Mediclaim insurance policy has been devised under the aegis of the Government of India. cost of pacemaker. water or air in all places and situations throughout The journey or period of insurance and within the limited stated in the Policy. jewelry. bonds. travellers cheques or letter of credit. y Nursing expenses. anesthetist. 1) Reimbursement of hospitalization expenses which are reasonably and necessarily incurred. whether involving surgery or not. medicines and drugs. employers. y Fees of surgeon. chemotherapy. is in excess of 50% of the total value at risk. surgical appliances. X-ray. families. employees and welfare bodies against heavy financial burden for treatment in hospitals for illness. blood. under the following heads: y Room. Destruction or damage by fire. cameras and similar articles exceeding 5% of the Total Sum Insured in value. imposes heavy financial burden on individuals. watches. diagnostic material. oxygen. disease or accident. employers and welfare bodies. ornaments etc.000/Where the total value of jewelry. Underwriting Instruction . travel tickets or coupons. disease or accident. consultant and specialist. 2) Introduction of Sub-Limits: The following provisions have been introduced: . unless specifically mentioned. dialysis. y Expenses on account of anesthesia. is to be specifically Declared for insurance and a valuation certification should be Obtained in respect of such items valued at more than Rs. securities or documents of any kind. field glasses. Salient Feature Hospitalization for illness. boarding expenses as provided by the hospital/nursing home. trinkets. The policy provides the following benefits. furs. loss of or damage to gold and silver articles.Scope of Cover y y y y y y y y The insurance covers the property specified in the schedule against loss. Some Exclusions: loss of cash or notes. etc.

... Section I of Standard form of Private Car Policy ( B ) or Motor Cycle/Scooter Policy covers against loss or damage to the insured vehicle and/or its accessories whilst thereon. Radiotherapy. 80D of the l...Room Rent limit: 1 % of the Sum Insured per day subject to maximum of Rs. damage. Consultants Special fees ± maximum limits per illness ± 25% of S.I... housebreaking or theft. By flood.5000..y y y y y y Room..000/-.Benefits will accrue only if the Policy is a renewal of µNational¶. By earthquake (fire and shock damage).. Chemotherapy.C.. Act. spouse. hailstorm. used for personal purposes against the loss due to damage / theft / burglary of vehicle or any part there of. Policy A . Scope of Cover There are two types of policies available. Salient Feature Motor Insurance Contracts are subject to the basic principles applicable to property and liability insurance in general. interest or freedom from liability and stands to lose by any loss. self-ignition or lightening./-.I. hurricane. The owner of the vehicle must bear a legal relationship to the vehicle whereby he or she stands to benefit by the safety of the vehicle. cyclone. inundation.. Unit Expenses: 2 % of Sum Insured per day subject to maximum of Rs. Over all limits under this head: 25% of S.. Oxygen. storm.. drugs.. Diagnostic Material & X-Ray. By burglary. Policy B . Board and Nursing Expenses as provided by the Hospital /Nursing Home.. per illness. injury or creation of liability. Maximum limit per illness ± 50% of Sum Insured. Blood. typhoon. a) b) c) d) e) By fire. artificial limbs and cost of stent and implant. Ambulance services .1% of the sum insured subject to maximum of Rs 1000/. Medical Practitioner.to cover Act liability. Dialysis. Hospitalization expenses of person donating an organ during the course of organ transplant will also be payable subject to the sub-limits under µc¶ above.T. Medicines. . Anesthesia. cost of pacemaker. explosion (both external and internal). By riot and strike. Anesthetist...to cover both own damage losses and Act liability. 10.. tempest. dependent children and dependent parents are exempt from Income Tax under Sec. 4) Cost of Health Check Up and Cumulative Bonus . 3) Premium paid for the policy towards self. xiii) Motor Policy ± private car Policy indemnifies bona fide owner of Motor Car. electrical accessories and also includes cover against liability towards third party personal injury and property damage. Surgeon. right.. Surgical appliance. I.provided registered ambulance is used for shifting patient from residence to hospital if admitted to ICU or emergency ward OR from one hospital to another subject to sub-limits under above. OT charges.

The insured includes the policyholder and his qualified assistants or employees as named in the proposal form.6000/. (ii) xiv) Professional Indemnity for doctors Policy covers liability on account of errors and omission of doctors while rendering professional services. Limits of Liability under this section as per M V Act . including occupants carried in the motor vehicle. elevator or air. fees and expenses incurred with the prior consent of the insurer in the investigation. a) Legal liability as fixed by courts in India to pay compensation. 1988 is unlimited . . at an additional premium. inland waterway. i) Whilst in transit by road. Scope of Cover The policy indemnifies any act committed by the insured. which the insured shall become legally liable to pay in respect of -(i) Death of or bodily injury to any person. Damage to property other than property belonging to the insured or held in trust or in the custody or control of the insured. Limits of Liability is Rs. lift . This means all costs.in respect of any one claim or series of claims arising out of one event but Tariff however provides for increased limits up to unlimited liability for TP ( Third Party ) property damage. defense or settlement of any claim made against the insured. It applies to claims arising out of bodily injury and/or death of any patient caused by or alleged to have been caused by error. provided the claim falls within the ambit of the policy. b) Defense costs and expenses.f) By accidental external means. Salient Feature This insurance covers legal liability arising from errors and omissions on the part of Registered Medical Practitioners while rendering professional service. The amount of payment under (a) and (b) will not exceed the amount insured for in the policy under the limit of Any One Accident (AOA) in respect of any or all claims made against the insured arising out of Any One Accident. including claimants costs and expenses. but not where such death or injury arises out of and in the course of the employment of such person by the Insured. Section II covers Liability to third parties which means this section provides indemnity to the Insured in the event of accident caused by or arising out of the use of the motor vehicle against all sums. rail. h) By terrorist activity. omission or negligence in professional service rendered or which should have been rendered by the insured or qualified assistants named in the schedule or any nurse or technician employed by the insured. who shall be a Registered Medical Practitioner. g) By malicious act. provided such occupants are not carried for hire or reward . giving rise to any legal liability to Third Parties.

However. . Salient Feature Star National Swasthya Bima policy is a unique Health Policy designed especially for the Account holders of Bank of India. Operation Theatre Charges. Radiotherapy.50. either one or all members of the family. Boarding expenses as provided by the Hospital/Nursing Home.5. Anaesthetist. the entire family is covered for the Floater Sum Insured as opted for. Artificial Limbs and cost of organs and similar expenses. Cost of pacemaker. Dialysis. Chemotherapy. spouse and two dependent children up to the age of 21 years can be covered under this policy. is available. Medical Practitioner. either one or all members of the family. It also provides for continuation of insured students education in case of death or permanent total disablement of the guardian due to accident. i. Consultants. renewals are allowed up to 80 years at a premium to be fixed by the Company. The entire family consisting of the account holder.to Rs. as stated above. This policy covers Hospitalization expenses for account holder and family. Surgical appliances. Salient features VIDYARTHI-Mediclaim for Students is a unique policy designed to provide Health and Personal accident cover to the students. xvi) Vidyarthi ± Mediclaim for students VIDYARTHI-Mediclaim for Students is a unique policy designed to provide Health and Personal accident cover to the students. i. spouse and two dependent children up to the age of 21 years can be covered under this policy. Oxygen.. Anaesthesia. It also provides for continuation of insured students education in case of death or permanent total disablement of the guardian due to accident. Coverage options ± 8 Slabs ranging from Rs. Diagnostic Materials and X-Ray.000/. Specialists Fees. can utilize the Sum Insured during the policy period. In case of Hospitalization Expenses. Nursing expenses.. Blood. Surgeon. Scope Of Cover y y y y y y y Room. In case of hospitalization Expenses. The entire family consisting of the account holder. This policy covers Hospitalization expenses for account holder and family.e. as stated above.e. Age: 3 months to 65 years. the entire family is covered for the Floater Sum Insured as opted for.00. Medicines & Drugs. can utilize the Sum Insured during the policy period.xv) Star National Swasthya Bima Policy Star National Swasthya Bima policy is a unique Health Policy designed especially for the Account holders of Bank of India.000/-.

Cost of pacemaker. If such injury within twelve calendar months of its occurrence shall be the sole and direct cause of the death of the Insured persons the Capital Sum Insured stated in the Schedule. Medicines & Drugs. Section I . 3) Surgeon.Personal Accident to student and guardian of the student a. Blood. Oxygen. 4. Operation Theatre Charges. or of one hand and one foot or of such loss of sight of one eye and such loss of use of one hand or one foot. Medical Practitioner. Statutory Authority. Dialysis. Diagnostic Materials and X-Ray. diseases or accident Scope of Cover 1) Room. Consultants. Specialists Fees.Hospitalization for illness. 3. Chemotherapy. . The Educational Institutions may also take a Group Policy covering named students enrolled with them. Surgical appliances(any disposable consumables subject to upper limit of 10% of Sum Insured). 2. Age: 3 years to 25 years. 2) Nursing expenses. Artificial Limbs and cost of Stents and implants Note: Hospitalization expenses of person donating an organ during the course of organ transplant will also be payable subject to the sub limits under ³4´ above applicable to the insured person within the overall sum insured of the insured person. Section II & III . Boarding expenses as provided by the Hospital/Nursing Home. Anaesthetist. University and AICTE or any other Govt. fifty per cent to the capital sum insured stated in the schedule hereto. Council. Radiotherapy.Parents/Legal Guardian of individual student in any Registered Educational Institution affiliated to any State Board. the capital sum insured stated in the schedule hereto. If such injury within twelve calendar months of its occurrence shall be the sole and direct cause of the total and irrecoverable loss of sight of one eye or total and irrecoverable loss of use of a hand or foot. 4)Anaesthesia. If such injury within twelve calendar months of its occurrence shall be the sole and direct cause of the total and irrecoverable loss of sight of both eyes or total and irrecoverable loss of use of two hands or two feet. If such injury within twelve calendar months of its occurrence shall be the sole and direct cause of permanently totally and absolutely disabling the Insured from engaging in being occupied with or giving attention to any employment or occupation of any description whatsoever the Sum Insured stated in the Schedule. Scope of Cover If the Insured persons shall sustain any bodily injury resulting solely and directly from Accident caused by external violent and visible means then the Company shall pay to insured the sum hereinafter set forth that is to say 1. within the territory of India may take this policy.

the entire family is covered for the Floater Sum Insured as opted. Section I . Anaesthetist.Hospitalization expenses for a/c.I. Section II . Medical Practitioner. 3) Surgeon. under Hospitalization & Personal Accident cover 2.e. The entire family consisting of the a/c holder. Radiotherapy. under Hospitalization & Personal Accident cover . holder and family In case of Section-II ± Death due to Personal Accident. Consultants. Spouse :50% of the family S. spouse and 2 dependent children and two dependent parents can be covered under this policy. Each Dependant Children : 25% of the family S. a. Age: 3 months to 65 years. Under both the plans there are two sections. Artificial Limbs and cost of organs and similar expenses.I. Oxygen. Surgical appliances.. i.I. Chemotherapy. Diagnostic Materials and X-Ray. Medicines & Drugs.I. Blood.Personal Accident for a/c.xvii) UCO Medi + Care Bima Policy Uco Medi+ Care Bima is a unique Health cum Accident Policy designed especially for the a/c holders of Uco Bank. For Primary member : 100% of the family S. 2) Nursing expenses. two dependant children up to 21 years of age and dependant parents will be covered. holder and family In case of Section-I. the capital Sum Insured per person under this section will be as under: 1. under Hospitalization & Personal Accident cover 4. his/her spouse and two dependant children up to 21 years of age will be covered. Operation Theatre Charges. spouse and 2 dependent children and two dependant parents can be covered under this policy. Under Plan-B Insured. Scope of Cover 1) Room. Salient Feature Uco Medi + Care Bima is a unique Health cum Accident Policy designed especially for the a/c holders ofUco Bank. ie. Under Plan A ±Insured. Dialysis. 4) Anaesthesia. under Hospitalization & Personal Accident cover 3. Scope of cover: Insured may opt cover either under Plan.. either one or all members of the family can utilize the Sum Insured during the policy period. Each Dependant Parent : 20% of the family S. his/her spouse. Boarding expenses as provided by the Hospital/Nursing Home. Specialists Fees. Cost of pacemaker.A or under Plan B. The entire family consisting of the a/c holder. Hospitalization Expenses.

Policy does not provide cover to circus elephants. exotic or cross-bred. Circus elephants are not to be insured. Rural Line Insurance Since nationalization our Company is moving ahead with the task of taking General Insurance business to the rural segments. Scope of Cover Provides as a benefit the Sum Insured opted under Section-I of the Policy in the unfortunate event the a/c. our company has devised a number of insurance policies specially designed for the rural people and weaker section of urban society. . Stud Bulls. Calves / Heifers. iii) Elephant Insurance Policy provides indemnity to insured for the loss sustained by him due to death of his elephant used for commercial/religious purpose. Salient Features This Scheme is applicable for Elephants used for commercial purpose and/or religious purposes. But no PTD cover is available under this policy.a. keeping in view the social objective of serving the needs of the economy in the best interest of the weaker sections of the community. 2. Bullocks ( Castrated Bulls ) and Castrated Male Buffaloes whether indigenous. Group Discount: Group discount is available under this Scheme. ii) Sheep and Goat Insurance Policy indemnifies against loss sustained due to loss of life of Sheep or Goat. Scope of Cover Death due to disease & accident with some exclusion specified in the policy. i) Cattle / Livestock Insurance Policy indemnifies against loss sustained due to loss of life of cattle / livestock. To provide financial protection against loss of their small income generating assets due to the occurrence of fortuitous events. Salient Features This policy is for protection of rural people of India against loss of life of their cattles which includes Milch Cows. Buffaloes. holder and his family members sustain bodily injury solely and directly caused by accidental violent external and visible means resulting in death within 12 calendar months of the accident. Salient Features and scope of Cover Insurance Covers: As in cattle Insurance.

50. b) To provide insurance cover to those engaged in Brackish Water prawn Farming against total loss of seedlings/juveniles/prawns of all species raised in Brackish Water farms. By paying additional premium. Public Liability Cover is available up to Rs. iv) Dog Insurance Policy covers death of pet dogs of Cross-bred and exotic breeds between the age group of 2 months to 8 years. and exotic breeds between the age group of 2 months to 8 yrs. Scope of Cover Death due to diseases and accidents. Bivoltine or Multivoltine breeds alone are covered: . Salient Features Pet Dogs of Cross-bred. Public liability is overed by collecting extra premium. explosion/implosion. Nursed seeds in hatcheries owned by state Government. v) Brackish water prawn Insurance Policy covers Total loss of prawns. Salient Features a) To provide Insurance cover against Total Loss of Prawns. Salient Feature a) Type of silk worms : Mulberry silk worms of Univoltine. MPEDA or such other organizations. Death due to diseases contracted prior to and within 15 days of commencement of risk is excluded. MPEDA or such other organizations. are covered under the policy. State Fisheries Corporations. malicious acts of Third Parties. impact damage due to road vehicles. FFDAS. State Fisheries Corporation.Scope of Cover Death due to disease and accidents contracted or occurring during the policy period. Death due to disease contracted prior to and within 15 days of commencement of risk is excluded. Scope of Cover Natural calamities Accidental poisoning. vi) Silkworm (Sericulture) Insurance Policy covers total or partial loss due to death of silk worms of different variety due to disease or accident. FFDAS. Nursed seeds in hatcheries owned by State Government. riot and strike.000/-. PTD is excluded. PTD risk can be covered.

Salient Feature Policy covers individuals against death or Partial / Total disablements.b) Only disease free laying (DFLS) purchased from licensed seed prepares/Grainers or Gov. and M. Death due to accident P T D due to accident Loss of 1 eye or 1 limb Loss of 2 limbs. 2.I.I. 50% of S. Salient Features Policy covers Loss or Damage Hailstorm/Cyclone/Tempest Scope of Cover to the Insured tree due to fire /Lightning /Strom/ CROPS COVERED Perils to be covered : Loss or Damage to the insured tree due to fire (including Forest fire. 100% of S.I. 4.S. viii) Horticulture / Plantation Insurance Policy covers Loss or Damage to the Insured tree / plant due to fire / lightning / storm / hailstorm / cyclone / tempest.1 eye and 1 limb or 2 eyes 100% of S. Scope of Cover a) Death due to disease or accident. /Granges are covered. This may be termed as Standard Cover. 100% of S.D. Age Group: From egg stage to cocoon stage are covered. Scope of Cover World Wide 1.I. bush fire) /Lightning/Storm/Hailstorm/Cyclone/Tempest (while in direct and immediate operation over the insured area) /Flood and Inundation (Inspection report is necessary)/R. . 3.D. b) Total loss/Partial loss vii) Janata Personal Accident Insurance These Policy Covers individuals in the age group of 10-70 years against death or total / partial disablement./Act of Terrorism.

Scope of Cover (a) (b) (c) (d) (e) Electrical /Mechanical Breakdown Fire/lightning Theft and burglary(should be kept in locked enclosure) Riot/ strike / Malicious damage Terrorism. loss of limbs. Scope of Cover Fire. Additional Cover: Flood risk by charging extra premium. storm. Industrial Line Insurance Industrial Insurance is another branch of non-life insurance which covers various risks faced by the industry and serves to sustain the growth of the industrial activity. burglary. Theft and Burglary. i) Erection All Risks Insurance (EAR) Erection All Risk Insurance provides cover for projects involving equipment and other similar erections. riot and strike and terrorist damage. flood. . permanent total disablement. landslide. Commonly chosen Operational Insurance policies are Fire policy. solely and directly resulting from accidental injuries. Electronic Equipment Insurance policy and Consequential Loss (Fire) policy. subsidence. Salient Features The policy compensates individual against death. flyovers. 3. The two basic forms of Project Insurance are Erection All Risk Insurance and Contractor's All Risk Insurance.ix) Kisan Agriculture Pumpset Insurance Policy covers centrifugal pump sets (Electrical and Diesel oil) submersible pump sets up to 25 HP used for agricultural purposes against Electrical/Mechanical Breakdown. Fire /Lighting. Salient Features Centrifugal pump sets (Electrical and Diesel Oil) and submersible pump sets up to 25 HP and used for agricultural purposes are covered under the policy. loss of eyesight. earthquake. bridges etc. ii) Contractors All Risks Insurance (CAR) Contractors All Risks Insurance caters to the need of projects which predominantly involves civil work like construction of multi storied buildings. lightning. Machinery Insurance policy. inundation. These insurances can be sub-divided into broadly two heads as Project Insurance and Operational Insurance. permanent partial disablement and temporary total disablement. explosion impact. theft.

micro processor equipment etc. Scope of Cover Machinery Insurance is against unforeseen and sudden physical damage to the insured machinery from causes such as        Faulty material. erection Vibration. explosion due to internal pressure. malalignment Defective lubrication. Salient Feature This is issued on All Risk basis to cover computers. Excessive electric pressure. centrifugal force. maladjustments. Policy. abnormal stress. Salient Features Almost all stationery capital equipment can be covered under M. iv) Electronic Equipment Insurance (EEI) Electronic Equipment Insurance caters to the peculiar needs of the electronic equipment which are not only extremely sensitive to the slightest changes in ambience conditions but also are characterized by having a large value concentration in a relatively compact set ups.I. implosion due to external pressure or internal vacuum. bio-medical equipment. Rates are tariffed. The broad categories are two namely: Electrical Machinery and non-electrical Machinery. Failure of connected machinery or protective devices. open circuit. Falling. impact.iii) Machinery Insurance (MI) Machinery Insurance provides insurance protection to both rotating as well as static equipment while at work or at rest against mechanical and electrical breakdown and also human error and negligence. Scope of Cover a) COMPUTERS This policy comprises of 3 sections. short circuit. or arching including damage by internal fire so set up.g. failure of insulation. self heating. . construction. X-ray equipment. SECTION I: Deals with the hardware e. Lack of skill. Audio/Video equipment. loosening of parts. whether insured employee or not. collision and the like. Computer main body. design. carelessness or malice of persons. molecular fatigue.

Storm. Typhoon. Tempest.P. Strike. Cyclone. Lessee Scope of Cover The policy provides protection against damages/fortuities triggered by the following perils:y Fire -Excluding destruction or damage caused to the property insured by  Its own fermentation. Lightning Explosion/Implosion Excluding destruction or damage caused to the boilers (other than domestic boilers). Salient Feature Any one who gains by the preservation of the property and loses by its destruction i. Impact Damage Impact by any Rail/Road vehicle or animal by direct contact. by its own explosion/implosion. Riot. Trading. Hurricane. Industry etc. and work on public holidays by charging additional premium. Missile testing operations Leakage from Automatic Sprinkler Installations y y y y y y y y y y y y y y . Tornado. night works. natural heating or spontaneous combustion. Subsidence and Landslide including Rock slide Bursting and/or overflowing of Water tanks. 3. Body Corporate e. Apparatus and Pipes. Manufactures.e.g. Boilers. a person having insurable interest can take out such insurance.  It¶s undergoing any heating or drying process. Warehouse owner etc.D. Terrorism risk is also covered SECTION II : Covers external data media or E. Individuals e.g. other aerial or space devices and articles dropped therefore excluding those caused by pressure waves. Aircraft Damage Destruction or damage caused by Aircraft. 2. Malicious and Terrorism Damage Loss of or visible physical damage or destruction by external violent means directly caused to the property insured. The sum insured shall be the cost of the data media plus charges for producing the information. Shop owner. SECTION III :Covers increased cost of working : (loss of profit policy) v) Consequential Loss (Fire) Policy Consequential Loss (Fire) policy provides the most commonly sought after protection for business interruption triggered by fire and allied perils. Flood and Inundation. House owner. Issued along with Maintenance Agreement clause. 1.Extra covers are available for overtime.

i) ii) iii) Scope of Cover Individuals e. lightening. Lessee etc. Manufactures. by its own explosion/implosion. Salient Feature Any one who gains by the preservation of the property and loses by its destruction i. Flood and Inundation. other aerial or space devices and articles dropped therefore excluding those caused by pressure waves. Storm. Industry etc.g. The policy provides protection against damages/fortuities triggered by the following perils:- y y y y y y y y y y y y y y y Fire -Excluding destruction or damage caused to the property insured by  Its own fermentation. Strike. Missile testing operations Leakage from Automatic Sprinkler Installations . Shop owner. Malicious and Terrorism Damage Loss of or visible physical damage or destruction by external violent means directly caused to the property insured.g. Tornado. Apparatus and Pipes. Warehouse owner etc. Hurricane. natural heating or spontaneous combustion. a person having insurable interest can take out such insurance. Body Corporate e. House owner.y Bush Fire Excluding destruction or damage caused by Forest Fire. Typhoon. Riot.e. Lightning Explosion/Implosion Excluding destruction or damage caused to the boilers (other than domestic boilers). Cyclone. Boilers. Trading. aircraft damage etc. Aircraft Damage Destruction or damage caused by Aircraft. explosion/implosion. Subsidence and Landslide including Rock slide Bursting and/or overflowing of Water tanks. Tempest. as well as act of God perils. vi) Standard Fire and Special Perils policy Fire Insurance provides cover against a host of perils ranging from fire. Impact Damage Impact by any Rail/Road vehicle or animal by direct contact.  It¶s undergoing any heating or drying process.

rebellion. 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. b) The Policy excludes i) Any injury by accident or disease directly attributable to war. Table B : This Policy provides indemnity to the Insured against their legal liability under the Fatal Accidents Act.S. Mutiny. (This Policy is not issued to cover employees who fall within the definition of ³workmen´ under the Workmen¶s Compensation Act. hostilities (whether war be declared or not). Liability to employees under Indian Fatal Accident Act 1855 and at Common Law is also covered under the policy. 1855. civil war.C. 1923. vii) Workmen Compensation Insurance This policy provides indemnity to the Insured against liability to pay compensation if any employee in the Insured service sustains bodily injury by accident or contracts disease arising out of and in the course of his employment. invasion. and ii) the Fatal Accident Act. Act. act of foreign enemy. and at Common Law.C. Salient Feature The employers¶ legal liability under the W. 1923. ii) The Insured¶s liability to employees of contractors to the Insured.I. 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.C.Act to pay compensation to employees not covered under E.Tariff).Act for bodily injury or disease sustained / contracted out of and in the course of employment is covered by this policy. . 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. revolution or military or usurped power.y Bush Fire Excluding destruction or damage caused by Forest Fire. insurrection. as amended). Scope of Cover a) The Workmen¶s Compensation Insurance Business in India is controlled by the Workmen¶s Compensation Insurance Tariff (W. i) Workmen¶s Compensation Act.

in respect of death/injury to third party or damage to property belonging to third party. Scope of Cover Three types of covers are available under Public Liability Insurance 1. Salient Feature Policy indemnifies the insured against legal liability to third parties in consequence of death / bodily injury arising from the use of product sold to them. arising out of the business of the Insured. ix) Public Liability Insurance This policy indemnifies the insured against legal liability to pay compensation to third parties for death /bodily injury or damage to property arising out of accidents out of insured business.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. Act policy Industrial and storage risks ± Market Agreement Non-Industrial Risks ± Market Agreement . Scope of Cover Policy indemnifies the insured all sums which the insured shall become legally liable to pay as damages in consequence of accidental death/bodily injury or disease to third party or damage to their property arising out of any defect in the products manufactured and covered under the policy after such products have left the insured¶s premises. viii) Product Liability Insurance The policy indemnifies the insured against legal liability to third parties for death / bodily injury or damage to property arising out of use of the product sold to them. 2. 3. Salient Features The policy indemnifies the insured for his legal liability to pay compensation including claimant¶s cost and fees. 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.

i) Burglary (Business Premises) Policy Covers loss due to theft and burglary of movable properties like stock-in-trade. banking etc. Salient Feature Building and contents of a small shopkeeper are covered under this insurance.4. fittings etc. Scope of Cover The Policy covers loss or damage to property by theft following burglary or housebreaking which means that to establish a claim there must be visible signs of felonious entry or exit from the premises by violent and forcible means. National Insurance offers different options. covering trades. iii) Bankers Indemnity Policy This Policy is specially designed for banks to provide indemnity against direct loss suffered by them (excluding Non Banking Financial Institutions). plant and machinery. which enable a commercial organization to protect itself against losses arising from various perils. These organizations are exposed to risks. can be covered under Burglary Business Premises Policy so long these are reasonably protected. These options can be classified as package policies. The policy covers loss of Money and/or Securities inside Bank or while In Transit. goods in trust. Commercial Line Insurance The mainstay of our economy is commercial activity of various kinds. Forgery or Alteration. ii) Shopkeepers Policy This policy is specifically devised for small shopkeepers having building and stock value limited to less than or equal to Rupees ten lacs. fittings etc. fixture. plant and machinery. furniture. Salient Feature Broadly speaking any kind of movable property like stock. The policy covers host of risks like stock in trade. which can be categorized as loss of or damage to property / assets and liability arising out of an action /inaction in the course of the commercial activity. stock-in-trade. building. money-in-transit. furniture. specific policies to protect against property loss and specific policies to cover liability arising due to errors and omissions in the course of transaction of commercial activity. . followed by virulent and forceful entry or exit. It covers a number of risks under single policy. Dishonesty of employees etc. transport. and indemnifies the insured loss due to any of the perils covered. Salient Feature This Policy is specially designed for banks to indemnify direct loss suffered by them (excluding Non Banking Financial Institutions) in various contingencies in the form of a package cover. business interruption etc.

Salient Feature Plain and ordinary glazing glasses without embossing. Boundary Walls and Fences. lettering. lettering. cracked or imperfect glass. windows. Any misdescription of the glass (unless expressly stated all glass shall be considered plain and of ordinary glazing quality and without embossing. typhoon. silvering. Nuclear risks ( which are to be covered under a Standard Fire and Special Perils policy or Householders policy or Shopkeepers policy or Office Package policy). bending or ornamented fitted to doors. the Landlords Fixture and Fittings. Office contents. show-cases. Canteen etc. Earthquake or other convulsion of nature. Banks are expected to get themselves adequately covered for all their branches. riot and civil commotion. v) Glass Insurance The policy covers loss due to accidental breakage of plain and ordinary glazed glasses without embossing. cover for employees. Cost of boarding up or any loss or damage arising the interruption of or delay in the business during the time intervening between occurrence of any breakage and of deglazing. Scope of Cover a) b) The policy covers the cost of making good accidental breakage of insured glass. Flood. Crockeries are not insurable under Glass Insurance. Volcanic Eruption. silvering. Hurricane. windows. Public Liability etc. war perils. A to H. all built in one policy Salient Features This policy has been devised to cater to the specific requirements of Office Establishments containing 15 sections with stipulation of compulsory coverage and minimum sections for availing discounts. show-cases. Brief details of the Cover are as follows: iv) Office Package Policy This policy provides a package of various covers required by an office establishment including cover for buildings. bending or ornamented fitted to doors. counters and shelves and plain mirrors can be insured under this class of insurance. Fire or Explosion. equipment¶s. lettering. silvering. The policy does not cover y y y y y y Damage caused by scratches. Crockeries are not insurable under Glass Insurance. Removal or replacement of any fittings or fixtures in order to replace glass. bending or ornamental work of any kind). Damage to frames or framework of any description. . strike.Scope of Cover Insurance Covers are listed in eight Sections viz. counters and shelves.

Currency Notes. Stamps. Coins. vi) Money Insurance Policy indemnifies insured against loss of Cash. insured property (excluding currency) whilst in transit within India by registered Post/Air freight only. Stamps. . Loss of money by any cause whilst in the Insured premises in locked safe or strong room and also damage to the safe or strong room caused by burglars and thieves. Salient Features Cash. whilst in transit or in locked safe. Loss of money drawn as wages and salaries by any cause whilst in the Insured premises and until paid out. Postal Orders. b) c) The proposer should indicate the estimated amount of money in transit during the period of insurance. Currency Notes. Securities for money. shortages due to errors or omissions. vii) Jewelers Block Policy Covers loss of or damage to the stock in trade and also cash and currency notes while contained in the premises where the insureds business is carried on or at other premises where the property insured is deposited. The policy is subject to certain standard exclusions like Riot & Strike. Postal Orders. Securities. destruction or damage to money inclusive of wages & salaries by any cause whilst in transit in charge of Insured messenger and/or employee as detailed in the policy and within the territorial limits until arrival at the Insured premises and/or other places of disbursement. Scope of Cover a) Loss. Cheques etc. Coins. Cheque etc. etc. whilst in transit or in locked safe en route to final destination. 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.y Breakage of the glass whilst not fixed. This is the amount on which the deposit premium is calculated initially at a fixed rate but the premium is finally adjusted at the end of each year of insurance in accordance with the actual amount in transit which must be correctly declared by the Insured.

Lightning. Salient Feature This insurance is taken by Manufacturers / Authorized dealers of vehicles. Tempest and Earthquake risks can be covered. With the latest amendments in the Companies Act. On payment of additional premium Flood. Differential. Theft. personal guarantee. criminal or malicious act. employees and other third parties. suppliers. Storm. customers. this policy is a must for Directors and Officers to remove their stress over liabilities and concentrate freely on the development of the business of the company. cars and two wheelers from them. fraudulent. Scope of Cover As per Manufacturers Original Warranty e. y Cash and currency notes. Scope: Fire.g. . viii) Extended Warranty Policy Policy provides extended warranty to prospective buyers of vehicle. y Property insured in Display windows. Hold-up. y Property insured in locked safe on the premises. RSDMD & Terrorists Risks. Automatic Gearbox. libel and slander and damage to property and pollution damage. Damage to Engine. over and above the normal warranty provided by Manufacturers / Authorized dealers of vehicles like cars and two wheelers. y Property insured on the premises. Manual Gearbox. cars and two wheelers as an extension of the Manufacturers Warranty Period to allure clients to buy vehicles. Casings. Our Directors and Officers Liability policy has been specially designed to provide protection to the Directors and Officers against liability to pay compensation on account of their wrongful act. Robbery. Torque Converter. Explosion. Salient Feature The basic Companies Act 1956 itself and its various amendments through years have made the Directors and Officers widely exposed to liability towards shareholders. Burglary. House breaking. ix) Directors and Officers Liability Policy Policy indemnifies legal liability to third party due to wrongful act by Directors and Officers of any company but excludes dishonest. Working Materials. y Property insured in Bank Lockers.Scope of Cover Covers loss of or damage to the stock in trade and also cash and currency notes as stated under (a) to (e) below while contained in the premises where the Insured¶s business is carried on or at other premises where the property insured is deposited. creditors.

x) Fidelity Guarantee Policy The term Fidelity Guarantee Insuranceembraces policies indemnifying employers against financial loss on account of forgery. The object is to provide protection in respect of the default of an individual acting in some capacity such as Cashier. and Store-keeper etc. Salient Feature The term ³Fidelity Guarantee Insurance´ embraces policies indemnifying employers against financial loss on account of forgery. The cover may be required in respect of a single employee or a number of employees. xi) Marine Cargo Insurance The policy provides cover to cargo against risk of damage when it is exposed to maritime perils during transportation. The policy covers two categories of risk which are Standard risks of transport and Exceptional risks of transport (war. embezzlement and fraudulent conversion by employees. defalcation. The object is to provide protection in respect of the default of an individual acting in capacity such as Cashier. defalcation. embezzlement and fraudulent conversion by employees. strike or similar). Accountant. Salient Features AN OVERVIEW OF RISKS TO WHICH THE CARGO IS EXPOSED DURING TRANSPORTATION y y Standard risks of transport Exceptional risks of transport (war. and Store-keeper etc. strike or similar) . Accountant.

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