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undertakes to indemnify the other party against financial losses … . in consideration of a certain periodical payment.Contract of indemnity whereby the insurer.
acquired in two main ways: -Open Perils -Named Perils .
safeguards financial future . provides cover for unintentional damage. Secures business from loss to the structure and contents of the business. . reimbursement for damages.
Rural Insurance Burglary Insurance Theft Insurance Baggage Insurance .
As per IRDA instructions .
.Under this insurance company agree to indemnify the finacial losses caused due to theft.