Scope of Cover: Forgery or fabrication of securities, transfers or transfer receipts which may affect the registration or transfer of securities. Discovery that the securities which have been dealt with by the insured in good faith are forged. Discovery that the insured has been deceived as to the identity of any person for the purpose […]
The Inland Vessels Act, 1917 was amended effective from 1.1.1979 to include compulsory third party insurance for vessels plying on Inland Waterways on the lines of liability imposed under Motor Vehicles Act, 1939. According to the legislation, no person shall use a mechanically propelled vessel (MV) in inland water unless there is in force, in […]
This insurance has been brought under a tariff regulation with effect with effect from 1.1.1977. The revised tariff became effective from 1st June, 1985. The policy provides compensation in the event of the insured sustaining injuries, fatal or otherwise, resulting solely and directly from accident caused by external, violent and visible means. Scope of Cover: […]
This special type of Policy has been introduced catering to the medical need of personnel travelling abroad, premium for which is paid in Indian Rupees. However, claims are settled abroad in foreign currency in respect of any emergency treatment. This policy is not general health insurance policy. Mercury Insurance Pvt. Ltd. London is the authorised […]
Policy is designed to provide reimbursement of medical expenses incurred within geographical limits of India by the insured person in event of being hospitalised on account of any illness/disease or any injury sustained. Short period policies are prohibited. Scope of Cover: Reimbursement of incurred medical expenses, within defined limits, in event of any illness/disease or […]
This class of insurance is governed by Tariff regulations as such, Rates, as well as rules and regulations must be observed as per Tariff. The Policy seeks to indemnify the Insured employer against his liability under : W.C. Act, Fatal Accident Act 1855 and at Common Law. If any employee in his immediate service shall […]
Any professional acting professional capacity is bound to exercise due care & skill required by a competent practitioner in that profession. His failure to exercise due care may give cause of action against him by his client since such duty to the client applies to any profession be that of a doctor, solocitor or an […]
INDUSTRIAL RISKS: Market agreement for Public Liability insurance has been effective from 1.1.88. This agreement applies to Industrial and storage risks such as godowns, depots tankfarms etc. with aggregate limits of any year during the policy upto Rs. 13 crores within Geographical limits of india. Any proposal other than above has to be submitted to […]
OBJECTIVE The objective of the policy is to provide economic relief to the owner/driver/passenger (s)/ third party victims as a result of accidents involving rickshaws operating through out the length and breadth of the country either for private transport or for public transport. PERILS COVERED SECTION-1 DAMAGE TO CYCLE RICKSHAW Accidental means (the term accident […]
SALIENT FEATURES: The policy is in the form of a proposal-cum-schedule. The proposer must complete the details and sign the declaration also. It has ten sections. The insured must take section-1 (Fire and Burglary/House Breaking risk for contents) and Section VI (Public Liability and Employers Liability) because these two sections are compulsory. Section Discounts are […]