Shop Secure (Bharat Sookshma Udyam Suraksha) - Policy

Standard/Cover Details

RISK DETAILS
COVERAGES
CLAUSES / CONDITIONS / EXCLUSIONS / WARRANTIES
ADDITIONAL COVER DETAILS

Intermediary Name*

IMD Location*

Specified Person*

Business Type*

Customer Type

Policy Start Date*

Plan Type*

PinCode*

Past Claim History*

Insured Name*

Shop Description*

Basement Exposure*

Temporary Structure*

Shops are in one series*

Lowlying Area*

Prev-Policy End Date*

Prev-Policy Claim

Prev-Policy NCB

Previous Insurer*

Prev-Policy Type*

Prev-Policy No

Fire Sum Insured*

Fire Description

Burglary Sum Insured*

Burglary Description

Indemnity Period (In Months) -Loss of Rent*

Invoice Date*

Indemnity Period (In Months) -Additional Expenses for Alternate Accomodation

Type of Construction*

Section wise Discount (%)- Policy *

Terrorism Damage Cover SI*

Earthquake (Fire and Shock) SI*

Occupancy

Basis of Sum Insured *

Whether Policy on First Loss

Machinery Breakdown Sum Insured*

Machinery Breakdown Description

Electronic Equipments Sum Insured*

Electronic Equipments Description

Money in Transit Sum Insured*

Money in Transit Description

Money in Safe Sum Insured*

Money in Safe Description

Money in Counter Sum Insured*

Money in Counter Description

Plate Glass Sum Insured*

Plate Glass Description

Signage Sum Insured*

Signage Description

Business Interruption Sum Insured*

Business Interruption Description

BI-Basis of Indemnity

BI-Basis of Sum Insured*

BI-Indemnity Period (In Months)

BI-Gross Profit

All Risk Sum Insured*

All Risk-Basis of Indemnity

All Risk-Geographical Limit

Fidelity Guarantee Sum Insured*

Fidelity Guarantee - Basis

Fidelity Guarantee - AOA

Fidelity Guarantee - AOY

Fidelity Guarantee - Per Employee Limit

Baggage Sum Insured*

Baggage Description

Baggage- Geographical Limit

Personal Accident Sum Insured*

Employee Compensation Sum Insured*

Public Liability Sum Insured*

Public Liability Description

Public Liability-Limit of Liability( Each Occurance)"

Public Liability Sum Insured

Public Liability Description

Public Liability-Limit of Liability( Each Occurance)"

Employee Compensation Sum Insured

Public Liability Sum Insured

Public Liability Description

Public Liability-Limit of Liability( Each Occurance)"

Public Liability Sum Insured

Public Liability Description

Public Liability-Limit of Liability( All Occurance)"

Public Liability-Retroactive Date

Public Liability-Jurisdiction

Tenant Legal Liability Sum Insured

Tenant Legal Liability Description

Tenant Legal Liability-Limit of Liability( Each Occurance)

Tenant Legal Liability-Limit of Liability( All Occurance)

STFI Cover

Earthquake (Fire and Shock)

Earthquake (Fire and Shock) SI

Terrorism Damage Cover

Terrorism Damage Cover SI

* Shops dealing in hazardous goods such as plywood, chemicals, paper and paper related material, plastic/polymer/rubber goods, paints, varnishes, jute, Coir, mattress, foam products, raw cotton, cotton bales, fire crackers, jewellery and mobiles are excluded from the scope of cover.

*Excluding Northeastern States, Himachal Pradesh, Uttarakhand, and, Union Territory of Jammu and Kashmir and Union All coastal areas of East namely Orissa, AP, Tamilnadu, West Bengal

Coverage is restricted to only contents under Sooskshma

Section I - Additions, alterations or extensions - upto 15% of the Sum Insured (Excluding stocks)

Section I - Temporary removal of stocks - Upto 10% of the Sum Insured of Stock

Section I - Cover for Specific Contents: Money - Upto Rs.50,000

Section I- Start-Up Expenses - Upto Rs. 1,00,000

Section I-Architect, surveyor fees - Covered upto 5% of the claim amount

Agreed Bank Clause

Section I-Cost for Removal of debris - upto 2 % of the claim amount.

Section I-Costs compelled by Municipal Regulations.

Section I-Basement excluded from the scope of cover

Section I - Damages and losses caused in shops that are in basements are not covered.

Section I - Fixed structures, fittings and electrical installations are not covered.

Section I - Any consequential losses aren’t covered for.

Warranted existing protection, detection and alarm system to be maintained in good working condition and fully operational throughout policy period.

Portable assets like laptops, mobiles, iPads and cameras will not be covered.

Valuables like Curios, Art and Jewelry unless the shop deals with the sale of these items will not be covered.

Section I - Machinery breakdowns that aren’t a result of a natural calamity, fire, explosion, implosion, etc. will not be covered.

Section II-5% of claim amount subject to minimum of Rs.5,000. from each and every claim.

Section II-Theft and RSMD is excluded from the scope of cover

Section II-Warranted that round the clock security is available

Section III-5% of claim amount subject to minimum of Rs.5,000. from each and every claim.

Section III-Theft and RSMD is excluded from the scope of cover

Section III-Warranted that round the clock security is available

Section III-Other terms and condition as per policy wordings.

Section III - Goods held in trust are covered if the same is included in the Sum Insured.

Section III - Theft cover is excluded.

Section III - Mysterious disappearances and unexplained losses will not be covered.

Section IV-Serial No or serial as per asset register entry of each and every equipments to be provided at the time of issuance of policy.

Section IV-In case of computers, the term equipment shall include the entire computer system comprising of CPU , Key boards,Section IV-Monitors, Printers, Stabilisers, UPS, System Software

Section IV-Monitors, Printers, Stabilisers, UPS, System Software

Section IV-Mobile phones/Portable electronic equipments are not covered under the policy under EEI

Section IV-Other terms and condition as per policy wordings.

Section V-Make, year, serial number, model etc., shall be collected at the time of acceptance of proposal & incorporated in the policy

Section V-Equipment wise sum insured break up should be provided at the time of placing the business

Section V-Make, model and serial no. to be provided at the time of issuance of policy.

Section V-DG endorsement warranty

Section V-Coverage as per terms & conditions of Machinery Breakdown Policy

Section V-The Sum Insured should reflect current new replacement value.

Section V-Items covered under section should be electronic & mechanical in nature.

Section V-Excess:- As per tariff

Section V-Other terms and condition as per policy wordings.

Section VII-Warranted that the money to be handled by insured's authorised personnel only.

Section VII-Mode of transport via public vehicle/private vehicle.

Section VII-Accounting warranty

Section VII-Intercity transit are excluded from the scope of cover

Section VII-Cash to be kept in strong safe of standard make at all times out of business hours.

Section VII-5% of claim amount subject to minimum of Rs.5,000. from each and every claim.

Section VII-Subject to condition that Premises are guarded by round the clock

Section VII-Terms are subject to Nil claims in the last 3 years

Section IX-Terrorism Damage Exclusion Warranty

Section IX-5% of claim amount subject to minimum of Rs.5,000. from each and every claim.

Section IX-Coverage is restricted to Fixed plate glass only

Section X-Terrorism Damage Exclusion Warranty

Section X-5% of claim amount subject to minimum of Rs.5,000. from each and every claim.

Risk SI Component

Risk Type

Risk Description

Sum Insured*

Proposal Details

FINANCIER DETAILS
PROFILE
RISK LOCATION DETAILS

OWNED

FINANCED

Financier Name*

Financier Address*

Agreement Type*

Loan Account No*

File Number*

MALE

FEMALE

Proposal Type*

Salutation*

First Name*

Middle Name

Last Name*

Marital Status*

Occupation*

Occupation Desc*

Email Id*

Mobile Number*

Date Of Birth*

PAN Number*

E-IA Rquired

Insurance Repository

EIA Number

I hereby agree and allow Zurich Kotak General Insurance to share my data including PAN Card or Aadhaar card (last 4 digit) with the concerned “e-Insurance Account Repository” for opening the e-Insurance Account. I also understand that Insurance Repository may connect with me for completion of any formalities required for opening the account

Pincode*

Address*

CRN Number

CIU Type *

Work Item No

RM Code

Inward Number

Inward Date

Additional Insured

Additional Insured Share %

State*

District*

City/Town/Village*

Nominee Name*

Nominee Date Of Birth*

Relation*

Appointee Name

Appointee Relation

Proposal Type*

Type of Organization*

Udyog Aadhar number*

Organization Name*

Organization Contact Person

Tan Number*

Email Id*

Mobile*

GST Number*

PAN Number

Pincode*

Address*

Work Item No

CRN Number

CIU Type *

CRN Number

RM Code

Inward Number

Inward Date

State*

District*

City/Town/Village*

Partner Application Number

System Application Number

Address Line 1*

Address Line 2

Address Line 3

Landmark

Pincode*

State*

District*

City/Town/Village*

Enter Payment Details

Quote No -

Premium : ^₹

G.S.T : ^₹

Total Premium : ^₹

View Details

Shop Secure (Bharat Sookshma Udyam Suraksha)

Quote No:
Quote Date

Name Of the Insured
Risk Location Address
State
District
Pincode
Business Description
Policy Start Date
Policy End Date
Fire SumInsured
Burglary SumInsured
Machinery Breakdown SumInsured
Electronic Equipment Sum Insured
Money in Transit Sum Insured
Money in Safe Sum Insured
Money in Counter Sum Insured
Plate Glass Sum Insured
Signage Sum Insured

Premium Details (In Rs.)
Net Premium
GST
Total Premium

CLAUSES / CONDITIONS / EXCLUSIONS / WARRANTIES
Shops dealing in hazardous goods such as plywood, chemicals, paper and paper related material, plastic/polymer/rubber goods, paints, varnishes, jute, Coir, mattress, foam products, raw cotton, cotton bales, fire crackers, jewellery and mobiles are excluded from the scope of cover.
Section I - Additions, alterations or extensions - upto 15% of the Sum Insured (Excluding stocks)
Section I - Temporary removal of stocks - Upto 10% of the Sum Insured of Stock
Section I - Cover for Specific Contents: Money - Upto Rs.50,000
Section I- Start-Up Expenses - Upto Rs. 1,00,000
Section I-Architect, surveyor fees - Covered upto 5% of the claim amount
Section I-Cost for Removal of debris - upto 2 % of the claim amount.
Section I-Costs compelled by Municipal Regulations.
Section I-Basement excluded from the scope of cover
Section III-5% of claim amount subject to minimum of Rs.5,000. from each and every claim
Section III-Theft and RSMD is excluded from the scope of cover
Section III-Warranted that round the clock security is available
Section III-Other terms and condition as per policy wordings.
Section V-Other terms and condition as per policy wordings.
Section V-Make, year, serial number, model etc., shall be collected at the time of acceptance of proposal & incorporated in the policy
Section V-Equipment wise sum insured break up should be provided at the time of placing the business
Section V-Make, model and serial no. to be provided at the time of issuance of policy.
Section V-DG endorsement warranty
Section V-Coverage as per terms & conditions of Machinery Breakdown Policy
Section V-The Sum Insured should reflect current new replacement value.
Section V-Items covered under section should be electronic & mechanical in nature.
Section V-Excess:- As per tariff
Section IV-Serial No or serial as per asset register entry of each and every equipments to be provided at the time of issuance of policy.
Section IV-In case of computers, the term equipment shall include the entire computer system comprising of CPU , Key boards,
Section IV-Monitors, Printers, Stabilisers, UPS, System Software
Section IV-Mobile phones/Portable electronic equipments are not covered under the policy under EEI
Section IV-Other terms and condition as per policy wordings.
Section VII-Warranted that the money to be handled by insured's authorised personnel only .
Section VII-Mode of transport via public vehicle/private vehicle.
Section VII-Accounting warranty
Section VII-Intercity transit are excluded from the scope of cover
Section VII-Cash to be kept in strong safe of standard make at all times out of business hours.
Section VII-5% of claim amount subject to minimum of Rs.5,000. from each and every claim.
Section VII-Subject to condition that Premises are guarded by round the clock
Section VII-Terms are subject to Nil claims in the last 3 years
Section X-Terrorism Damage Exclusion Warranty
Section X-5% of claim amount subject to minimum of Rs.5,000. from each and every claim.
Section IX-Terrorism Damage Exclusion Warranty
Section IX-5% of claim amount subject to minimum of Rs.5,000. from each and every claim.
Section IX-Coverage is restricted to Fixed plate glass only
Shops dealing in hazardous goods such as plywood, chemicals, paper and paper related material, plastic/polymer/rubber goods, paints, varnishes, jute, Coir, mattress, foam products, raw cotton, cotton bales, fire crackers, jewellery and mobiles are excluded from the scope of cover.
Excluding Northeastern States, Himachal Pradesh, Uttarakhand, and, Union Territory of Jammu and Kashmir and Union All coastal areas of East namely Orissa, AP, Tamilnadu, West Bengal
Coverage is restricted to only contents under Sooskshma

Disclaimer

This quote will be valid till 15 days from quote date.

Proposal Number:

Please review and confirm the information given below to ensure that everything is correct. This information will appear on your policy documents.

Total Premium

Review Proposal Details

Risk Details

Risk Location Address

Fire Sum Insured

Burglary SI

Machinery Breakdown SI

Electronic Equipment SI

Money in Transit SI

Money in Safe SI

Money in Counter SI

Plate Glass SI

Signage SI

Business Interruption SI

All Risk SI

Fidelity Gaurantee SI

Baggage SI

Pedal Cycle SI

Personal Accident SI

Employee Compensation SI

Public Liability SI

Tenant Legal Liability SI

COVERAGES / CLAUSES / CONDITIONS / EXCLUSIONS / WARRANTIES

COVERAGES

Escalation

Terrorism Damage Cover

Additional Rent for Alternate Accomodation

CLAUSES / CONDITIONS / EXCLUSIONS / WARRANTIES

Fire and Special Perils including Earthquake for Building and Contents

Additional Rent for alternate accomodation of 10% of Building Sum Insured-Indemnity period 12 months

Burglary with Theft extension for Contents

Policy wordings as per Home Secure product

Warranted that there is no Kutcha Construction (Buildings having walls and / or roofs of wooden planks / thatched leaves and / or grass / hay of any kind / bamboo / plastic cloth / asphalt cloth / canvas / Tarpaulin and the like.

Agreed Bank Clause

Designation of Property

Reinstatement Value Clause

Local Authority Clause

Terrorism Exclusion Damage Warranty

Subject to 15 days waiting period for STFI perils

Terrorism Damage Cover Endorsement upto Building policy period or 10 years whichever is less

Communicable Disease Exclusion

New Policy Details

Policy Effective Date

Policy End Date

Quote Id

Insured Details

Customer Id

Customer Name

Mailing Address

PAN Number

Email Address

Mobile Number

Customer Type

Total Premium -

Net Premium

GST @

I agree to the Terms & Conditions

I/We do hereby declare that I/we have read and understood the entire text, features, disclosures, benefits, terms and conditions of the policy and I/we further declare that the information furnished above are true to the best of my/our knowledge and no material information, which may be relevant, has been withheld or not disclosed. In case any of the information above is found false during verification at a later date, the company would have the right to cancel the policy and premium amount paid will be forfeited. I/We also declare that any additions or alterations are carried out after the submission of this proposal form then the same would be conveyed to the insurers immediately.

The quote displayed has been calculated based on the information provided by you and is subject to change in case you change the information while buying the policy. The product information, including the scopes of cover, terms, conditions, exclusions and limitations, available on the website is not intended to be exhaustive and is indicative in nature. I / We desire to insure with Zurich Kotak General Insurance Company (India) Limited in respect of the vehicle described above and confirm that the statements contained in this proposal are my/our true and accurate representations. I/we undertake that if any of the statements are found to be false or incorrect, the benefits under this policy would stand forfeited. I/We agree that this application and declaration shall be promissory and shall be the basis of the contract between me/us and Zurich Kotak General Insurance Company (India) Limited. I/We confirm that I/We have read and understood the coverages, the terms and conditions and agree to accept the company's policy of insurance along with the said conditions prescribed by the company. I/We also declare and undertake that if there is any change in information as submitted by me/us after this submission then the same would be conveyed to Zurich Kotak General Insurance Company (India) Limited immediately failing which it is agreed and understood by me/us that the benefits under the policy would stand forfeited. I/We agree to the company taking appropriate measures to capture the voice log for all such telephonic transactions carried out by me/us as required by the procedures/regulations internal or external to the company and shall not hold the company responsible or liable for relying / using such recorded telephonic conversation. I/We agree that the insurance would be effective only on acceptance of this application by the company and the payment of the requisite premium by me/us in advance. In the event of non-realisation of the cheque or non-receipt of the amount of premium by the company the policy shall be deemed cancelled ab-initio and the company shall not be responsible for any liabilities of whatsoever nature under this policy.

General exclusions:

The Company shall not be liable under this Policy in respect of

any accidental loss or damage and/or liability caused sustained or incurred outside the geographical area;
any claim arising out of any contractual liability. Please refer to policy wordings for detailed list of exclusions.

LIMITATIONS AS TO USE
The Policy covers use of the vehicle for any purpose other than

Hire or Reward
Carriage of goods (other than samples or personal luggage)
Organized racing
Pace making
Speed testing
Reliability Trials
Use in connection with Motor Trade

sec

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Disclaimer: I hereby confirm that I am the policyholder as well as the owner of the credit card / debit card / Internet banking account or any other online payment method, through which I am paying the policy premium. * Please note, in-case of a refund, the amount payable will automatically credited to the same account that you are using to pay the premium or can be refunded through a cheque in the name of the proposer.

Insurance is the subject matter of the solicitation. The advertisement contains only an indication of cover offered. For more details on risk factors, terms, conditions and exclusions, please read the sales brochure carefully before concluding a sale. Zurich Kotak General Insurance Company (India) Limited (Formerly known as Kotak Mahindra General Insurance Company Limited) CIN: U66000MH2014PLC260291. IRDAI Reg. No.152. Registered & Corporate Office: 401, 4th Floor, Silver Metropolis, Jai Coach Compound, Off Western Express Highway, Goregaon (East), Mumbai- 400063. Maharashtra, India. Toll free: 1800 266 4545; Email: care@zurichkotak.com Trade logo displayed above belongs to Kotak Mahindra Bank Ltd. and Zurich Insurance Company Ltd. and is used by Zurich Kotak General Insurance Company (India) Limited under license.

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