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of Insurance> Types of Risks Corvered |
Types of Risks Covered
Type of risks undertaken by the GIF fall in the following broad categories.
(a) Fire & Special Perils Insurance including Riots, strike, malicious
damage, earth quake, impact damage, storm, tornado, flood, inundation, bust
fire, air craft damage, leakage of sprinkler, over head tank over flowing,
implosion, explosion, lightning, etc.
(i) Fire Loss of Profit
(ii) Industrial All Risk
(b) Marine Insurance: Minimum cover is “basic risk” and wider
coverage gives “all risks” on-
(i) Marine Cargo
(ii) Marine Hull
(iii) Country Craft Cargo
(iv) Inland Transit Risk
(v) Marine-cum-Erection Risk.
(c) Miscellaneous and Engineering Types of risks viz. –
(i) Boiler explosion and Third Party Risks
(ii) Erection all risk
(iii) Fidelity Guarantee Risks
(iv) Workmen Compensation
(v) Cash in Transit and in safes
(vi) Burglary
(vii) Group Personal Accident
(viii) Machinery Breakdown (Machinery Insurance) and Loss of profit due
to Machinery Breakdown and such other types as may be required to be covered
from time to time.
(ix) Contractor all risk
(x) Storage cum Erection
(xi) Electronic Equipment Insurance
(xii) Group Mediclaim
(xiii) LPG Dealers Package Policy
(xiv) Bankers Indemnity Insurance |
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