Royal Sundaram Bharat Sookshma Udyam Suraksha

At a Glance

This policy is meant for enterprises where the total value at risk across all insurable asset classes at one location does not exceed ₹ 5 Crore (Rupees Five Crore) at the policy commencement date. The Royal Sundaram Bharat Sookshma Udyam Suraksha Policy provides insurance cover for physical loss or damage to, or destruction of, Insured Property relating to the business of the Insured.

Key Features of the coverage

• Property covered on Reinstatement value basis for Building, Plant & Machinery, Landed Cost for Raw materials & Mfg. cost for Finished goods and input cost for stock in process
• Condition of average (Underinsurance) waiver upto 15%
• Inbuilt Covers like Removal of Debris, Professional Fees, Stocks on floater basis, Temporary removal of stocks, Additions, alterations and extensions, Cover for specific contents, Start up expenses are available
• Standard Addons like Declaration facility for stock is available
• Coverage for Earthquake, terrorism and theft (for 7 days from the happening of insured event) is available

Deductible - RS Sookshma -  Flat excess of Rs. 5000/-

1. All occupancies other than Dwellings
2. In built covers
   1. Theft within 7 days from occurrence
   2. Waiver of Underinsurance upto 15% of Value at risk
   3. Terrorism & Earthquake
   4. Addition Alteration & Extension
   5. Temporary Removal of Stock
   6. Cover for Specific Contents
   7. Professional Fees
   8. Debris Removal
   9. Cost due to Municipal Regulation
   10. Stock on Floater Basis
3. Optional Cover
   1. Stock on Declaration Basis

Eligibility and Fees

Policy Term (PT)-1Yr

Premium Payment Term (PPT)-1Yr

Sum Assured-Target customers are Micro business units where the total ‘value at risk’ does not exceed ₹ 5 Crore across all insurable asset classes at any one location at the commencement of the insurance

Disclaimer

DBS Bank India Limited (IRDA of India Registration Number: CA 0257) having the registered office at GF: Nos. 11 & 12, Capitol Point BKS Marg, Connaught Place, Delhi - 110001 is the Corporate Agent of Royal Sundaram General Insurance Company Limited (IRDA of India Regn.No.102) CIN: U67200TN2000PLC045611 having the Registered office address at No.21, Patullos Road, Chennai - 600002. DBS Bank India Limited (Bank) does not underwrite the risk or act as an insurer. RSGICL, Bharat Sookshma Udyam Suraksha with UIN: IRDAN102RP0014V02202021 is a Fire Insurance product underwritten and issued by Royal Sundaram General Insurance Co. Limited. The contract of insurance is between the insurer and the insured and not between the Bank and the insured. Bank does not give any warranty, as to the accuracy and completeness of the policies. Bank does not accept any liability or losses attributable to your contract of Insurance. Participation by the Bank’s customers in the insurance products is purely on a voluntary basis and is not linked to availment of any other facility from the bank. ISNP registration valid.

The contents and product information of this web site are given strictly for your convenience and is indicative in nature and ‘as is’ received from the Insurer. Nothing contained herein is to be construed as advice, recommendation, offer for a policy or any other assistance. Bank does not guarantee that this website reflects latest amendments/ information at all times or at any time. Bank shall have no liability to the customer for any loss or damage of any kind incurred for reliance on the content and product information available on this website.

For more details on risk factors, terms and conditions, exclusions, please read sales brochure of insurer and policy terms and conditions carefully before concluding a sale. Tax benefits are available as per the prevailing tax laws, which are subject to change.

Contact our 24-hour toll free customer service helpline number 1-800-209-4555 / 1-860-267-1234 or our overseas customer service number 91-44-66854555 or write to us at [email protected]. Visit us at: www.dbs.com/in

UIN: IRDAN102RP0014V02202021

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