• Comprehensive Machinery (CMI) Insurance

    • Complete protection for all plant assets
    • Cover for all sudden physical loss and damage
    • Extension cover for business interruption

Product Overview

The defining part of our Comprehensive Machinery Insurance (CMI) policy is, of course, the very first word - "comprehensive".


We have made an effort to give you a complete, all-encompassing protection for all the assets and machinery in your plant, including the property itself, the building, the stock, the goods in progress etc.


Over the past 45+ years of serving businesses across industries, we've come to understand that business interruptions in a plant or factory are not just brought about by damages to the machinery or the property. It could be from anything going wrong on the premises.


CMI is an all risks accident and loss of profits insurance that covers any unforeseen and sudden physical loss or damage to the insured plant necessitating repair or replacement.


With this one policy, you get "comprehensive" peace of mind. You can go back to concentrating on your business and operating at capacity, while we take care of the risks.


Note: The sum insured should always represent the new replacement value of the property insured.

What's Covered

  • Section I
      In addition to the classical scope of cover under machinery insurance, your plant and machinery are further protected against the following.
    • Fire, lightning, chemical explosion
    • Earthquake, inundation, flood
    • Any other cause that's not specifically excluded
  • Section II

    This is a business interruption cover, which provides protection against loss of gross profit and increased cost of working in case the business is interrupted or interfered with, as a consequence of loss or damage that's covered under Section I.

How to Get Insured

  • Apply by Phone

    Call us at 800 4746 (toll-free) for more information and to enrol over the phone.

  • Apply by Email

    Drop us an email with all your details and we'll get back to you soon.
  • Apply in Person

    Walk into one of our branches to get information, apply, and enrol in person.
Alternatively, request a call back from one of our insurance experts.

Product Resources

FAQs
  • No, any loss or damage to items that are immediately affected by the above are not covered. However, your insurance can be extended to cover any loss or damage to the correctly executed items resulting from an accident that happened because of faulty design, defective material or workmanship.
  • No, it's not. It totally depends on you. But we would say that it is advisable.
  • So, this is how it goes. You will need to estimate the maximum value of the stock that you may be holding at a particular point of time during the policy. This will be considered as the sum insured and the premium rate is charged based on this amount. 

    At the beginning of each month, you will need to declare the highest value of the stock that you were holding during the previous month. The same will be considered as the declaration for that month. At the end of the policy period, the premium is adjusted based on the average monthly declarations provided by the insured.
  • To be honest, we don't usually insure plastic factories. However, you can reach out to us and we can come to a decision based on your case.
  • There is no fixed tariff in such cases. The rate/premium is usually decided on a case-to-case basis, depending on your building, the kind of covers you are looking for, and other factors.

See more FAQs

What our customers think

  • The reimbursement is done in a timely manner. A week's time of processing is good for me. I do appreciate the new form of filing, it is automated, and hence, hassle-free.

    Genevieve

  • The customer service I received from your staff was very good. They were friendly and very professional at the same time. They helped me with my queries. Your website too is very user friendly.

    Sandra

  • The claim was handled very quickly and efficiently. It is very easy to claim and the application is very convenient.

    Thalia

  • When I informed your company employee about the accident, he was very helpful and guided me through the process. Excellent after-sales service.

    John

  • Company was very easy to communicate with; they took care of my car issues and renewed my insurance. The process was very easy and the staff was very polite and helpful.

    Racheal

  • Prompt response, complete service, and ease of communication and resolving insurance-related issues. Definitely, I recommended you to my friends already.

    Muhammad

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