Fire and Accidents Insurance

There are two categories of covers offered under this product:

• The basic policy cover (losses and/or damages due to fire and lightning only)
• The additional cover (losses and/or damages due to fire, lightning and allied perils)

The sum insured is decided either on the basis of the actual value or the new replacement value of the property. It should be adequate to cover the total loss.

As the insured party, you would calculate and inform us of the sum insured. You may seek the help of our underwriters to determine how to do so.

It's important that we have an accurate sum insured calculated accurately. This will help avoid averages being applied in the event of a claim, wherein you will have to pay a rateable proportion of the loss.

The rate chargeable is always calculated on a "per mille" basis (for every thousand units) on the total sum insured. The premium is usually dependant to the nature of risk, location and the housekeeping.

There is a deductible applied for each and every claim. This is in addition to a number of other conditions.

The coverage is usually provided for a period of one year. You are covered for any loss or damage by:

• Fire
• Lightning
• Aircrafts
• Explosion
• Earthquake
• Strike
• Riot
• Malicious Damage
• Storm
• Tempest
• Flood
• Bursting or Overflowing of Water Apparatus (including Sprinkler Leakage)
• Impact by Own Vehicles
• Theft or Attempted Theft (by violent and forcible entry to or exit from the premises)
• Other Accidental Loss or Damage

The sum insured is decided either on the basis of the actual value or the new replacement value of the property. It should be adequate to cover the total exposure.

As the insured party, you would calculate and inform us of the sum insured. You may seek the help of our underwriters to determine how to do so.

It's important that we have an accurate sum insured calculated accurately. This will help avoid averages being applied in the event of a claim, wherein you will have to pay a rateable proportion of the loss.

The rate chargeable is always calculated on a "per mille" basis (for every thousand units) on the total sum insured. The premium is usually dependant to the nature of risk, location and the housekeeping.

There is a deductible applied for each and every claim. Remember that this is in addition to a number of other conditions.

Dealing with a fire or lighting incident at your place of business can be really stressful. What adds on to this is the stress of the lost revenue and burden of the standing charges (bank interests, employee's salaries, rent, electricity etc.) which will continue irrespectively.

In such situations, our Business Interruption cover can help out as a protection against the losses and financial burdens you might face during the period when your business can't operate at full capacity.

Period of Indemnity - The period of indemnity is the length of time for which benefits are payable under an insurance policy.

This different from the period of insurance, which will usually be 12 months. The indemnity period will depend on the time that the insured would feel as necessary to prepare to come back to the position they were in before the incident that led to losses in property and trading.

Reasonably, this period would be anything between 6 to 18 months. But it is usually worked out on the basis of the indemnity amount payable, which is determined by factors like:

- Reduction in turnover
- Increase in cost of working

For farmers and agricultural entrepreneurs, their livestock is one of their most important assets.

And just like any other business, a lot could go wrong if something happens to these assets - e.g. the death of animals resulting from accident, illness or disease. These events can lead to financial losses and can be a major burden on the business.

Which is why a good Livestock Insurance policy can really help out. Through our Livestock Insurance policy, you will be covered for the actual value of your animals at the time of occurrence of the specific peril (or the time of the manifestation of the disease or illness) that cause death.

The rate chargeable is based on the Total Sum Insured, which in turn is dependent on the type of animals, farm security, periodical veterinary check-ups and exposure to calamities, arrangements and seasons.

There are various different conditions that are applicable to this policy. You can refer to the policy document for applicable exclusions.

Gold and jewellery, in all forms, attracts a lot of attention. This attention can often lead to an added degree of risk when compared to other traded commodities.

The additional risks demand extra security and extra insurance coverage.

Our Jeweller's Block insurance coverage is designed to address these risks. You are protected against a range of different risks that affect gold and jewellery, providing cover for a host of perils are covered under the policy.

This insurance provides coverage against loss and/or damage to stock, furniture, fittings and fixtures etc.

Under this policy, the word "stock" refers to goods consisting of gold, jewellery, platinum goods, bullion, precious stones and pearls.

The rate chargeable is based on the Total Sum Insured, which in turn is dependent on the scope and extent of cover opted for and security measures in place, among others.

There is a deductible and different conditions applicable to this policy. You can refer to the policy document for terms and applicable exclusions.