universal sompo general insurance company limited - IRDA

UNIVERSAL SOMPO GENERAL INSURANCE COMPANY LIMITEDMailing Address: 201-208, Crystal Plaza, Opp. Infinity Mall, Link Road,Andheri (West), Mumbai – 400 058Tel: 0091 22 4067 9000Regd. Office: 201-208, Crystal Plaza, Opp. Infinity Mall, Link Road,Andheri (West), Mumbai – 400 058Dear Customer,Business Shield PolicyThanks for choosing Sompo Industry Package Policy.Our Insurance coverage under this policy is subject to submission of proposal by you,acceptance of the same by us and payment of premium by you.The Policy contains the following sections:I. Fire and Allied Perils-Building & ContentsII. Burglary and RobberyIII. Business Interruption (Fire)IV. MoneyV. Plate Glass and Neon Signs/Glow SignsVI. Electronic Equipment InsuranceVII. Breakdown of Industry EquipmentVIII. All Risk Portable EquipmentIX. Personal AccidentX. Fidelity GuaranteeXI. Public Liability.The schedule attached to your policy will indicate the sections which you are insuredagainst. The schedule along with the printed policy document shall describe the detailsof your insurance coverage.The proposal form, information provided by you, the policy schedule, wordings,annexure (if any) and endorsements (if any) shall have to be read together. We wouldrequest you to read the above documents carefully. For any questions or clarificationsplease do not hesitate to approach our nearest office/ broker or agent.Universal Sompo General Insurance Company LimitedAuthorised Signatory1 of 41

UNIVERSAL SOMPO GENERAL INSURANCE COMPANY LIMITEDMailing Address: 201-208, Crystal Plaza, Opp. Infinity Mall, Link Road,Andheri (West), Mumbai – 400 058Tel: 0091 22 4067 9000Regd. Office: 201-208, Crystal Plaza, Opp. Infinity Mall, Link Road,Andheri (West), Mumbai – 400 058CONTENTSPreambleGeneral Definitions (Applicable to all sections)Section I-Fire & Allied PerilsCoverage (What we cover)Exclusions (What we exclude)Excess/DeductibleConditions applicable to Section I.Section II—Burglary & RobberyDefinitionsCoverage (What we cover)Exclusions (What we exclude)Section III--Business Interruption (Fire)DefinitionsCoverage (What we cover) Basis of Claim Settlement Conditions applicable to Section III.Section IV-Money InsuranceDefinitionsCoverage (What we cover)Exclusion (What we exclude)Section V- Plate Glass and Neon Signs/Glow SignsCoverage (What we cover)Exclusion (What we exclude)Section VI-Electronic EquipmentDefinition Coverage (What we cover) Exclusion (What we exclude) Conditions applicable to Section VI.Section VII- Breakdown of Business EquipmentDefinition Coverage (What we cover) Exclusion (What we exclude) Conditions applicable to Section VII.2 of 41

UNIVERSAL SOMPO GENERAL INSURANCE COMPANY LIMITEDMailing Address: 201-208, Crystal Plaza, Opp. Infinity Mall, Link Road,Andheri (West), Mumbai – 400 058Tel: 0091 22 4067 9000Regd. Office: 201-208, Crystal Plaza, Opp. Infinity Mall, Link Road,Andheri (West), Mumbai – 400 058Section VIII –All Risk Portable EquipmentDefinitions Coverage (What we cover)Exclusions (What we exclude) Conditions applicable to Section VIIISection IX -Personal AccidentDefinitions Coverage (What we cover)Exclusions (What we exclude)Table of BenefitsSection X- Fidelity Guarantee Definition Coverage (What we cover) Exclusion (What we exclude) Conditions applicable to Section IXSection XI- Public Liability Definition Coverage (What we cover) Exclusion (What we exclude) Conditions applicable to section X.GENERAL CONDITIONSGENERAL EXCLUSIONS3 of 41

UNIVERSAL SOMPO GENERAL INSURANCE COMPANY LIMITEDMailing Address: 201-208, Crystal Plaza, Opp. Infinity Mall, Link Road,Andheri (West), Mumbai – 400 058Tel: 0091 22 4067 9000Regd. Office: 201-208, Crystal Plaza, Opp. Infinity Mall, Link Road,Andheri (West), Mumbai – 400 058BUSINESS SHIELD POLICYPreambleIn consideration of Your having paid the premium for the policy period stated in theSchedule or for any further period of insurance for which we may accept the payment forrenewal of this policy, We will indemnify You on the happening of any insured event, asmentioned under the item “what we cover” under each section, to the extent of losssuffered but not exceeding the sum insured and / or limit of liability for each of thesections stated in the schedule of the policy, provided that all the terms, conditions andexceptions of this Policy, in so far as they relate to anything to be done or complied withby You, have been met.This policy is an evidence of the contract between you and Universal Sompo GeneralInsurance Company Limited. The information furnished by you in the proposal form andthe declaration signed by you forms the basis of this contract.The Policy, the Schedule and any Endorsement shall be read together and any word orexpression to which a specific meaning has been attached in any part of this Policy or ofSchedule shall bear such meaning wherever it may appear.General Definitions (Applicable to all Sections)1. You/Your : The person (s) named as Insured in the Schedule2. We/Us/Our : Universal Sompo General Insurance Company Limited3. Proposal: The application form you sign for this insurance and/or any otherinformation you give to us or which is given to us on your behalf.4. Policy: Policy wording, the Schedule, the Proposal form and Endorsement /Memoranda if any.5. Schedule: The document which describes you, the cover that applies the Period ofInsurance and other details of your policy.6. Sum Insured: It means the amount stated in each section of the Schedule whichshall be our maximum liability under this Policy for any one claim under each sectionduring the Policy period.7. Period of Insurance: The time period for which the contract of insurance is valid asshown in the Policy Schedule.8. Excess/Deductible The amount stated in each section in the Schedule, which shallbe borne by you first, in respect of each and every claim made under this Policy. Our4 of 41

UNIVERSAL SOMPO GENERAL INSURANCE COMPANY LIMITEDMailing Address: 201-208, Crystal Plaza, Opp. Infinity Mall, Link Road,Andheri (West), Mumbai – 400 058Tel: 0091 22 4067 9000Regd. Office: 201-208, Crystal Plaza, Opp. Infinity Mall, Link Road,Andheri (West), Mumbai – 400 058liability to make any payment under the Policy is in excess of theExcess/Deductible.9. Valuables: Valuables means (a) gold or silver or any precious metals or articlesmade from any precious metals (b) watches or Jewellery or precious stones ormodels or coins or curios, sculptures, manuscripts, stamps, collection of stamps, rarebooks, medals, moulds, designs or any other collectibles (c) deeds, ATM cards,credit cards, bonds, bills of exchange, bank notes, treasury or promissory notes,cheques, money, securities or any other negotiable instrument.10. Insured Premises: The place(s) named in the Schedule from which you operateyour business11. Market Value: This is the basis of Sum Insured for stocks under this policy. Marketvalue for stocks means the procurement value of stocks from the same or similarsource at the time of damage or Loss.12. Reinstatement Value:This is the basis of Sum insured for all assets other than stocks under this Policy.Reinstatement Value represents the replacement value of the asset as New at timeof Damage or Loss.5 of 41

UNIVERSAL SOMPO GENERAL INSURANCE COMPANY LIMITEDMailing Address: 201-208, Crystal Plaza, Opp. Infinity Mall, Link Road,Andheri (West), Mumbai – 400 058Tel: 0091 22 4067 9000Regd. Office: 201-208, Crystal Plaza, Opp. Infinity Mall, Link Road,Andheri (West), Mumbai – 400 058SECTION IFIRE AND ALLIED PERILS-BUILDINGS & CONTENTSWHAT WE COVERLoss or Damages directly causedto Building and its Contents byinsured perils listed hereunder andsubject to its not being otherwiseexcluded.WHAT WE EXCLUDEFire i) Destruction or damage caused to theproperty by its own fermentation,natural heating or spontaneouscombustion or its undergoing anyheating or drying processii) Burning of property insured by order ofany Public AuthorityLightningExplosion / Implosion iii) Explosion/implosion losses to boilers(other than domestic boilers),economizers or other vessels,machinery or apparatus (in whichsteam is generated) including theircontentsiv) Destruction or damage to propertyLoss, Destruction or Damagecaused by an aircraft, other aerialor space devices and articlesdropped there fromRiot, Strike and Malicious Damage:- Visible physical Damage byexternal violent means directlycaused to the property insured.If we allege that the loss/damage isnot caused by any malicious act,the burden of proving the contraryshall be upon you.caused by centrifugal forcesLoss, Destruction or Damage caused by pressurewaves.Damages caused byi) Permanent or temporary dispossessionof any building or Industry equipmentor furniture and fixtures resulting fromthe unlawful occupation by any personof such building or Industry equipmentor furniture and fixtures or prevention ofaccess to the same.ii) Burglary, housebreaking, theft, larcenyor any other such attempt or any6 of 41

UNIVERSAL SOMPO GENERAL INSURANCE COMPANY LIMITEDMailing Address: 201-208, Crystal Plaza, Opp. Infinity Mall, Link Road,Andheri (West), Mumbai – 400 058Tel: 0091 22 4067 9000Regd. Office: 201-208, Crystal Plaza, Opp. Infinity Mall, Link Road,Andheri (West), Mumbai – 400 058Impact Damage by any rail/roadvehicle or animal by direct contactSubsidence and Landslideincluding Rockslide: Damagecaused by subsidence of the part ofsite on which your property standsor landslide/rockslideStrom, Cyclone, Typhoon,Tempest, Hurricane, Tornado,Flood and InundationBursting and overflowing of watertank, apparatus and pipesMissile testing operations.Leakage from automatic sprinklerinstallations.Bush FireEarthquake – Fire and Shockiii)omission of any kind of any person(whether or not such act is committedin connection with the disturbance ofpublic peace) in any malicious act.Total or partial cessation of work or theretardation or interruption or cessationof any process or operations oromissions of any kindDamage by vehicle/animals belonging to, or underthe control of or owned by You or Your employeeswhile acting in the course of your employmentDamages caused by :-i) Normal cracking, settlement or beddingof new structures.ii) Settlement or movement of made upground.iii) Coastal or river erosion.iv) Defective design or workmanship oruse of defective materialv) Demolition, construction, structuralalteration or repair of any property orground work or excavation.Loss, Destruction or Damage caused byi) Repairs or alteration to your building /premises.ii) Repairs, removal or extension of thesprinkler installation.iii) Defects in construction known to YouLoss, Destruction or Damage caused by forest fire7 of 41

UNIVERSAL SOMPO GENERAL INSURANCE COMPANY LIMITEDMailing Address: 201-208, Crystal Plaza, Opp. Infinity Mall, Link Road,Andheri (West), Mumbai – 400 058Tel: 0091 22 4067 9000Regd. Office: 201-208, Crystal Plaza, Opp. Infinity Mall, Link Road,Andheri (West), Mumbai – 400 058Expenses necessarily incurred on Architect,Surveyor and Consulting Engineer’s fees andDebris Removal following Damage to propertyinsured by an insured peril in excess of 3% and1% of the claim amount respectively.Loss, destruction or damage to the stocks in coldstorage unit caused by change of temperatureLoss, destruction damage to any electricalmachine, apparatus fixture or fittings arising fromor occasioned by overrunning excessive pressureshort circuiting , arcing, self heating or leakage ofelectricity from whatever cause (lightningincluded) provided that this exclusion will applyonly to the particular electrical machine,apparatus, fixture or fittings which may bedestroyed or damaged by fire so set up.Livestock or petsValuables as defined under the policyLoss or damage to property insured if removed toany building or place other than in which it isherein stated , except machinery and equipmentstemporarily removed for repairs, cleaning,renovation or other similar purposes for a periodnot exceeding 60 days.Loss of earnings, loss by Delay, loss of Market orother Consequential or indirect loss or Damage ofany kind or description what so ever.Loss or Damage by Spoilage resulting from theretardation or interruption or cessation of anyprocess or operation caused by operation of anyperils covered.8 of 41

UNIVERSAL SOMPO GENERAL INSURANCE COMPANY LIMITEDMailing Address: 201-208, Crystal Plaza, Opp. Infinity Mall, Link Road,Andheri (West), Mumbai – 400 058Tel: 0091 22 4067 9000Regd. Office: 201-208, Crystal Plaza, Opp. Infinity Mall, Link Road,Andheri (West), Mumbai – 400 058Excess/Deductible:i) 5% of claims amount for Act of God Perils (Lightning, Storm, Tempest, Flood,Inundation and the like, subsidence, landslide, rockslide, earthquake) subjectto to a minimum of Rs. 10,000/-.ii) First Rs. 10,000 for each and every loss arising out of other perils in respectof which you are indemnified by this policy.The excess shall apply per event.Conditions applicable to Section Ia) All insurances under this policy shall cease on expiry of seven days from the dateof fall or displacement of any building or part thereof or of the whole or any partof any range of buildings or of any structure of which such buildings form part.Provided such a fall or displacement is not caused by insured perils, loss or damagewhich is covered by this policy or would be covered if such building, range ofbuildings or structure were insured under this policy.Notwithstanding the above, we subject to an express notice being given as soon aspossible but not later than seven days of any such fall or displacement may agree tocontinue the insurance subject to revised rates, terms and conditions as may bedecided by it and confirmed in writing to this affect.b) Under any of the following circumstances the insurance ceases to attach asregards the property affected unless you, before the occurrence of any loss ordamage, obtain the sanction of us signified by endorsement upon the policy by oron behalf of us :-i) If the nature of the occupation of or other circumstances affecting thebuilding insured or containing the insured property be changed in such away as to increase the risk of loss or damage by Insured Perils.ii) If the building insured or containing the insured property becomesunoccupied and so remains for a period of more than 30 days.iii) If the interest in the property passes from you otherwise than by will oroperation of law.c) Designation Of Property Clause:For the purpose of determining, where necessary, the item under which any propertyis insured, we agree to accept the designation under which the property has beenentered in your books.i. Reinstatement value clause“It is hereby declared and agreed that in the event of the property insured (All itemsother than stocks) under the within policy being destroyed or damaged, the basis9 of 41

UNIVERSAL SOMPO GENERAL INSURANCE COMPANY LIMITEDMailing Address: 201-208, Crystal Plaza, Opp. Infinity Mall, Link Road,Andheri (West), Mumbai – 400 058Tel: 0091 22 4067 9000Regd. Office: 201-208, Crystal Plaza, Opp. Infinity Mall, Link Road,Andheri (West), Mumbai – 400 058upon which the amount payable under the policy is to be calculated shall be cost ofreplacing or reinstating on the same site or any other site with property of the samekind or type but not superior to or more extensive than the insured property whennew as on date of the loss, subject to the following Special Provisions and subjectalso to the terms and conditions of the policy except in so far as the same may bevaried hereby.”Special Provisions for Reinstatement Value clause1. The work of replacement or reinstatement (Which may be carried out uponanother site and in any manner suitable to the requirements of the insuredsubject to the liability of the Company not being thereby increased) must becommenced and carried out with reasonable dispatch and in any case must becompleted within 12 months after the destruction or damage or within suchfurther time as we may in writing allow, otherwise no payment beyond theamount which would have been payable under the policy if this memorandumhad not been incorporated therein shall be made.2. Until expenditure has been incurred by you in replacing or reinstating theproperty destroyed or damaged we shall not be liable for any payment in excessof the amount which would have been payable under the policy if thismemorandum had not been incorporated therein.3. If as on the date of loss, the sum representing the cost which would have beenincurred in replacement or reinstatement if the whole of the property covered hadbeen destroyed, exceeds the sum Insured thereon or at the commencement ofany destruction or damage to such property by any of the perils insured againstby the policy, you shall be considered as being your own insurer for the excessand shall bear a rateable proportion of the loss accordingly. Each item of thepolicy (if more than one) to which this memorandum applies shall be separatelysubject to the foregoing provision.This Memorandum shall be without force or effect if:10 of 41

UNIVERSAL SOMPO GENERAL INSURANCE COMPANY LIMITEDMailing Address: 201-208, Crystal Plaza, Opp. Infinity Mall, Link Road,Andheri (West), Mumbai – 400 058Tel: 0091 22 4067 9000Regd. Office: 201-208, Crystal Plaza, Opp. Infinity Mall, Link Road,Andheri (West), Mumbai – 400 058However, in respect of “Loss of moneycontained in Safe, Strong Room, Till, Counter”Our liability for any one loss shall be limited tomoney equivalent to maximum one day’scollection only or the sums mentioned in theschedule which ever is less.articles or premises.Loss or damage resulting from an act ofRiot, Strike, Malicious Damage andTerrorism.Unexplained losses, shortages due toerror or omissions, losses discoveredwhen making an inventory or a periodicstock taking or loss resulting from yourvoluntarily parting with title.Damage to glass and sign boardsLive stockLoss or damage to contents or stockwhen the premises are left unoccupiedfor more than 30 consecutive daysunless the same has been reported tous in writing and our written approvalobtained.Contents from the safe following theuse of a key to gain access to the safe,or any duplicate thereof belonging toyou unless such key has been obtainedby aggressive or violent means.Any consequential loss or legal liabilityFirst Rs 1000/- under each and everyclaimSECTION IIIBUSINESS INTERRUPTION (FIRE)12 of 41

UNIVERSAL SOMPO GENERAL INSURANCE COMPANY LIMITEDMailing Address: 201-208, Crystal Plaza, Opp. Infinity Mall, Link Road,Andheri (West), Mumbai – 400 058Tel: 0091 22 4067 9000Regd. Office: 201-208, Crystal Plaza, Opp. Infinity Mall, Link Road,Andheri (West), Mumbai – 400 058DefinitionsFire & allied perilsIndemnity PeriodGross ProfitNet ProfitTurnoverFire, lightning, explosion/implosion, aircraft damage, riot,Strike, malicious damage, storm, cyclone, typhoon,tempest, hurricane, tornado, flood, inundation, impactdamage, subsidence, landslide, rockslide, bursting and/oroverflowing of water tanks, apparatus and pipes, missiletesting operations, leakage from automatic sprinklerinstallations, bush fire, earthquake.The period beginning with the occurrence of the Damageand ending not later than number of months specified inthe Schedule thereafter during which the result of thebusiness shall be affected in consequence of the Damage.The sum produced by adding to the Net Profit the amountof the insured Standing Charges, or if there be no NetProfit the amount of insured Standing Charges less such aproportion of any net trading loss as the amount of theInsured Standing Charges bears to all the StandingCharges of the business.The net trading profit (exclusive of all capital receipt andaccretions and all outlay properly chargeable to capital)resulting from your business at the premises (the addressof insured premises as specified in the schedule) after dueprovision has been made for all Standing and othercharges including depreciation, but before the deduction ofany taxation chargeable on profits.The money paid or payable to the Insured for goods soldand delivered and for services rendered in course of thebusiness at the premises.RATE OF GROSS PROFIT – The rate ofGross Profit earned on the turnover duringthe financial year immediately before thedate of the damage.To which such adjustments shall be madeas may be necessary to provide for thetrend of the business and for variations inor special circumstances affecting the13 of 41

UNIVERSAL SOMPO GENERAL INSURANCE COMPANY LIMITEDMailing Address: 201-208, Crystal Plaza, Opp. Infinity Mall, Link Road,Andheri (West), Mumbai – 400 058Tel: 0091 22 4067 9000Regd. Office: 201-208, Crystal Plaza, Opp. Infinity Mall, Link Road,Andheri (West), Mumbai – 400 058ANNUAL TURNOVER – The Turnoverduring the twelve months immediatelybefore the date of the damage.STANDARD TURNOVER –The Turnoverduring that Period in the twelve monthsimmediately before the date of the damagewhich corresponds with the IndemnityPeriod.business either before or after the damageor which would have affected the businesshad the damage not occurred so that thefigures thus adjusted shall represent asnearly as may be reasonably practicablethe results which, but for the damage,would have been obtained during therelative period after the damage.What We CoverIf Your Business is interrupted because of a loss or damage at the Premises by Fire &allied perils for which valid claim is payable under Section 1 of this Policy, We will pay forthe loss resulting from the interruption in respect of the following items in accordancewith the Basis of Settlement and the Limit of Liability.(a) Reduction in Turnover(b) Increase in the cost of workingBasis of Claim SettlementThe amount payable as indemnity shall be,(a) IN RESPECT OF REDUCTION IN TURNOVER: the sum produced by applyingthe Rate of Gross Profit to the amount by which the Turnover during theIndemnity Period shall, in consequence of the Damage, fall short of the StandardTurnover.(b) IN RESPECT OF INCREASE IN COST OF WORKING: the additionalexpenditure (subject to the provisions of Memo 2) necessarily and reasonablyincurred for the sole purpose of avoiding or diminishing the reduction in Turnoverwhich but for that expenditure would have taken place during the Indemnityperiod in consequence of the Damage but not exceeding the sum produced byapplying the Rate of Gross Profit to the amount of the reduction thereby avoided.Less any sum saved during the Indemnity Period in respect of such of the standingcharges of the business as may cease or be reduced in consequence of the damage.Provided that if the sum insured by this item be less than the Annual Turnover, theamount payable shall be proportionately reduced.Memo 1: If during the Indemnity Period goods shall be sold or services shall berendered elsewhere than at the premises for the benefit of the business either by you orby others on your behalf the money paid or payable in respect of such sales or servicesshall be brought into account in arriving at the Turnover during the Indemnity Period.14 of 41

UNIVERSAL SOMPO GENERAL INSURANCE COMPANY LIMITEDMailing Address: 201-208, Crystal Plaza, Opp. Infinity Mall, Link Road,Andheri (West), Mumbai – 400 058Tel: 0091 22 4067 9000Regd. Office: 201-208, Crystal Plaza, Opp. Infinity Mall, Link Road,Andheri (West), Mumbai – 400 058Memo 2: If any Standing Charges of the business be not insured by this policy then incomputing the amount recoverable hereunder as increase in Cost of Working thatproportion only of the additional expenditure shall be brought into account which the sumof the Net Profit and the Insured Standing Charges bears to the sum of the Net Profitand all the Standing Charges.Memo 3: If you declare, at the latest twelve months after the expiry of any Period ofInsurance, that the Gross Profit earned (or a proportionately increased multiple thereofwhere the maximum Indemnity Period exceeds 12 months) during the accounting periodof 12 months most nearly concurrent with any period of Insurance, as certified by theInsured’s Auditors, was less than the Sum Insured thereon, a pro-rata return of premiumnot exceeding 50% of the premium paid on such Sum Insured for such period ofInsurance shall be made in respect of the difference. Where, however, the declaration isnot received by us within twelve months after the expiry of the period of insurance, norefund shall be admissible.If any damage has occurred giving rise to a claim under this policy, such return shall bemade in respect only of said difference as is not due to the damage.Conditions applicable to Section III1. Duties Following an accidentIn the event of any occurrence, which might give rise to a claim under this Policy, youshall take all steps within your power to minimise the extent of the loss or damage;2. The insurance by this Policy shall cease if:a) The business be wound up or carried on by a Liquidator or Receiver orpermanently discontinuedorb) Your interest ceases otherwise than by deathorc) any alteration be made either in the business or in the premises orproperty therein whereby the risk of Damage is increased, at any time afterthe commencement of this insurance, unless its continuance be admittedby memorandum signed by or on behalf of the Company.3. Material Damage Clause:It is hereby declared and agreed that at the time of the happening of the damagethere shall be in force an insurance covering the interest of your property at the15 of 41

UNIVERSAL SOMPO GENERAL INSURANCE COMPANY LIMITEDMailing Address: 201-208, Crystal Plaza, Opp. Infinity Mall, Link Road,Andheri (West), Mumbai – 400 058Tel: 0091 22 4067 9000Regd. Office: 201-208, Crystal Plaza, Opp. Infinity Mall, Link Road,Andheri (West), Mumbai – 400 058premises against such damage and that payment shall have been made orliability admitted therefore under such insurance. However, this clause shall notapply where payment is not made under Fire Policy except due to operation of aproviso in Fire Policy excluding liability of losses below a specified amount.This clause will not be applicable to property on which you have no directinsurable interest and which they cannot be reasonably expected to insure.SECTION IVMONEY IN TRANSITDefinitionsMoney: Cash, currency coins, bank and currency notes, cheques, travellers’ chequespostal orders, money orders, and current postage stamps held in connection with YourBusiness or Profession.WHAT WE COVERLoss of money while in transitwhilst carried by you or youremployees, caused during thePolicy period by robbery, theft orany other fortuitous event notspecifically excluded.WHAT WE EXCLUDE1. Loss of money carried by any personother than You or Your employees2. Loss of money due to pick pocketing,mysterious disappearance orunexplained shortage.3. Loss of Money unless FIR is lodgedwithin 12 Hrs of occurrence of loss andPolice Report obtained.4. Consequential loss of any nature5. Money carried under contract ofaffreightment.6. Loss of money from any unattendedvehicle.7. Loss of money in transit bypost/courier.8. Loss arising out of or due to or relatedto use of counterfeit money.9. Loss occasioned by Riot, Strike or16 of 41

UNIVERSAL SOMPO GENERAL INSURANCE COMPANY LIMITEDMailing Address: 201-208, Crystal Plaza, Opp. Infinity Mall, Link Road,Andheri (West), Mumbai – 400 058Tel: 0091 22 4067 9000Regd. Office: 201-208, Crystal Plaza, Opp. Infinity Mall, Link Road,Andheri (West), Mumbai – 400 058terrorist activity.10. Loss of money arising out of fraud ordishonesty of you or your employees.17 of 41

UNIVERSAL SOMPO GENERAL INSURANCE COMPANY LIMITEDMailing Address: 201-208, Crystal Plaza, Opp. Infinity Mall, Link Road,Andheri (West), Mumbai – 400 058Tel: 0091 22 4067 9000Regd. Office: 201-208, Crystal Plaza, Opp. Infinity Mall, Link Road,Andheri (West), Mumbai – 400 058SECTION VPlate Glass and Neon Signs/Glow SignsWHAT WE COVER1. Any Sudden, unforeseen, accidentalloss or damage to Plate Glass/NeonSigns/Glow Signs.2. Damage to frame and framework ofany description following breakage ofGlass and/or Neon Boards/glow signssubject to a maximum of Rs 5000/-.3. Following breakage of Glass, the costof tinting, lettering, painting,embossing, silvering or any otherornamental work on the replacementGlass, provided that such costs havebeen included in the Sum Insured ofthe Glass under this Section.WHAT WE EXCLUDE1. First Rs 1000/- under each and everyclaim2. Breakage or damage during removal,alteration and repairs carried out atyour premises3. Scratching other than the fractureextending through the entire thicknessof Plate Glass4. Damage or breakage to Plate Glass orNeon Signs, Glow Signs which are notsecurely fixed.5. Any loss or damage caused willfully byyou or your employees, or any loss ordamage in which you or any personacting on your behalf is or is alleged tobe involved or implicated.6. Any loss or damage for which themanufacturer or supplier is responsible.7. Any costs incurred in connection withthe elimination of functional failuresunless such failures were caused by anindemnifiable event8. Loss or damage caused by sun, rain,hail or climatic or atmosphericconditions.9. Fusing or burning out of bulbs and/ortubes howsoever caused10. Any consequential loss or legal liability18 of 41

UNIVERSAL SOMPO GENERAL INSURANCE COMPANY LIMITEDMailing Address: 201-208, Crystal Plaza, Opp. Infinity Mall, Link Road,Andheri (West), Mumbai – 400 058Tel: 0091 22 4067 9000Regd. Office: 201-208, Crystal Plaza, Opp. Infinity Mall, Link Road,Andheri (West), Mumbai – 400 058SECTION VIDefinition:ELECTRONIC EQUIPMENT INSURANCEElectronic Equipment:Electronic Equipment means the items specified in theSchedule and which are contained or fixed at or in theinsured premises. This may include computer, faxmachine, televisions sets or any other electronic itemincluding accessories and/or system software.WHAT WE COVERLoss or damage to Electronic Equipmentcaused by unforeseen and suddenaccident from any cause other than thosespecifically excluded.Loss or damage to External Data Mediaand/or costs of restoring information anddata stored therein.NB 1:This cover is applicable during theperiod when after successful completion oftheir performance/acceptance test, suchequipments, parts, accessories are at workor at rest or being dismantled for thepurpose of cleaning, overhauling or incourse of aforesaid operation themselvesor when being shifted within the premisesor during re-erection.NB 2: We will not be liable for payment forthe restoration of information and datastored in the External Data Media unlessthis can be achieved from a back upsystem for the lost data and information.WHAT WE EXCLUDE1. The first 5% or Rs 2500/- (whichever ishigher) of each and every claim inrespect of damage to electronicequipments and the first 5% or Rs1000/- (which ever is higher)of anyclaim concerning External Data Media.2. Damage due to faults/defects existingat the commencement of this insuranceand known to You , whether suchfaults/defects were known to Us or notand any willful act or negligence of Youor Your employees3. Damage due to continuous influence ofoperation (e.g. wear and tear,cavitation, erosion, corrosion,incrustation) gradual deterioration andclimatic condition.4. Any cost incurred in connection withelimination of functional failures unlesssuch failures were caused by Damagecovered under this Section of thePolicy.5. Damage for which the manufacturer orsupplier is responsible either by law or19 of 41

UNIVERSAL SOMPO GENERAL INSURANCE COMPANY LIMITEDMailing Address: 201-208, Crystal Plaza, Opp. Infinity Mall, Link Road,Andheri (West), Mumbai – 400 058Tel: 0091 22 4067 9000Regd. Office: 201-208, Crystal Plaza, Opp. Infinity Mall, Link Road,Andheri (West), Mumbai – 400 058under contract or any amountrecoverable under the terms ofMaintenance Agreement.6. Damage to rented or hired equipmentsfor which owner is responsible either bylaw or under lease and/or MaintenanceAgreement.7. Cost of transporting the electronicequipment to and from the place ofrepair.8. Damage to consumable items (e.g.bulbs, valves, tubes, ribbons, fuses,seals, belts, wires, chains,exchangeable tools, objects made ofglass, porcelain or ceramics andoperating media as well as aestheticdefects like scratches etc. unless suchparts are affected by an indemnifiableDamage to the insured Item itself).9. Damage to external antenna, dishes,masts and fittings by theft.10. Damage arising through fitting,adjustment, repair or dismantling of anypart of said equipment/installation otherthan by an authorised representative ofan Electronic Equipment manufacturer,dealer or that of a reputed repairer.11. Any cost required for alteration,improvement or overhaul or for makingdrawings, patterns and core boxes.12. Damage by pressure waves caused byaircraft and other aerial devicestraveling at sonic or supersonicspeeds.13. Loss or damage to mobile phones orother similar communication devices14. False programming, punching, labeling20 of 41

UNIVERSAL SOMPO GENERAL INSURANCE COMPANY LIMITEDMailing Address: 201-208, Crystal Plaza, Opp. Infinity Mall, Link Road,Andheri (West), Mumbai – 400 058Tel: 0091 22 4067 9000Regd. Office: 201-208, Crystal Plaza, Opp. Infinity Mall, Link Road,Andheri (West), Mumbai – 400 058or inserting or the inadvertent cancelingof information or data contained inExternal Data Media.15. Consequential Loss of any kind ordescription whatsoever or any legalliability.Conditions Applicable to Section VI1. SUM INSUREDThe Sum Insured shall be equal to cost of replacement of Electronic Equipment asnew of same kind, type and capacity including freight, dues and custom duties andalso cost of dismantling and re-erection. The value of system software also mustform part of the sum insured..2. CLAIM SETTLEMENTThe basis of claim settlement can be on either Repair basis or on a Total Loss basis.The total loss basis is adopted if the cost of repair exceeds or equals the MarketValue of the Equipment immediately before the Damage.The settlement on repair basis shall be the cost of repairs as on date of loss. Nodeduction will be made for depreciation in respect of parts replaced except thosewith limited life.For Total Loss Basis settlement Market Value of item will be calculated by deductingproper depreciation from the Replacement Value of item as new of same kind, typeand capacity as on date of loss. If the damaged items become obsolete, then all costnecessary to replace the damaged item with a follow up model less depreciation andany betterment will be allowed.The Sum Insured under the Policy if found to be less than the amount required to beinsured as described under “Sum Insured’ above, then We will pay only in suchproportion as the Sum Insured bears to the amount required to be insured. Each andevery item shall be subject to this condition separately.21 of 41

UNIVERSAL SOMPO GENERAL INSURANCE COMPANY LIMITEDMailing Address: 201-208, Crystal Plaza, Opp. Infinity Mall, Link Road,Andheri (West), Mumbai – 400 058Tel: 0091 22 4067 9000Regd. Office: 201-208, Crystal Plaza, Opp. Infinity Mall, Link Road,Andheri (West), Mumbai – 400 058SECTION VIIBREAKDOWN OF BUSINESS EQUIPMENTDefinition:Business Equipments:Business Equipments means the electrical and/or mechanical equipments specified inthe Schedule which are contained in or fixed at the insured premises and used solely inthe course of the BusinessWHAT WE COVERLoss or damage to Business Equipmentsby unforeseen and sudden accident fromany cause other than those specificallyexcluded, whilst located in the premisesand necessitating its immediate repair orreplacement.WHAT WE EXCLUDE1. The first Rs 250/- or 1% of SumInsured whichever is higher for eachloss or damage.2. Damage covered under Maintenanceagreement or for which manufactureror supplier is responsible3. Damage resulting from overloadexperiment or test requiring impositionof abnormal conditions.4. Damage due to deterioration of orwearing away of any item caused by oras a result of normal use or exposure,atmospheric or climatic conditions,rust, corrosion, moth, vermin or insect.5. Gradually developing flaws, defects,cracks or partial fractures in any partnot necessitating immediate stoppage,although at some future time repair orreplacements of parts affected may benecessary.6. Damage due to faults/defects existingat the commencement of this insuranceand known to You , whether suchfaults/defects were known to Us or notand any willful act or negligence of Youor Your employees7. Damage to consumables such as22 of 41

UNIVERSAL SOMPO GENERAL INSURANCE COMPANY LIMITEDMailing Address: 201-208, Crystal Plaza, Opp. Infinity Mall, Link Road,Andheri (West), Mumbai – 400 058Tel: 0091 22 4067 9000Regd. Office: 201-208, Crystal Plaza, Opp. Infinity Mall, Link Road,Andheri (West), Mumbai – 400 058ropes, rubber items, dies, moulds,blade, cutters, knives, exchangeabletools, engraved or impression cylindersor rolls, glass and porcelain items,ceramics, operating media, belts orwires, fabrics, anti-corrosive, nonmetallic linings unless such parts areaffected by an indemnifiable Damageto the insured item itself8. Cost of transport to the repair shop andback of any Damaged item9. Loss or damage to any BusinessEquipment by perils insurable underother Sections of this Policy.10. Loss or damages to mobile phones orany other portable equipment.11. Any costs incurred in connection withthe maintenance of BusinessEquipment including parts replaced inthe course of such maintenanceoperations.12. Consequential loss of any kind ordescription whatsoever and legalliabilityConditions Applicable to Section VII1. SUM INSUREDIt is a requirement of this insurance that the Sum Insured in respect of itemsspecified in the Schedule shall be equal to the cost of replacement of the insuredproperty by new property of the same kind and capacity, including freight, customduties.2. CLAIM SETTLEMENTThe basis of claim settlement can be on either Repair basis or on a Total Loss basis.The total loss basis is adopted if the cost of repair exceeds or equals the MarketValue of the Equipment immediately before the Damage.23 of 41

UNIVERSAL SOMPO GENERAL INSURANCE COMPANY LIMITEDMailing Address: 201-208, Crystal Plaza, Opp. Infinity Mall, Link Road,Andheri (West), Mumbai – 400 058Tel: 0091 22 4067 9000Regd. Office: 201-208, Crystal Plaza, Opp. Infinity Mall, Link Road,Andheri (West), Mumbai – 400 058The settlement on repair basis shall be the cost of repairs as on date of loss. Nodeduction will be made for depreciation in respect of parts replaced except thosewith limited life.For Total Loss Basis settlement Market Value of item will be calculated by deductingproper depreciation from the Replacement Value of item as new of same kind, typeand capacity as on date of loss. If the damaged items become obsolete, then all costnecessary to replace the damaged item with a follow up model less depreciation andany bettermentwill be allowed.The Sum Insured under the Policy if found to be less than the amount required to beinsured as described under “Sum Insured’ above, then We will pay only in suchproportion as the Sum Insured bears to the amount required to be insured. Each andevery item shall be subject to this condition separately.24 of 41

UNIVERSAL SOMPO GENERAL INSURANCE COMPANY LIMITEDMailing Address: 201-208, Crystal Plaza, Opp. Infinity Mall, Link Road,Andheri (West), Mumbai – 400 058Tel: 0091 22 4067 9000Regd. Office: 201-208, Crystal Plaza, Opp. Infinity Mall, Link Road,Andheri (West), Mumbai – 400 058SECTION VIIIALL RISK PORTABLE EQUIPMENTDefinition:Market Value:It means the Replacement Value of insured property or item as New at the time ofDamage or Loss less due allowance for betterment, wear and tear and/or depreciation.WHAT WE COVERPolicy covers Loss of or Damage toProperty insured caused by fire, riot andstrike, terrorist activity, theft or accidentfrom any fortuitous cause any time duringthe period of Insurance.Limit of Liability:- Our liability shall in nocase exceed in respect of each item thesum insured thereon or in the whole thetotal sum insured or such other sum orsums as may be substituted therefor, byany endorsement during any one period ofinsurance.WHAT WE EXCLUDE1. Damage caused by any process ofcleaning, dyeing or bleaching, restoring,repairing or renovation or deteriorationarising from wear and tear, moth, vermin,insects or mildew or any other graduallyoperating cause.2. Breakage, cracking or scratching of crockery,glass, cameras, binoculars, lenses,sculptures, curious, pictures, musicalinstruments, sports gear and similar articlesof brittle or fragile nature, unless caused byfire or accident to the means of conveyance.3. Loss or damage caused by mechanical orelectrical derangement/breakdown of anyarticle unless caused by accidental externalmeans.4. Overwinding, denting or internal damage ofwatches and clocks.5. Loss or damage to money, securities,manuscripts, deeds, bonds, bills of exchange,promissory notes, stock or share certificates,stamps, travel tickets, travellers’ cheques,business books or documents.6. Any loss or damage arising through delay,detention or confiscation by Customs or otherauthorities.7. Loss or damage whether direct or indirectarising from War, Warlike operations, Act ofForeign Enemy, Hostilities (whether war bedeclared or not), Civil war, rebellion,Insurrection, CivilCommotion, Military or Usurped Power,Seizure, Capture, confiscation, ArrestsRestraints and Detainment by the order of any25 of 41

UNIVERSAL SOMPO GENERAL INSURANCE COMPANY LIMITEDMailing Address: 201-208, Crystal Plaza, Opp. Infinity Mall, Link Road,Andheri (West), Mumbai – 400 058Tel: 0091 22 4067 9000Regd. Office: 201-208, Crystal Plaza, Opp. Infinity Mall, Link Road,Andheri (West), Mumbai – 400 058Government or any other authority.8.a. Any loss, destruction or damage to anyproperty whatsoever or any loss or expensewhatsoever, resulting or arising there from orany consequential loss and any legal liability ofwhatsoever nature, directly or indirectly causedby or contributed to by or arising from ionising,radiation or contamination by radioactivity fromany source whatsoever.b. Any loss, destruction, damage or legal liabilitydirectly or indirectly caused by or contributed toby or arising from Nuclear Weapons Material.9. Loss or destruction of or damage to anyproperty whatsoever (including a computer) orany loss or expense whatsoever resulting orarising there from;a) Any legal liability of whatsoever nature;b) Any consequential loss; directly or indirectlycaused by or contributed to by or consisting of orarising from the incapacity or failure of anyequipmentExcess –• For the occupancy having sum inured under the All risk cover over 1,00,00,000for the laptop/ProjectorExcess are as belowo Laptop - 5% of the claim amount subject to minimum of Rs 1,000/-o Projector - 5% of the claim amount subject to minimum of Rs 2,500/-• For all other cases Excess under this section :o Laptop - 5% of the claim amount subject to minimum of Rs 1,500/-o Projector - 5% of the claim amount subject to minimum of Rs 5,000/-Conditions Applicable to Section VIII1. Geographical ScopeThe geographical scope of this policy will be India unless the policy has been specificallyextended for worldwide coverage in which case the claims shall be settled in India inIndian rupees. The laws of India shall govern the provisions of this policy for the time26 of 41

UNIVERSAL SOMPO GENERAL INSURANCE COMPANY LIMITEDMailing Address: 201-208, Crystal Plaza, Opp. Infinity Mall, Link Road,Andheri (West), Mumbai – 400 058Tel: 0091 22 4067 9000Regd. Office: 201-208, Crystal Plaza, Opp. Infinity Mall, Link Road,Andheri (West), Mumbai – 400 058being in force. The parties hereto unconditionally submit to the jurisdiction of the courtsin India2. PROPERTY NOT COVEREDFountain pens, spectacles, musical instrument, Cufflinks, clothing, cigarette cases, silverutensils, money, securities, Manuscripts, Deed Bonds, Traveller’s cheques, Books ofAccounts etc.3. a. SINGLE ARTICLE LIMIT: Unless specially and separately stated, our liability inrespect of each article or pair of articles shall not exceed 10% of the Total Sum Insuredunder this policy.3. b. ARTICLES IN PAIRS OR SETS: Where any item insured hereunder consists ofarticles in pair or set, our liability in respect there of shall not exceed the value of anyparticular part or parts which may be lost or damaged without reference to anyspecial value which such article or articles may have as part of such pair or set normore than a proportionate part of the insured value of the pair or set.SECTION IXDefinitions:PERSONAL ACCIDENT1. Capital Sum Insured:It means the Monetary Amounts shown against each of the insured person.2. Bodily InjuryIt shall mean accidental bodily injury solely and directly caused by external,physical and visible cause.3. Insured Person:The person(s) named as insured person in the Schedule which may include youand your employee(s), spouse, dependent children and dependent parents.4. Permanent Total Disability:The bodily injury that totally, irrevocably and absolutely prevents you fromengaging in any kind of occupation, within 12 months from the date ofaccident, as specified under the Table of Benefits.5. Accidental Death:Accidental death means death resulting from Bodily Injury solely due toaccidental, external, violent and visible means and which occasions the death ofthe insured person within 12 months from the date of accident.27 of 41

UNIVERSAL SOMPO GENERAL INSURANCE COMPANY LIMITEDMailing Address: 201-208, Crystal Plaza, Opp. Infinity Mall, Link Road,Andheri (West), Mumbai – 400 058Tel: 0091 22 4067 9000Regd. Office: 201-208, Crystal Plaza, Opp. Infinity Mall, Link Road,Andheri (West), Mumbai – 400 058WHAT WE COVERBodily injury directly resulting to theAccidental Death or Permanent Disability tothe insured person as per the Table ofBenefits.WE shall pay to the insured person or his/herlegal representative / assignee thecompensation set forth in Table of Benefits (as percentage of Capital Sum Insured..)WHAT WE EXCLUDE1. Compensation under more than one ofthe benefits mentioned in Table ofBenefits in respect of same period ofdisablement.2. Any other payment after a claim underone of the benefits 1,2,3 and 4 in Tableof benefits has been admitted andbecomes payable.3. Any payment in case of more than oneclaim under this section during any oneperiod of Insurance by which our liabilityin that period would exceed CSI4. Payment of compensation in respect ofdeath or injury as a consequence of orresulting inNatural DeathCommitting or attempting suicide,intentional self-injury.Whilst under influence of intoxicatingliquor.Drug addiction or alcoholism.Whilst engaged in any adventuroussports and/or hazardous activities.Committing any breach of law withcriminal intent. Pregnancy including child birth,miscarriage, abortion or complicationarising there from. Participation in any naval, military or airforce operations. Venereal or sexually transmitteddiseases. HIV and or related illness Curative treatments or interventions28 of 41

UNIVERSAL SOMPO GENERAL INSURANCE COMPANY LIMITEDMailing Address: 201-208, Crystal Plaza, Opp. Infinity Mall, Link Road,Andheri (West), Mumbai – 400 058Tel: 0091 22 4067 9000Regd. Office: 201-208, Crystal Plaza, Opp. Infinity Mall, Link Road,Andheri (West), Mumbai – 400 058TABLE OF BENEFITS1. Accidental Death 1002. a) Loss of sight (both eyes)100b) Physical separation of or loss of ability100to use both hands or both feetc) Physical separation of or loss of ability100to use one hand and one footd) Loss of sight of one eye and physical100separation of or loss of ability to use eitherone hand or one footPERCENTAGE OF CAPITAL SUMINSURED3.a) Loss of sight of one eyeb)physical separation of or loss of ability touse one hand or one foot50504. Permanent Total and absolute disablement 10029 of 41

UNIVERSAL SOMPO GENERAL INSURANCE COMPANY LIMITEDMailing Address: 201-208, Crystal Plaza, Opp. Infinity Mall, Link Road,Andheri (West), Mumbai – 400 058Tel: 0091 22 4067 9000Regd. Office: 201-208, Crystal Plaza, Opp. Infinity Mall, Link Road,Andheri (West), Mumbai – 400 058SECTION XFIDELITY GUARANTEEDefinition:Employees:The term “Employee’’ wherever appearing in this policy means any person (other than aperson whose employment is of a casual nature or who is employed otherwise than forthe purposes of Your business) who has entered into a contract of employment withYou whether such contract of employment is express or implied, oral or in writing.Limit of indemnity: the amount stated in the schedule, which shall be the company,smaximum liability for any and all claims in respect of that employeePeriod of Insurance: the period between the retroactive date and the expiry datespecified in the schedulePolicy period: the period between the commencement date and the expiry datespecified in the scheduleRetroactive date: the date specified in the schedule and if none is specified, thecommencement date specified for the policy period30 of 41

UNIVERSAL SOMPO GENERAL INSURANCE COMPANY LIMITEDMailing Address: 201-208, Crystal Plaza, Opp. Infinity Mall, Link Road,Andheri (West), Mumbai – 400 058Tel: 0091 22 4067 9000Regd. Office: 201-208, Crystal Plaza, Opp. Infinity Mall, Link Road,Andheri (West), Mumbai – 400 058WHAT WE COVERDirect pecuniary loss sustained by you inconsequence of any fraudulent ordishonest act of an Employee if You are able to identify whichemployee is responsible The employee’s dishonest act iscommitted in the course of thebusiness during the period ofinsurance The loss is first discovered duringthe policy period or within 12months of the expiry of the policy. The loss is reported to the policeimmediately upon discovery Our liability to indemnify is subjectto the deductible, sum insured andthe limit of indemnityNB: Any monies which, but for thedishonest conduct of the Employeeconcerned, would have been payable byyou to the Employee (or which may comeinto your custody, care or control) shall beapplied by you, to the extent it is legallyentitled to do so, against the amountpayable by us in diminution or extinction ofany loss.WHAT WE EXCLUDE1.5% of the claim amount subject tominimum of Rs. 2500/2. Any dishonest act committed by aperson whom you knew to be dishonest.3. Any loss resulting directly or indirectlyfrom trading in securities : whether inyour name and whether in a genuine orfictitious account4. Losses reported after 90 days from thedate of cancellation or expiry of the policyperiod in the event of non-renewal orcancellation of the policy.5.Consequential loss of any kind6.Legal liability of any kind7.Any expenses incurred by you inestablishing the existence of orquantification of any fact or loss giving riseto a claim under this policyConditions Applicable to Section X1. We will not be liable for and no indemnity will be provided by us in respect of any lossarising in circumstances where:You carry on any business other than the Business stated in the proposalThe duties or terms of service of Employees differ from those described in theproposalThe precautions and checks for ensuring the accuracy of your accounts are notthe same as described in your proposal.31 of 41

UNIVERSAL SOMPO GENERAL INSURANCE COMPANY LIMITEDMailing Address: 201-208, Crystal Plaza, Opp. Infinity Mall, Link Road,Andheri (West), Mumbai – 400 058Tel: 0091 22 4067 9000Regd. Office: 201-208, Crystal Plaza, Opp. Infinity Mall, Link Road,Andheri (West), Mumbai – 400 058SECTION XIPUBLIC LIABILITYDefinitions:1. Defence Costs:Defence Costs means the expenses incurred by you or on your behalf, in theinvestigation or settlement or defence of a claim and shall include legal costs anddisbursements.WHAT WE COVERWe will indemnify you against legal liabilityto pay compensation including the Defencecosts incurred by you with our writtenconsent, anywhere in India, in accordancewith the Indian law, against(a) Third Party PropertyDamage(b) Third Party injury/deathCaused in the course of the Business byan accident in your business premises,occurring and notified to us during thepolicy period.Limit of liability:Limit of Liability means the amount statedin the schedule, which shall be ourmaximum liability under this section(inclusive of Damages and/or DefenceCosts, and regardless of the number ofclaimants or the total number or amount ofClaims made against you) for any oneClaim and in the aggregate for all Claimsmade during the Policy Period.WHAT WE EXCLUDE1. Any liability arising out of a contractualobligation.2. Any Liability arising out of wilful orintentional non-compliance of any statutoryregulations.3. Any bodily injury of any person under acontract of employment with you, yourcontractors or sub-contractors arising out ofand in the course of employment4. Consequential loss of any kind5. Any Liability arising out of Libel, slander,false arrest, wrongful eviction, wrongfuldetention, defamation including mentalinjury, shock resulting there from.6. Liability arising out of Vehicles coveredunder Indian Motor Vehicle Act.7. Damage to property belonging to thirdparties that is rented, leased or under hire –purchase agreement or on loan to you8. Damage to property belonging to third partyhandled by you by way of your trade orworked upon by or in your care, custody orcontrol.32 of 41

UNIVERSAL SOMPO GENERAL INSURANCE COMPANY LIMITEDMailing Address: 201-208, Crystal Plaza, Opp. Infinity Mall, Link Road,Andheri (West), Mumbai – 400 058Tel: 0091 22 4067 9000Regd. Office: 201-208, Crystal Plaza, Opp. Infinity Mall, Link Road,Andheri (West), Mumbai – 400 0589. Pollution of any kind10. Any Liability under the Public LiabilityInsurance Act which attaches liability on ano fault basis11. Product Liability12. Any claim directly or indirectlyconnected to earthquake, typhoon,cyclone, flood or other convulsions ofnature or atmospheric disturbances.13. This Policy does not cover liabilitywhich at the time of happening of anyevent resulting into such liability, beinsured by or would, but for theexistence of this Policy, be insured by,any other Policy (but not Public LiabilityPolicy) or Policies, except in respect ofany excess beyond the amount whichcould have been payable under suchPolicy/Policies, had this insurance notbeen effected.14. Liability arising out of loss of purefinancial nature such as loss ofgoodwill, loss of market etc.15. Liability arising out of infringement ofplans, copyright, patent, trade name,trade mark, registered design.16. Liability arising out of the ownership,possession or use by or on behalf ofYou of any aircraft, watercraft orhovercraft.Conditions Applicable to Section XI1) No claim shall be payable under this policy unless the cause of action arises in Indiaand the liability to pay claim is without legal recourse to you.2) Only Indian Law shall be applicable.3) Claims Series Clause: For the purpose of this Policy where a series of and/or severalbodily injuries and/or property damages are attributable direct or indirectly to the same33 of 41

UNIVERSAL SOMPO GENERAL INSURANCE COMPANY LIMITEDMailing Address: 201-208, Crystal Plaza, Opp. Infinity Mall, Link Road,Andheri (West), Mumbai – 400 058Tel: 0091 22 4067 9000Regd. Office: 201-208, Crystal Plaza, Opp. Infinity Mall, Link Road,Andheri (West), Mumbai – 400 058cause all such bodily injuries and/or property damages shall be added together and allsuch bodily injuries and/or property damages shall be treated as one claim and suchclaim shall be deemed to have been made at the point in time when the first of theclaims was made in writing. There shall, however, be no coverage for claims madearising from one specific cause, which are made later than 3 years after the first claim ofthe series.4) Extended Claim Reporting Clause: In the event of non-renewal or cancellation of thisPolicy, either by Us or by You, We will allow a time limit not exceeding 90 days fromthe date of expiry or cancellation of the Policy provided no insurance is in forceduring this extended reporting period of the same interest, for notification of claimsfor accidents which had taken place during the Period of Insurance but could not bemade during the Policy Period, provided, however, all claims made during theextended reporting period shall be handled as if they were made on the last day ofthe expiring Policy Period and are subject to the limits of indemnity and the terms,conditions and exceptions of the Policy.5) You shall give written notice to Us as soon as reasonably practicable of any claimsmade against you (or any specific event or circumstances that may give rise to aclaim being made against you) and which forms the subject of indemnity under thisPolicy and shall give all such additional information as We may require. Every claim,writ, summons or process and all documents relating to the event shall be forwardedto Us immediately on receipt by you.6) We will have the right but in no case the obligations, to take over and conduct inYour name the defence of any claims and will have full discretion in the conduct ofany proceedings and in the settlement of any claim and having taken over thedefence of any claim may relinquish the same. All amounts expended by Us in thedefence, settlement of payment of any claim will reduce the Limits of Indemnity,specified in the Schedule of the Policy. In the event We, in Our sole discretionchoose to exercise our right pursuant to this condition, no action taken by Us in theexercise of such right will serve to modify or expand in any manner, Our liability orobligations under this Policy beyond what Our liability or obligations would have beenhad we not exercised its rights under this clause.7)In the event of liability arising under the Policy or the payment of a claim under thisPolicy, the Limit of Liability per any one Policy Period under this Section of this policyshall get reduced by the extent of quantum of liability to be paid or actual payment ofsuch claim. Under no circumstances it shall be permissible to reinstate the aggregateLimit of Liability to the original level even on payment of extra premium.8) You shall not admit liability for or settle or compromise or make or promise anypayment in respect of any claim which may be the subject of an indemnity under thepolicy or incur any costs or expenses in connection therewith without the prior writtenconsent from us.34 of 41

UNIVERSAL SOMPO GENERAL INSURANCE COMPANY LIMITEDMailing Address: 201-208, Crystal Plaza, Opp. Infinity Mall, Link Road,Andheri (West), Mumbai – 400 058Tel: 0091 22 4067 9000Regd. Office: 201-208, Crystal Plaza, Opp. Infinity Mall, Link Road,Andheri (West), Mumbai – 400 058GENERAL CONDITIONS1. Notice:( APPLICABLE TO ALL SECTIONS OF THE POLICY EXCEPT TO THEEXTENT SPECIFICALLY VARIED UNDER SUCH SECTIONS)Every notice and communication to us required by or in respect of this policy shall be inwriting.2. Reasonable care:You must take all reasonable steps to protect the property insured, prevent damage oraccidents and maintain the property insured in a sound condition.3. Mis-description:This Policy shall be void and premium paid shall be forfeited in the event of misrepresentation,mis-description or non-disclosure of any materials facts by you or yourrepresentative.4. Alteration of Risk:The cover afforded under this policy shall be suspended and no payment shall be madehereunder if:(a) You carry on any business at the insured premises other than the business stated inthe proposal(b) There is any material change in the facts and matters stated in the proposal(c) The ownership of the building/stocks/contents passes from you to any other personor entity otherwise than by the operation of the law of succession as applicable.5 A) Claims Procedure:A) In the event of any circumstances likely to give rise to a claim you must:(a) Take steps to minimize the Damage and recover any missing Property.(b) Intimate us as soon as reasonably possible, but in any event within 15days of the date of the incident.However in respect of loss or damage under Section 2 (Burglary andRobbery) and Section 4 (Money), the loss must be reported within 24hours of the happening of any insured event.(c) Lodge complaint with the local police immediately in the event of Burglary, robbery,Riot. Strike and Malicious Damage and Loss of money while in transit.35 of 41

UNIVERSAL SOMPO GENERAL INSURANCE COMPANY LIMITEDMailing Address: 201-208, Crystal Plaza, Opp. Infinity Mall, Link Road,Andheri (West), Mumbai – 400 058Tel: 0091 22 4067 9000Regd. Office: 201-208, Crystal Plaza, Opp. Infinity Mall, Link Road,Andheri (West), Mumbai – 400 058(d) Take all reasonable steps to recover any property which has been lost and protect/safe guard damaged property from further loss or damage.(e) Make no admission or offer payment or indemnify, without Our written consent(f) Provide without expense to us, all proofs, certificates, evidence, assistance orinformation which we may reasonably requireB) The documents normally required to be submitted in the event of a claim are:a. Duly completed Claim formb. Copy of First Information Reportc. Estimate of loss / repairsd. Invoice/ Bills/Receiptse. Fire Brigade Report in respect of fire claims.f. Any other details/documents called for a specific loss5 B) Basis of Claims Settlement:UNLESS OTHERWISE SPECIFICALLY STATED UNDER THE RESPECTIVE SECTION, THE BASIS OFSETTLEMENT SHALL BE AS UNDER:Where a damaged item can be repaired or reinstated at a cost less than thereplacement cost then we will indemnify you in respect of expenses necessarily incurredto restore the affected item as nearly as practicable to its state immediately prior to thehappening of the insured event.In case of a total loss, we will pay you in respect of restoration or replacement costs.We shall not be bound to reinstate or restore exactly or completely but only as permittedby the circumstances and in a reasonably sufficient manner and to the state that existedimmediately prior to the happening of the insured event.If the value of the insured property shall at the time of any insured event be collectivelyof greater value than the sum insured thereon then you shall be considered as your owninsurer of the difference and shall bear a rateable proportion of the loss or damage.Each item if more than one shall be separately subject to this condition.6. CancellationWe may cancel this Policy by sending 15 days notice in writing by recorded delivery toYou at Your last known address. You will then be entitled to a pro-rata refund of36 of 41

UNIVERSAL SOMPO GENERAL INSURANCE COMPANY LIMITEDMailing Address: 201-208, Crystal Plaza, Opp. Infinity Mall, Link Road,Andheri (West), Mumbai – 400 058Tel: 0091 22 4067 9000Regd. Office: 201-208, Crystal Plaza, Opp. Infinity Mall, Link Road,Andheri (West), Mumbai – 400 058premium for the un-expired period of this Policy from the date of cancellation, which Weare liable to pay on demand.You may cancel this Policy by sending a written notice to Us. Retention premium for theperiod we were on risk will be calculated based on following short period table and thebalance(if any) will be refunded to you subject to the condition that no claim has beenpreferred on us :Upto 1 month25% of annual premiumAbove 1 month and upto 3 months50% of annual premiumAbove 3 months and upto 6 months75% of annual premiumAbove 6 months100% of annual premium7. FraudIf the claim be in any respect fraudulent, or if any false declaration be made or used insupport thereof or if any fraudulent means or devices are used by you or anyone actingon your behalf to obtain any benefits under the policy or if loss or damage be occasionedby the willful act or with your connivance, all benefits under this policy shall be forfeited.8. Contribution:If at the time of any loss or damage happening to any property hereby insured there beany other subsisting insurance or insurances, whether effected by you or by any otherperson on your behalf covering the same property We shall not be liable to pay orcontribute more than its rateable proportion of such loss .9. Subrogation:You shall at our expense do or concur in doing or permit to be done all such acts andthings that may be necessary or reasonably required by us for the purpose of enforcingany rights and remedies or obtaining relief or indemnity from the other parties to whichwe shall be or would become entitled or subrogated upon our paying or making goodany loss or damage under this Policy whether such acts and things shall be or becomenecessary or required before or after we indemnify your loss or damage10. ArbitrationShould any dispute arise between Us and You on the quantum of amount payable,liability being otherwise admitted by us, such dispute will be referred to Arbitration37 of 41

UNIVERSAL SOMPO GENERAL INSURANCE COMPANY LIMITEDMailing Address: 201-208, Crystal Plaza, Opp. Infinity Mall, Link Road,Andheri (West), Mumbai – 400 058Tel: 0091 22 4067 9000Regd. Office: 201-208, Crystal Plaza, Opp. Infinity Mall, Link Road,Andheri (West), Mumbai – 400 058proceedings in accordance with Arbitration and Conciliation Act of 1996 as amendedfrom time to time. Further the making of an award by Arbitrator(s) shall be a conditionprecedent to any right of action or suit by You against Us.11. Disclaimer ClauseIf We shall disclaim Our liability in any claim, and such claim shall not have been madethe subject matter of a suit in a court of law within 12 months from the date of disclaimer,then the claim shall for all purposes be deemed to have been abandoned and shall notthereafter be recoverable under this Policy.12. Geographical Limits:The Geographical Limit of this Policy and jurisdiction shall be India Except for the sectionVIII if the Geographical limit is mentioned as worldwide in the schedule. All claims underthis policy shall be settled in Indian Rupees only.13. Renewal:We agree to renew the policy on payment of renewal premium. However we mayexercise our option not to renew the policy on grounds of fraud, misrepresentation, orsuppression of any material fact either at the time of taking the policy or any time duringthe currency of the earlier policies or bad moral hazard.38 of 41

UNIVERSAL SOMPO GENERAL INSURANCE COMPANY LIMITEDMailing Address: 201-208, Crystal Plaza, Opp. Infinity Mall, Link Road,Andheri (West), Mumbai – 400 058Tel: 0091 22 4067 9000Regd. Office: 201-208, Crystal Plaza, Opp. Infinity Mall, Link Road,Andheri (West), Mumbai – 400 058GENERAL EXCLUSIONS(APPLICABLE TO ALL SECTIONS)1) Radioactive contamination:Any loss, damage or legal liability directly or indirectly caused by:(a) Ionising radiation or radioactive contamination from nuclear fuel or nuclear wastearising from burning nuclear fuel; or(b) The radioactive, poisonous, explosive or other dangerous properties of any nuclearequipment or nuclear part of that equipment.2) War Risks:Any consequence whatsoever resulting directly or indirectly from or in connection withany of the following regardless of any other contributing cause or event.War, invasion, act of foreign enemy hostilities or a warlike operation or operations(whether war be declared or not) civil war rebellion revolution insurrection civilcommotion assuming the proportions of or amounting to an uprising military or usurpedpower.3) Sonic bangs:Any loss, damage or legal liability directly or indirectly caused by pressure waves causedby aircraft and other flying objects traveling at or above the speed of sound.4) Pollution and/or Contamination:Loss, destruction or damage caused to the insured property by pollution orcontamination excluding Pollution or contamination which itself results from a peril hereby insured against Any peril hereby insured against which itself results from pollution orcontamination5) Gradually occurring losses:Loss or damage by wear and tear, depreciation, insects, vermins, moth, fungus,corrosion, rust, atmospheric or climatic conditions ingress of water, gradually operatingcause, process or cleaning, dyeing, repair, alteration or restoration.39 of 41

UNIVERSAL SOMPO GENERAL INSURANCE COMPANY LIMITEDMailing Address: 201-208, Crystal Plaza, Opp. Infinity Mall, Link Road,Andheri (West), Mumbai – 400 058Tel: 0091 22 4067 9000Regd. Office: 201-208, Crystal Plaza, Opp. Infinity Mall, Link Road,Andheri (West), Mumbai – 400 0586) Wilful Act:Loss or damage caused by or arising out of wilful act of the insured or any personacting on his/her behalf including circumstance, fact or matter you are or ought to bereasonably aware prior to the commencement of this contract.7) Accidental External means:Loss or damage caused by arising out of accidental external means Except asspecifically covered under respective sections.8) Consequential LossesLoss by delay, loss of market, loss of goodwill and / or any other consequential orindirect loss or damage not covered under Section III.9) Public Authority Loss , destruction or damage caused to the property insured by burning byorder of any Public Authority Permanent or temporary dispossession resulting from confiscation,commandeering, requisition or destruction by order of the Government or anylawfully constituted Authority.10) Liability;a) Liability more specifically insured elsewhereb) Liability arising out of Asbestosis or any matter related to or arising out of the sale,manufacture, production, distribution or the like of asbestos.11) Terrorism Damage Exclusion Warranty:Notwithstanding any provision to the contrary within this insurance it is agreed thatthis insurance excludes loss, damage cost or expense of whatsoever nature directlyor indirectly caused by, resulting from or in connection with any act of terrorismregardless of any other cause or event contributing concurrently or in any othersequence to the loss.For the purpose of this endorsement an act of terrorism means an act, including butnot limited to the use of force or violence and / or the threat thereof, of any person orgroup(s) of persons whether acting alone or on behalf of or in connection with anyorganization (s) or government(s), committed for political, religious, ideological orsimilar purpose including the intention to influence any government and/or to put thepublic, or any section of the public in fear.The warranty also excludes loss, damage, cost or expenses of whatsoever naturedirectly or indirectly caused by, resulting from or in connection with any action takenin controlling, preventing, suppressing or in any way relating to action taken inrespect of any act of terrorism.40 of 41

UNIVERSAL SOMPO GENERAL INSURANCE COMPANY LIMITEDMailing Address: 201-208, Crystal Plaza, Opp. Infinity Mall, Link Road,Andheri (West), Mumbai – 400 058Tel: 0091 22 4067 9000Regd. Office: 201-208, Crystal Plaza, Opp. Infinity Mall, Link Road,Andheri (West), Mumbai – 400 058If the Company alleges that by reason of this exclusion, any loss, damage, costor expenses is not covered by this insurance the burden of proving the contraryshall be upon the insured.In the event any portion of this endorsement is found to be invalid orunenforceable, the remainder shall remain in full force and effect.41 of 41