MOTOR
INSURANCE
Motor insurance is an insurance policy that covers the policyholder in case of financial losses – resulting from an accident or other damages – sustained by the insured vehicle. A comprehensive motor insurance policy covers damages to the third-party and third-party property along with compensating for own losses as well.
FIRE
INSURANCE
Fire insurance is a kind of contract between the insurance company and the insured, where the insurer assures. The policy helps the insured to cover the risk of loss of property by accidental fire cases in exchange for an annual premium. Basically, it means that insurance is taken out to cover the cost of damage caused by fire.
Health
insurance
Health insurance is a type of insurance that covers medical expenses that arise due to an illness. These expenses could be related to hospitalization costs, cost of medicines, or doctor consultation fees.
Marine
insurance
Marine insurance covers the loss or damage of ships, cargo, terminals, roads, and any transport by which the property is transferred, acquired, or held between the points of origin and the final destination. When goods are transported by mail or courier, shipping insurance is used instead.
Miscellaneous
insurance
Miscellaneous Insurance refers to contracts of insurance other than those of Life, Fire, and Marine insurance. It covers a variety of risks, the chief of which are:- Personal Accident insurance.
The types of miscellaneous insurance?
Burglary Insurance
Money Insurance
Mobile insurance
Marine insurance
Crop insurance
Property Insurance
Liability Insurance
Commercial Vehicle Insurance
Annuities Insurance
Laptop Insurance
Engineering
insurance
Engineering insurance refers to the insurance that provides economic safeguard to the risks faced by the ongoing construction project, installation project, and machines and equipment in project operation.
Insurance Period: the same as the construction period of the project
The types of Engineering Insurance Plans offered are as follows
Machinery Breakdown Policy
Plant All Risk Insurance
Electronic Equipment Policy
Erection All Risk
Contractor's All Risk Cover
Advance Loss of Profit Insurance Policy
Boiler Pressure Plant Insurance Policy