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The Bharat Laghu Udyam Suraksha Policy provides insurance cover for physical loss or damage to or destruction of Insured Property relating to Your business.
Loss, destruction or damage to the stocks in cold storage premises caused by change of temperature, Loss, or damage by spoilage resulting from the retardation or interruption or cessation of any process or operation caused by operation of any of the Insured Event. Show MoreShow Less
* The details furnished here do not constitute entire terms & conditions. For More details refer policy documents.
Call us on our Toll-free Helpline number 1800-22-403/1800-200-403
A surveyor will be assigned who will assess the losses.
After successful verification, the claim amount will be disbursed.
I own a jewellery shop in Lucknow. Unfortunately, a few days back a theft incident happened at my shop. I was left devastated by thankfully I had Shopkeeper Insurance Policy from Universal Sompo.
My hospital got damaged in the Kolhapur floods. But the quick settlement offered by the Universal Sompo team made me a little optimistic about things. It was a ray of hope I needed. You are the best!
I am a dairy owner from Khera district in Gujarat and I have cattle insurance policy from universal Sompo. Recently, my cattle died because of some disease. On intimation of claim, the team from Ahmedabad helped and supported me in the whole claim procedure.
I want to say that I am really impressed with the services of Universal Sompo. The speed with which they settled my claim is commendable. I found the team efficient, realiable, & full of professionalism.
This product is meant for all risks (except dwellings) in India where the total ‘Value at Risk’ above Rs 5 crore upto Rs 50 crore across all insurable asset classes at any one location at the commencement of the insurance cover
It covers loss due to unexpected events which result to physical loss, damage or destruction of building and structures, plant and machinery, stock and other assets relating to your business.
You can purchase the following optional cover by paying an additional premium.
Floater Cover: Provides cover for stocks at multiple locations under one sum insured
Declaration Policy for Stocks: Provides cover for frequent fluctuations in stock/stock values on a declaration basis.
During the Policy Period, if the value of Insurable Assets exceeds 50 crores or falls below 5 crores, the Bharat Laghu Udyam Suraksha policy shall continue till the policy expires. The Bharat Laghu Udyam Suraksha policy must be replaced with the applicable policy when it is renewed.
Under insurance is waived up to 15%, but beyond that under insurance is applicable to full extent.
We do not cover losses and expenses caused by or arising from events, stated below
i.Excess of 5 % of each claim, subject to a minimum of ₹ 10,000 ( Rupees Ten Thousand). This means that We will deduct 5 % of each claim, subject to a minimum of ₹ 10,000 (Rupees Ten Thousand) for each and every loss suffered by the insured under the terms of this policy.
ii.For terrorism risk the Excess shall be as per the clause attached to this policy
Your deliberate, wilful or intentional act or omission, or of anyone on Your behalf, or with Your connivance
Loss, destruction or damage to the stocks in cold storage premises caused by change of temperature
Your Premises or any Insured Building remaining continuously unoccupied for a period of more than 30 days, unless You have obtained prior written approval from Us and such approval is recorded as an endorsement on the Policy
War, invasion, act of foreign enemy hostilities or war-like operations (whether war is declared or not)
civil war, mutiny, civil commotion amounting to a popular rising
Pollution or contamination
Loss, destruction or damage to bullion or unset precious stones, any curios or works of art
Costs, fees or expenses for preparing any claim
In the unfortunate event of any claim under the policy, please intimate IMMEDIATELY to our Call Centre at Toll Free Numbers: 1800 200 4030 or Email at contactclaims@universalsompo.com. Please note that no delay should be allowed to occur in notifying a claim on the policy as the same may prejudice liability
The documents can be scanned and sent across to enable us to start with the claim process. Once we receive the originals the process would be complete
The documents have to be dispatched to the below address:
Universal Sompo General Insurance Co.Ltd. Airoli Office-Unit No.601 & 602,A wing, 6th floor, Reliable Tech Park, Cloud City Campus, Gut no 31, Mouje Elthan, Thane Belapur Road, Airoli, Navi Mumbai – 400708
Contact Details:
Name of the company: Universal Sompo General Insurance Company Limited
Registered & Corporate Office: Office No. 103, 1st Floor, Ackruti Star, MIDC Central Road, Andheri (East), Mumbai 400093, Maharashtra. Tel: 02241659800/ 900
Website: www.universalsompo.com.
E-mail: contactus@universalsompo.com
Customer Service: Toll Free Numbers: 1800 22 4030 / 1800 200 4030
Note: Please note that above is the gist. Please read the policy wordings in detail
Insurance is the subject matter of solicitation. IRDAI Registration Number - 134. CIN # U66010MH2007PLC166770.
Developed & Maintained by Universal Sompo General Insurance Co.Ltd