The policy can be taken by jewellers who are wholesalers or retailers. The policy cannot be given to establishments whose work is predominantly manufacturing like cutters and goldsmiths. The policy also cannot be given to angadias , brokers or pawn brokers etc.

The sum insured under Section 1 (on the premises) and 2 (Under the custody of You & Others) should represent the cost price of the jewellery items. The sum insured under Section 3 (Loss or Damage whilst in transit) should represent the maximum loss likely, arising out of any one incident. The sum insured under Section 4 (Business & Other Office Furniture, Fixtures and appliances for business purposes) should represent the market value of the property.

These sections can be read in detail in policy wordings

The policy comprises four sections which are optional except for section I which is compulsory.

1. Covers loss or damage to jewellery , gold and silver ornaments or plates , pearls, precious stones, cash and currency notes whilst contained in the premises insured, by fire, explosion, lightning, burglary, house breaking, theft, hold up, robbery, riot, strike and malicious damage and terrorism.

2. Covers loss or damage to jewellery, gold etc. as described in Section I whilst it is in the custody of the insured, his/her partners, employees, directors, sorters of diamonds or whilst such property (excluding cash and currency notes) is in the custody of brokers, agents, cutters and goldsmiths.

3. Covers loss or damage to property described in Section I whilst in transit by registered parcel post, air freight or through angadia.

4. Covers loss or damage to trade and office furniture and fixtures in insured premises due to fire, explosion, lightning, burglary,house breaking, theft, hold up, robbery, riot, strike and malicious damage and terrorism.

• Loss or damage during cleaning repairing restoring

• Property missing at stock taking

• Articles in public exhibition

• Depreciation wear tear etc

• Window display after close of business hours

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, 6^th 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