Money Insurance

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Description For Our Services

Money is always susceptible to mishaps such as burglary and the like. To protect against this risk, “money insurance cover” may be purchased.Money shall mean cash, notes, cheques, securities, stamps and the like.

  • blog-checkIn transit from premises to bank and vice versa.
  • blog-checkIn a safe, in office premises.
  • blog-checkOther extensions incidental to money insurance can also be provided. These can be tailor made to the exact requirements of the customer.
  • blog-checkIn the care & custody of company’s designated staff.
  • blog-checkOut of the safe during working hours.
  • blog-checkFinancial Stability.

In granting the “money insurance cover”, the following factors are taken into consideration:

    blog-check Estimated annual carrying

    blog-check Maximum limit for any one carrying

    blog-check Maximum limit for safe-keeping at any given time.

The premiums are calculated on the estimated annual carryings and amount of money in the safe or on the premises. Furthermore the premiums Are based on the nature of the business, location and the security measures in place. For a thorough understanding of the product, please refer To our standard policy terms and conditions. Exclusions under the policy are:

    blog-check Theft byown employee.

    blog-check Money out of safe.(outside business hours)

    blog-check Loss of money premises following use of key, unless, key is obtained violent behaviour of threats.

    blog-check Shortage due to errors of omission and commission.

    blog-check War and like activities.

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