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New Fire Rate in This We Can Search PDF
New Fire Rate in This We Can Search PDF
UIIC:HO:FIRE:CIR:172:19-20 11/12/2019
Revision in rating for policies issued under Fire LOB w.e.f. 01/01/2020.
In view of revised IIB loss cost 2019 (Schedule 3), GIC Re, our Fire Surplus Treaty
leader, has made amendments to our Reinsurance Treaty w.e.f. 01/01/2020.
All the risks (Risk code / Rate code given in the Annexure I) will be rated at the
minimum rates as given. These rates are the minimum FLEXA rates to be quoted.
Offices are free to load these rates based on the risk features & claims experience.
However, no reduction in these minimum rates is permitted under any circumstances.
In case of Industrial All Risk / Mega policies for the above risks, the following
minimum rates are additionally to be charged:
For all occupancies, Insured may be allowed to opt out of STFI and/or EQ risks.
However in such cases FLEXA rate or applicable NATCAT rates whichever is higher is
to be charged.
Cancellation/ preponement of all policies incepting on or after 1st Jan 2020 to a date
prior to 1st Jan 2020 is permitted, provided the rates and terms are as per above
mentioned minimum rates.
Page 1 of 15 UIIC:HO:FIRE:CIR:172:19-20
Revision in rating & underwriting authority for policies issued under Fire LOB w.e.f.
01/01/2020.
UNITED INDIA INSURANCE CO. LTD.
Fire & Engineering department
For petrochemical risks, excluding refineries, the minimum rate applicable is as per Risk
code 2043 Chemical Manufacturing(Using materials with Flash Point below 32OC).
These rates will be effective from 01/01/2020. So, all risks incepting from 01/01/2020
have to be rated as per these rates.
-Sd-
N.C.Mondal
Deputy General Manager
Page 2 of 15 UIIC:HO:FIRE:CIR:172:19-20
Revision in rating & underwriting authority for policies issued under Fire LOB w.e.f.
01/01/2020.
UNITED INDIA INSURANCE CO. LTD.
Fire & Engineering department
ANNEXURE I
SECTION III
IIB
Risk New rate Rate per
Occupancy New description
code Code mille
code
1001 1 Dwellings 0.14
1001_2 2 Dwellings: Co-operative society 0.24
1002 3 Places of worships 0.12
1003 4 Libraries 0.21
1004 5 Museums 0.23
1005 6 Schools, Colleges 0.2
Hospitals including X-ray and other Diagnostic
1006 0.23
7 clinics
1007 8 Office premises, Meeting Rooms 0.25
1008 9 Auditoriums, Planetarium 0.28
1009 10 Mess Houses, Clubs 0.21
1 1010 11 Marriage Halls 0.18
Showrooms and display centres where goods
1011 0.28
12 are kept for display and no sales are carried out
Educational and Research Institutes imparting
1012 0.24
13 training in various crafts
1013 14 Lodging/Boarding Houses 0.19
1014 15 Cycle Shed and 0.22
1015 16 Dish Antenna 0.23
Indoor stadiums, Health Club, Gymnasium and
1016 0.08
17 Swimming pool
Data Processing/Call Centres/ Business Process
1029 0.14
18 Outsourcing Centres
Cafes, Restaurants, Hotels, Confectioner &
2 1017
2 Sweet meat sellers, Health Resorts 0.25
1018 21 Laundries, Dry Cleaning 0.51
1019 22 Battery Charging Service Stations 0.96
1020 23 Amusement parks 0.78
3 1021 24 Hoarding, Neon sign 0.99
1022 25 Sports Galleries, Outdoor stadiums. 1.43
Shops dealing in goods otherwise not provided
1023
26 for 0.66
Page 3 of 15 UIIC:HO:FIRE:CIR:172:19-20
Revision in rating & underwriting authority for policies issued under Fire LOB w.e.f.
01/01/2020.
UNITED INDIA INSURANCE CO. LTD.
Fire & Engineering department
SECTION IV
IIB New
Risk
Occupancy rate Rate per
code
code Code New description mille
1 2001 7 Abrasive Manufacturing 0.69
2 2002 5 Aerated Water Factories 0.62
3 2003 5 Aerial Ropeway including trolley stations 0.8
4 2004 7 Agarbatti manufacturing 1.65
5 2005 11 Aircraft Hangers 1.14
Airport Terminal Buildings (including all facilities
6 2006 5 like Cafes, Shops etc) N.B: Airport Cargo
complex shall be rated under Section VI 0.29
7 2007 18 Aluminium/ Magnesium Powder Plants 0.88
8 2008 5 Aluminium ,Zinc,Copper Factories 0.65
9 2009 7 Arecanut and/or Betelnut factories 1.07
Asbestos Steam Packing and lagging
10 2010 5
manufacturing 0.61
11 2011 7 Atta and Cereal Grinding (excluding Dal Mills) 0.73
12 2012 12 Audio/Video Cassette Manufacturing 2.08
2013 5 Automobile Manufacturing 0.53
13
2212 9 Automobile Filter Mfg 1.38
14 2014 5 Bakeries 0.7
15 2015 15 Basket Weavers and Cane Furniture Makers 2.66
16 2016 8 Battery Manufacturing 0.65
17 2017 11 Beedi Factories 1.32
18 2018 5 Biscuit Factories 0.68
Bitumenised Paper and / or Hessian Cloth
19 2019 14 Manufacturing including Tar Felt
Manufacturing. 1.37
20 2020 9 Book Binders, Envelope and Paper Bag 1.13
Page 4 of 15 UIIC:HO:FIRE:CIR:172:19-20
Revision in rating & underwriting authority for policies issued under Fire LOB w.e.f.
01/01/2020.
UNITED INDIA INSURANCE CO. LTD.
Fire & Engineering department
Manufacturing.
21 2021 7 Breweries 0.97
Brickworks (including refractories and fire
22 2022 3
bricks) 0.41
23 2023 5 Bridges - Concrete/Steel 0.18
24 2024 7 Bridges-Wooden 1.02
25 2025 3 Building In course of construction 0.18
26 2026 9 Cable Manufacturing 1.03
27 2027 11 Camphor Manufacturing 1.56
28 2028 11 Candle Works 1.65
29 2029 5 Canning Factories 0.86
30 2030 5 Capsule Manufacturing 0.66
Carbon paper / Typewriter Ribbon
31 2031 10
Manufacturing 1.37
32 2032 7 Cardamom Factories 1.02
33 2033 8 Cardboard Box Manufacturing 1.42
Page 5 of 15 UIIC:HO:FIRE:CIR:172:19-20
Revision in rating & underwriting authority for policies issued under Fire LOB w.e.f.
01/01/2020.
UNITED INDIA INSURANCE CO. LTD.
Fire & Engineering department
45 2045 10
Cigar and Cigarette Manufacturing 0.85
47 2047 10
Cigarette Filter Manufacturing (Others) 1.49
48 2048 11 Cinema Film Production Studios 2.64
Page 6 of 15 UIIC:HO:FIRE:CIR:172:19-20
Revision in rating & underwriting authority for policies issued under Fire LOB w.e.f.
01/01/2020.
UNITED INDIA INSURANCE CO. LTD.
Fire & Engineering department
Page 7 of 15 UIIC:HO:FIRE:CIR:172:19-20
Revision in rating & underwriting authority for policies issued under Fire LOB w.e.f.
01/01/2020.
UNITED INDIA INSURANCE CO. LTD.
Fire & Engineering department
Page 8 of 15 UIIC:HO:FIRE:CIR:172:19-20
Revision in rating & underwriting authority for policies issued under Fire LOB w.e.f.
01/01/2020.
UNITED INDIA INSURANCE CO. LTD.
Fire & Engineering department
Page 9 of 15 UIIC:HO:FIRE:CIR:172:19-20
Revision in rating & underwriting authority for policies issued under Fire LOB w.e.f.
01/01/2020.
UNITED INDIA INSURANCE CO. LTD.
Fire & Engineering department
Page 10 of 15 UIIC:HO:FIRE:CIR:172:19-20
Revision in rating & underwriting authority for policies issued under Fire LOB w.e.f.
01/01/2020.
UNITED INDIA INSURANCE CO. LTD.
Fire & Engineering department
Page 11 of 15 UIIC:HO:FIRE:CIR:172:19-20
Revision in rating & underwriting authority for policies issued under Fire LOB w.e.f.
01/01/2020.
UNITED INDIA INSURANCE CO. LTD.
Fire & Engineering department
Page 12 of 15 UIIC:HO:FIRE:CIR:172:19-20
Revision in rating & underwriting authority for policies issued under Fire LOB w.e.f.
01/01/2020.
UNITED INDIA INSURANCE CO. LTD.
Fire & Engineering department
SECTION V
IIB Rate
Risk New rate
Occupancy New description per
code Code
code mille
5 3001 8 Analytical / Quality Control Laboratories 0.54
SECTION VI
IIB
Risk
Occupancy New rate Rate per
Code
code Code New description mille
Page 13 of 15 UIIC:HO:FIRE:CIR:172:19-20
Revision in rating & underwriting authority for policies issued under Fire LOB w.e.f.
01/01/2020.
UNITED INDIA INSURANCE CO. LTD.
Fire & Engineering department
Page 14 of 15 UIIC:HO:FIRE:CIR:172:19-20
Revision in rating & underwriting authority for policies issued under Fire LOB w.e.f.
01/01/2020.
UNITED INDIA INSURANCE CO. LTD.
Fire & Engineering department
SECTION VII
IIB
Risk New rate Rate per
Occupancy New description
Code Code mille
code
Page 15 of 15 UIIC:HO:FIRE:CIR:172:19-20
Revision in rating & underwriting authority for policies issued under Fire LOB w.e.f.
01/01/2020.