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Kesarwani Appartment - Public Liability Quote PDF - Agency - LKO
Kesarwani Appartment - Public Liability Quote PDF - Agency - LKO
To,
Intermediary Code:
Intermediary Name: Broker TBA
We hereby extend our gratitude of having given us an opportunity to participate in quoting for the captioned risk.
Appended hereunder is a brief summation of the Terms we propose:-
Type of Cover Public Liability Non industrial Insurance Policy - Claims made
Insured Details
1. Proposed Insured Kesarwani Appartment
2. Additional Insured if any None
3. Business of the insured Housing Society
4. Turnover declared by the insured Rs. 1,000,000
Cover Details
From : 30/May/2023
1. Policy Period
To: 29/May/2024
2. Retroactive Date
3. Limit of Indemnity (LOI) 20000000
Agreegate One Year(AOY) Rs. 20,000,000
Any one Accident (AOA) Rs. 10,000,000
LOI Ratio 1:2
4. Territorial Scope India
5. Jurisdiction India
6. Premises Insured
Nos. of Premises Insured 1
Address of Premises Insured
Dwarka, Delhi, 110075
SBI General Insurance Company Ltd
3rd Floor, Halwasiya Commerce House,Habibullah Estate, 11 M.G.Marg, Hazratganj, Lucknow-226001
PREMIUM
Base Premium Rs. 7,136.00
Add : Service Tax : 18% Rs. 1,284.48
Total Premium Rs. 8,420.00
EXCESS/DEDUCTIBLE
The following first amounts as applicable of each and every loss shall be borne by the Insured for claims
in Countries:
India Rs. 100,000 each and every claim
EXCLUSIONS
1. Strike, riots, civil commotion and terrorism exclusion
2. Blasting activity and use/handling of explosives
3 Fungus, Mildew and Mould Liability Exclusion
4 Electro Magnetic Fields (EMF) Liability exclusion
5 Any Asbestos Liability (including claims expenses) whether incurred directly or indirectly
6. Genetically Modified Organisms
7 Expected or Intended Bodily Injury or Property Damage
8. Exclusions as per Public Liability Insurance Policy wording
9. Any loss to and/or arising out of tenants/lessee of the premises Insured
CONDITIONS/WARANTEES/EXTENSIONS APPLICABLE
1. Defence cost included within the Limit of Indemnity provided above
2. Designated Premises Endorsement Clause
3 Act of God Perils Extension Clause
SUBJECTIVITIES
1. Subject to complete details of premises to be covered is to be provided before inception of the policy
with us.
2. Subject to Nil Claims during last 3 years
3. Subject to no known or reported losses or incidents which may result in a claim as on inception of policy
with us
4 Subject to submission of complete, signed, stamped and dated proposal form to us before inception of
policy with us
Please note that this quote is valid for a period of 30 days from issue date or policy renewal date which ever earlier.
Hope you find our submission competitive enough and give us an opportunity of underwriting this business.
Should you at any time require any assistance, please do feel free to contact your relationship manager or write to
us at customer.care@sbigeneral.in
Yours Sincerely,
Authorized Signatory