Royal Sundaram Bharat Sookshma Udyam Suraksha

This policy is meant for enterprises where the total value at risk across all insurable asset classes at one location does not exceed Rs. 5 Crore (Rupees Five Crore) at the policy commencement date. The Royal Sundaram Bharat Sookshma Udyam Suraksha Policy (RS Sookshma) provides insurance cover for physical loss or damage to, or destruction of, Insured Property relating to the business of the Insured.

Key Features

• Option to cover property on Reinstatement value basis for Building, Plant & Machinery, Landed Cost for Raw materials and manufacturing cost of finished goods and stock in process.
• Condition of average (Underinsurance) waiver up to 15%
• Inbuilt Covers like Removal of Debris/Professional Fees, Additions, alterations and extensions, Cover for specific contents, Startup expenses are available.
• Standard Addons like Declaration facility for stock is available.
• Inbuilt Cover for Earthquake, terrorism, and theft (for 7 days from the happening of insured event)
• Deductible - RS Sookshma - Flat excess of Rs. 5000/-

UIN: IRDAN102RP0014V02202021

COMBINED FIRE & BURGLARY SHIELD POLICY-SOOKSHMA

This policy is meant for enterprises where the total value at risk across all insurable asset classes at one location does not exceed Rs. 5 Crore (Rupees Five Crore) at the policy commencement date. The Royal Sundaram Combined Fire & Burglary Shield Policy – Sookshma provides insurance cover for physical loss or damage to, or destruction of, Insured Property relating to the business of the Insured. In addition, coverage against risks of Burglary and Housebreaking extended as a package.

Key Features

• Option to cover property on Reinstatement value basis for Building, Plant & Machinery, Landed Cost for Raw materials and manufacturing cost of finished goods and stock in process.
• Condition of average (Underinsurance) waiver up to 15%
• Inbuilt Covers like Removal of Debris/Professional Fees, Additions, alterations and extensions, Cover for specific contents, Startup expenses are available.
• Standard Addons like Declaration facility for stock is available.
• Inbuilt Cover for Earthquake, terrorism, and theft (for 7 days from the happening of insured event)
• Deductible - RS Sookshma - Flat excess of Rs. 5000/-
• Loss or damage due to Burglary is covered.

UIN: IRDAN102RP0002V04200607

Disclaimer

Insurance is the subject matter of solicitation. Royal Sundaram Bharat Sookshma Udyam Suraksha (UIN: IRDAN102RP0014V02202021) and Combined Fire & Burglary Shield Policy-Sookshma (UIN IRDAN102RP0002V04200607) is underwritten and issued by Royal Sundaram General Insurance Co. Limited. Claims will be settled by Royal Sundaram General Insurance Co. Limited as per the terms and conditions of the policy. Please refer to the policy document for exact terms and conditions and specific details applicable to this Insurance. Your participation in this insurance product is purely on a voluntary basis. We advise you to take your own professional advice before you participate. Royal Sundaram Bharat Sookshma Udyam Suraksha (UIN: IRDAN102RP0014V02202021) and Combined Fire & Burglary Shield Policy-Sookshma (UIN IRDAN102RP0002V04200607) product of Royal Sundaram is approved by IRDAI.

City Union Bank is Registered with Insurance Regulatory and Development Authority of India bearing Registration Number CA0023 is the corporate agent of Royal Sundaram General Insurance Co. Limited and does not underwrite the risk or act as an insurer. Registered Address: 149, TSR Big Street, Kumbakonam 612001. Participation by the clients of City Union Bank in the insurance product is purely on a voluntary basis. The Contract of Insurance is between Royal Sundaram General Insurance Co. Limited and the insured and not between City Union Bank and the insured.

Royal Sundaram Bharat Sookshma Udyam Suraksha (UIN: IRDAN102RP0014V02202021) and Combined Fire & Burglary Shield Policy-Sookshma (UIN IRDAN102RP0002V04200607) is a product underwritten and issued by Royal Sundaram General Insurance Co. Limited. The contract of insurance is between the insurer and the insured and not between the Bank and the insured. Bank does not give any warranty, as to the accuracy and completeness of the policies. Bank does not accept any liability or losses attributable to your contract of Insurance. Participation by the Bank’s customers in the insurance products is purely on a voluntary basis and is not linked to availment of any other facility from the bank.

BEWARE OF SPURIOUS PHONE CALLS & FICTITIOUS / FRAUDULENT OFFERS

• IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.
• SECTION 41 OF THE INSURANCE ACT 1938, as amended by the Insurance Laws (Amendment) Act 2015 - PROHIBITION OF REBATES
• • No person shall allow or offer to allow, either directly or indirectly, as an inducement to any person to take out or renew or continue an Insurance in respect of any kind of risk relating to lives or property in India, any rebate of the whole or part of the commission payable or any rebate of the premium shown on the policy nor shall any person taking out or renewing or continuing a Policy accept any rebate, except such rebate as may be allowed in accordance with the published prospectus or tables of the Insurer.
• • Any person making default in complying with the provisions of this section shall be liable for penalty which may extend to ten lakh rupees.