Miscellaneous

Miscellaneous
In miscellaneous category of insurance following protections are available for the benefit of insureds: Money in Safe This form of insurance indemnifies losses due to theft or robbery for cash in safe and/or on counter. The protection is extremely useful for companies, Banks, financial institutions and department stores/shops under the prevailing law and order situation in the country.
1. Money in Transit
Money in Transit policy provides cover for loss of cash, Bank notes, cheques, postal orders and insurance/postal stamps while in transit to specified destinations such as to and from Banks etc.
1. Neon Sign Insurance
Neon Signs installed in public places are always exposed to risk. This cover provides financial compensation to the respective clients for accidental losses including damages during Riots and Strikes, arson etc.
1. Fidelity Guarantee
This type of insurance is designed to protect the employer from forgery, embezzlement, and larceny, fraud or dishonesty of employees. This cover is basically an agreement between the insured (Employer) and the insurer to protect the employer from losses incurred through an individual or collective embezzlement.
1. Plate Glass Insurance
Plate glasses are very common used in departmental Stores, Shops and Show Rooms as part of decoration. Due to potential risk hazard this policy is designed to compensate the insured in case of losses or damages incurred to plate glass doors, windows, panels etc.
1. Personal Accident
An accident is an unforeseen event. This insurance covers death, permanent disability, and temporary total/partial disablement due to accident/mishap. This cover also compensates the insured for medical expenses for injuries resulting from an accident. The cover is available for individual and group as required by insured.
1. Workmen’s Compensation (WC)
This type of Insurance protects rights of low income workmen of an organization in the event of bodily injury or death due to accident while on duty. Employers are bound to seek this insurance for legal liabilities as per Workmen’s Compensation/Act of the government.

Chairman’s Review

uture Outlook

The Chairman’s review included in this report gives comprehensive scenario on the overall performance of your company during the year and its prospects for the future. The Directors fully endorsed the views of the Chairman and would like to follow the guidance for growth and prosperity of the company in years ahead.