Bajaj Allianz Shopkeepers Package Policy

Bajaj Allianz Shopkeepers Package Policy Introduction

Bajaj Allianz Company Limited provides insurance policy to shopkeepers in order to provide protection against Theft and Robbery. This Bajaj Allianz Shopkeepers package policy is specially designed for shop and home to cover all risks and difficulties faced by shopkeepers. Bajaj Allianz Shopkeepers package policy provides various risk covers such as Fired and Allied Perils, Burglary and Theft, plate-glass etc. Bajaj Allianz Shopkeepers package policy provides a huge protection for the property, interests of the insured and the policyholder partners in Business.

Benefits of Bajaj Allianz Shopkeepers Package Policy

• Provides Rebates on premium
• Provides 11 cover options to chosen.
• Provides Premium at low-cost

Bajaj Allianz Shopkeepers Package Policy Cover Options

Various cover options to choose under this Bajaj Allianz Shopkeepers package policy are explained below.

Fire and Allied Perils: This cover provides insurance in case of damage or loss due to

• Fire
• Lightning
• Explosion/Implosion
• Aircraft damage
• Riots or Strike and Malicious damage
• Missile testing operations
• Storm, Cyclone, Flood
• Landslide including rock slide
• leakage from automatic Sprinkler Installations
• Bursting & or overflowing of water tanks, apparatus & pipes
• Earthquake(Fire and shock)
• Bush fire

Burglary and Robbery: This option covers loss or damage occurred by robbery.

Money: In case of any money shifting from one place to another for Business purpose then this cover option provides protection to your risks.

Plate Glass: In case of any damages of plate-glass during policy period then the insurance cover pays by replacing or repairing such glasses. This Bajaj Allianz Shopkeepers package policy provides compensation for actual breakages up to a maximum of Rs.5000.

Neon Sign or Glow Sign: Bajaj Allianz Shopkeepers package policy covers loss or damage to your neon sign or glow sign caused by accidental external means, fire, lightning or external explosion, theft, riot, strike, typhoon, flood and cyclone.

Breakdown of Business Appliances: This policy covers your business equipments such as photocopying machine etc.

Electronic Equipment: This policy covers any loss or damage to electronic equipments such as fax machine, computers etc.

Fidelity Guarantee: This option covers the policyholder against any direct loss caused by act of fraud committed by any salaried employee in the insured premises.

Personal Accident: This Bajaj Allianz Shopkeepers package policy provides insurance cover option for personal accidental aged between 16 to 65 years.

Public Liability: This option covers the claims arising out of the third parties bodily injury or property damage occurring in your premises.

Workmen Compensation: This option covers the liability towards your Workmen under the Workmen Compensation Act, Fatal Accidents Act and at Common Law under this section.

Business Interruption: The Policy will cover Business interruptions suffered due to any perils.

Bajaj Allianz Shopkeepers Package Policy Rebates

Following Discounts are given to the policyholder in the form of low premium for opting more cover options.

Cover Options	Discount on premium(%)
5 or 6 options	15% on all cover options except (Business Interruption, Electronic Equipment, Fire and Allied Perils)
7 or more options	20% on all cover options except (Business Interruption, Electronic Equipment, Fire and Allied Perils)

Bajaj Allianz Shopkeepers Package Policy Premium Rating

Premium rates per Rs.1000 are given below

Cover Option	Premium Rate(% 0-Rs. 1000)	Remarks
Fire and allied perils: Building and contents	For Sum Insured Rs.2 crores Fire: 2.25 %	Excess :The first 5% of each and every claim subject to a minimum of Rs.10000 and maximum of Rs.25000
Terrorism Cover Extension Option	0.2	Excess: 0.5% of the claim amount subject to minimum of Rs. 25,000
Burglary and House breaking Contents	2.25	First loss cover, if opted cover for 40% of total value of contents Premium rate: 1.50 on total value.
Money Insurance Cover	1.50	The rate to be applied on any one transit limit
Plate Glass Option	10	Not applicable
Neon or Glow sign	10	Not applicable
Breakdown of appliances	Window/split AC:25,Generator set : 16, Other equipment:15, All : 25	Not applicable
Electronic Equipments	10	Not applicable
Terrorism Cover Extension option	0.3	0.50% of the claim amount subject to minimum of Rs.100000
Fidelity Guarantee	10	Not applicable
PA	As per PA guidelines	Not applicable
Public Liability	0.5	Not applicable
Workmen Compensation	As per WC tariff	Not applicable
Business Interruption	2.25 + 25%	75% for 6 months indemnity period, 90% for 9 months and 100% for 12 months
Terrorism Cover Extension option	0.3	0.5% of the claim amount subject to minimum of Rs. 25000/-

Bajaj Allianz Shopkeepers Package Policy Customer care

For any Information and doubts regarding this Bajaj Allianz Shopkeepers Insurance Package Policy, then you can contact the company. Address and details of company are given below

Address: Bajaj Allianz General Insurance Co. Ltd.

G.E. Plaza, Airport Road, Yerawada,

Pune – 411006. IRDA Reg No.: 113.

Company site: www.bajajallianz.com

For Any Query (toll Free):

1800-209-0144

1800-209-5858

Send SMS: SMS HOME TO 560703

Bajaj Allianz Shopkeepers Insurance Package Policy Proposal forms

More details regarding this Bajaj Allianz Shopkeepers Package Policy buying procedure is given below

Bajaj Allianz shop and home package policy proposal forms

Bajaj Allianz Shopkeepers Insurance Package Policy Claim Forms

More details regarding this Bajaj Allianz Shopkeepers Package Policy claim procedure is given below

Bajaj Allianz shop and home package policy claim forms

Exclusions of Bajaj Allianz Shopkeepers Package Policy

• Kutcha constructions are not covered under this policy
• Terrorism activities, money and valuables are not included
• Loss of money from an unattended vehicle.
• Any loss not discovered within a period of 72 hours after its occurrence
• Any loss or damage that could have been insured against under a fire policy.
• Cracked, scratched, or imperfect Plate Glass are not covered under this policy.

Additional Information of Bajaj Allianz Shopkeepers Package Policy

Terrorism activities are covered by paying additional premium under this policy.

Cancellation: If policyholder is not satisfied with policy coverage, terms and conditions then the policyholder can cancel his policy cover within 15 days of policy contract.

FAQ’s of Bajaj Allianz Shopkeepers Package Policy

What are the exemptions covered for Breakdown of Business Equipment under this policy?

• Loss or damage for which the manufacturer or supplier is responsible
• Loss or damage caused to any item of Business Equipment older than 10 years from the date of manufacture.

What are the exclusions covered for Neon Sign or Glow Sign under this policy?

• Any costs incurred in connection with maintenance, including parts replaced in the course of such maintenance operations.

What are the exclusions covered for Electronic Equipment under this policy?

• The cost of transporting the Electronic Equipment to and from the place of repair
• Loss of or damage to any Electronic Equipment by perils insurable under any other Cover of this Policy
• Loss or damage to mobile phones or other similar communication devices.

Bajaj Allianz Shopkeepers Package Policy forms and Documents

Bajaj Allianz Shopkeepers Package Policy Brochure

Bajaj Allianz Shopkeepers Package Policy wordings