IFFCO - TOKIO GENERAL INSURANCE CO.

LTD Servicing Office:

Regd. Office: IFFCO SADAN,C1 Distt Centre,Saket,New Delhi- 110017 ITGI-STRATEGIC BUSINESS UNIT: BANGLORE

Workmen's Compensation Policy Schedule SRI SHANTHI TOWERS 4TH FLOOR,141,3RD MAIN,

Cum Tax Invoice EAST OF NGEF LAYOUT,KASTURI NAGAR,BANGALORE,

ORIGINAL FOR RECIPIENT KARNATAKA 560043, 080-40804444 (Board).

GST Applicable State Code: 29, GSTIN: 29AAACI7573H1Z8

General Insurance Services : 997133

Insured's name: TRANE TECHNOLOGIES INDIA PRIVATE LIMITED.

Address: 8th Floor,Tower D,IBC knowledge park,4/1, Unique Invoice No…………. : 43281005

Bannerghatta, Main Road Bangalore-560029 Policy No……………………. : 43281005

BANGALURU KARNATAKA Pincode: 560029 Date of Issuance…………… : 21/12/2022

State Code/ Place 29 Country Name: India GSTIN: 29AACCS9663E2ZY Policy effective from 0001 hrs 01/01/2023

of Supply:

Phone Number: C/N No: Agent No. 70000192 BIT To MidNight 31/12/2023

Aadhaar No.: Agent Name: MARSH INDIA INSU BROKERS PVT LTD

Taxable Value CGST SGST IGST CESS

Rate 9.00 9.00 0.00 0.00

Amount 74479.00 6703.11 6703.11 0.00 0.00

Total Tax ₹13406.22 Total Value ₹87885.22

Whether GST is Payable on Reverse Charge Basis - No

We hereby declare that though our aggregate turnover in any preceding financial year from 2017-18 onwards is more than the aggregate
turnover notified under sub-rule (4) of rule 48, we are not required to prepare an invoice in terms of the provisions of the said sub-rule.

Trade or Business Maintainance and repair services

Place of Employment(s) Various location all over India

Sr. No. Category of Employee Estimated Total Wages,Salaries and other e Rate (%) Premium without

Service Tax (Rs.)

1 125WORKERS WAGES UPTO 15000 20625000.00 0.0664 13695.00

2 125WORKERS WAGESABOVE 15000 91381343.00 0.0664 60677.21

Overall Total Wages 112006343.00

Additional Clauses /Endorsements / Other details ,If any

Classification No: 157

Signature Not Verified Workmen's Compensation (UIN : IRDAN106RP0006V01200001 )

Digitally signed by SUBRATA MONDAL Attaching to and forming part of Policy Number 43281005
Date: 2022.12.21 13:21:27 IST
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RISK Location: Various location all over India

Risk Occupancy:Maintainance and repair services

.........

Description of Employees Monthly Wage Total Employe

As per annexure 81,459 125

(Various actegoes -125 nos )

......

Communicable disease exclusion

....

Attendance Register should be maintained in the places of

employment mentioned

At any point of time the total number of workers as well as

designation on site should not exceed the total number of

persons and designations as declared under the policy.

Furnish the total number of employees working on site at th

time of accident. In case of total no. of workers as well a

no. of persons in designation is exceeding, the same should

be immediately informed to the insurer and the premium

should be paid accordingly.

Agent Name & Telephone No: MARSH INDIA INSU BROKERS PVT LTD

The Policy is subject to following endorsement(s) - Endorsement No / Endorsement Wording

The Policy is subject to the following Warranties / Conditions/ Definitions

1. Coverage of Employees should be as per The Indian Employee's Compensation Act , 1923.

2. Wage & Attendance register must be maintained.

Exclusion: Losses or damages caused directly or indirectly due to any infectious or contagious disease, pandemic /epidemics as declared by WHO and / or

Government of India will be an exclusion under this policy.

The Coverage is as per Policy Wordings / Endorsements / Clauses attached with the Policy Schedule. Please go through Workmen's Compensation Policy and in

case of discrepancy, Please inform us.

Coorporate Identity Number(CIN): U74899DL2000PLC107621

Toll Free : 1-800-103-5499 ; Other : ( 0124) 428-5499 ; SMS "claim" to 56161

Policy Issuing Office: Delhi

Consolidated Stamp Duty deposited as per the order of Government of National Capital Territory of Delhi

Signature Not Verified Workmen's Compensation (UIN : IRDAN106RP0006V01200001 )

Digitally signed by SUBRATA MONDAL Attaching to and forming part of Policy Number 43281005
Date: 2022.12.21 13:21:27 IST
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Reason: Valid Policy Copy
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 Workmen's Compensation Insurance - Policy Wordings
Employee's Compensation Act 1923, Indian Fatal Accidents Act 1855, Common Law

WHEREAS the Insured carrying on the Business described in the Schedule and no other for the purpose of this insurance by a proposal and declaration which shall

be the basis of this contract and is deemed to be incorporated herein has applied to the IFFCO TOKIO GENERAL INSURANCE CO.LTD. (here in after called The

Company) for the insurance hereinafter contained and has paid or agreed to pay the Premium as consideration for such insurance.

NOW THIS POLICY WITNESSETH that if at any time during the period of Insurance any employee in the Insured’s immediate service shall sustain personal

injury by accident or disease arising out of and in the course of his employment by the Insured in the Business and if the Insured shall be liable to pay

compensation for such injury either under: The Law(s) set out in the Schedule or at Common Law then subject to the terms exceptions and conditions contained

herein or endorsed hereon the Company will indemnify the Insured against all sums for which the Insured shall be so liable and will in addition be responsible for all

costs and expenses incurred with its consent in defending any claim for such compensation.

PROVIDED ALWAYS that in the event of any change in the Law(s) or the substitution of other legislation thereof this Policy shall remain in force but the liability of

the company shall be limited to such sum as the Company would have been liable to pay if the Law(s) had remained unaltered.

EXCEPTION

The Company shall not be liable under the Policy in respect of :

a. Any injury by accident or disease directly attributable to war invasion act of foreign enemy hostilities (whether war be declared or not) civil war mutiny

insurrection rebellion revolution or military or usurped power.

b. The Insured's liability to employees of contractors to the Insured.

c. Any liability of the insured which attaches by virtue of an agreement but which would not have attached in the absence of such agreement

d. Any sum which the Insured would have been entitled to recover from any party but for an agreement between the Insured and such party.

CONDITIONS

1. This Policy and the Schedule shall be read together as one contract and any word or expression to which a specific meaning has been attached in any part of

this Policy or of the Schedule shall bear such specific meaning wherever it may appear.

2. Every notice or communication to be given or made under this Policy shall be delivered in writing to the Company.

3. The Insured shall take reasonable precautions to prevent accidents and disease and shall comply with all statutory obligations.

4. In the event of any occurrence which may give rise to a claim under this Policy the Insured shall as soon as possible give notice thereof to the Company with full

particulars. Every letter claim writ summons and process shall be notified or forwarded to the Company immediately on receipt. Notice shall also be given to the

company immediately the Insured shall have knowledge of any impending prosecution inquest or fatal enquiry in connection with any such occurrence as aforesaid.

5. No admission offer promise or payment shall be made by or on behalf of the Insured without the consent of the Company which shall be entitled if it so desires

to take over and conduct in his name the defence or settlement of any claim or to prosecute in his name for its own benefit any claim for indemnity or damages or

otherwise and shall have full descretion in the conduct of any proceedings and in the settlement of any claim and the Insured shall give all such information and

assistance as the Company may require.

6. The first premium and all renewal premiums that may be accepted are to be regulated by the amount of wages and salaries and other earnings paid by the

Insured to employees during each Period of Insurance. The name of every employee together with the amount of wages salary and other earnings shall be properly

recorded and the Insured shall at all times allow the Company to inspect such records and shall supply the Company with a correct account of all such wages

salaries and other earnings paid during any period of Insurance with one month from expiry date of such Period of Insurance. If the amount so paid shall differ from

the amount on which premium has been paid the difference in premium shall be met by a further proportionate payment to the Company or by a refund by the

Company as the case may be.

Signature Not Verified Workmen's Compensation (UIN : IRDAN106RP0006V01200001 )

Digitally signed by SUBRATA MONDAL Attaching to and forming part of Policy Number 43281005
Date: 2022.12.21 13:21:27 IST
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7. The Company may cancel this Policy by sending seven days notice by registered letter to the Insured at his last known address and in such event the premium

shall be adjusted in accordance with Condition 6.

8. If any difference shall arise as to the quantum to be paid under this Policy, (liability being otherwise admitted) such difference shall independently of all other

questions be referred to the decision of an arbitrator, to be appointed in writing by the parties in difference or if they cannot agree upon a single arbitrator to the

decision of two disinterested persons as arbitrators of whom one shall be appointed in writing by each of the parties within two calendar months after having been

required so to do in writing by the other party in accordance with the provisions of the Arbitration Act 1940, as amended from time to time and for the time being in

force. In case either party shall refuse or fail to appoint arbitrator within two calendar months after receipt of notice in writing requiring an appointment, the other

party shall be at liberty to appoint sole arbitrator, and in case of disagreement between the arbitrators, the difference shall be referred to the decision of an umpire

who shall have been appointed by them in writing before entering on the reference and who shall sit with the arbitrators and preside at their meetings.

It is clearly agreed and understood that no difference or dispute shall be referable to arbitration as hereinbefore provided, if the Company has disputed

or not accepted liability under or in respect of this Policy.

It is hereby expressly stipulated and declared that it shall be condition to any right of action or suit upon this Policy that the award by such arbitrator, arbitrators or

umpire of the amount of the loss or damage shall be first obtained.

It is also hereby further expressly agreed and declared that if the Company shall disclaim liability to the Insured for any claim hereunder and such claim shall not

within 12 calendar months from the date of such disclaimer have been made the subject matter of a suit in a court of law, then the claim shall for all purposes be

deemed to have been abandoned and shall not thereafter be recoverable hereunder.

9.The due observance and fulfilment of the terms, conditions and endorsements of this Policy so far as they relate to anything to be done or not to be done by the

Insured and the truth of the statements and answers in the Proposal shall be conditions precedent to any liability of the Company to make any payment under this

Policy.

10. It is here by understood and agreed that the cover provided under this Policy shall not extend to indemnify the Insued/Insureds in respect of any interest and/or

penalty which may be imposed on him/them on account of his/their failure to comply with the requirements laid down under the Workmen's Compensation Act ,1923

and subsequent amendements of the said Act.

11. The terms earnings, wages and salaries shall mean the employees total remuneration paid or fallen due for payment including overtime, value of board and/or

lodging, housing accommodation bonuses and all other perquisites privileges or benefits in kind or money, received by the employees from the employer in

connection with their employment which are capable of being estimated in money. These terms do not however include any travelling allowance or the value of any

travelling concession or a contribution paid by the employer of a workman towards any pension or provident fund or a sum paid to a workman to cover any special

expenses entitled on him by the nature of his employment. No deductions shall be made in respect of any contributions paid by employees in connection with

pension or provident funds or of income tax deducted at source.

Terrorism Damage Exclusion Warranty

Terrorism / Terrorist Incident of whatsoever nature directly or indirectly caused by, resulting from or in connection with any act of terrorism regardless of any

other cause or event contributing concurrently or in any other sequence to the loss is not covered.

Terrorism / Terrorist Incident : Means any actual or threatened use of force or violence directed at or causing damage, injury, harm or disruption, or the
commission of an act dangerous to human life or property, against any individual, property or government, with the stated or unstated objective of pursuing

economic, ethnic, nationalistic, political, racial or religious interests, whether such interests are declared or not. Robberies or other criminal acts, primarily

committed for personal gain and acts arising primarily from prior personal relationships between perpetrator(s) and victim(s) shall not be considered terrorist

activity. Terrorism shall also include any act, which is verified or recognized by the relevant Government as an act of terrorism.

Signature Not Verified Workmen's Compensation (UIN : IRDAN106RP0006V01200001 )

Digitally signed by SUBRATA MONDAL Attaching to and forming part of Policy Number 43281005
Date: 2022.12.21 13:21:27 IST
'Show Signature Properties'-->Click on 'Show signer´s Certificate'-->Go to Tab 'Trust'-->Click on 'Add to
Reason: Valid Policy Copy
Location: IFFCO Tokio General Insurance Company Ltd, India Trusted Certificates'-->Click on 'OK'-->Click on 'Close'
***********

Signature Not Verified Workmen's Compensation (UIN : IRDAN106RP0006V01200001 )

Digitally signed by SUBRATA MONDAL Attaching to and forming part of Policy Number 43281005
Date: 2022.12.21 13:21:27 IST
'Show Signature Properties'-->Click on 'Show signer´s Certificate'-->Go to Tab 'Trust'-->Click on 'Add to
Reason: Valid Policy Copy
Location: IFFCO Tokio General Insurance Company Ltd, India Trusted Certificates'-->Click on 'OK'-->Click on 'Close'