5B FIRE PolicyRenewal_0000000034731534-01

SBI General Saral Bharat Laghu Udyam Suraksha
UIN IRDAN144RP0029V01202324
Policy Schedule
Policy Servicing Office : SBI General Insurance Company Ltd,Office No. 201 and 202, Second Floor, Above TCS Passport Office,Union Trade Center
(UTC),Beside Apple Hospital, Udhna Darwaja,Ring Road,Surat,395007
Intermediary Name Beacon Insurance Brokers Pvt Ltd

Intermediary Code 0004544
Intermediary Contact Details Mobile No: +91-6357956307
Landline No:
Insured Details
Previous Policy No (if any)

Policy No: 0000000034731534-01
Policy Issue Date 22/08/2024
Insured Name AGLON INDUSTRIES PVT LTD
Communication Address Govt Land R.S.No -278 , Old 381 P 59
/P1/P1, ,Location No.GDLGJ1452,
Mouje Anida Vachhara Taluka Kotda
Sangini Champabeda,
Rajkot,
Gujarat - 360070, India.
Email and Contact Details Email: [email protected] and Contact
Details: +91-2616601200
PAN/Form60
Period of Insurance From: 24/08/2024 (00:00 Hrs) To:
23/08/2025 Midnight
Premium frequency
Mortgaged to / Hypothecated with Refer Hypothecation details
Loan Account No.:
Coinsurance Details: SBIG own share 100%
SBI General Insurance Company Limited. Registered and Corporate Office: 9th Floor, A&B Wing, Fulcrum
Building, Sahar Road, Andheri East, Mumbai – 400099|CIN: U66000MH2009PLC190546 | Toll free:
18001021111 | [email protected] | www.sbigeneral.in | For more details on the risk factor, terms,
and conditions, please refer to the Sales Brochure and Policy Wordings carefully before concluding a sale| SBI
Logo displayed belongs to State Bank of India and used by SBI General Insurance Company Limited under
license | IRDAI Reg No: 144 |UIN: IRDAN144RP0029V01202324
SBI General Saral Bharat Laghu Udyam Suraksha – Policy Schedule
Page 1 of 44
SBI General Insurance and SBI are separate legal entities and SBI is working as Corporate
Agent of the company for sourcing of insurance products
Summary Particulars of Property Insured
Sr. Location of Risk Occupancy Sum Insured (Rs.)

No
1. , NO GDLGJ1452, Electric Contents 225,100,000.00
GOVT LAND R.S. Generation Plant & 225,100,000.00
NO-278 OLD 381 P Stations - Machinery
59 /P1/P1 Windmill (Sookshma/
LOCATION, Laghu)
MOUJE ANIDA
VACHHARA Total 225,100,000.00
TALUKA KOTDA
SANGINI
CHAMPABEDA
RAJKOT GUJARAT,
RAJKOT,
GUJARAT-360070.
Contact Details: +91-
2616601200
Standard Add on Cover Details
Add on Cover Sum Insured(Rs.)

Description
Other Add on Cover Details
Add on Cover Description Sum Insured(Rs.)
In Built Covers:
Sr.No. Covers SI Limits

Additions, alterations or
1 15% of Sum Insured ( Excluding Stocks)
extensions
SBI General Insurance Company Limited
Registered and Corporate office: 9th Floor, A&B Wing, Fulcrum Building, Sahar Road, Andheri East, Mumbai – 400099
UIN No: IRDAN144CP0028V04201819
Page 2 of 44
Temporary removal of
2 10% of the Sum Insured of Stock
stocks
Cover for Specific
Contents
Money Upto Rs.50,000
Deeds, manuscripts and
business books, plans,
drawings, securities, Upto Rs.50,000
3 obligations or documents
of any kind
Computer programmes,
Upto Rs. 5,00,000
information and data
Employees’, Directors’, Upto Rs.15,000 per person for a maximum of 20
visitors’ personal effects persons.
4 Start-Up Expenses Upto Rs.5,00,000
5 Professional fees 5 % of the claim amount
Costs for removal of
6 2 % of the claim amount.
debris
Cost compelled by
7 Upto Sum Insured
Municipal Regulations
Deductibles
5% of each claim, subject to a minimum of ₹ 10,000 for each claim
Terrorism Damage Claims:

Shops & Residential 1 % of claim amount for each and every claim subject to a
Risks minimum of Rs.10000 and a maximum of Rs.500,000
Non-Industrial Risks 1 % of claim amount for each and every claim subjet to a
minimum of Rs.25000 and a maximum of Rs.1000,000
Industrial Risks 5 % of claim amount for each and every claim subject to a
minimum of Rs.100000 and a maximum of Rs.2500,000
Premium Computation
Particulars Amount (Rs)

Net Premium 44,832.33
Terrorism Premium 0.00
Discount/Loading if any
Taxes as applicable 8,069.82
Add Kerala Cess: 0.00
Final Premium 52,902.00

Page 3 of 44
Collection Details
Receipt No Receipt Date

22/08/2024
P.S. If premium paid through cheque, the policy is void abinitio in case of dishonour of
cheque.
Consolidated Stamp Duty Rs. 0.50 paid towards Insurance Policy Stamps vide Order
LOA/ENF-2/CSD/61/2024/(Validity Period Dt.20/07/2024 to Dt.19/07/2026)/2783 Date:-
05/07/2024 Dated : 2024-07-19 20:28:59.0 of General Stamp Office, Mumbai.
Place: Surat For SBI General Insurance Company

Limited
This Document is Digitally Signed
Signer: VISHWANATHAN SUBRAMANIAN

Date: Thu, Aug 22, 2024 14:04:18 IST
Location: Mumbai
Authorized Signatory
Disclaimer
As part of the Go Green initiative, we’ll be issuing this policy in digital mode on
your registered mobile number and e-mail ID. We save a tree when we issue an
e-policy. A policy document sent electronically is as valid as a physical policy
contract document. However, if you need a physical copy of the policy document,
please send SMS “PRINT <Policy Number>” to 561612 from your registered
mobile number.
Additional Conditions/Endorsements/Warranties/Clauses applicable
Attached to and forming part of the Schedule to the Policy No:
Additional Conditions: Subject to the following additional Conditions and attached Clauses
/ Endorsements / Warranties:

Page 4 of 44
Clauses Applicable :
1. Additions, alterations or extensions Clause
2. Cover for Specific Contents
3. Professional fees
4. Cost for Removal of debris
5. Costs compelled by Municipal Regulations
6. Waiver of Underinsurance upto 15%
7. Sanction Limitation And Exclusion Clause
8. Cyber Loss Limited Exclusion Clause LMA 5410
9. Agreed Bank Clause
10. Basis of Valuation
11. Policy shall stand canceled ab intio in the event of non-realization of the
premium
12. Temporary removal of stocks
13. Start-Up Expenses
14. Designation of Property Clause
15. Earthquake (Fire and Shock)
16. Terrorism Damage Exclusion Clause:

This Policy excludes loss, damage, cost or expense 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. For the purpose of this exclusion, an act of
terrorism means an act or series of acts, including but not limited to the use of
force or violence and/or the threat thereof, of any person or group(s) of
persons, whether acting alone or on behalf of or in connection with any
organisation(s) or government(s), or unlawful associations, recognized under
Unlawful Activities (Prevention) Amendment Act, 2008 or any other related
and applicable national or state legislation formulated to combat unlawful and

Page 5 of 44
terrorist activities in the nation for the time being in force, committed for political,
religious, ideological or similar purposes including the intention to influence
any government and/or to put the public or any section of the public in fear for
such purposes. This exclusion also includes loss, damage, cost or expense of
whatsoever nature directly or indirectly caused by, resulting from or in
connection with any action taken in controlling, preventing, suppressing or in
any way relating to the above.
17. Sanction Limitation And Exclusion Clause:

It is hereby declared and agreed that no insurer shall be deemed to provide
cover and no insurer shall be liable to pay any claim or provide any benefit
hereunder to the extent that the provision of such cover, payment of such
claim or provision of such benefit would expose that insurer to any sanction,
prohibition or restriction under United Nations resolutions or the trade or
economic sanctions, laws or regulations of the European Union, United
Kingdom or United States of America.
18. Communicable Disease Exclusion Clause:

1.Notwithstanding any provision, clause or term of this Policy to the contrary,
this Policy excludes any loss, cost, damage, liability, claim, fines, penalty or
expense or any other amount of whatsoever nature, whether directly or
indirectly and/or in whole or in part, related to, caused by, contributed to by,
resulting from, as a result of, as a consequence of, attributable to, arising out
of, arising under, in connection with, or in any way involving (this includes all
other terms commonly used and/or understood to reflect or describe nexus
and/or connection from one thing to another whether direct or indirect):
1.1 a Communicable Disease and/or the fear or threat (whether actual

or perceived) of a Communicable Disease and/or the actual or
alleged transmission of a Communicable Disease regardless of any other
cause or event contributing and/ or occurring concurrently or in any sequence
thereto, and
1.2 a pandemic or epidemic, as declared by the World Health

Organisation or any governmental authority.
2. As used herein, Communicable Disease means: any infectious, contagious

or communicable substance or agent and/or any infectious, contagious or
communicable disease which can be caused and/or transmitted by means of
substance or agent where:
2.1 the disease includes, but is not limited an illness, sickness,

condition or an interruption or disorder of body functions, systems or organs,
and
2.2 the substance or agent includes, but is not limited to, a virus,
bacterium, parasite, other organism or other micro-organism (whether

Page 6 of 44
asymptomatic or not); including any variation or mutation thereof, whether deemed
living or not, and
2.3 the method of transmission, whether direct or indirect, includes but

not limited to, airborne transmission, bodily fluid transmission, transmission
through contact with human fluids, waste or the like, transmission from or to
any surface or object, solid, liquid or gas or between organisms including
between humans, animals, or from any animal to any human or from any
human to any animal, and
2.4 the disease, substance or agent is such
2.4.1 that causes or threatens damage or can cause or threaten

damage to human health or human welfare, or
2.4.2 that causes or threatens damage to or can cause or

threaten damage to, deterioration to, contamination of, loss of value of, loss of
marketability of or loss of use or usefulness of, tangible or intangible property.
For avoidance of doubt, Communicable Disease includes but is not limited to

Coronavirus Disease 2019 (Covid -19) and any variation or mutation thereof.
3. For further avoidance of doubt, any contingent or other business

interruption loss, cost, damage, loss of income, loss of use, increased cost of
working and/or extra expense arising out of or attributable to:
3.1 any partial or complete closure of and/or slowdown in, including but
not limited to any closure by or under the advisories of public, military,
government or civil authorities, or any denial of access to reinsured premises,
or customer and or supplier premises (including service / utility providers), or
3.2 change in consumer behaviour, or
3.3 an absence of infected employees or employees suspected of

being infected shall not be covered by this Policy.
4. For still further avoidance of doubt, loss, cost, damage, liability, claim,
fines, penalty or expense or any other amount excluded hereby, includes but
is not limited to any cost to identify, clean-up, detoxify, disinfect,
decontaminate, mitigate, remove, evacuate, repair, replace, monitor, sanitize
or test: (1) for a Communicable Disease or (2) any tangible or intangible
property covered by this Policy that is affected by such Communicable
Disease.
5. It is clarified that (1) no other prior, concurrent or subsequent provision,

clause, term or exception of this Policy (including (but not limited to) any prior,
concurrent or subsequent endorsement and/or any provision, clause, term,
buy back or exception that operates, or is intended to operate, to extend the
coverage of, or protections provided by, this Policy by whatever name called
Page 7 of 44
like any coverage extension, additional coverage, global extension, exception to any
exclusion); (2) no change in the law, clause or similar provision; (3) no follow
the fortunes clause or similar provision; and/or (4) no change in the law or any
regulation (to the extent permitted by applicable law), shall operate to provide
any reinsurance, coverage or protection under this Policy that would
otherwise be excluded through the exclusion set forth in this Clause.
6. If the insurer alleges that by reason of this [Endorsement][Clause] any

amount is not covered by this Policy the burden of proving the contrary shall
rest in the insured.
Special Conditions:
1. • Excluding Transmission and Distribution lines beyond 1500

feets from the insured's premises
2. Description Of Property
Location wise Clauses/Warranties etc.:
Clauses Applicable :
For Risk Location Address: , NO GDLGJ1452,GOVT LAND R.S.NO-278 OLD

381 P 59 /P1/P1 LOCATION,MOUJE ANIDA VACHHARA TALUKA KOTDA
SANGINI CHAMPABEDA RAJKOT GUJARAT,RAJKOT,GUJARAT-360070
1. Kutcha construction is excluded under scope of this policy
Special Conditions:
For Risk Location Address: , NO GDLGJ1452,GOVT LAND R.S.NO-278 OLD

381 P 59 /P1/P1 LOCATION,MOUJE ANIDA VACHHARA TALUKA KOTDA
SANGINI CHAMPABEDA RAJKOT GUJARAT,RAJKOT,GUJARAT-360070
Hypothecation Details:

Page 8 of 44
Sr.No Name of the financial Institution Address of the Financial Institution
1. SATATE BANK INDIA MCG BRANCH SURAT
2. YES BANK SURAT
Important Note
1. Please examine this Policy including its attached Schedules/ Annexure if any. In the event
of any discrepancy please contact the office of the Company immediately, it being noted that
this Policy shall be otherwise considered as being entirely in order.
2. Please refer the Claims Settlement & Grievance Redressal procedure document attached
herein for ready references.
Intimating a Claim
For Intimating a Claim with us please contact us through the following channels:
Phone : 1800-102-1111/1800-22-1111(Toll Free 8:00 am to 8:00 pm (Monday to Saturday)

E mail - [email protected]
Facsimile - 1800-102-7244/1800-22-7244(Toll Free)
Claim Settlement
The company will settle the claim under this Policy within 30 days from the date of receipt of
necessary document required for assessing the claims In the event that the company
decides to reject a claim made under this Policy, the Company shall do so within a period of
thirty days of the Survey Report or additional Survey report, as the case may be, in
accordance with the provision of Protection of Policyholder’s Interest Regulations 2017.
Annexure 1
Floater risk locations

Page 9 of 44
GST INVOICE
GST Invoice 107486901 GST Invoice Date: 22/08/2024

No:
GSTIN/Unique
No: (SBI 24AAMCS8857L1ZI SBI General State Gujarat
General)
SBI General SBI General Insurance Company Limited
Branch Union Trade Center (UTC),Office No. 201 and 202, Second Floor, Above TCS Passport Office, Beside Apple
Address: Hospital, Udhna Darwaja,
Ring Road,Surat,Surat,
Gujarat-395007,
India
Details of Policy Holder:
Name: AGLON INDUSTRIES PVT LTD
Address: Govt Land R.S.No -278 , Old 381 P 59 /P1/P1, ,Location No.GDLGJ1452,Mouje Anida Vachhara Taluka Kotda Sangini
Champabeda, Champabeda, Rajkot, Rajkot, Gujarat - 360070, India.
Place of supply Gujarat
Policy Holder
Gujarat
State Whether invoice under
No
Reverse Charge
GSTIN/Unique 24AAFCG9722K1ZD Policy Number 0000000034731534-

No: 01
Insurance HSN Code Premium KFC CGST SGST/ UTGST IGST

Product Name (without
Taxes) Rate Amount Rate Amount Rate Amount Rate Amount
Standard Fire & 997137 44,832.33 1% 0 9% 4034.91 9% 4034.91 0% 0

Special Perils
Total Invoice
Value (In 52,902.00
Figures)
Taxes 8,069.82
Applicable
“I/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 e-invoice in view of exemption provided to
insurance companies under Notification no. 13/2020 –Central Tax dated March 21, 2020"

Page 10 of 44
Page 11 of 44
Branch Office Address:
Reference No: 000056520060
Union Trade Center (UTC),Office No. 201 and 202, Second Floor,
Above TCS Passport Office, Beside Apple Hospital, Udhna Darwaja,
OF Receipt No:
Ring Road, Surat,
Surat, India, Date: 22/08/2024
Gujarat -395007.
Branch Code: 00041
Party/Depositor ID: 0000000062743971
RECEIPT
Received with thanks from AGLON INDUSTRIES PVT LTD

an amount of Rs. 52,902.00 (Rupees Fifty Two Thousand Nine Hundred and Two)
by Customer Cash Deposit
No: CCD00412394142
Dated :
Drawn on Bank :
Branch:
Party ID Quote/Policy/Claim No. Name of Party Amount(Rs.)
<PolicyNo = ''><QuotationNo>: AGLON INDUSTRIES PVT

0000000062743971 52,902.00
if><PolicyNo><PolicyNo>:if> LTD
TOTAL 52,902.00
Disclaimer
1) Receipt subject to realisation of instrument submitted
2) Kindly refer to the policy document for time of commencement of cover
For and on behalf of

SBI General Insurance Co. Ltd.

Page 12 of 44

Page 13 of 44
Standard Policy Wordings
Contents Page No.

Clause A. This Policy and the Insurance Contract 2
Clause B. Insured Events 8
Clause C. The Standard Cover 10
Clause D. Exclusions, that is, what We do not cover 14
Clause E. What We Pay 16
Clause F. Underinsurance 17
Clause G. Conditions 18
Clause H. Changes to covers 25
Clause I. Other details 26
Clause J. Grievances 26
Clause K. Information about Us 28
You chose this SBI General Saral Bharat Laghu Udyam Suraksha Policy and applied to Us
for insurance covers of Your choice. You paid Us the premium and gave Us information about
Yourself, Your Business and Your Property. Based on Your confirmation that this information
is true and correct, and in return of accepting the Premium You have paid Us, We promise to
provide You insurance as stated in this Policy Document and the Policy Schedule attached to
it.
Clause A. This Policy and the Insurance Contract

1. Your Policy: This SBI General Saral Bharat Laghu Udyam Suraksha Policy is a
contract between You and Us as stated in the following:
i. This Policy document;
ii. The Policy Schedule attached to this Policy document;
iii. Any Endorsement attached to and forming part of this Policy document;
iv. Any Add-on to this Policy that You may have purchased from Us;
v. The proposals and all declarations made by You or on Your behalf;
2. To whom this Policy is issued and what it covers
i. This Policy is issued to You and covers Your Insured Property relating to Your
Business as mentioned in the Policy Schedule where the total value at risk across all
Insurable Asset classes at one location is exceeding ₹ 5 Crore (Rupees Five Crore)
but not exceeding ₹ 50 Crore (Rupees Fifty Crore) at the policy Commencement
Date.
Provided, if the value at risk for all Insurable Assets either exceeds ₹ 50 Crore or
reduces below ₹ 5 Crore during the Policy Period, this policy shall, on expiry, be
replaced by the applicable policy.

Page 14 of 44
ii. If more than one person is insured under this policy, each of You is a joint
policyholder. Any notice or letter We give to any of You will be considered as given to
all of You. Any request, statement, representation, claim or action of any one of You
will bind all of You as if made by all of You.
iii. If You have mortgaged, pledged or hypothecated any Insured Property with a Bank,
the Policy Schedule will show an ‘Agreed Bank Clause’ and the name of such Bank.
The terms and conditions of this arrangement will be added to this Policy as an
additional Clause.
3. The Policy Schedule: The Policy Schedule is an important document about Your
insurance cover. It shows:
i. Your personal details,

ii. the Policy Period,
iii. the description of Your Insured Property,
iv. the total Sum Insured, the Sum Insured for each cover, or for each block, set or
category of Insured Property, and its limits and sub-limits for each and every location,
v. the insurance covers You have purchased,
vi. the Premium You have paid for these insurance covers,
vii. Add-on covers opted by You,
viii. other important and relevant aspects and information.
4. Special Meanings of certain words: Words stated in the table below have a special
meaning throughout this Policy, the Policy Schedule and Endorsements. These words with
special meaning are stated in the Policy with the first letter in capitals.
5.
Word/s Specific meaning
Agreed Value An amount agreed between You and Us at the policy
Commencement Date for items, the value of which
cannot be ascertained.
Bank A bank or any financial institution
Building Any building or structure in Your Premises where You
carry on Your Business.
It includes:
a. Basement (if any), all fixtures and fittings
permanently attached to the floor, walls or roof
like electrical wiring, antennas etc.
b. The following ‘additional structures’ located on
Your Premises and used for Your Business, that
are shown in the Policy Schedule:

Page 15 of 44
i.
garage, out-houses, security sheds,
towers, verandah or porch, tanks,
compound walls, retaining walls, fences,
gates and internal roads,
ii. lifts, hoists,
iii. solar panels, wind turbines and air
conditioning systems, central heating
systems, security systems and cameras,
electrical installations, fire alarm, fire
sprinkler systems, power lines, power
installations,
iv. water, gas and sewage pipeline within
Your premises or
v. any other structure shown in the Policy
Schedule.
Business Your commercial enterprise, trade or profession as
shown in the Policy Schedule.
Commencement Date It is the date and time from which the Insurance Cover
under this Policy begins. It is shown in the Policy
Schedule.
Contents Those articles or things in Your Premises that are not
permanently attached or fixed to the structure of Your
Premises.
Endorsement A written amendment to the Policy that We make
(additions, deletions, modifications, exclusions or
conditions of an insurance Policy) which may change the
terms or scope of the original policy.
Excess It is the amount that You must bear in each and every
claim before We become liable to pay.
Insurable Assets All Buildings, Plant and Machinery, Furniture, Fixture and
Fittings, Stock and all other Contents which, for the
purposes of Your Business on any one location, You
own, or hold as tenant or occupant, or hold in trust or on
commission, or are legally responsible for as part of Your
trade, even if You have not taken insurance cover for any
of them.
Insured Property The Building, Plant and Machinery, Furniture, Fixture and
Fittings, Stocks and any other Contents that are declared
and insured by You under this Policy, and are located in
Your
Premises unless specifically stated in this Policy. The
Insured Property is shown in the Policy Schedule.
Kutcha Construction Building(s) having walls and/or roofs of wooden
planks/thatched leaves and/or grass /hay of any kind/
bamboo /plastic cloth/ asphalt/ canvas/ tarpaulin and the
like.

Page 16 of 44
Market Value Market Value means new Replacement/Reinstatement
Value minus depreciation reckoned as on the date of
loss.
Money Cash, bank and currency notes, credit cards, telephone
cards, cheques, crossed bankers’ drafts, postal orders,
luncheon vouchers, current postage stamps, trading
stamps, National Savings Certificates, Premium Bonds,
credit sales vouchers or receipts, unexpired units in
franking machines, gift tokens and consumer redemption
vouchers belonging to You or for which You are
responsible.
Partial Loss Any loss other than Total Loss.
Plant and Machinery All equipment, machinery, pipes and cables, spares,
computers, servers and preloaded licensed system
software located within any structure or in the open area
of Your Premises.
It includes
i. machines under repair,
ii. machines taken on hire or lease, or through any
system of purchase of goods,
iii. foundation, bedding or setting of the machines, or
iv. accessories of machines.
Policy Period Policy period means the period commencing from the
effective date and time as shown in the Policy Schedule
and terminating at Midnight on the expiry date as shown
in the Policy Schedule or on the termination of or the
cancellation of insurance as provided for in Clause G (III)
of this policy, whichever is earlier.
Policy Schedule The document accompanying and forming part of the
Policy that gives Your details and of Your insurance
cover, as described in Clause A (3) of this Policy.
Premium The premium is the amount You pay Us for this
insurance. The Policy Schedule shows the amount of
premium for the Policy Period and all other taxes and
levies.
Pucca Construction Construction other than Kutcha Construction.
Reinstatement/ Reinstatement/Replacement is defined as:
Replacement i. the reconstruction of buildings or replacement of
other property lost or destroyed.
ii. the repair or partial replacement of property
damaged.
In either case, to a condition substantially the same as

but not superior, better or more extensive than its
condition if it were new on the date it is damaged or
destroyed.
Reinstatement/ This is the amount at which the Insured Property can be
Replacement Value reinstated or replaced by a similar property, without

Page 17 of 44
deducting depreciation, and to the extent required to
bring that Property to a condition substantially the same
as, but not superior, better or more extensive than its
condition if it were new on the date it is damaged or
destroyed.
Stocks Any stock of goods or merchandise.
It may be:
i. Finished goods, semi-finished goods, stock in
process, stock invoiced and ready for dispatch,
ii. Raw materials, packing materials, or
iii. Stock held in trust for which You are responsible.
iv. Stock in Open in the Insured Premises
Sum Insured The amount shown as Sum Insured in the Policy
Schedule. It represents Our maximum liability for each
cover or part of cover and for each loss, as applicable.
Total Loss A situation where the Insured Property or item is
completely destroyed, lost, or damaged beyond retrieval
or repair, or the cost of repairing it, is more than the Sum
Insured of that item or in total.
We, Us, Our, Insurer The SBI general Insurance Company that has provided
Insurance Cover under this Policy; of the Company.
You, Your, Insured The Insured Person/s, Company or other entity shown in
the Policy Schedule who has/have purchased insurance
cover under this Policy; of such Insured Person/s.
Your Premises The premises in which You carry on Business that is
occupied by You for the purposes of Business declared
to Us and is reflected in the Policy Schedule
Clause B. Insured Events

We give insurance cover for physical loss or damage, or destruction caused to Insured
Property by the following unforeseen events occurring during the Policy Period.
The events covered are given in Column A and those not covered in respect of these events
are given in Column B.
Column A Column B
We cover physical loss or damage, or We do not cover for loss or
destruction caused to the Insured damage, or destruction caused to
Property by the Insured Property by
1. Fire, including due to its own caused by
fermentation, or natural heating, or a. its undergoing any heating
spontaneous combustion. or drying process, or
b. burning of Insured Property
by order of any Public
Authority.
2. Explosion or Implosion a. caused to boilers,
economizers or other
vessels, machinery or

Page 18 of 44
a.
apparatus in which steam is
generated, or their contents,
resulting from their own
explosion or implosion, or
b. caused by centrifugal
forces.
3. Lightning -
4. Earthquake, volcanic eruption, or other -
convulsions of nature
5. Storm, Cyclone, Typhoon, Tempest, -
Hurricane, Tornado, Tsunami, Flood and
Inundation
6. Subsidence of the land on which Your caused by
Premises stand, Landslide, Rockslide a. normal cracking, settlement
or bedding down of new
structures,
b. the settlement or
movement of made up
ground,
c. coastal or river erosion,
d. defective design or
workmanship or use of
defective materials, or
e. demolition, construction,
structural alterations or
repair of any property, or
ground works or
excavations.
7. Bush fire, Forest fire and Jungle fire -
8. Impact damage of any kind, i.e., damage a. caused by pressure waves
caused by impact of, or collision caused caused by aircraft or other
by, any external physical object (e.g. aerial or space devices
vehicle, falling trees, aircraft, wall etc.), travelling at sonic or
supersonic speeds.
b. caused by vehicle, animal or
aircraft belonging to or
owned by Insured or their
employee while acting in the
course of employment
9. Missile testing operations -
10. Riot, Strikes, Malicious Damages caused by
a. total or partial cessation of
work or the retardation or
interruption or cessation of
any process or operations
or omissions of any kind,
b. temporary or permanent
dispossession, confiscation,

Page 19 of 44
b.
commandeering, requisition or
destruction by order of the
government or any lawful
authority, or
c. temporary or permanent
dispossession of any
Building by unlawful
occupation by any person.
11. Acts of terrorism Exclusions as per Terrorism
(Coverage as per Terrorism Clause Clause attached.
attached.)
12. Bursting or overflowing of water tanks, -
apparatus and pipes,
13. Leakage from automatic sprinkler a. repairs or alterations in the
installations. Building in which Your
Business is located,
b. repairs, removal or
extension of any sprinkler
installation, or
c. defects in the construction
known to You.
14. Theft within 7 days from the occurrence of if it is
and proximately caused by any of the a. of any article or thing
above Insured Events outside Your Premises, or
b. of any article or thing
attached from the outside of
the outer walls or the roof of
Your Premises, unless
securely mounted.
Clause C. The Standard Cover

1. What We cover
We cover physical loss or damage, or destruction of any Insured Property because of any
Insured Event stated in Clause B of this Policy and subject to the exclusions stated in
Clause D of this Policy subject to all terms and conditions of this Policy. We also give In-
built Covers without charging additional premium which are stated in Clause C (4) of this
Policy.
2. Basis of Sum Insured

i. For Building, Plant and Machinery, Furniture, Fixture and Fittings and any other
contents: Reinstatement Value
ii. For Stocks:
a. For raw material: landed cost at Your Premises

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b. For stock in process: input cost of the stock at the time of loss.
c. For finished stock: the manufacturing cost of the Finished Stock or the
Contract Price of goods sold but not delivered and more precisely defined
below.
Contract Price is in respect only of goods sold but not delivered, for which You are
responsible and with regard to which under the conditions of the sale, the sale contract is
cancelled by reason of any Damage insured under this Policy either wholly or to the extent of
the Damage. The Company’s liability shall be based on the Contract Price.
iii. Bullion or unset precious stones, any curios or works of art or obsolete machinery
and the like are to be covered on Agreed Value basis subject to a valuation certificate
being submitted and found acceptable by Us.
3. Restoration of Sum Insured
Except as stated in Clause G (III) (3) (e) of this Policy, the insurance cover will at all times
be maintained during the Policy Period to the full extent of the respective Sums Insured. This
means that after We have paid for any loss, the policy shall be restored to the full original
amount of Sum Insured. You must pay to Us proportionate premium for the unexpired Policy
Period from the date of loss. We can also deduct this premium from the net claim that We
must pay You.
Notwithstanding the above, the Sum Insured shall stand reduced by the amount of loss in
case You, immediately on occurrence of the loss, exercise Your option not to restore the
Sum Insured.
4. In-built Covers
If We agree to pay Your claim for loss or damage to Insured Property, We will also pay for
the following loss or damage and expenses.
4.1 Additions, alterations or extensions:

We cover Buildings, Plant, Machinery, and Furniture and Fittings, or other Contents which
You will erect, or acquire, or for which You will become responsible, after the
Commencement Date, in the Insured Premises. We will pay for that item as follows:
i. You inform Us of the item so erected or acquired within 7 (seven) days of it becoming
known to You,
ii. such item of Property is not otherwise insured,
iii. maximum limit under this cover is 15% (excluding stocks),
iv. subject to Underinsurance provision of Clause F of this Policy.
4.2 Temporary removal of stocks:
i maximum cover will be 10% of the Sum Insured of Stock,

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ii such stock is not otherwise insured.
4.3 Cover for Specific Contents:

We cover the following, as applicable:
i. Money for an amount not exceeding ₹50,000 (Rupees Fifty Thousand) during the
policy period.
ii. Deeds, manuscripts and business books, plans, drawings, securities, obligations
or documents of any kind, but only for the cost of the materials and clerical labour
expended in reproducing such records for an amount not exceeding ₹50,000
(Rupees Fifty Thousand) during the policy period.
iii. Computer programmes, information and data but only for the cost of the materials
and clerical labour expended in reproducing such records for an amount not
exceeding ₹ 5 Lakh (Rupees Five Lakh) during the policy period.
iv. Employees’, Directors’, visitors’ personal effects of every description (other than
motor vehicles) for an amount not exceeding ₹15,000 (Rupees Fifteen Thousand)
per person for a maximum of 20 (twenty) persons during the policy period.
4.4 Start-Up Expenses:
We cover start-up costs necessarily and reasonably incurred by the insured in respect of the
insured risk consequent upon a loss or damage covered by this policy for an amount not
4.5 Professional fees:
We cover start-up costs necessarily and reasonably incurred by the insured in respect of the
insured risk consequent upon a loss or damage covered by this policy for an amount not
We will pay the expenses that You incur towards reasonable fees of Architects, Surveyors
and Consulting Engineers as follows:
i. The fees are paid for preparing plans, specification tenders and quantities, and
services in connection with the superintendence of the reinstatement of the Insured
Building, Machinery, Accessories or Equipment;
ii. The maximum We pay is 5 % of the claim amount;
iii. We do not cover fees or costs for preparing any claim or estimate of loss or damage
by the Insured Perils.
4.6 Costs for removal of debris:

We will pay reasonable expenses You incur towards removal of debris of any Insured
Property from Your Premises, and dismantling, demolishing, shoring up or propping up of
Insured Building or Machinery. The maximum We pay is 2 % of the claim amount.
4.7 Costs compelled by Municipal Regulations:

We pay such additional cost of reconstruction or reinstatement of the Insured Property that is
incurred solely because You must comply with any regulations or bye-laws of any municipal
Page 22 of 44
or local authority, or any provision of any State or Central Act, Rules or regulations. We
cover these costs on the following conditions:
i. You must commence the repairs, or reconstruction or reinstatement of the

Insured Property, within a reasonable time after the date of damage or
destruction. You must complete the repairs, reconstruction or reinstatement within
reasonable time, in any case not beyond 12 months from the date of damage of
destruction, or within such time as We may allow in writing.
ii. If Our Liability is reduced under any term or condition of this Policy, Our liability
under this extension will also be proportionately reduced.
iii. All other terms and conditions of this Policy will apply to this extension.
iv. Cost incurred to comply with municipal regulations' the total amount recoverable
under any item of the policy shall not exceed the sum insured thereby.
v. These costs will not include,
a. the costs incurred for complying with such regulations,
• for destruction or damage occurring before Commencement Date,
• for destruction or damage not insured under this policy
• under which You have received notice before the destruction or damage
occurred.
b. any additional cost required to repair or reconstruct the Insured Property to a
condition equal to its condition when new, had the need to comply with the
regulation not arisen.
c. the amount of any rate, tax, duty, development or other charge or assessment
arising out of capital appreciation which may be payable in respect of the Insured
Property or by the owner thereof by reason of compliance with any of the
aforesaid regulations or bye-laws.
Clause D. Exclusions, that is, what We do not cover

We do not cover losses or expenses, or any loss, damage to, or destruction of the Insured
Property, directly or indirectly as a result of or if caused by or arising from events, stated
below:
1. i. Excess of 5 % of each claim, subject to a minimum of ₹ 10,000 ( Rupees Ten
Thousand). This means that We will deduct 5 % of each claim, subject to a minimum of ₹
10,000 (Rupees Ten Thousand) for each and every loss suffered by You under the terms of
this policy.
ii. For terrorism risk the excess shall be as per the clause attached to this policy.
2. Your deliberate, wilful or intentional act or omission, or of anyone on Your behalf, or with
Your connivance.
3. Loss, damage or destruction to any electrical/electronic machine, apparatus, fixture, or
fitting by over-running, excessive pressure, short circuiting, arcing, self-heating or leakage of
electricity from whatever cause (lightning included). This exclusion applies only to the
particular machine so lost, damaged or destroyed. However, any ensuing loss or damage to
other insured property due to operation of an insured peril is covered.

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4. Loss, destruction or damage to the stocks in cold storage premises caused by change of
temperature.
5. Loss, or damage by spoilage resulting from the retardation or interruption or cessation of

any process or operation caused by operation of any of the Insured Events.
6. Your Premises or any Insured Building remaining continuously unoccupied for a period of
more than 30 days, unless You have obtained prior written approval from Us and such
approval is recorded as an endorsement on the Policy.
7. War, invasion, act of foreign enemy hostilities or war-like operations (whether war is
declared or not), civil war, mutiny, civil commotion amounting to a popular rising, military
rising, rebellion, revolution, insurrection or military or usurped power.
8. Ionising radiation or contamination by radioactivity from any nuclear fuel or from any
nuclear waste from combustion of nuclear fuel, or the radioactive, toxic, explosive or other
hazardous properties of any explosive nuclear assembly or nuclear component that is part of
it.
9. Pollution or contamination, unless
i. the pollution or contamination itself has resulted from an Insured Event, in which case only
physical damage to the Insured Property is covered, or
ii. an Insured Event itself results from pollution or contamination.
10. Loss, destruction or damage to bullion or unset precious stones, any curios or works of
art unless such amount is declared separately and recorded in the Policy Schedule.
11. Loss of any Insured Property which is missing or has been mislaid, or its disappearance
cannot be linked to any single identifiable Insured Event.
12. Loss or damage to any Insured Property removed from Your Premises to any other
place, except
i. machinery and equipment temporarily removed for repairs, cleaning, renovation or other
similar purposes for a period not exceeding 60 days
ii. Stock covered under Clause (C) (4.2) of this Policy.
13. Any reduction in market value of any Insured Property after its repair or reinstatement.
14. Loss or damage to any Insured Property or any claim which is covered by a marine
policy in force at the time of loss or damage, except in excess of the limits of that policy.
15. Any consequential or indirect loss or damage of any description, i.e. losses or extra costs
(financial or non-financial) that follow or are a consequence of an Insured Event, like, loss by
delay, loss of income or wages or earnings, or of market, or of time, medical expenses, or
any costs not covered by this Policy.
16. Costs, fees or expenses for preparing any claim.

Page 24 of 44
Clause E. What We Pay
If any Insured Property is physically damaged, lost or destroyed, We will pay You as
follows:
1. Partial Loss:
i. If any Insured Property is a Partial Loss, We will reimburse to You the cost of
repairs to the extent required to bring that Property to a condition substantially
the same as, but not superior, better or more extensive than its condition if it
were new on the date it was damaged.
ii. If any Insured Stock is a Partial Loss We will pay You to the extent of the loss
of such Partial Loss.
2. If Building or Plant and Machinery or Furniture, Fixture, Fittings is a Total Loss, We

will pay You for
i. The Reinstatement/Replacement Value of the Building or Plant and
Machinery or Furniture, Fixture, Fittings.
ii. Reconstruction of the new building on the same site, or another site. If You
reconstruct the new Building or Reinstate the Plant and Machinery or
Furniture, Fixture, Fittings on another site We will not pay You more than
what We would pay to reconstruct or replace on the same site.
iii. Reinstatement using standard material readily available and in common use
for similar type of Building.
3. If the Stock is a Total Loss, We will pay You as follows:
i. landed cost at Your Premises for Stock of raw materials,
ii. total manufacturing cost for Stock of finished goods,
iii. the input value of Stock in process at the time loss,
iv. The Contract Price in case of goods sold but not dispatched, and lying within Your
premises for which You are responsible under the terms of a contract of sale. We will
pay Your claim on the basis of the Contract Price, if the sale is cancelled wholly or to
the extent of loss or damage caused by an Insured Event covered by this Policy. For
the purposes of this para, the value of all goods to which this basis of settlement
could apply in the event of loss or damage will also be ascertained on the same
basis.
4. You must commence the repairs or Reinstatement within a reasonable time after the date
of the damage or destruction. You must complete the repairs or Reinstatement within
reasonable time, in any case not beyond 12 months from the date of damage or destruction,
or within such time as We may allow in writing.

Page 25 of 44
5. If You fail to start the work of the repairs or Reinstatement within reasonable time, or to
complete the repairs or Reinstatement within time We will pay Your claim based on the
Market Value of the Building, Plant and Machinery, Furniture, Fixture, Fittings as the case
maybe.
6. We will pay the Market Value of the Building, Plant and Machinery, Furniture, Fixture and
Fittings at the time it is a Total Loss, but not more than the relevant Sum Insured,
i. if the Building cannot be Reinstated or rebuilt due to Municipal, State or Central law,
rules, regulations or bye-laws,
ii. if You do not wish to Reinstate the Building ,Plant and Machinery, Furniture, Fixture,
Fittings.
7. We will also pay other amounts mentioned in Clause C (4) of this Policy.
NOTE: In any claim We will not pay more than the relevant Sum Insured, subject to
Underinsurance as stated in Clause F of this Policy:
Clause F. Underinsurance
1. The Sum Insured for each item of Insured Property must be sufficient to pay for
Reinstatement/Replacement of that Property on the date of loss. If the
Reinstatement/Replacement Value of the Insured Property, in totality, including additions,
alterations, erections and new acquisitions, is more than the Sum Insured, except to the
extent waived in Clause F (3) of this Policy, it amounts to underinsurance, and will reduce
proportionate to the difference from the amount that We will pay for Your claim.
2. Every item of Insured Property is subject to this condition separately.
3. Under this SBI General Saral Bharat Laghu Udyam Suraksha, We will waive
underinsurance upto 15%.
4. If at the time of damage the Sum Insured applicable to the relevant Buildings, Plant and
Machinery, Furniture, Fixture, Fittings, Stocks and other contents is less than 85% of the
value of Insurable Assets, You will be responsible for the difference and You will bear a
proportionate share of the loss.
5. Underinsurance will not apply to Cover for Specific Contents.
NOTE: The cost for Reinstatement of additions made to Insured Property during the Policy Period
will be reckoned from the date of addition.
Clause G. Conditions
I) Your Obligations
1. Make true and full disclosure in the proposal and related documents

Page 26 of 44
i. You have a duty of disclosure to tell Us everything You know, or could reasonably be
expected to know, that is relevant to Us for deciding whether to give You insurance
cover and on what terms. You owe this duty to disclose such relevant material
information even if We have not specifically asked for it. This duty extends to any
information or declarations given by anyone else on Your behalf.
ii. We have agreed to give You insurance cover entirely on the basis of the information
You, or anyone on Your behalf, have given Us in the proposal, statements and other
declarations and documents (in writing or electronic) about Yourself, the Building,
Plant and Machinery, Furniture, Fixture, Fittings, Stocks and other Contents. The
correct and complete information You give is the basis of Our contract with You. Our
promise to pay is conditional upon the truth of these statements and on the
assumption that You, or anyone on Your behalf, has not withheld any material
information about Yourself, the Building, Plant and Machinery, Furniture, Fixture,
Fittings, Stocks and other Contents.
iii. We have agreed to give You insurance cover entirely on the basis of the information
You, or anyone on Your behalf, have given Us in the proposal, statements and other
declarations and documents (in writing or electronic) about Yourself, the Building,
Plant and Machinery, Furniture, Fixture, Fittings, Stocks and other Contents. The
correct and complete information You give is the basis of Our contract with You. Our
promise to pay is conditional upon the truth of these statements and on the
assumption that You, or anyone on Your behalf, has not withheld any material
information about Yourself, the Building, Plant and Machinery, Furniture, Fixture,
Fittings, Stocks and other Contents.
2. Make true statements and full disclosure in the claim and related documents:
You must also give true and full information in Your claim and submit true documents. If
You give any false information or document in the claim, or if You withhold any information
or document (written or electronic), We have a right to refuse payment of Your claim. We
may also cancel Your policy.
3. Obligation to take care: You must:

i. ensure that unauthorised persons do not occupy Your Premises.
ii. whenever Your Premises or any Building in Your Premises is unoccupied, You must
ensure that all security procedures on Your Premises are in force.
4. Inform change in circumstances:
You must inform Us immediately if:
i. You change the nature of Your Business or any processes,

ii. You let out Your Premises or any part, or Your Premises will no longer be solely
occupied by You
iii. You change the use of Your Premises or any Building,
iv. Your Premises or any Building remains unoccupied for more than 30 days.

Page 27 of 44
5. Allow inspection and investigation of claim:
You must allow and give full cooperation for the survey/investigation of Your claim by Us.
You must allow Us, and any surveyor, officer or other representative that We authorise, to
enter Your Premises, inspect it, take photographs and where required, permit the scientific
testing and investigation of any insured article affected by the insured peril, You must answer
all questions asked regarding Your claim truthfully and completely, and submit all documents
that We will require.
6. Follow claim procedure:

When You suffer any loss or damage to any Insured Property, and wish to make a claim,
You must follow all steps stated in this Policy about immediate reporting to Us and to the
appropriate Legal Authorities as per Clause G (IV) of this Policy.
II) Renewal of Policy
1. End of Policy: This Policy will expire at the end of the Policy Period.
2. Application for renewal: If You wish to renew the Policy, You must apply for renewal
before the end of the Policy Period and pay the required premium amount.
3. Renewal is not automatic: We may seek relevant information from You for the purpose
of renewal. We can reject Your renewal only on grounds of mis-representation,
nondisclosure of material facts, fraud or non-co-operation on Your part.
III) Cancellation and Termination of Policy
1. Cancellation by You at any time
a. You can cancel this Policy at any time by giving Us notice in writing. The Policy will
terminate when We receive Your notice.
b. If You cancel the Policy, We will refund premium as follows:
Time for which Policy in force Refund of premium

Not exceeding 15 days 90%
Not exceeding 1 month 85%
Not exceeding 2 months 70%
Exceeding 9 months NIL
2. Cancellation by Us

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We will not cancel the Policy during the policy period except on the grounds of
misrepresentation, non-disclosure of material facts, fraud or non-co-operation of the insured.
3. Automatic termination of the Policy:
This Policy will automatically end in the following cases:
a.Destruction of any Insured Building: This Policy will automatically end 7 (seven) days
after any Insured Building collapses or is displaced or destroyed by reason other than any
Insured Event. If a separable part of any Insured Building falls down or is destroyed by
reason other than any Insured Event, the cover will end for such part or additional structure.
b.You can apply within 7 (seven) days of such fall or destruction for continuing insurance
cover. We may agree, but will not be bound, to continue the cover on revised rates, terms
and conditions.
c.Change of use or ownership of Insured Property: The Policy will end in regard to the
Insured Property affected, unless You have obtained Our prior consent in writing as an
Endorsement on the Policy,
i. if You change the trade or manufacture, or the nature of Your occupation, or You
change other circumstances relating to the Building or a building containing any
Insured Property in such a way as to increase the risk of loss or damage by Insured
Events;
ii. if Your interest in any Insured Property passes to another except by will or operation
of law.
d. Sale of Insured Property: This Policy will end when You sell, surrender or release Your
interest in any Insured Property or its part.
e. Exhaustion of Sum Insured: If any Insured Property is lost, destroyed or stolen, or is a

Total Loss, and We pay You the full Sum Insured for such item, the insurance cover for that
item will automatically end. If We pay the total Sum Insured for any claim, this Policy will end.
f. Effect of death: If You are an individual, in the event of Your unfortunate death the
Insurance Covers that You have purchased will continue for the benefit of Your legal
representative/s during the Policy Period subject to all the terms and conditions of this
Policy.
g. Policy not invalidated: The Policy is not invalidated:

i. by transfer of Your interest in the Policy by operation of law, if that occurs during the
Policy Period. We can continue this policy on same or modified terms in favour of
Your legal representatives if they apply for this purpose within 30 days of such
transfer;
ii. by any act, omission, or alteration unknown to You, or beyond Your control, that
increases the risk of loss or damage, if You give notice to Us immediately when You

Page 29 of 44
become aware of the act, omission or alteration, and pay additional premium if
required; or
iii. if Your employees or workmen carry out repairs, maintenance work or minor
alterations in the Insured Property.
IV) Claims Procedure

If You suffer a loss because of an Insured Event, You must make a claim for Your financial
loss at Your cost.
The procedure for making a claim is given below. These include things that You must do,
and that You must not do. It is important to comply with these to ensure that it does not
prejudice Your claim in any manner.
1. Immediate notice to Us
a. As soon as any loss or physical damage occurs to any Insured Property due to an
Insured Event, You must immediately give notice to Us of the loss or damage.
This is necessary so that We can survey/investigate the loss or damage.
b. You can give notice to any of Our offices or call centers.
c. You must state in this notice
i. the Policy Number,
ii. Your name,
iii. details of report to the police that You made,
iv. details of report to any Authority that You made,
v. details of the Insured Event,
vi. a brief statement of the loss,
vii. particulars of any other insurance of the Insured Property, Your Premises or
any other Property on Your Premises,
viii. details of loss or damage under Add-ons, if any, and
ix. submit photographs of loss or physical damage, wherever possible.
2. Steps to prevent loss and damage:

a. You must take all reasonable steps to prevent further loss or damage to the Insured
Property.
b. Until We have inspected the Insured Property and Your Premises, and have given
Our consent,
i. You must not sell, give away or dispose of any damaged items of any property,
ii. You must not wash or clean, or remove any damaged item or debris, except for
any urgent necessity, and
iii. You must not carry out repairs unless such repairs are urgent, and You cannot
contact Us.
3. Immediate notice to authorities

a. As soon as any loss or damage occurs to the Insured Property, You must give immediate
report to appropriate legal authorities. For example, You must report to the fire brigade of the
local authority and the police if there is damage by fire/ explosion / implosion or lightning. In
case of subsidence /landslide/rockslide, You must inform the District Administration. In the

Page 30 of 44
event of impact damage of any kind or Riot Strikes, Malicious acts and acts of terrorism, You
must inform the police. If there is a theft within 7 (seven) days following an Insured Event,
You must inform the police.
b. We may but not necessarily, waive this condition if We are satisfied that by reason of
extreme hardship it was not possible for You or any other person on Your behalf to give such
report.
4. Submit claim:
i.
a. You must submit Your claim in Our claim form at the earliest opportunity, but within
30 days from the date You first notice the loss or damage. The claim form is available
in any of Our branches, and on Our website.
b. You must state in Your claim the details of any other insurance policy that covers the
damage or loss for which You have filed Your claim, whether You have purchased
such other insurance, or someone else has purchased it for You.
ii. We shall not be liable for any loss or damage after the expiry of 12 months from the
happening of the loss or damage unless the claim is the subject of pending action. If We
disclaim liability for a claim You have made and if the claim is not made a subject matter of a
suit in a court of law within a period of 12 months from the date of disclaimer , the claim shall
not be recoverable hereunder.
5. Establish loss:
You must prove that the Insured Event has occurred, and the extent of loss or physical
damage You have suffered with full details,
i. You must support Your claim for Insured Property with plans, specification books,
vouchers, invoices pertaining to costs incurred by You for
reconstruction/replacement/repairs.
ii. You must allow Us, Our officers, surveyors or representatives to inspect the Insured
Property, and to take measurements, samples, damaged items or parts, and
photographs that are relevant.
iii. You must give Us authority to see the relevant records and get information about the
Event and Your loss from the police or any other authority.
iv. You must give Us when We request any additional information that We require for
verifying Your claim.
6. Fraudulent claim
If You, or anyone on Your behalf, make a false or fraudulent claim or support a claim with
any false or fraudulent statement or documents:
i. We will not pay the claim,

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ii. We can cancel the Policy: in such a case, You will lose all benefits under this Policy
and premium that You have paid, and
iii. We can also inform the police and start legal proceedings against You.
7. Other insurance
i. If You have any other policy with Us or any other Insurance Company (taken by You
or by anyone else for You) covering in whole or in part any claim that You have made
under this Policy, You have a right to ask for settlement of Your claim under any of
these policies.
ii. If You choose to claim under this Policy from Us, We will settle Your claim within the
limits and the terms and conditions of this Policy.
iii. After We pay the amount under Your claim, We have the right to ask for contribution
from the Insurers that have given You the other policies.
iv. We will ensure that Our actions do not impose any liability on You.
8. Our rights relating to Insured Property:
i. We must investigate/survey that Your claim is covered by this Policy. For this
purpose, We will give You notice and request Your cooperation as follows:
a. We and Our representatives will visit Your premises, inspect the
Insured Property
b. We will ask You to give to Us any items of the Contents of Your
premises for the purpose’s examination, testing, or any other
investigation,
c. We will dispose of or deal with or sell any item of the Contents of Your
Premises for which loss We have paid completely
ii. We will ensure that Our actions will not impose any liability on You.
9. Recovery action by Us
i. When We accept and pay Your claim under the Policy, We can start legal
proceedings to recover the amount or property from the third party who has
caused the loss or damage to Your Insured Property. You must give authority to
Us to take such action and exercise this right effectively, when We request You,
whether before or after making payment of Your claim. You must give all
information, cooperation, assistance and help for this purpose. You must not do
anything which will prejudice Our right.
ii. Any amount We recover from such person will be applied first to the costs of the
legal proceedings and recovery, then to the claim amount We have paid or must
pay to You. We will pay You any balance.
iii. You can start legal proceedings against any person who has caused the loss or
damage only with Our prior consent, and on conditions that We will impose. You
must not compromise or settle any claim against such person without Our
consent. If You recover any amount from such person, You must return to Us the

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amount We have paid for Your claim. We can take over the conduct of legal
proceedings that You have started and continue the proceedings in Your name.
Clause H. Changes to covers

1. You can choose to make changes to the covers of this Policy, for example, take additional
cover, or increase or reduce any Sum Insured. You must make a proposal or request for any
change. It will be effective only after We have accepted Your proposal, and You have paid
the additional premium where applicable.
2. This Policy (including the Policy Schedule, the proposal, declarations and the
Endorsements) consists of the entire contract between You and Us.
Clause I. Other details

1. Designation of Insured Property
For the purpose of determining under which item any Property is insured, We agree to
accept the designation under which such Property appears in Your books of account.
2. Notices
i. We will send any notice, letter or communication in writing to You at Your address
mentioned in the Policy Schedule, and to Your email address that You have
registered with Us.
ii. You will send any notice, letter, intimation or communication in writing to Us at the
branch office where You purchased the Policy. You can also send it at the address
mentioned in the Policy Schedule. You shall not send any notice etc. to the insurance
agent, broker or any other entity. They are not authorised to receive notices etc. on
Our behalf.
3. Applicable law and jurisdiction

This Policy will be subject to the laws of India, and to the jurisdiction of courts in India.
Clause J. Grievances
If You have a grievance about any matter relating to the Policy, or Our decision on any
matter, or the claim, You can address Your grievance as follows:
1. Grievance Redressal Mechanism
If you may have a grievance that requires to be redressed, you may contact the us with the
details of the grievance through
Stage 1
If you are dissatisfied with the resolution provided or for lack of response, you may write to head.
[email protected];We will look into the matter and decide the same expeditiously
within 14 days from the date of receipt of your complaint. For Senior Citizens: Senior Citizens

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can reach us at [email protected]; Toll Free - 1800 22 1111 / 1800 102
1111 Monday to Saturday (8 am - 8 pm)
Stage 2
In case, you are not satisfied with the decision/resolution communicated by the above office, or
have not received any response within 14 days, you may send your Appeal addressed to the
Grievance Redressal Officer at: [email protected]. or contact at: 022-42412070.
Address: Grievance Redressal Officer, 9th Floor, A & B Wing, Fulcrum Building, Sahar Road,
Andheri (East), Mumbai 400 099
List of Grievance Redressal Officers at Branch: content.sbigeneral.
in/uploads/84a442d39ceb45e4a672cc6f6969dd08.pdf/
Stage 3
In case, you are not satisfied with the decision/resolution communicated by the above office, or
have not received any response within 14 days, you may Register your complaint with IRDAI on
the below given link https://bimabharosa.irdai.gov.in/Home/Home
Stage 4
If your grievance remains unresolved from the date of filing your first complaint or is partially
resolved, you may approach the Insurance Ombudsman falling in your jurisdiction for Redressal
of your Grievance. The details of the Insurance Ombudsman can be accessed at https://www.
cioins.co.in/Ombudsman
If Your issue remains unresolved You may approach IRDAI by calling on the Toll-Free no.
155255 or You can register an online complaint on the website http://igms.irda.gov.in
2. Consumer Affairs Department of IRDAI
a. In case it is not resolved within 15 days or if You are unhappy with the resolution You
can approach the Grievance Redressal Cell of the Consumer Affairs Department of
IRDAI by calling Toll Free Number 155255 (or) 1800 4254 732 or sending an email to
[email protected] You can also make use of IRDAI's online portal - Integrated
Grievance Management System (IGMS) by registering Your complaint at igms.irda.
gov.in
b. You can send a letter to IRDAI with Your complaint on a Complaint Registration Form
available by clicking here. You must fill and send the Complaint Registration Form
along with any documents by post or courier to General Manager, Insurance
Regulatory and Development Authority of India(IRDAI), Consumer Affairs
Department- Grievance Redressal Cell, Sy.No.115/1, Financial District,
Nanakramguda, Gachibowli, Hyderabad-500032.
c. You can visit the portal http://www.policyholder.gov.in for more details.
3. Insurance Ombudsman
You can approach the Insurance Ombudsman, depending on the nature of Your grievance
and the financial implications, if any. Information about Insurance Ombudsmen, their
jurisdiction and powers is available on the website of the Insurance Regulatory and
Page 34 of 44
Development Authority of India (IRDAI) at www.irdai.gov.in , or of the General Insurance
Council at www.generalinsurancecouncil.org.in , the Consumer Education Website of the
IRDAI at http://www.policyholder.gov.in , or from any of Our Offices.
Clause K. Information about Us
SBI General Saral Bharat Laghu Udyam Suraksha
Address: Registered and Corporate Office: 9th Floor, A&B Wing, Fulcrum Building, Sahar
Road, Andheri East, Mumbai – 400099
Web: www.sbigeneral.in
E-mail: [email protected]
Customer Service: 1800-22-1111
Annexure- A
The contact details of the Insurance Ombudsman offices are as below-
LIST OF OMBUDSMEN OFFICES
Office of Insurance the Areas of Jurisdiction

Ombudsman
AHMEDABAD - Shri Kuldip Singh Gujarat, Dadra & Nagar Haveli,
Office of the Insurance Ombudsman, Daman and Diu.
Jeevan Prakash Building, 6th floor,
Tilak Marg, Relief Road,
Ahmedabad – 380 001.
Tel.: 079 - 25501201/02/05/06
Email: bimalokpal.ahmedabad@ecoi.
co.in
BENGALURU - Smt. Neerja Shah Karnataka.
Office of the Insurance Ombudsman,
Jeevan Soudha Building,PID No. 57-
27-N-19
Ground Floor, 19/19, 24th Main
Road,
JP Nagar, Ist Phase,
Bengaluru – 560 078.
Tel.: 080 - 26652048 / 26652049
Email: bimalokpal.bengaluru@ecoi.
co.in
BHOPAL - Shri Guru Saran Madhya Pradesh, Chhattisgarh.
Shrivastava
JanakVihar Complex, 2nd Floor,
6, Malviya Nagar, Opp. Airtel Office,
Near New Market,
Bhopal – 462 003.
Page 35 of 44
Tel.: 0755 - 2769201 / 2769202
Fax: 0755 - 2769203
Email: [email protected]
BHUBANESHWAR - Shri Suresh Orissa.
Chnadra Panda
62, Forest park,
Bhubneshwar – 751 009.
Tel.: 0674 - 2596461 /2596455
Fax: 0674 - 2596429
Email: bimalokpal.
[email protected]
CHANDIGARH - Dr. Dinesh Kumar Punjab,Haryana,
Verma Himachal Pradesh,
Office of the Insurance Ombudsman, Jammu & Kashmir,
S.C.O. No. 101, 102 & 103, 2nd Chandigarh.
Floor,
Batra Building, Sector 17 – D,
Chandigarh – 160 017.
Tel.: 0172 - 2706196 / 2706468
Fax: 0172 - 2708274
Email: bimalokpal.chandigarh@ecoi.
co.in
CHENNAI - Shri M. Vasantha Krishna Tamil Nadu,
Office of the Insurance Ombudsman, Pondicherry Town and
Fatima Akhtar Court, 4th Floor, 453, Karaikal (which are part of UT of Pondicherry).
Anna Salai, Teynampet,
CHENNAI – 600 018.
Tel.: 044 - 24333668 / 24335284
Fax: 044 - 24333664
Email: [email protected].
in
DELHI - Shri Sudhir Krishna Delhi.
2/2 A, Universal Insurance Building,
Asaf Ali Road,
New Delhi – 110 002.
Tel.: 011 - 23232481/23213504
GUWAHATI - Shri Kiriti .B. Saha Assam, Meghalaya,
Office of the Insurance Ombudsman, Manipur, Mizoram,
Jeevan Nivesh, 5th Floor, Arunachal Pradesh,
Nr. Panbazar over bridge, S.S. Road, Nagaland and Tripura.
Guwahati – 781001(ASSAM).
Tel.: 0361 - 2632204 / 2602205
in .
HYDERABAD - Shri I. Suresh Babu Andhra Pradesh,

Page 36 of 44
Office of the Insurance Ombudsman, Telangana,
6-2-46, 1st floor, "Moin Court", Yanam and
Lane Opp. Saleem Function Palace, part of Territory of UT of Pondicherry.
A. C. Guards, Lakdi-Ka-Pool,
Hyderabad - 500 004.
Tel.: 040 - 67504123 / 23312122
Fax: 040 - 23376599
Email: bimalokpal.hyderabad@ecoi.
co.in
JAIPUR - Smt. Sandhya Baliga Rajasthan.
Jeevan Nidhi – II Bldg., Gr. Floor,
Bhawani Singh Marg,
Jaipur - 302 005.
Tel.: 0141 - 2740363
ERNAKULAM - Ms. Poonam Bodra Kerala, UT of (a) Lakshadweep, (b)
Office of the Insurance Ombudsman, Mahe-a part of UT of Pondicherry.
2nd Floor, Pulinat Bldg.,
Opp. Cochin Shipyard, M. G. Road,
Ernakulam - 682 015.
Tel.: 0484 - 2358759 / 2359338
Fax: 0484 - 2359336
Email: bimalokpal.ernakulam@ecoi.
co.in
KOLKATA - Shri P. K. Rath West Bengal,
Office of the Insurance Ombudsman, Sikkim,
Hindustan Bldg. Annexe, 4th Floor, UT of Andaman & Nicobar Islands.
4, C.R. Avenue,
KOLKATA - 700 072.
Tel.: 033 - 22124339 / 22124340
Fax : 033 - 22124341
LUCKNOW -Shri Justice Anil Kumar Districts of Uttar Pradesh :
Srvastava Laitpur, Jhansi, Mahoba, Hamirpur, Banda,
Office of the Insurance Ombudsman, Chitrakoot, Allahabad, Mirzapur, Sonbhabdra,
6th Floor, Jeevan Bhawan, Phase-II, Fatehpur, Pratapgarh, Jaunpur,Varanasi, Gazipur,
Nawal Kishore Road, Hazratganj, Jalaun, Kanpur, Lucknow, Unnao, Sitapur,
Lucknow - 226 001. Lakhimpur, Bahraich, Barabanki, Raebareli,
Tel.: 0522 - 2231330 / 2231331 Sravasti, Gonda, Faizabad, Amethi, Kaushambi,
Fax: 0522 - 2231310 Balrampur, Basti, Ambedkarnagar, Sultanpur,
Email: Maharajgang, Santkabirnagar, Azamgarh,
[email protected] Kushinagar, Gorkhpur, Deoria, Mau, Ghazipur,
Chandauli, Ballia, Sidharathnagar.
MUMBAI - Shri Milind A. Kharat Goa,
Office of the Insurance Ombudsman, Mumbai Metropolitan Region
3rd Floor, Jeevan SevaAnnexe, excluding Navi Mumbai & Thane.
S. V. Road, Santacruz (W),

Page 37 of 44
Mumbai - 400 054.
Tel.: 022 - 26106552 / 26106960
Fax: 022 - 26106052
in
NOIDA - Shri Chandra Shekhar State of Uttaranchal and the following Districts of
Prasad Uttar Pradesh:
Office of the Insurance Ombudsman, Agra, Aligarh, Bagpat, Bareilly, Bijnor, Budaun,
BhagwanSahai Palace Bulandshehar, Etah, Kanooj, Mainpuri, Mathura,
4th Floor, Main Road, Meerut, Moradabad, Muzaffarnagar, Oraiyya,
Naya Bans, Sector 15, Pilibhit, Etawah, Farrukhabad, Firozbad,
Distt: Gautam Buddh Nagar, Gautambodhanagar, Ghaziabad, Hardoi,
U.P-201301. Shahjahanpur, Hapur,
Tel.: 0120-2514250 / 2514252 / Shamli, Rampur, Kashganj, Sambhal, Amroha,
2514253 Hathras, Kanshiramnagar, Saharanpur.
PATNA - Shri N. K. Singh Bihar,
Office of the Insurance Ombudsman, Jharkhand.
1st Floor,Kalpana Arcade Building,,
Bazar Samiti Road,
Bahadurpur,
Patna 800 006.
Tel.: 0612-2680952
PUNE - Shri Vinay Sah Maharashtra,
Office of the Insurance Ombudsman, Area of Navi Mumbai and Thane
Jeevan Darshan Bldg., 3rd Floor, excluding Mumbai Metropolitan Region.
C.T.S. No.s. 195 to 198,
N.C. Kelkar Road, Narayan Peth,
Pune – 411 030.
Tel.: 020-41312555
The updated details of Insurance Ombudsman are available on the IRDA website: www.irdai.gov.in
and on the website of General Insurance Council: www.gicouncil.in
Standard Add-ons
This is an additional cover that extends the insurance cover that We give under the SBI
General Saral Bharat Laghu Udyam Suraksha. We give these additional covers if You have
applied to and paid premium for the covers and We have accepted to give covers to You.
1. Floater Cover
We extend the cover under the SBI General Bharat Laghu Udyam Suraksha Policy to
physical loss or damage to Stocks at more than one location as follows:
i. You have declared all locations, and these are shown in the Policy
Schedule.

Page 38 of 44
ii. The aggregate Sum Insured is available for cover of Stocks.
iii. You have a good internal audit and accounting procedure under which
the total amount at risk and the locations can be established at any
particular time.
iv. You must inform Us any change in the address of any location occurring
after the Commencement Date.
2. Declaration Policy for Stocks

1. We agree to cover Your Stock on receipt of provisional premium based
on Your declaration of the value of Stock, the premium being liable to be
adjusted at expiry of the Policy Period, as follows:
2. You will declare to Us in writing signed by You or an authorised person,

the value of Your Stock less any amount insured by Policies other than
declaration policies. If any Stock is covered by declaration policies, You
must apportion to each policy a share of the value of stocks insured by
such declaration policies pro-rata to the respective amounts named in
those policies.
3. Your declaration shall state

i. Average of the value at risk on each day of the month, or
ii. Highest value at risk during the month
4. You must give a separate declaration relating to each separate location.
5. You shall give such declaration before the last day of the succeeding
month. If You do not make a declaration in time, We will consider the
Sum Insured mentioned in the Policy Schedule as the value at risk.
6. At the end of the Policy Period, the actual premium will be calculated at
the rate applied under the Policy on the average Sum Insured, i.e.,The
total of values declared or deemed to have been declared ÷ the number
of declarations made or deemed to have been made.
7. If the premium calculated on adjustment is less than the provisional

premium You have paid, We will repay the amount of the difference not
exceeding 50% of the provisional premium.
8. If at the time of loss there is another subsisting insurance policy

covering the insured Stock other than on declaration basis, whether You
have taken such policy or someone else, We will only pay the amount of
difference by which the value of the Stock at the time of loss exceeds
the Sum Insured under the other policies, and We will not be liable to
contribute more than that proportion which such difference bears to the
total value of stocks. In all cases, the maximum We will pay is the
relevant Sum Insured.

Page 39 of 44
9. If after loss has occurred, it is found that the amount of last declaration
before the loss is less that the amount which ought to be declared, We
will pay only that proportion of loss which the amount in the last
declaration bears to the amount that ought to have been declared.
10. If You cancel the policy (whether any stock exists or not), We will retain
short period premium calculated on the average amount insured until the
cancellation, or 50% of the provisional premium, whichever is higher. If
You cancel the policy after loss has occurred, We will retain the
premium of the higher of the two amounts:
i. The pro-rata proportion of the premium calculated on the average
amount insured until cancellation plus the pro-rata proportion of the
premium from the date of loss to the end of the Policy Period, and
ii. 50% of the provisional premium.
11. You cannot reduce the Sum Insured during the Policy Period.
12. We will not pay more than the Sum Insured, and You need not pay
premium on value in excess of the Sum Insured. You and Us can
increase the Sum Insured by agreement, and its effective date will be
added by Endorsement on the Policy. You are liable to pay an additional
provisional premium on the increased Sum Insured proportionate to the
unexpired Policy Period. If the rate for the class of the relevant risk is
revised during the Policy Period, You must pay an additional provisional
premium on the revised rate for the unexpired period. In both these
cases, the premium will be adjusted at the end of the Policy Period as
stated in Clause 6 above.
13. If the Insured Stocks are collectively of greater value than their Sum
Insured at the time of loss, You will be Your own insurer for the
difference, and must bear a rateable proportion of the loss. Every item
of Stock shall be separately subject to this condition.
14. All other terms and conditions of the Policy shall apply to the Declaration
Policy
Other Add-ons

Page 40 of 44
General Conditions applicable to the add-on:
Claim under this add-on will be accepted only if we have accepted Your claim for
loss for physical damage to Your premises building
Clause Wordings
CYBER LOSS LIMITED EXCLUSION CLAUSE ~ LMA5410 (amended)
1. Notwithstanding any provision to the contrary within this reinsurance agreement or

any endorsement thereto, this reinsurance agreement excludes all loss, damage,
liability, cost or expense of whatsoever nature directly or indirectly caused by,
contributed to by, resulting from, arising out of or in connection with:
1.1 any loss of, alteration of, or damage to or a reduction in the functionality,
availability or operation of a Computer System, unless subject to the provisions of
paragraph 2;
1.2 any loss of use, reduction in functionality, repair, replacement, restoration or
reproduction of any Data, including any amount pertaining to the value of such
Data.
2. Subject to the other terms, conditions and exclusions contained in this reinsurance
agreement, this reinsurance agreement will cover physical damage to property
insured under the original policies and any Time Element Loss directly resulting
therefrom where such physical damage is directly occasioned by any of the following
perils:
• Fire
• Explosion
Definitions
• Computer System means any computer, hardware, software, communications
system, electronic device (including, but not limited to, smart phone, laptop,
tablet, wearable device), server, cloud or microcontroller including any similar
system or any configuration of the aforementioned and including any
associated input, output, data storage device, networking equipment or back
up facility.
• Data means information, facts, concepts, code or any other information of any
kind that is recorded or transmitted in a form to be used, accessed, processed,
transmitted or stored by a Computer System.
• Time Element Loss means business interruption, contingent business
interruption or any other consequential losses.

Page 41 of 44
SANCTION LIMITATION AND EXCLUSION CLAUSE
It is hereby declared and agreed that no insurer shall be deemed to provide cover and no
insurer shall be liable to pay any claim or provide any benefit hereunder to the extent that the
provision of such cover, payment of such claim or provision of such benefit would expose
that insurer to any sanction,
prohibition or restriction under United Nations resolutions or the trade or economic sanctions,
laws or regulations of the European Union, United Kingdom or United States of America.
COMMUNICABLE DISEASE EXCLUSION CLAUSE
1. Notwithstanding any provision, clause or term of this Policy to the contrary, this Policy
excludes any loss, cost, damage, liability, claim, fines, penalty or expense or any other
amount of whatsoever nature, whether directly or indirectly and/or in whole or in part, related
to, caused by, contributed to by, resulting from, as a result of, as a consequence of,
attributable to, arising out of, arising under, in connection with, or in any way involving (this
includes all other terms commonly used and/or understood to reflect or describe nexus
and/or connection from one thing to another whether direct or indirect):
1.1 a Communicable Disease and/or the fear or threat (whether actual or perceived) of a
Communicable Disease and/or the actual or alleged transmission of a Communicable
Disease regardless of any other cause or event contributing and/ or occurring concurrently or
in any sequence thereto, and
1.2 a pandemic or epidemic, as declared by the World Health Organisation or any

governmental authority.
2. As used herein, Communicable Disease means: any infectious, contagious or

communicable substance or agent and/or any infectious, contagious or communicable
disease which can be caused and/or transmitted by means of substance or agent where:
2.1 the disease includes, but is not limited an illness, sickness, condition or an interruption or
disorder of body functions, systems or organs, and
2.2 the substance or agent includes, but is not limited to, a virus, bacterium, parasite, other
organism or other micro-organism (whether asymptomatic or not); including any variation or
mutation thereof, whether deemed living or not, and
2.3 the method of transmission, whether direct or indirect, includes but not limited to,
airborne transmission, bodily fluid transmission, transmission through contact with human
fluids, waste or the like, transmission from or to any surface or object, solid, liquid or gas or
between organisms including between humans, animals, or from any animal to any human
or from any human to any animal, and
2.4 the disease, substance or agent is such:
2.4.1 that causes or threatens damage or can cause or threaten damage to human health or
human welfare, or

Page 42 of 44
2.4.2 that causes or threatens damage to or can cause or threaten damage to, deterioration
to, contamination of, loss of value of, loss of marketability of or loss of use or usefulness of,
tangible or intangible property.
For avoidance of doubt, Communicable Disease includes but is not limited to Coronavirus
Disease 2019 (Covid -19) and any variation or mutation thereof.
3. For further avoidance of doubt, any contingent or other business interruption loss,
cost, damage, loss of income, loss of use, increased cost of working and/or extra expense
arising out of or attributable to:
3.1 any partial or complete closure of and/or slowdown in, including but not limited to any
closure by or under the advisories of public, military, government or civil authorities, or any
denial of access to reinsured premises, or customer and or supplier premises (including
service / utility providers), or
3.2 change in consumer behaviour, or
3.3 an absence of infected employees or employees suspected of being infected shall not be
covered by this Policy .
4. For still further avoidance of doubt, loss, cost, damage, liability, claim, fines, penalty
or expense or any other amount excluded hereby, includes but is not limited to any cost to
identify, clean-up, detoxify, disinfect, decontaminate, mitigate, remove, evacuate, repair,
replace, monitor, sanitize or test: (1) for a Communicable Disease or (2) any tangible or
intangible property covered by this Policy that is affected by such Communicable Disease.
5. It is clarified that (1) no other prior, concurrent or subsequent provision, clause, term
or exception of this Policy (including (but not limited to) any prior, concurrent or subsequent
endorsement and/or any provision, clause, term, buy back or exception that operates, or is
intended to operate, to extend the coverage of, or protections provided by, this Policy by
whatever name called like any coverage extension, additional coverage, global extension,
exception to any exclusion); (2) no change in the law, clause or similar provision; (3) no
follow the fortunes clause or similar provision; and/or (4) no change in the law or any
regulation (to the extent permitted by applicable law), shall operate to provide any
reinsurance, coverage or protection under this Policy that would otherwise be excluded
through the exclusion set forth in this Clause.
If the insurer alleges that by reason of this [Endorsement][Clause] any amount is not covered
by this Policy the burden of proving the contrary shall rest in the insured.
Agreed Bank Clause

If You have mortgaged, hypothecated or created any security over any Insured Property in
favour of a Bank, and the Bank has an interest in the Policy, the name of such Bank will also
be shown in the Policy Schedule under the title ‘Agreed Bank Clause’. If You choose to add
the name of such Bank at any time during the Policy Period this will be shown as an
Endorsement. In this Clause, the word ‘Bank’ includes any financial institution.
Under this Clause, You agree as follows:

Page 43 of 44
i. We shall pay to the Bank the entire amount that We are liable to pay under this
Policy. Such Bank will receive it for its own demand, and as agent for any other person
interested in the amount.
ii. When We pay the amount to the Bank, Our liability under this Policy will be
discharged, and will be binding on all of You and all persons named as the insured.
iii. Any notice or communication We make to the Bank under the provisions of this Policy
shall be sufficient notice or communication to You.
iv. Any settlement or compromise that We make with the Bank will be binding on You
and all persons named as the insured. However, such settlement or compromise will not
affect the rights of the Bank to recover any amount from You or any other person.
v. If You make any change in the use of the Insured Property or Your Premises or sell
or transfer the Insured Property, such actions will not prejudice the interest of the Bank under
the Policy and this Clause, unless the condition has been broken by the Bank or its
employees.
vi. If You commit any act or omission that will increase the risk, the insurance cover will
not be invalidated. However, the Bank shall notify Us of any change or ownership, or
alterations and increase in risks as soon they become known to the Bank and shall pay
additional premium from the time of such change.
vii. When We pay the amount to the Bank, We will become legally and automatically
subrogated to all rights of the Bank to the extent of such payment. This will not impair or
prejudice the rights of the Bank to recover any amount from You or any other person.
N.B: The Bank shall mean the first named Financial Institution/Bank named in the policy.

Page 44 of 44

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SBI General Saral Bharat Laghu Udyam Suraksha

Intermediary Name Beacon Insurance Brokers Pvt Ltd

Previous Policy No (if any)

Summary Particulars of Property Insured

Sr. Location of Risk Occupancy Sum Insured (Rs.)

Standard Add on Cover Details

Add on Cover Sum Insured(Rs.)

Sr.No. Covers SI Limits

UIN No: IRDAN144CP0028V04201819

5% of each claim, subject to a minimum of ₹ 10,000 for each claim

Terrorism Damage Claims:

Particulars Amount (Rs)

SBI General Insurance Company Limited

UIN No: IRDAN144CP0028V04201819

Receipt No Receipt Date

Place: Surat For SBI General Insurance Company

Signer: VISHWANATHAN SUBRAMANIAN

Additional Conditions/Endorsements/Warranties/Clauses applicable

Attached to and forming part of the Schedule to the Policy No:

SBI General Insurance Company Limited

UIN No: IRDAN144CP0028V04201819

1. Additions, alterations or extensions Clause

2. Cover for Specific Contents

4. Cost for Removal of debris

5. Costs compelled by Municipal Regulations

6. Waiver of Underinsurance upto 15%

7. Sanction Limitation And Exclusion Clause

8. Cyber Loss Limited Exclusion Clause LMA 5410

9. Agreed Bank Clause

10. Basis of Valuation

12. Temporary removal of stocks

13. Start-Up Expenses

14. Designation of Property Clause

15. Earthquake (Fire and Shock)

16. Terrorism Damage Exclusion Clause:

SBI General Insurance Company Limited

UIN No: IRDAN144CP0028V04201819

17. Sanction Limitation And Exclusion Clause:

18. Communicable Disease Exclusion Clause:

1.1 a Communicable Disease and/or the fear or threat (whether actual

1.2 a pandemic or epidemic, as declared by the World Health

2. As used herein, Communicable Disease means: any infectious, contagious

2.1 the disease includes, but is not limited an illness, sickness,

SBI General Insurance Company Limited

UIN No: IRDAN144CP0028V04201819

2.3 the method of transmission, whether direct or indirect, includes but

2.4 the disease, substance or agent is such

2.4.1 that causes or threatens damage or can cause or threaten

2.4.2 that causes or threatens damage to or can cause or

For avoidance of doubt, Communicable Disease includes but is not limited to

3. For further avoidance of doubt, any contingent or other business

3.2 change in consumer behaviour, or

3.3 an absence of infected employees or employees suspected of

5. It is clarified that (1) no other prior, concurrent or subsequent provision,

UIN No: IRDAN144CP0028V04201819

6. If the insurer alleges that by reason of this [Endorsement][Clause] any

1. • Excluding Transmission and Distribution lines beyond 1500

Location wise Clauses/Warranties etc.:

For Risk Location Address: , NO GDLGJ1452,GOVT LAND R.S.NO-278 OLD

1. Kutcha construction is excluded under scope of this policy