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Fire Insurance

Fire Insurance policy covers property damage due to Fire & Allied perils. Perils covered under policy are Fire, Lightning, Explosion/Implosion, Aircraft Damage, RSMD, Impact damage, Subsidence and landslide including Rock slide, bursting and overflowing of water tanks, apparatus and Pipes, Missile testing operations, Leakage from Automatic Sprinkler Installation, Bush Fire.

Add On Covers like Earthquake, Terrorism, STFI (Storm, Tempest, Flood & Inundation), Spontaneous Combustion are recommended for better risk cover.
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Fire Loss of Profits (FLOP)

Covers loss of profit due to interruption of business consequent upon loss or damage sustained by property insured due to insured perils. To report a Claim FLOP (Fire Loss of Profit) policy, it is mandatory to have a Claim under Fire policy.

Motor Insurance

  • Own Damage Cover: Any loss or damage caused to the vehicle as a result of natural and manmade calamities.
    Natural Calamities – Fire, explosion, self-ignition or lightning, earthquake, flood, typhoon, hurricane, storm, tempest, inundation, cyclone, hailstorm, frost, landslide, rockslide.
    Manmade Calamities –Burglary, theft, riot, strike, malicious act, accident by external means, any damage in transit by road, rail, inland waterway, lift, elevator or air.
  • Third party legal liability: Protects against legal liability arising due to accidental damages, any permanent injury/ death of a person and/or any damage caused to the property.
  • Personal accident cover: The motor insurance provides compulsory personal accident cover of Rs. 50,000 for individual owner driver of the vehicle insured while traveling in, mounting or dismounting from the vehicle. You can also opt for a personal accident cover for other passengers in the vehicle.

Industrial All Risk

IAR Insurance Policy provides cover against Material Damage and Business Interruption for Industrial Units having sum insured of more than INR 100 crores. This policy provides cover against all risks/ perils other than those which are excluded in the Policy.

IAR policy comprises of 2 sections:

  • Material Damage
  • Machinery Breakdown
  • Fire Loss of Profits (FLOP)
  • Machinery Loss of Profits (MLOP)

Advantage of Anar Insurance

Anar Insurance encourages savings in the form of investments.Premium given for life insurance acts as savings for future.It helps in collecting and securing funds for security and safety for future needs.

Providing security

Financial security is utmost important for survival in today’s world.Safeguarding family’s finances thru different kinds of insurance can be beneficial and act like a security for future.

Spreading Risk

The pooling of risk can be done from one or more sources. Hence spreading/dividing the burden from a single source.The risk could be single or multiple types.

Promotes business activities

Insurance activity builds and shapes different kind of opportunities as multiple service providing companies are linked once the insurance is matured.

Provides employment opportunities

Insurance is a progressive industry and with introduction and development of new policies in helps in creating new job opportunities which requires special skill sets.

Maintains economic stability

It converts accumulated capital to productive investments.It also helps in financial stability and promotes trade and commerce for economic development and growth.

Assures financial compensation

A financial compensation is provided in many types of insurance. If we take an example of Life Insurance, we realize that once the term has ended or due to the demise of the insured, the compensation is given to the family.

Get in touch with us to assist you with all your insurance needs.

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