Policy for Kisan Agricultural Pumpset Insurance Scheme

Brief Description
This policy applies to Centrifugal Pumpsets (Electrical & Diesel) and submersible pumpsets up to 25 H.P. capacity used for Agricultural purposes only.

Covered Risks
Cover is granted against fire and/or lightening, theft/burglary (due to violent forcible entry and provided the pumpset is kept in a locked enclosure), mechanical/electrical breakdown, riot, strike, malicious damage, terrorism. Flood risk can be covered by payment of additional premium.

Major Exclusions
Normal wear and tear, gradual deterioration due to atmospheric conditions, willful negligence, faults existing at the time of commencement and known to the insured , cost of dismantling, transporting to workshop and back as also cost of re-erection. However, transport and re-erection charges to be paid in full in case of total loss.