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The Dukan Mitra policy is a modified version of the shopkeeper's policy which can be issued to smaller establishments.
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The Dukan Mitra policy is a modified version of the shopkeeper's policy which can be issued to smaller establishments. The main features of this policy are
(a) there is a fixed sum insured.
(b) condition of average need not be applied.
VARIOUS SECTIONS
SECTION I
This section also covers the Insured's property when removed to another premises for custody during his absence and for a temporary period limited to 90 days in all.
SECTION II
Loss / damage to the contents whilst contained in insured premises by burglary / housebreaking.
SECTION III
If bodily injury by external violent means and caused accidentally shall within 12 months of such injury by the sole and direct cause of death or permanent total disablement of the persons specified the Company will pay each such person specified amount. Permanent total disablement would mean total irrecoverable loss of sight of both eyes / physical loss of entire hands or entire feet / one foot and one eye or one eye and one hand / one foot or irrecoverable loss of use of both limbs.
SECTION IV
This section indemnifies the Insured subject to the limit under column 4 in respect of all sums which the Insured shall become legally liable to pay as compensation and incur litigation expenses with the Company's written consent. a. in respect of accidental death or bodily injury to any person other than a person under the Insured's employment b. accidental damage to property caused by or through fault or negligence of the Insured or his employee or a member of Insured's household c. compensation to Insured's employees as per the WC act for any employment injury (including fatal) d. This section excludes liability for accidents involving Insured's ownership or use of vehicles vessels of any kind aircraft or animals.
SECTION V
Indemnifies the Insured for any direct pecuniary loss subject to the limit under column 4 caused by an act of fraud or dishonesty committed by any salaried employee of the Insured in the course of his duty in the insured premises on conviction and prosecution of an employee responsible for dishonesty / fraud. Withholding of any money due to the delinquent employee and deduction of such moneys from the claim are preconditions to settlement of a valid claim.
SECTION VI
Indemnifies the Insured subject to the limit per carrying (under column 3 in respect of loss by accident or misfortune while the Insured's money in his hands of his employees is in transit between any two places within 15 kms from insured premises (only such money of the Insured's business transactions and entrusted to the permanent employee handling cash is covered) loss / damage by burglary or housebreaking whilst contained in a safe cash box or such place under lock and key loss / damage whilst lying in cashier's till or counter in the Insured's premises during business hours due to violence assault or threat. It is a policy condition under this section that a complete and arithmetic account of cash in various places be kept and that such records / account books be kept in a place other than where money is kept.
The Policy covers
The risk of fire lightning storm earthquake flood riot strike etc
The risk of burglary
The loss of money while it is being carried by the employee from one place to another due to accident/misfortune
Any Pecuniary loss arising out of dishonesty or fraud by any employee
Death or any bodily injury directly or indirectly caused by accidental violent external and visible means applicable for persons aged between 12 and 70 years.
WHAT IS NOT INSURED
This Policy does not cover:
Loss or damage to fragile articles such as chinaware articles made of glass or materials of brittle nature due to impact.
Loss or damage due to war and/or warlike perils nuclear and/or atomic radiation.
Loss or damage due to wear and tear gradual deterioration or slowly developing flaws.
Consequential loss of any kind.
Loss of or damage caused by or due to action of any lawfully constituted authority or Government body.
Loss or damage to cash securities bullion stamps deeds documents manuscripts and articles of antique value.
Loss of valuables due to theft from unattended vehicles.
Loss or damage for which the manufacturer or supplier or repairer or transporter or any other third party is responsible either by law or by contract.
