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Policy Details:
Indemnifies the insured against loss of money in transit by the insured or insured’s authorized employees occasioned by Robbery, Theft or any other fortuitous cause.
Highlights
Money in transit, safe and counter can be covered.
The policy can be extended to cover loss of cash from the counters during working hours due to hold-up by anyone other than an employee of the insured.
Annual and single carrying limits.
Money for payment of salaries, wages and for depositing it in the banks.
Pre-acceptance Requirements / Precautions
Maintenance Of Books And Keys
Money should be accompanied by armed guards while in transit.
Covered
RSMD, infidelity and terrorism with additional premium.
Money in transit, safe and counter can be covered
Exclusions
Non-Banking Financial Institution unless they are registered as per RBI norms and
Policy should not be issued to cash carrying security agencies.
Proposals from Jewelers, Moneylenders, pawnbrokers
