NEW INDIA BHARATH LEGHU UDYAM

New India Bharat Laghu Udyam Suraksha provides comprehensive protection for your business assets against unforeseen events such as fire, natural calamities, riots, and accidental damage. The policy safeguards your building, machinery, stock, furniture, and other business-related assets, helping you recover quickly from financial losses. With flexible coverage options, add-on benefits, and underinsurance protection, it is an ideal solution for small and medium enterprises seeking reliable property insurance coverage.

This policy by The New India Assurance Company Limited is designed for small and medium businesses where the total value of insurable assets at one location is above ₹5 Crore and up to ₹50 Crore. It protects business property against fire and other covered risks.

What is Covered?

 ✔️Building & Structures
 ✔️Plant & Machinery
 ✔️Furniture & Fixtures
✔️ Stock & Inventory
 ✔️Other Business Assets

The policy covers losses caused by:

• Fire
• Lightning
• Explosion
• Storm, Cyclone & Flood
• Riot & Strike Damage
• Impact Damage
• Terrorism (if opted)
• Other specified perils under the policy wording.

Key Features

• Underinsurance waiver up to 15%
• Floater cover for stock at multiple locations
• Declaration policy for fluctuating stock values
• Standard add-on covers available
• Reinstatement and replacement cost coverage available.

Documents Required

📄 Aadhaar Card
📄 PAN Card
📄 GST Certificate (if applicable)
📄 Business Registration Proof
📄 Property Details
📄 Previous Policy Copy (for renewal)
📄 Stock & Asset Details
📄 Photographs of Premises (if required)

Claim Process

1. Inform the insurer immediately after the loss.
2. Take necessary steps to prevent further damage.
3. Submit claim form with supporting documents.
4. Surveyor inspection will be arranged.
5. Submit repair estimates, invoices, and loss details.
6. Claim assessment and settlement after verification.