Mega Risk Insurance Policy
One Policy. Unlimited Protection. Comprehensive Cover for High-Value Industrial and Infrastructure Projects.
The Mega Risk Insurance Policy provides complete protection for large industrial, commercial, and infrastructure enterprises that operate with high-value assets and complex risk exposures. It consolidates multiple coverages under a single, high-limit policy — designed for organizations where traditional insurance may not be enough.
Key Benefits:
- Protection for property, plant, machinery, and stock against physical loss or damage
- Compensation for lost profit or revenue following an insured event
- Covers sudden mechanical or electrical breakdown of major equipment
- Fire, flood, earthquake, storm, explosion, and more
- Terrorism, Debris Removal, Professional Fees
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What is Mega Risk Insurance Policy?
The Mega Risk Insurance Policy provides complete protection for large industrial, commercial, and infrastructure enterprises that operate with high-value assets and complex risk exposures. It consolidates multiple coverages under a single, high-limit policy — designed for organizations where traditional insurance may not be enough.
Why do you need Mega Risk Insurance Policy?
Business Protection
Secure your assets like buildings, machinery, and stock from fire, floods, and other risks.
Mandatory Risk Coverage
Includes built-in coverage for earthquake, STFI, and terrorism—no opt-outs allowed.
Avoid Financial Loss
Covers actual value of stock and assets, reducing financial burden after damage.
Full Asset Security
Policy requires complete coverage—no partial insurance—ensuring total protection.
Why choose Insurance Manager to protect your business?
Expert Guidance
Get the right policy tailored to your business needs with professional support.
Comprehensive Protection for Your Workforce
Ensure employee well-being with complete health insurance coverage.
Cost-Effective Group Insurance Plans
Affordable plans with benefits like maternity, critical illness, and dependent coverage.
Complete Policy Handling
From documentation to claims, we manage the entire process for you.
Peace of Mind for Employers and Employees
Reduce financial stress with cashless claims and reimbursement options.
Seamless Coverage Updates
Easily adjust your sum insured or coverage as your business grows.
Boost Employee Productivity and Retention
Build loyalty and motivation by easing economic and mental burdens.
Claim Support When It Matters
Quick response and assistance during loss events to minimize downtime.
What does Mega Risk Insurance Policy covers?
| Covered Risks | Fire & Lightning | Explosion / Implosion | Riot, Strike & Malicious Damage | Storm, Cyclone, Flood | Impact Damage | Leakage from Sprinklers | Add-on Options |
|---|---|---|---|---|---|---|---|
| Description | Accidental fire, lightning strike damages | Of boilers, gas cylinders, machinery | Losses caused by civil commotion | Natural calamity damage | From vehicles or falling objects | Included by default | Earthquake, Terrorism, Loss of Profit |
Ideal for These Sectors
Power Plants
Refineries & Petrochemicals
Manufacturing Units
Cement & Sugar Factory
Large Commercial Complexes
Customize Your Mega Risk Insurance
Material Damage
Increased Cost of Working (AICOW)
Machinery Breakdown Loss of Profit
Contamination & Pollution Cleanup
Business Interruption Protection
Environmental Liability Safeguard
Plan Coverage
Comprehensive Property Coverage
Covers building, plant & machinery, furniture on a reinstatement or replacement value basis.
Stock Protection
Covers loss of raw materials, stock in process, and finished goods based on respective cost values.
Terrorism Coverage
Includes terrorism as a compulsory insured peril.
Natural Calamities
Mandatory protection against earthquake, storm, flood, and inundation (STFI).
Accidental External Damage
Covers accidental impact from vehicles, falling trees, or heavy external objects.
Sum Insured Restoration
Allows restoration of original sum insured after a claim, with proportionate premium.
Machinery in Transit for Repairs
Temporary removal of machinery for repairs or cleaning (up to 60 days) is covered.
Waiver for Underinsurance (Up to 15%)
Provides protection from partial underinsurance up to a 15% margin.
Major Exclusions
Intentional or Willful Damage
Losses caused by deliberate, intentional, or fraudulent acts are not covered.
War & Nuclear Risks
Excludes damages caused by war, nuclear radiation, or related hazards.
Pollution and Contamination
Damages due to pollutants or contamination are not included.
Theft & Mysterious Disappearance
Theft or unexplained loss of items like antiques or valuables is excluded unless specified.
Cold Storage Spoilage
Deterioration of stock in cold storage is not covered under this policy.
Loss of Income
Consequential losses, such as loss of earnings or business interruption, are not covered.
Market Value Drop Post-Repair
Reduction in property value after repair or reinstatement is not reimbursed.
Partial Asset Insurance
Policies do not allow insuring part of the asset—full coverage is mandatory.
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When can I Claim?
A claim is valid when the damage or loss is caused by events covered under the policy.
- When your insured property is damaged by fire, earthquake, or natural disasters like flood or storm.
- If your stock is partially or fully damaged due to a covered peril.
- When there is accidental impact from vehicles or falling external objects.
- If machinery or equipment is damaged while on repair (within 60 days).
Claim what’s yours with Insurance Manager
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