Bharat Laghu Udyam Suraksha Policy
Secure Your Business with IRDAI-Standardized Coverage for SMEs
The Bharat Laghu Udyam Suraksha Policy provides comprehensive protection for small and medium enterprises (valued between ₹5 crore and ₹50 crore). It safeguards your building, plant & machinery, stocks, raw materials, and other business assets from unforeseen risks such as fire, explosion, natural calamities, burglary, and more.
This policy ensures that your business operations remain uninterrupted even during emergencies by offering financial coverage for property damage, stock loss, and additional expenses incurred during reinstatement.
Key Benefits
- All-in-one protection for building, machinery & stock
- Covers fire, explosion, storm, flood, and natural calamities
- Financial assistance for repairing, replacing damaged property
- Covers removal of debris and professional fees
- Simple documentation & quick policy issuance
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What is Bharat Laghu Udyam Suraksha Policy?
The Bharat Laghu Udyam Suraksha Policy is an IRDAI-standardized property insurance plan for businesses with assets valued between ₹5–50 crore. It offers reliable protection for your building, machinery, stock, and other assets against risks like fire, natural calamities, and accidental damage.
Why do you need Bharat Laghu Udyam Suraksha 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 Bharat Sookshma Udyam Suraksha Policy cover and exclude?
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.
Your Journey to Insurance Manager
When can I Claim?
You can raise a claim under Bharat Laghu Udyam Suraksha Policy when:
- Your building, machinery, or stock suffers damage due to fire or explosion.
- Loss occurs due to natural disasters like floods, storms, or cyclones.
- Electrical short-circuit results in fire damage.
- Your insured property suffers accidental physical damage.
Claim what’s yours with Insurance Manager
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