Money Insurance

The policy can be taken by any industrial, manufacturing or business concern who periodically draw large sums of money for their day-to day transactions, payment of salaries, one time payments like arrears of pay, bonus etc.,

The policy covers

1. loss of money in transit by the Insured or the Insured's authorised employee(s), occasioned by robbery, theft or any other fortuitous cause.
2. loss of money in safe by burglary, housebreaking, robbery or hold-up

1. Shortage due to error or omission:
2. Riot, strike, terrorism,
3. War and Nuclear group of perils
4. Money entrusted to any person other than the Insured or an authorised employee.
5. Legal liability, consequential loss, theft from an unsecured vehicle
6. Money entrusted to a carrier
7. Loss due to any act in which the Insured is involved as principal or accessory

1. Money kept in till or counter during office hours
2. Overnight keeping of money
3. Infidelity of cash carrying employees
4. Riot and Strike, Terrorism

The premium is charged on Annual Estimated Carrying and the Insured is required to chose the Single Carrying Limit which is limit of Company's liability.