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Money Insurance
This Policy is intended to protect
offices and industrial / business establishments
against loss of money whilst in transit / kept in
safe. |
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What is
covered : |
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- Money while in direct transit from the
Bank to the Insured's premises or places of
disbursement or vice versa.
- In the personal custody of the Insured
or the authorized employees
- whilst secured in locked safe / strong
room in the Insured's premises
- Personal assault (Optional)
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What is
not covered : |
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- War, civil war and civil
commotion
- Detention or confiscation by customs or
other authorities
- Loss on account of shortage due to
error or omission
- Cash entrusted to unauthorized persons
- Loss not discovered within 48 hours
- Loss from unattended vehicle
- Loss from safe by use of its own or
duplicate key
- Consequential loss
- Loss arising out of the infidelity of
the insured or employees
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