Terms and conditions apply*
Terms and Conditions apply*
Get Bharat Laghu Udyam Suraksha Policy Online for your Commercial Property
Bharat Laghu Udyam Suraksha policy is a type of insurance policy that is designed to cover a shop's property and all its content. The policy applies for a sum insured above Rs.5 crores and up to Rs.50 crores. It was introduced by the Insurance Regulatory and Development Authority of India (IRDAI) in April 2021.
Why is the policy needed?
The Go Digit, Bharat Laghu Udyam Suraksha policy ensures that your insured property is covered against unforeseen losses/damages and unplanned expenses. It also provides you with peace of mind knowing that your property is covered against any loss covered by the policy.
Who should buy Bharat Laghu Udyam Suraksha policy?
Individuals running a family business - A policy of Bharat Laghu Udyam Suraksha is needed by individuals who have a family business in place. It ensures that the shop is protected, and in case of any untoward situation, the losses are covered.
Shopkeepers – Individuals who run independent shops across a selective line of products need the Bharat Laghu Udyam Suraksha policy. It protects them against the risk of suffering financial losses in their business.
Individuals owning multiple shops – The policy can be bought by individuals who own numerous shops. It will ensure that you don't have to face any unexpected financial losses that affect stability of the business and protect goods kept in the shops.
Individuals running high-risk businesses – Those who run high-risk enterprises need to have Bharat Laghu Udyam policy as they are exposed to dangers like fire, and other risks.
What's covered under Bharat Laghu Udyam Suraksha policy?
The policy offers coverage for physical loss or damage to the insured property because of factors like
What’s not Covered?
The policy, however, does not cover loss or damage caused to the insured property. The exclusions are listed below: