Bharat Laghu Udyam Suraksha Policy Online

property-insurance
property-insurance
usp icon

Zero

Documentation

usp icon

Quick Claim

Process

usp icon

Affordable

Premium

Terms and Conditions apply*

Zero Paperwork. Get Instant Policy
Select Property Type
Enter Valid Pincode
+91
Please enter valid mobile number
I agree to the Terms & Conditions
background-illustration
usp icon

Zero

Documentation

usp icon

Quick Claim

Process

usp icon

Affordable

Premium

Terms and Conditions apply*

background-illustration

What is Bharat Laghu Udyam Suraksha policy?

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

Theft within seven days from occurrence

The policy covers loss suffered due to theft in the shop if reported within seven days from its occurrence.

Fire

Damage caused to the shop or its contents because of fire due to natural heating or spontaneous combustion.

Natural calamities

The policy will cover damage caused to the shop due to earthquakes, lightning, volcanic eruptions, storm, tsunami, flood, cyclone, etc.

Explosion/Implosion

Damage to the shop or financial loss incurred by the policyholder because of an explosion or implosion is covered by the policy.

Due to impact/collision

Damage caused by impact or collision with physical objects like falling trees, vehicles, aircraft, etc. is covered by the policy.

Due to strikes, riots, missile testing, and acts of terrorism

Any damage caused to the shop and its contents because of missile testing operations and things like riots, strikes, and acts of terrorism is also covered by Bharat Laghu Udyam Suraksha policy.

What’s not Covered?

The policy, however, does not cover loss or damage caused to the insured property. The exclusions are listed below:

The burning of the insured property by order of any public authority is not covered.

Implosion/explosion caused by centrifugal force or caused to boilers, economizers, machinery or apparatus where steam is generated. 

Damage caused by normal cracking, settlement of new structures, movement of the made-up ground, erosion, defective materials, repair, or structural alterations of any property.

Damage caused by pressure waves because of aircraft or other aerial/space devices at sonic/supersonic speeds.

Loss or damage due to total or partial cessation of work or the retardation/interruption/cessation of any process or omissions. 

Damage caused during removal or extension of any sprinkler installation.

Types of plans available

Only Content

This type of plan covers only the contents located in the shop.

Both Building and Content

Under this plan, the shop's building and the contents inside the shop are covered.

Only Building

The plan only protects the shop's building and the cash located inside it.

Types of shops covered.

Shop dealing in smartphones and electronics

The policy protects businesses which sell mobile phones, mobile accessories, or other electronics. It covers the store and its primary contents from potential loss and damage.

Kirana stores

Bharat Laghu Udyam Suraksha policy can be bought by Kirana shop owners or budget-friendly supermarkets as the policy offers coverage to them.

Manufacturing plants

Factories and mills used to manufacture the final product of the business are also covered by the policy.

Lifestyle and Fitness

The policy also covers businesses which deal with lifestyle and fitness. 

Healthcare

The policy covers businesses in the healthcare sector. This includes hospitals, clinics, diagnostic centers and pharmacies.

Home Repair Services

Businesses that offer repair services that include carpentry, plumbing repairs, motor garages, and engineering works are covered by the policy.

Restaurants and Food Courts

The policy also covers all kinds of businesses that deal with food. It can include cafes, restaurant chains, and bakeries.

Offices and Educational Spaces

The policy suits office premises and educational institutions. It ensures that such properties are protected against losses.

FAQs about Bharat Laghu Udyam Suraksha Policy in India