Page 129 - Fire Insurance Ebook IC 57

The Insurance Times

shops, a loading of 10% shall be charged on the
rates applicable to contents.
(v) Reduction in premium rates for deletion of STFI or
RSMTD perils at the inception of the policy may be
allowed.
(vi) Long term policies with minimum term of 3 years
may be issued to house owners only. Discount
of 15 to 50% is allowed depending on the term
chosen and on advance payment of the entire
premium.

Rates for Industrial/Manufacturing risks are provided
in the Tariff. These rates are uniformly applicable to
the entire insured property in the same industrial
compound.

The rates provided in the Section are for specific
industries.
(i) All processes which are essential and integral to

such industries shall carry the same rate. E.g, Plastic
bottle manufacturing incidental to Aerated water
manufacturing carry the same rate applicable to

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