Page 380 - Fire Insurance Ebook IC 57

Fire and Consequential Loss Insurance

(iii) Machinery Breakdown, Boiler explosion and
Electronic Equipment Insurance @ 0.25%o.

(iv) Business Interruption following fire etc. Tariff
rates less 10%.

(v) Business Interruption following Machinery
Breakdown.

(vi) Tariff rates.

Discounts Available - The following discounts are
available :
(i) Claims Experience Discounts - After the

operation of the IAR Policy for 2 years, discounts
upto 25% are provided for. For adverse loss
experience, higher excess will be imposed at the
discretion of the TAC.
(ii) Discount for Higher Deductions - The policy is
subject to specified compulsory deductibles.
However, the insured can opt for higher deductibles,
for which slabs of discount on the premium rate
have been prescribed:

Material Damage Claims: Discount
393
Deductible:

Sashi Publications - www.sashipublications.com

Copyright@ The Insurance Times. 09883398055 / 09883380339