Money Insurance

Cover which indemnifies the insured against loss of money. Money includes Currency coins / Currency notes, cheques, postal orders and current postage stamps.

Money in Transit

• Covers Loss of money in transit by authorized employee(s) due to robbery, theft or any other fortuitous cause.
• Insured can opt it on Annual cash carrying limit
• Per sending limit to be specified in the policy.

Exclusions:

• Intercity Transits & Transit via public transport
• Theft of money from unattended vehicle
• Error or omission
• Loss by any person other than the insured, or employee of the insured
• Consequential loss
• Act of Terrorism
• Gross Negligence

Money in Safe

• Loss of, or damage to, money or valuables caused by burglary and / or attempted burglary
• Provided money and/or valuables are contained in a domestic safe or vault which is protected
• by appropriate and adequate security measures

Money at Counter

• Loss / theft of money from cash counter during business hours from the cash collection counter in the office /insured premises.
• Premium is charged on Sum insured declared by the customer. Cash must be shifted into safe after business hours

Exclusions:

• Error or omission
• Loss by any person other than the Insured, or Employee of the Insured
• Consequential Loss
• Act of Terrorism
• Cash kept in counter post business hours