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This is a policy which covers financial loss incurred by the insured due to loss or damage to machinery as a result of sudden accidental electrical and mechanical breakdown.
It reimburses the insured for the cost of repairs or replacement of machinery of like nature.
The policy covers all kinds of electrical and mechanical breakdown resulting from the following incidents:
The policy can be extended to include the following risks on payment of
In case of any such incident which falls under the scope of the policy, the
following steps should be followed:
Note: Policy details given are indicative, not exhaustive. Please contact your nearest NIA office for further details.
“Insurance is the subject matter of Solicitation” | IRDA Registration Number: 190
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