The Shopkeeper Policy from New India Assurance is a comprehensive package designed specifically for small shopkeepers. It combines various insurance needs into a single policy, offering convenience and potentially lower premiums.

Key Features:

• 11 Sections for Tailored Coverage:

  • Fire and Allied Perils (mandatory)
  • Burglary and Housebreaking
  • Money Insurance
  • Pedal Cycles
  • Plate Glass
  • Neon Sign/Glow Sign
  • Baggage Insurance
  • Personal Accident
  • Fidelity Guarantee
  • Public Liability
  • Loss of Profit

• Flexibility: A minimum of four sections must be selected, including Fire and Allied Perils (Section I) and Burglary & Housebreaking (Section II).

• Discounts: Available when selecting four or more sections, including Section I(b) – Fire and Allied Perils.

• Eligibility: Designed for shops with a building and contents value up to ₹10 lakhs. Restaurants, tea/coffee shops, and businesses with significant non-sales activities are generally not eligible.

How to Determine the Sum Insured:

• Building: Insured at market value (depreciated value).
• Contents: Insured at cost price. The sum insured for contents should be the same under Section I and Section II.
• Other Sections: The sum insured for Sections III, V, VI, VII, IX, X, and XI are subject to specific limits based on the sum insured for contents.

This policy offers a convenient and comprehensive insurance solution for small shopkeepers, protecting their businesses from various risks, including fire, theft, liability, and loss of profit.