IRDAI License Number: IRDAI/INT/ISNP/2022/250

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Workman Definition

The aim of the workmen’s compensation act is to offer workmen and their family members or dependents relief in case of accidents which happen during the course of employment resulting in disablement or death of workmen.This offers for payment by certain categories of employers for their workmen compensation in case...

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How a claim is settled under Workmen's Compensation Insurance Policy?

The Employee's Compensation Act, 1923 is one of the important social security legislations. Employees’ compensation policy cover the statutory liability of the insured from on-the-job injuries, fatalities and work related illnesses suffered by insured’s employees in the course of employment.  Employees or Workmen compensation insurance is essential for every employer...

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ODC Cargo

An ODC cargo is a shipment where the length, breadth or height is more than the standard container dimension (high cube, Reefer). There are specially designed containers or special equipment to carry the ODC. Usually Over dimensional cargo is transported in flat racks and open tops. The cargo bigger than...

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Per Sending Limit

The per sending limit signifies the maximum amount or value the insurance company shall pay in case of loss or series of loss occurring out of a particular single shipment or consignment. If the policy has an add-on of extra coverage of duty on imports the per sending limit will...

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Per Location Limit

The Limit per Location signifies the maximum amount the Insurance Company shall pay in the event of a loss or series of losses arising out of an event respectively at any one place or location. If in the event of loss or series of losses occurring out of one particular...

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