A suite of solutions for a safer and secure future
Jewellers Block Insurance Policy
Our Jewellers Block Insurance policy is specially designed for jewellers…
Fidelity Guarantee Insurance Policy
This policy is designed to indemnify the Insured (the employer)…
Jewellers Block Insurance Policy
Our Jewellers Block Insurance policy is specially designed for jewellers and specialist jewellers such as diamantaires (diamond dealers), pearlers (pearl traders) and antique jewellery dealers.
Scope
The policy comprises four sections which are optional except for Section I which is compulsory.
Section 1
Covers loss or damage to jewellery , gold and silver ornaments or plates , pearls, precious stones, cash and currency notes whilst contained in the premises insured, by fire,explosion, lightning,burglary,house breaking, theft, hold up, robbery, riot, strike and malicious damage.
Section 2
Covers loss or damage to jewellery, gold etc. as described in Section I whilst it is in the custody of the insured, his/her partners, employees, directors, sorters of diamonds or whilst such property (excluding cash and currency notes) is in the custody of brokers, agents, cutters and goldsmiths.
Section 3
Covers loss or damage to property described in Section I whilst in transit by registered parcel post, air freight or through unofficial couriers (Angadias).
Section 4
Covers loss or damage to trade and office furniture and fixtures in insured premises due to fire, explosion, lightning, burglary, house breaking, theft, hold up, robbery, riot, strike and malicious damage.
Who should take the policy?
The policy can be taken by jewellers who are wholesalers or retailers. The policy cannot be given to establishments whose work is predominantly manufacturing like cutters and goldsmiths. The policy also cannot be given to jewellery couriers, brokers or pawn brokers etc.
How to select the sum insured?
The sum insured under Section 1 and 2 should represent the cost price of the jewellery items. The sum insured under Section 3 should represent the maximum loss likely, arising out of any one incident. The sum insured under Section 4 should represent the market value of the property.
Please fill out the Proposal Form below. One of our agents will be in touch with you shortly.
Cash Insurance Policy
This policy provides cover for loss of money in transit between the insured’s premises and other specified places as well as for loss of money in the business premises, safe or vault, etc
Unless otherwise stated, CASH would mean Bank Notes, Current Coins, Cheques, Postal & Money orders and Current Postage Stamps.
Coverage
Policy shall indemnify the insured for loss of cash due to any reason except that the cause comes under one of the Exception. In other words it is an ALL RISKS POLICY.
Items Covered
The Policy Schedule provides for coverage under different items which normally relate to the following: Cash in Safe and Transit for amounts relating to payment of wages and salaries.
A few Exclusions are listed below
Please refer to the main policy for full comprehensive list of exclusions.
Please fill out the Proposal Form below. One of our agents will be in touch with you shortly.
Fidelity Guarantee Insurance Policy
This policy is designed to indemnify the Insured (the employer) for the loss of money or property sustained as a direct result of acts of fraud, theft or dishonesty by an employee. Such acts include FORGERY, EMBEZZLEMENT, LARCENY or FRAUDULENT CONVERSION of money or goods of the employer.
The Policy is issued for a fixed period of one year but is extended to a DISCOVERY PERIOD as under:
“Loss due to above but discovered within six calendar months of the expiry of the policy in case of death, dismissal or retirement of the employee, whichever of these events shall happen first”
Policies can be issued as under:
Special Features
A few Exclusions are listed below
Please refer to the main policy for full comprehensive list of exclusions.
Please fill out the Proposal Form below. One of our agents will be in touch with you shortly.
Professional Indemnity Insurance Policy
This insurance is specially designed to cover the legal liability arising out of the profession of the insured individual or the insured Company / Firm due to professional misconduct or acts of negligence / omission or commission resulting into monetary loss to insured’s clients.
The Policy covers legal costs and expenses incurred as well damages that may be awarded, if you are alleged to have provided inadequate advice or services that causes your client to lose money.
Risks Covered
A few Exclusions are listed below
Please refer to the main policy for full comprehensive list of exclusions.
Please fill out the Proposal Form below. One of our agents will be in touch with you shortly.
Group Personal Accident
Let’s face it. No matter what safety precautions you may have in place, accidents will happen and can result in disablement, loss of limbs or even death of your employees.
Oriental Insurance offers Group Personal Accident Insurance for just such events as it covers any principal or employee specified in the schedule against death or disability due to an accident.
This policy provides compensation in the event of insured sustaining injuries, solely and directly from an accident caused by violent, visible and external means, resulting into death or disablement be it temporary or permanent.
There are also some additional benefits available without payment of additional premium like such as reimbursement of expenses for the repatriation of the dead body.
Details on what our Group Personal Accident Insurance Policy covers.
The policy is to provide compensation in the event of accidental injuries and death. What are termed as capital sums are paid in the event of death or certain specified injuries, such as the loss of limbs or sight as may be defined in the policy.
A typical benefits schedule will be as shown below:
| No | SECTIONS | WHAT IS COVERED |
|---|---|---|
| 1 | Accidental Death | 100% of the sum insured |
| 2 | Permanent Total Disability | 100% of the sum insured |
| 3 | Loss of 2 limbs, 2 eyes or one limb and one eye (Permanent Partial Disability). | 100% of the sum insured |
| 4 | Loss of one limb or one eye (Permanent Partial Disability) | 50% of the sum insured |
| 5 | Other permanent disabilities as per Scale given in the Policy | As per schedule given in the Policy |
| 6 | Temporary total disabilities due to accident not resulting into any of the above | 1% of the sum insured per week for 52 weeks. Maximum Benefit 100% of Sum Insured |
| 7 | Medical Expenses (Diseases and sickness not covered) | The policy shall cover medical expenses upto Dhs.5,000/- per person/per year for treatment of accidental injuries in hospital and clinics. |
| 8 | Repatriation Expenses (In case of death only) | Actual expenses payable upto maximum Dhs. 7,500/- per person. |
The cover will be on World Wide/ 24 hours basis.
This policy provides compensation in the event of insured sustaining injuries, solely and directly from an accident.
What is not covered under Personal Accident Policy.
In the interest of complete transparency, which is one of our main principles towards gaining customer trust and loyalty, we would like to bring to your kind attention the following ‘exclusions’ under this policy.
