Fire Insurance in India
Fire insurance business in India is governed by the All India Fire Tariff that lays down the terms of coverage, the premium rates and the conditions of the fire policy. The fire insurance policy has been renamed as "Standard Fire and Special Perils Policy". The risks covered are as follows:
- Dwellings, offices, shops, hospitals:
- Industrial, manufacturing risks
- Utilities located outside industrial/manufacturing risks
- Machinery and accessories
- Storage risks outside the compound of industrial risks
- Tank farms/gas holders located outside the compound of industrial risks
Read more about this topic: Property Insurance
Famous quotes containing the words fire, insurance and/or india:
“You can much sooner dry you by such a fire as you can make in the woods than in anybody’s kitchen, the fireplace is so much larger, and wood so much more abundant.”
—Henry David Thoreau (1817–1862)
“Before I get through with you, you will have a clear case for divorce and so will my wife. Now, the first thing to do is arrange for a settlement. You take the children, your husband takes the house, Junior burns down the house, you take the insurance and I take you!”
—S.J. Perelman, U.S. screenwriter, Arthur Sheekman, Will Johnstone, and Norman Z. McLeod. Groucho Marx, Monkey Business, terms for a divorce settlement proposed while trying to woo Lucille Briggs (Thelma Todd)
“There exists no politician in India daring enough to attempt to explain to the masses that cows can be eaten.”
—Indira Gandhi (1917–1984)