{"uin":"IRDAN106CP0005V01202324","name":"Advance Loss of Profit Policy","url":"https://indiainsurances.com/policy/iffco-tokio-general-insurance/advance-loss-of-profit-policy-irdan106cp0005v01202324","insurer":{"slug":"iffco-tokio-general-insurance","name":"IFFCO TOKIO General Insurance Company Limited","url":"https://indiainsurances.com/insurer/iffco-tokio-general-insurance"},"line":"general","category":"other-general","category_name":"Other general insurance","irdai_type":null,"kind":"product","status":"active","approved_on":null,"withdrawn_on":null,"summary":"Advance Loss of Profit Policy indemnifies loss of gross profit from reduced turnover and increased cost of working when covered EAR/CAR material damage delays commencement of the insured business. Claim notice must be immediate with written confirmation within forty-eight hours, and claims are subject to a Time Excess based on the Schedule.","analysis":{"state":"machine","analysed_at":"2026-10-20 04:45:13.518051+00","note":"First pass: one AI reading; every stated fact carries a verbatim quote found in the cited clause, but it has not been reviewed. Check the clause before relying on it."},"facts":[{"key":"plan_variants","label":"Plans and variants","section":"Overview","meaning":"The named plans inside this product (not cover types or payout options). Facts can differ between them.","status":"not-stated","value":null,"display":null,"note":null,"quote":null,"sources":[],"law":[]},{"key":"policy_term","label":"Policy term","section":"Eligibility","meaning":"How long one policy runs before it ends or must be renewed.","status":"not-stated","value":null,"display":null,"note":"The policy says the period is stated in the Schedule and terminates on the Schedule date or earlier when the EAR/CAR Material Damage cover ceases; no fixed duration is printed in the provided documents.","quote":null,"sources":[],"law":[]},{"key":"claim_intimation","label":"Claim intimation deadline","section":"Claims","meaning":"How soon you must tell the insurer about a claim or hospitalisation.","status":"quote-verified","value":"Immediately by telephone, email or facsimile, with written confirmation within forty-eight hours of the occurrence.","display":"Immediately by telephone, email or facsimile; written confirmation within forty-eight hours of the occurrence","note":null,"quote":"The Insured shall immediately notify the Insurer by telephone or email or facsimile and send them written confirmation thereof within forty-eight hours of the occurrence;","sources":[{"clause":"11(a)","heading":null,"page":4,"url":"https://indiainsurances.com/policy/iffco-tokio-general-insurance/advance-loss-of-profit-policy-irdan106cp0005v01202324/document/8812#c-11-a-5"}],"law":[{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 20, 21","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"claim_documents","label":"Claim documents","section":"Claims","meaning":"Documents the insurer asks for when you claim.","status":"quote-verified","value":["written statement setting forth particulars of his claim","books of account and other business books, e.g., invoices, balance sheets","other documents, proofs, information, explanations or other evidence","statutory declaration of the truth of the claim and of any matters connected therewith, if required"],"display":"Written claim statement; books of account and business books such as invoices and balance sheets; other documents, proofs, information, explanations or evidence; statutory declaration if required","note":null,"quote":"the Insured shall at his own expense deliver to the Insurers not later than thirty days after the delay or within such further periods as the Insurer may allow, in writing a written statement setting forth particulars of his claim. Further, the Insured shall at his own expense produce and furnish to the Insurer such books of account and other business books, e.g., invoices, balance sheets and other documents, proofs, information, explanations or other evidence as may reasonably be required by the Insurer for the purpose of investigating or verifying the claim, together with-if required -a statutory declaration of the truth of the claim and of any matters connected therewith.","sources":[{"clause":"11(c)","heading":null,"page":4,"url":"https://indiainsurances.com/policy/iffco-tokio-general-insurance/advance-loss-of-profit-policy-irdan106cp0005v01202324/document/8812#c-11-c-5"}],"law":[{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 17","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 22","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 23","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.3(iii)","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"claim_settlement_time","label":"Claim settlement time promised","section":"Claims","meaning":"How quickly the policy says a claim is decided or paid, and from when that is counted (intimation or last document).","status":"quote-verified","value":"The indemnity is payable one month after final determination of its amount. The insured may claim advance payments one month after the insurer has been duly notified of the loss and has acknowledged liability.","display":"Payable one month after final determination; advance payments may be claimed one month after notice of loss and acknowledgement of liability","note":"Payment may be postponed if there are doubts as to the insured’s right to receive payment until proof is furnished, or if police or criminal investigations against the insured have been initiated until completion. The insurer is not liable for interest on withheld indemnity money other than interest for default.","quote":"The indemnity shall be payable one month after final determination of its amount. Notwithstanding the above, the Insured may, one month after the Insurer has been duly notified of the loss and have acknowledged their liability, claim as advance payment(s) the minimum amount(s) payable under the prevailing circumstances under this Policy. ... If there are doubts as to the Insured’s right to receive payment, until the necessary proof is furnished to the satisfaction of the Insurer; ... If, as a result of any loss or damage or any delay to the Scheduled Date of Commencement of the Insured Business, police or criminal investigations have been initiated against the Insured, until the completion of such investigations. The Insurers shall not be liable to pay interest on indemnity moneys withheld other than interest for default.","sources":[{"clause":"11(c)","heading":null,"page":4,"url":"https://indiainsurances.com/policy/iffco-tokio-general-insurance/advance-loss-of-profit-policy-irdan106cp0005v01202324/document/8812#c-11-c-5"},{"clause":"11(a)","heading":null,"page":5,"url":"https://indiainsurances.com/policy/iffco-tokio-general-insurance/advance-loss-of-profit-policy-irdan106cp0005v01202324/document/8812#c-11-a-6"},{"clause":"11(b)","heading":null,"page":5,"url":"https://indiainsurances.com/policy/iffco-tokio-general-insurance/advance-loss-of-profit-policy-irdan106cp0005v01202324/document/8812#c-11-b-6"}],"law":[{"title":"The Insurance Act, 1938","section":"Section 64UM(4) to (6)","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on General Insurance Business, 2024","section":"Ch I, Para 10","url":"https://indiainsurances.com/law/irdai-general-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 15","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 16","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 22","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.3(i), V.3(ii)","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.3(iii)","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.4","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 23","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"The Motor Vehicles Act, 1988: Chapter XI, insurance of motor vehicles against third party risks","section":"Section 149","url":"https://indiainsurances.com/law/motor-vehicles-act-1988"}]},{"key":"exclusions_main","label":"Main exclusions","section":"Exclusions","meaning":"What the policy does not pay for, in the policy's own words.","status":"quote-verified","value":["Loss or damage not covered under Section 1 of EAR/CAR Material Damage Policy, unless it has been specifically agreed in writing, by way of endorsement","Earthquake, volcanic eruption, tsunami, unless it has been specifically agreed in writing","Loss of or damage to surrounding property, construction machinery, plant and equipment","Loss of or damage to operating media or feedstock, shortage, destruction, deterioration of or damage to any materials necessary for the Insured business","Any restrictions imposed by a public authority","Non-availability of funds","Alterations, additions, improvements, rectification of defects or faults or elimination of any deficiencies carried out after the occurrence","Loss or damage to items taken over or taken into use by the Insured or for which cover under the Section 1 of underlying EAR/CAR Material Damage Policy has ceased","Claims/circumstances made prior to the inception of the Policy","Any loss due to fines or damages for breach of contract, for late or non-completion of orders, or for any penalties of whatever nature","Loss of business due to causes such as suspension, lapse or cancellation of a lease, licence or order, etc. which occurs after the date of actual commencement of the business","Loss of or damage to erection work of a prototype nature, unless specifically agreed by endorsement","war, invasion, act of foreign enemy, hostilities or warlike operations (whether war be declared or not), civil war","ionizing radiations or radioactive contamination from any nuclear fuel or nuclear waste or from the combustion of nuclear fuel","Terrorism Damage Exclusion Warranty"],"display":"Loss/damage not covered under EAR/CAR; earthquake, volcanic eruption or tsunami unless agreed; surrounding property or equipment; operating media/feedstock/materials; public authority restrictions; non-availability of funds; post-occurrence alterations or defect rectification; items taken over or no longer covered; prior claims/circumstances; fines, damages and penalties; lease/licence/order suspension; prototype erection work; war; nuclear/radioactive contamination; terrorism","note":null,"quote":"1.1 Loss or damage not covered under Section 1 of EAR/CAR Material Damage Policy, unless it has been specifically agreed in writing, by way of endorsement; 1.2 Earthquake, volcanic eruption, tsunami, unless it has been specifically agreed in writing; 1.3 Loss of or damage to surrounding property, construction machinery, plant and equipment; 1.4 Loss of or damage to operating media or feedstock, shortage, destruction, deterioration of or damage to any materials necessary for the Insured business; 1.5 Any restrictions imposed by a public authority; 1.6 Non-availability of funds; 1.7 Alterations, additions, improvements, rectification of defects or faults or elimination of any deficiencies carried out after the occurrence; 1.8 Loss or damage to items taken over or taken into use by the Insured or for which cover under the Section 1 of underlying EAR/CAR Material Damage Policy has ceased; ... Claims/circumstances made prior to the inception of the Policy or arising out of, based upon or attributable to any circumstance that, as of the inception of the Policy, may reasonably have been expected by Insured to give rise to a claim. ... Any loss due to fines or damages for breach of contract, for late or non-completion of orders, or for any penalties of whatever nature; ... Loss of business due to causes such as suspension, lapse or cancellation of a lease, licence or order, etc. which occurs after the date of actual commencement of the business; ... Loss of or damage to erection work of a prototype nature, unless specifically agreed by endorsement. ... a) war, invasion, act of foreign enemy, hostilities or warlike operations (whether war be declared or not), civil war. ... a) ionizing radiations or radioactive contamination from any nuclear fuel or nuclear waste or from the combustion of nuclear fuel. ... Terrorism Damage Exclusion Warranty Notwithstanding any provision to the contrary within this insurance it is agreed that this insurance excludes loss, damage cost or expense of whatsoever nature directly or indirectly caused by, resulting from or in connection with any act of terrorism regardless of any other cause or event contributing concurrently or in any other sequence to the loss.","sources":[{"clause":null,"heading":"II. Specific Exclusion","page":2,"url":"https://indiainsurances.com/policy/iffco-tokio-general-insurance/advance-loss-of-profit-policy-irdan106cp0005v01202324/document/8812#c-ii-specific-exclusion"},{"clause":"11(a)","heading":null,"page":3,"url":"https://indiainsurances.com/policy/iffco-tokio-general-insurance/advance-loss-of-profit-policy-irdan106cp0005v01202324/document/8812#c-11-a"},{"clause":"11(a)","heading":null,"page":3,"url":"https://indiainsurances.com/policy/iffco-tokio-general-insurance/advance-loss-of-profit-policy-irdan106cp0005v01202324/document/8812#c-11-a-2"},{"clause":"11(c)","heading":null,"page":3,"url":"https://indiainsurances.com/policy/iffco-tokio-general-insurance/advance-loss-of-profit-policy-irdan106cp0005v01202324/document/8812#c-11-c-2"}],"law":[{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 11","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 16","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"grievance","label":"Grievance route","section":"Claims","meaning":"Who to complain to first, as stated in the policy, before going to the Insurance Ombudsman.","status":"quote-verified","value":"For grievances, the insured may contact IFFCO-Tokio through its grievance website, toll-free number 1800-103-5499, email support@iffcotokio.co.in, courier to the Chief Grievance Officer, or a company branch. If not satisfied with redressal through those methods, the insured may contact the grievance officer at chiefgrievanceofficer@iffcotokio.co.in.","display":"Contact IFFCO-Tokio via grievance website, 1800-103-5499, support@iffcotokio.co.in, courier to Chief Grievance Officer, or branches; if not satisfied, email chiefgrievanceofficer@iffcotokio.co.in","note":null,"quote":"In case of any grievance, the insured person may contact Us through:\nWebsite: | https://www.iffcotokio.co.in/contact-us/customer-services/grievance-redressal\nToll free: | 1800-103-5499\nE-mail: | support@iffcotokio.co.in\nCourier: | Chief Grievance Officer\nIFFCO-Tokio General Insurance Co Ltd IFFCO Tower, Plot no. 3 Sector -29, Gurgaon – 122001\nInsured person may also approach the grievance cell at any of the company’s branches with the details of grievance. The list of branches with addresses are available at https://www.iffcotokio.co.in/contact-us If Insured person is not satisfied with the redressal of grievance through one of the above methods, insured person may contact the grievance officer at chiefgrievanceofficer@iffcotokio.co.in","sources":[{"clause":null,"heading":"22. GRIVEANCE OR COMPLAINT:-","page":7,"url":"https://indiainsurances.com/policy/iffco-tokio-general-insurance/advance-loss-of-profit-policy-irdan106cp0005v01202324/document/8812#c-22-griveance-or-complaint"}],"law":[{"title":"Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021","section":"Rule 3","url":"https://indiainsurances.com/law/consumer-jurisdiction-rules-2021"},{"title":"Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021","section":"Rule 4","url":"https://indiainsurances.com/law/consumer-jurisdiction-rules-2021"},{"title":"Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021","section":"Rule 5","url":"https://indiainsurances.com/law/consumer-jurisdiction-rules-2021"},{"title":"The Consumer Protection Act, 2019","section":"Section 2(11)","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Consumer Protection Act, 2019","section":"Section 2(42)","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Consumer Protection Act, 2019","section":"Section 34","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Consumer Protection Act, 2019","section":"Section 69","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Insurance Act, 1938","section":"Section 38","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on General Insurance Business, 2024","section":"Ch I, Para 12","url":"https://indiainsurances.com/law/irdai-general-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 19","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 20","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 13","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 2","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 5(5), 5(6)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 5(9)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 25","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, VI.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, VI.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, VI.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 26","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule III, Para 11","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"Review of revision in premium rates under health insurance policies for senior citizens, 2025","section":"Para 3","url":"https://indiainsurances.com/law/irdai-senior-premium-2025"},{"title":"Insurance Ombudsman Rules, 2017","section":"Rule 13","url":"https://indiainsurances.com/law/ombudsman-rules-2017"},{"title":"Insurance Ombudsman Rules, 2017","section":"Rule 14","url":"https://indiainsurances.com/law/ombudsman-rules-2017"}]},{"key":"perils","label":"What is covered","section":"Cover","meaning":"The events or risks covered.","status":"quote-verified","value":["loss of gross profit actually sustained due to the reduction in turnover","increased cost of working"],"display":"Loss of Gross Profit and Increased Cost of Working caused by covered EAR/CAR material damage that delays commencement or interferes with insured business","note":"Cover applies only when insured items suffer loss or damage covered under the underlying Section 1 of the EAR/CAR Material Damage Policy, causing the delay or interference.","quote":"the Insurer shall indemnify the Insured as mentioned in the Schedule of this Policy - in respect of the loss of gross profit actually sustained due to the reduction in turnover and / or increased cost of working as defined in this Policy , if at any time during the period of insurance stated in the Schedule to this Policy any or all the insured items suffer loss or damage covered under the underlying Section 1 of Erection All Risk (EAR) / Contractors All Risk (CAR) Material Damage Policy number mentioned on the Schedule, unless specifically excluded in this Policy, thereby causing an interference in the construction/erection work and/or testing schedule resulting in a delay of commencement of and/or interference with the insured business","sources":[{"clause":null,"heading":"Advance Loss of Profit Policy Policy Wording UIN: IRDAN106CP0005V01202324","page":1,"url":"https://indiainsurances.com/policy/iffco-tokio-general-insurance/advance-loss-of-profit-policy-irdan106cp0005v01202324/document/8812#c-advance-loss-of-profit-policy-policy-wording-uin"}],"law":[]},{"key":"deductible","label":"Deductible or excess","section":"Limits and co-pay","meaning":"Amount of each claim you bear.","status":"quote-verified","value":"The policy applies a Time Excess: the period stated in the Schedule for which the insurer is not liable. The corresponding amount is calculated by multiplying the average daily value of loss sustained during the indemnity period by the number of days agreed as the time excess.","display":"Time Excess stated in the Schedule; amount equals average daily loss during indemnity period multiplied by agreed days","note":"The actual number of days is schedule-specific.","quote":"The period stated in the Schedule to this Policy for which the Insurer is not liable. The corresponding amount shall be calculated by multiplying the average daily value of loss sustained during the indemnity period by the number of days agreed upon as the time excess.","sources":[{"clause":"4","heading":"Time Excess","page":1,"url":"https://indiainsurances.com/policy/iffco-tokio-general-insurance/advance-loss-of-profit-policy-irdan106cp0005v01202324/document/8812#c-4"}],"law":[]},{"key":"cancellation_refund","label":"Cancellation by you","section":"Renewal and rights","meaning":"What you get back if you cancel during the year.","status":"quote-verified","value":"The insured may cancel during the policy period by giving thirty days’ written notice. Premium is refunded on a short period scale based on project period elapsed, but no refund is made if a claim or any event giving rise to a claim has occurred before the cancellation date.","display":"Thirty days’ written notice; short-period refund with premium retention of 20%, 40%, 60%, 70% or 85% depending on project period elapsed; no refund if a claim/event has occurred","note":null,"quote":"The policy may also be cancelled by the insured during the policy period by giving thirty days’ notice in writing to the Insurer. The Insurer shall allow refund of premium on short period scale as given below, corresponding to the project period elapsed (excluding maintenance period) as on date of cancellation. However, no refund shall be made in case a claim or any event giving rise to a claim has occurred before date of cancellation.\nProject Period Elapsed (Period excluding maintenance Period) | Premium Retention (of total ALOP premium received)\nNot exceeding 10% | 20%\nNot exceeding 25% | 40%\nNot exceeding 40% | 60%\nNot exceeding 50% | 70%\nNot exceeding 75% | 85%","sources":[{"clause":"11(c)","heading":null,"page":6,"url":"https://indiainsurances.com/policy/iffco-tokio-general-insurance/advance-loss-of-profit-policy-irdan106cp0005v01202324/document/8812#c-11-c-6"}],"law":[{"title":"The Insurance Act, 1938","section":"Section 64VB","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on General Insurance Business, 2024","section":"Ch I, Para 8","url":"https://indiainsurances.com/law/irdai-general-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 6","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 5","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 17","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 20(3) to 20(5)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, III.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, IV.4","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, IV.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"territory","label":"Where it covers","section":"Overview","meaning":"Geographic area of cover: India only, worldwide, or listed countries. 'As stated in the schedule' is not an answer.","status":"not-stated","value":null,"display":null,"note":"The documents do not print a geographic territory for the base cover.","quote":null,"sources":[],"law":[]},{"key":"subject_covered","label":"What is insured","section":"Cover","meaning":"The thing or risk this policy covers.","status":"quote-verified","value":"The policy insures the insured’s loss of gross profit actually sustained due to reduction in turnover and/or increased cost of working when insured items suffer covered loss or damage under the underlying EAR/CAR Material Damage Policy, causing delay in commencement of or interference with the insured business.","display":"Loss of gross profit from reduced turnover and/or increased cost of working due to covered EAR/CAR material damage causing delay or interference with insured business","note":null,"quote":"the Insurer shall indemnify the Insured as mentioned in the Schedule of this Policy - in respect of the loss of gross profit actually sustained due to the reduction in turnover and / or increased cost of working as defined in this Policy , if at any time during the period of insurance stated in the Schedule to this Policy any or all the insured items suffer loss or damage covered under the underlying Section 1 of Erection All Risk (EAR) / Contractors All Risk (CAR) Material Damage Policy number mentioned on the Schedule, unless specifically excluded in this Policy, thereby causing an interference in the construction/erection work and/or testing schedule resulting in a delay of commencement of and/or interference with the insured business","sources":[{"clause":null,"heading":"Advance Loss of Profit Policy Policy Wording UIN: IRDAN106CP0005V01202324","page":1,"url":"https://indiainsurances.com/policy/iffco-tokio-general-insurance/advance-loss-of-profit-policy-irdan106cp0005v01202324/document/8812#c-advance-loss-of-profit-policy-policy-wording-uin"}],"law":[]}],"documents":[{"kind":"wording","label":"Advance Loss of Profit Policy","pages":18,"fetched_at":"2026-10-17 19:49:22+00","source_url":"https://www.iffcotokio.co.in/content/dam/iffcotokio/policy-wordings/business/advance_loss_profit_policy_wording.pdf","url":"https://indiainsurances.com/policy/iffco-tokio-general-insurance/advance-loss-of-profit-policy-irdan106cp0005v01202324/document/8812"},{"kind":"prospectus","label":"Advance Loss of Profit Policy","pages":2,"fetched_at":"2026-10-17 19:48:54+00","source_url":"https://www.iffcotokio.co.in/content/dam/iffcotokio/prospectus/other-insurance/advance_loss_profit_prospectus.pdf","url":"https://indiainsurances.com/policy/iffco-tokio-general-insurance/advance-loss-of-profit-policy-irdan106cp0005v01202324/document/8786"}],"versions":[],"where_to_buy":[{"purpose":"buy","kind":"insurer","name":"IFFCO TOKIO General Insurance official website","url":"https://www.iffcotokio.co.in/","note":"Buy directly from the insurer."},{"purpose":"buy","kind":"ours","name":"Get free help from IndiaInsurances","url":"/help","note":"Free. We do not sell insurance and earn no commission; your request is not passed to anyone."}],"claims_and_complaints":[{"purpose":"claim","kind":"insurer","name":"Claims","url":"https://www.iffcotokio.co.in/claims","note":null},{"purpose":"claim","kind":"insurer","name":"Register a claim","url":"https://www.iffcotokio.co.in/claims/register-a-claim","note":null},{"purpose":"claim","kind":"ours","name":"Get free help from IndiaInsurances","url":"/help","note":"Free. We do not sell insurance and earn no commission; your request is not passed to anyone."},{"purpose":"grievance","kind":"insurer","name":"Grievance redressal","url":"https://www.iffcotokio.co.in/contact-us/customer-services/grievance-redressal","note":null},{"purpose":"grievance","kind":"official","name":"Bima Bharosa (IRDAI grievance portal)","url":"https://bimabharosa.irdai.gov.in/","note":"Register and track a complaint against any insurer with IRDAI. Complain to the insurer first; escalate here if the reply is late or unsatisfactory."},{"purpose":"grievance","kind":"official","name":"e-Daakhil (consumer commission e-filing)","url":"https://edaakhil.nic.in/","note":"Not reachable from our crawler on 2026-10-19; use e-Jagriti if this link does not open."},{"purpose":"grievance","kind":"official","name":"e-Jagriti (consumer commission filing)","url":"https://e-jagriti.gov.in/","note":"Ministry of Consumer Affairs platform for consumer commission cases, a route for insurance disputes that the Ombudsman does not settle."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Ahmedabad","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Gujarat, Dadra & Nagar Haveli, Daman and Diu. Email: oio.ahmedabad@cioins.co.in. Phone: 079 - 25501201/02. Address: Office of the Insurance Ombudsman, Jeevan Prakash Building, 6th floor, Tilak Marg, Relief Road, AHMEDABAD – 380 001."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Bengaluru","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Karnataka. Email: oio.bengaluru@cioins.co.in. Phone: 080 - 26652048 / 26652049. Address: Office of the Insurance Ombudsman, Jeevan Soudha Building,PID No. 57-27-N-19 Ground Floor, 19/19, 24th Main Road, JP Nagar, Ist Phase, Bengaluru – 560 078."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Bhopal","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Madhya Pradesh, Chhattisgarh. Email: oio.bhopal@cioins.co.in. Phone: 0755 - 2769201 / 2769202 / 2769203. Address: Office of the Insurance Ombudsman, 1st floor,\"Jeevan Shikha\", 60-B,Hoshangabad Road, Opp. Gayatri Mandir,Arera Hills Bhopal – 462 011."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Bhubaneswar","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Odisha. Email: oio.bhubaneswar@cioins.co.in. Phone: 0674 - 2596461 /2596455/2596429/2596003. Address: Office of the Insurance Ombudsman, 62, Forest park, Bhubaneswar – 751 009."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Chandigarh","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Punjab, Haryana (excluding Gurugram, Faridabad, Sonepat and Bahadurgarh), Himachal Pradesh, Union Territories of Jammu & Kashmir,Ladakh & Chandigarh. Email: oio.chandigarh@cioins.co.in. Phone: 0172-2706468. Address: Office Of The Insurance Ombudsman, Jeevan Deep Building SCO 20-27, Ground Floor Sector- 17 A, Chandigarh – 160 017."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Chennai","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Tamil Nadu, PuducherryTown and Karaikal (which are part of Puducherry). Email: oio.chennai@cioins.co.in. Phone: 044 - 24333668 / 24333678. Address: Office of the Insurance Ombudsman, Fatima Akhtar Court, 4th Floor, 453, Anna Salai, Teynampet, CHENNAI – 600 018."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Delhi","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Delhi & following Districts of Haryana - Gurugram, Faridabad, Sonepat & Bahadurgarh. Email: oio.delhi@cioins.co.in. Phone: 011 - 46013992/23213504/23232481. Address: Office of the Insurance Ombudsman, 2/2 A, Universal Insurance Building, Asaf Ali Road, New Delhi – 110 002."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Guwahati","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Assam, Meghalaya, Manipur, Mizoram, Arunachal Pradesh, Nagaland and Tripura. Email: oio.guwahati@cioins.co.in. Phone: 0361 - 2632204 / 2602205 / 2631307. Address: Office of the Insurance Ombudsman, Jeevan Nivesh, 5th Floor, Near Pan Bazar , S.S. Road, Guwahati – 781001(ASSAM)."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Hyderabad","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Andhra Pradesh, Telangana, Yanam and part of Union Territory of Puducherry. Email: oio.hyderabad@cioins.co.in. Phone: 040 - 23312122 / 23376991 / 23376599 / 23328709 / 23325325. Address: Office of the Insurance Ombudsman, 6-2-46, 1st floor, \"Moin Court\", Lane Opp.Hyundai Showroom , A. C. Guards, Lakdi-Ka-Pool, Hyderabad - 500 004."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Jaipur","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Rajasthan. Email: oio.jaipur@cioins.co.in. Phone: 0141- 2740363. Address: Office of the Insurance Ombudsman, Jeevan Nidhi – II Bldg., Gr. Floor, Bhawani Singh Marg, Jaipur - 302 005."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Kochi","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Kerala, Lakshadweep, Mahe-a part of Union Territory of Puducherry. Email: oio.ernakulam@cioins.co.in. Phone: 0484 - 2358759. Address: Office of the Insurance Ombudsman, 10th Floor, Jeevan Prakash,LIC Building, Opp to Maharaja's College Ground,M.G.Road, Kochi - 682 011."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Kolkata","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: West Bengal, Sikkim, Andaman & Nicobar Islands. Email: oio.kolkata@cioins.co.in. Phone: 033 - 22124339 / 22124341. Address: Office of the Insurance Ombudsman, Hindustan Bldg. Annexe, 7th Floor, 4, C.R. Avenue, KOLKATA - 700 072."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Lucknow","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Districts of Uttar Pradesh : Lalitpur, Jhansi, Mahoba, Hamirpur, Banda, Chitrakoot, Allahabad, Mirzapur, Sonbhabdra, Fatehpur, Pratapgarh, Jaunpur,Varanasi, Gazipur, Jalaun, Kanpur, Lucknow, Unnao, Sitapur, Lakhimpur, Bahraich, Barabanki, Raebareli, Sravasti, Gonda, Faizabad, Amethi, Kaushambi, Balrampur, Basti, Ambedkarnagar, Sultanpur, Maharajgang, Santkabirnagar, Azamgarh, Kushinagar, Gorkhpur, Deoria, Mau, Ghazipur, Chandauli, Ballia, Sidharathnagar. Email: oio.lucknow@cioins.co.in. Phone: 0522 - 4002082 / 3500613. Address: Office of the Insurance Ombudsman, 6th Floor, Jeevan Bhawan, Phase-II, Nawal Kishore Road, Hazratganj, Lucknow - 226 001."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Mumbai","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: List of wards under Mumbai Metropolitan Region excluding wards in Mumbai – i.e M/E, M/W, N , S and T covered under Office of Insurance Ombudsman Thane and excluding areas of Navi Mumbai. Email: oio.mumbai@cioins.co.in. Phone: 022 - 69038800/27/29/31/32/33. Address: Office of the Insurance Ombudsman, 3rd Floor, Jeevan Seva Annexe, S. V. Road, Santacruz (W), Mumbai - 400 054."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Noida","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: State of Uttarakhand and the following Districts of Uttar Pradesh: Agra, Aligarh, Bagpat, Bareilly, Bijnor, Budaun, Bulandshehar, Etah, Kannauj, Mainpuri, Mathura, Meerut, Moradabad, Muzaffarnagar, Oraiyya, Pilibhit, Etawah, Farrukhabad, Firozbad, Gautam Buddh nagar, Ghaziabad, Hardoi, Shahjahanpur, Hapur, Shamli, Rampur, Kashganj, Sambhal, Amroha, Hathras, Kanshiramnagar, Saharanpur. Email: oio.noida@cioins.co.in. Phone: 0120-4027589. Address: Office of the Insurance Ombudsman, Bhagwan Sahai Palace 4th Floor, Main Road, Naya Bans, Sector 15, Distt: Gautam Buddh Nagar, U.P-201301."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman: offices and jurisdiction","url":"https://www.cioins.co.in/Ombudsman","note":"Addresses, phone numbers, e-mail and the states or districts each Ombudsman office covers."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Patna","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Bihar, Jharkhand. Email: oio.patna@cioins.co.in. Phone: 0612-2547068. Address: Office of the Insurance Ombudsman, 2nd Floor, Lalit Bhawan, Bailey Road, Patna 800 001."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Pune","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: State of Goa and State of Maharashtra excluding areas of Navi Mumbai, Thane district,Palghar District, Raigad district & Mumbai Metropolitan Region. Email: oio.pune@cioins.co.in. Phone: 020-24471175. Address: Office of the Insurance Ombudsman, Jeevan Darshan Bldg., 3rd Floor, C.T.S. No.s. 195 to 198, N.C. Kelkar Road, Narayan Peth, Pune – 411 030."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman: register a complaint online","url":"https://cioins.co.in/Complaint/Online","note":"Council for Insurance Ombudsmen. Free. For disputes with an insurer after its own grievance process; the office is chosen by where you live (see the offices list)."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Thane","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Area of Navi Mumbai, Thane District, Raigad District, Palghar District and wards of Mumbai , M/East, M/West, N, S and T. Email: oio.thane@cioins.co.in. Phone: 022-20812868/69. Address: Office of the Insurance Ombudsman, Jeevan Chintamani Building, 2nd Floor,Near New RTO Office, Louis Wadi,Vasantrao Naik Mahamarg, Thane (West)- 400604."},{"purpose":"grievance","kind":"official","name":"National Consumer Helpline","url":"https://consumerhelpline.gov.in/public/","note":"Government consumer helpline; can take up a complaint before you go to a consumer commission."},{"purpose":"port","kind":"ours","name":"Get free help from IndiaInsurances","url":"/help","note":"Free. We do not sell insurance and earn no commission; your request is not passed to anyone."},{"purpose":"renew","kind":"insurer","name":"Renew policy","url":"https://www.iffcotokio.co.in/renew-policy","note":null}],"notice":"Information, not advice. IndiaInsurances is not an insurer or an insurance intermediary, does not sell insurance and earns no commission. Policy terms change and your own policy schedule can differ: always confirm with the policy document and the insurer before you buy or claim.","cite_as":"Advance Loss of Profit Policy (UIN IRDAN106CP0005V01202324), IndiaInsurances, https://indiainsurances.com/policy/iffco-tokio-general-insurance/advance-loss-of-profit-policy-irdan106cp0005v01202324"}