{"uin":"IRDAN125RP0008V01201112","name":"Carbon Credit Insurance","url":"https://indiainsurances.com/policy/hdfc-ergo-general-insurance/carbon-credit-insurance-irdan125rp0008v01201112","insurer":{"slug":"hdfc-ergo-general-insurance","name":"HDFC ERGO General Insurance Company Limited","url":"https://indiainsurances.com/insurer/hdfc-ergo-general-insurance"},"line":"general","category":"other-general","category_name":"Other general insurance","irdai_type":null,"kind":"product","status":"active","approved_on":"2012-03-26","withdrawn_on":null,"summary":"Carbon Credit Insurance indemnifies a registered Clean Development Mechanism project for CDM expenses on non-registration and for delivery failure of CERs caused by covered construction, operational, technical performance or weather events. Claims must be filed within 12 months of the Date of Loss, and the insurer communicates its determination after receiving all required information within no more than forty Business Days.","analysis":{"state":"machine","analysed_at":"2026-10-20 02:42:35.335584+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":"The wording lists coverage sections, but does not state named plan variants.","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 schedule contains blank date fields for the Period of Insurance and coverage sections; no completed policy duration is stated.","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":"The insured must notify the insurer within ten Business Days of material changes or circumstances that may lead to a loss. In the event of a Loss Occurrence, the insured must notify the insurer as soon as reasonably possible.","display":"Within ten Business Days for circumstances that may lead to a loss; Loss Occurrence as soon as reasonably possible","note":null,"quote":"The Insured shall notify the Insurer within ten Business Days of any of the following occurring:\ni) any proposed material changes to the Project that may affect the generation of CER’s; or\nii) any material changes in the external circumstances that are likely to adversely affect the operation and success of the Project or generation of CER’s; or\niii) becoming aware of any circumstances that may lead to a loss. ... In the event of a Loss Occurrence in consequence of which a claim may be made under this Policy the Insured shall\ni) notify the Insurer as soon as reasonably possible","sources":[{"clause":"2.9","heading":"Update and Notification","page":5,"url":"https://indiainsurances.com/policy/hdfc-ergo-general-insurance/carbon-credit-insurance-irdan125rp0008v01201112/document/6887#c-2-9"},{"clause":"2.10","heading":"In the event of a Loss Occurrence","page":5,"url":"https://indiainsurances.com/policy/hdfc-ergo-general-insurance/carbon-credit-insurance-irdan125rp0008v01201112/document/6887#c-2-10"}],"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 particulars of the claim","details of all other insurances covering property used by the Insured at the Project Site","books of account and other business books, vouchers, invoices, balance sheets and other documents, proofs, information, explanation","all reasonable additional evidence the Insurer considers necessary","proof that the Loss Occurrence claimed is insured under this Policy"],"display":"Written claim particulars, other-insurance details, books of account, business books, vouchers, invoices, balance sheets and other documents/proofs/information/explanations, additional evidence, and proof that the Loss Occurrence is insured","note":null,"quote":"deliver to the Insurer in writing particulars of its claim together with details of all other insurances covering property used by the Insured at the Project Site for the purpose of its normal business or any part of it or any resulting consequential loss as soon as reasonably possible. ... deliver to the Insurer such books of account and other business books, vouchers, invoices, balance sheets and other documents, proofs, information, explanation as may reasonably be required by the Insurer for the purpose of investigating or verifying a claim. ... at the request of the Insurer, provide the Insurer for the purpose of investigating, verifying or analysing the validity of the claim, with all reasonable additional evidence the Insurer considers necessary. ... Claims must be filed within twelve months of the Date of Loss, in writing, clearly demonstrating the circumstances of the Loss Occurrence and the events leading up to it, together with proof that the Loss Occurrence claimed is insured under this Policy.","sources":[{"clause":"2.15(i)","heading":null,"page":6,"url":"https://indiainsurances.com/policy/hdfc-ergo-general-insurance/carbon-credit-insurance-irdan125rp0008v01201112/document/6887#c-2-15-i"},{"clause":"2.15(ii)","heading":null,"page":6,"url":"https://indiainsurances.com/policy/hdfc-ergo-general-insurance/carbon-credit-insurance-irdan125rp0008v01201112/document/6887#c-2-15-ii"},{"clause":"2.15(iii)","heading":null,"page":6,"url":"https://indiainsurances.com/policy/hdfc-ergo-general-insurance/carbon-credit-insurance-irdan125rp0008v01201112/document/6887#c-2-15-iii"},{"clause":"2.16","heading":"Filing of a Claim, Assessment of a Claim, Subrogation","page":6,"url":"https://indiainsurances.com/policy/hdfc-ergo-general-insurance/carbon-credit-insurance-irdan125rp0008v01201112/document/6887#c-2-16"}],"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":"After receiving all information required to assess the validity of the claim, the insurer will communicate its determination promptly, and after no more than forty Business Days.","display":"No more than forty Business Days after receiving all information required to assess the validity of the claim","note":null,"quote":"After receiving all information required to assess the validity of the claim, the Insurer will communicate its determination of the claim promptly, but after no more than forty Business Days.","sources":[{"clause":"2.16","heading":"Filing of a Claim, Assessment of a Claim, Subrogation","page":6,"url":"https://indiainsurances.com/policy/hdfc-ergo-general-insurance/carbon-credit-insurance-irdan125rp0008v01201112/document/6887#c-2-16"}],"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":["war (whether before or after outbreak of the hostilities)","controlled or uncontrolled nuclear reaction, nuclear radiation or radioactive contamination","Any government intervention or decree, or change in law, regulation or statute","Failure to obtain, keep up or renew the necessary permits, licences, authorities or approvals","the partial or total revocation of the Kyoto Protocol","willful acts or willful negligence of the Insured or of its representative","Insolvency or financial default of the Insured","failure in the supply of or of key components in the supply of electricity, fuel, gas, oil, power or water","total or partial cessation of work or construction","failure by the Insured or their representatives to comply with applicable environmental, public health and worker safety standards of the World Bank","failure by the Insured or their representatives (i) to comply with the laws of the Project Country","loss of use or occupancy; delay or loss of markets","any actual or alleged spill, discharge, emission, dispersal, seepage, leakage, migration, release or escape","any exposure or circumstance subject to a written or implied guarantee or warranty of any manufacturer or supplier","a Delivery Failure, if an uninsured peril preventing Delivery has occurred or occurs within 60 Business Days of the Delivery Failure"],"display":"War, nuclear hazard, government action, lack of licences, Kyoto Protocol changes/revocation, wilful acts, insolvency/default, supply failures, cessation of work, environmental/public health/worker safety non-compliance, legal/criminal acts, loss of use/delay/loss of markets, pollution, performance guarantees, and effects of uninsured perils within 60 Business Days","note":null,"quote":"The Insurer shall not be liable for Delivery Failure directly or indirectly caused by or arising out of: ... war (whether before or after outbreak of the hostilities) ... controlled or uncontrolled nuclear reaction, nuclear radiation or radioactive contamination ... Any government intervention or decree, or change in law, regulation or statute ... Failure to obtain, keep up or renew the necessary permits, licences, authorities or approvals ... the partial or total revocation of the Kyoto Protocol ... willful acts or willful negligence of the Insured or of its representative. ... Insolvency or financial default of the Insured. ... failure in the supply of or of key components in the supply of electricity, fuel, gas, oil, power or water. ... total or partial cessation of work or construction ... failure by the Insured or their representatives to comply with applicable environmental, public health and worker safety standards of the World Bank ... failure by the Insured or their representatives (i) to comply with the laws of the Project Country ... loss of use or occupancy; delay or loss of markets; penalty for non-completion of, or delay in, completion of contract; non-compliance with contract condition; or fines, penalties, or punitive damages. ... any actual or alleged spill, discharge, emission, dispersal, seepage, leakage, migration, release or escape ... any exposure or circumstance subject to a written or implied guarantee or warranty of any manufacturer or supplier ... a Delivery Failure, if an uninsured peril preventing Delivery has occurred or occurs within 60 Business Days of the Delivery Failure","sources":[{"clause":"3","heading":"General Exclusions","page":7,"url":"https://indiainsurances.com/policy/hdfc-ergo-general-insurance/carbon-credit-insurance-irdan125rp0008v01201112/document/6887#c-3"},{"clause":"3.1","heading":"War and Political Violence","page":7,"url":"https://indiainsurances.com/policy/hdfc-ergo-general-insurance/carbon-credit-insurance-irdan125rp0008v01201112/document/6887#c-3-1"},{"clause":"3.2","heading":"Nuclear Hazard","page":8,"url":"https://indiainsurances.com/policy/hdfc-ergo-general-insurance/carbon-credit-insurance-irdan125rp0008v01201112/document/6887#c-3-2"},{"clause":"3.3","heading":"Government Action","page":8,"url":"https://indiainsurances.com/policy/hdfc-ergo-general-insurance/carbon-credit-insurance-irdan125rp0008v01201112/document/6887#c-3-3"},{"clause":"3.4","heading":"Lack of Licences","page":8,"url":"https://indiainsurances.com/policy/hdfc-ergo-general-insurance/carbon-credit-insurance-irdan125rp0008v01201112/document/6887#c-3-4"},{"clause":"3.5","heading":"Kyoto Protocol","page":8,"url":"https://indiainsurances.com/policy/hdfc-ergo-general-insurance/carbon-credit-insurance-irdan125rp0008v01201112/document/6887#c-3-5"},{"clause":"3.6","heading":"Willful Act","page":8,"url":"https://indiainsurances.com/policy/hdfc-ergo-general-insurance/carbon-credit-insurance-irdan125rp0008v01201112/document/6887#c-3-6"},{"clause":"3.8","heading":"Default","page":8,"url":"https://indiainsurances.com/policy/hdfc-ergo-general-insurance/carbon-credit-insurance-irdan125rp0008v01201112/document/6887#c-3-8"},{"clause":"3.9","heading":"Supply","page":8,"url":"https://indiainsurances.com/policy/hdfc-ergo-general-insurance/carbon-credit-insurance-irdan125rp0008v01201112/document/6887#c-3-9"},{"clause":"3.10","heading":"Cessation of Work","page":8,"url":"https://indiainsurances.com/policy/hdfc-ergo-general-insurance/carbon-credit-insurance-irdan125rp0008v01201112/document/6887#c-3-10"},{"clause":"3.11","heading":"Environment, Public Health and Safety","page":8,"url":"https://indiainsurances.com/policy/hdfc-ergo-general-insurance/carbon-credit-insurance-irdan125rp0008v01201112/document/6887#c-3-11"},{"clause":"3.12","heading":"Compliance with Law, Criminal Acts","page":8,"url":"https://indiainsurances.com/policy/hdfc-ergo-general-insurance/carbon-credit-insurance-irdan125rp0008v01201112/document/6887#c-3-12"},{"clause":"3.14","heading":"Miscellaneous","page":8,"url":"https://indiainsurances.com/policy/hdfc-ergo-general-insurance/carbon-credit-insurance-irdan125rp0008v01201112/document/6887#c-3-14"},{"clause":"3.15","heading":"Pollution","page":8,"url":"https://indiainsurances.com/policy/hdfc-ergo-general-insurance/carbon-credit-insurance-irdan125rp0008v01201112/document/6887#c-3-15"},{"clause":"3.16","heading":"Performance Guarantees","page":9,"url":"https://indiainsurances.com/policy/hdfc-ergo-general-insurance/carbon-credit-insurance-irdan125rp0008v01201112/document/6887#c-3-16"},{"clause":"3.17","heading":"Effects of Uninsured Perils","page":9,"url":"https://indiainsurances.com/policy/hdfc-ergo-general-insurance/carbon-credit-insurance-irdan125rp0008v01201112/document/6887#c-3-17"}],"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":"not-stated","value":null,"display":null,"note":"The wording says the Ombudsman may be approached if the insured is not satisfied with the insurer’s redressal through the above methods, but the first grievance contact or method is not included in the provided clauses.","quote":null,"sources":[],"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":["Project Non-Registration, or of the failure of the Project to be Registered","Delivery Failure occurring during the Construction Period","Delivery Failure occurring during the Operational Period","Performance Failure","Weather Event"],"display":"Project non-registration or failure to be registered, construction-period delivery failure, operational-period delivery failure, performance failure, and weather event","note":null,"quote":"The Insurer agrees to indemnify the Insured for CDM Expenses in the event of Project Non-Registration, or of the failure of the Project to be Registered ... The Insurer agrees to indemnify the Insured for Delivery Failure occurring during the Construction Period stated in clause 1.13 and within the Geographical Limits, caused solely and directly by a loss in respect of which the Insurer has admitted liability under the Construction Period Policy ... The Insurer agrees to indemnify the Insured for Delivery Failure occurring during the Operational Period stated in clause 1.13 and within the Geographical Limits, caused solely and directly by a loss in respect of which the Insurer has admitted liability under the Operational Period Policy ... for the loss of [formula to be agreed] caused solely and directly by Performance Failure occurring during the Period of Insurance and within the Geographical Limits ... for Delivery Failure occurring during the Period of Insurance and within the Geographical Limits, caused solely and directly by a Weather Event","sources":[{"clause":"5","heading":"Pre-registration Period Insuring clause","page":9,"url":"https://indiainsurances.com/policy/hdfc-ergo-general-insurance/carbon-credit-insurance-irdan125rp0008v01201112/document/6887#c-5"},{"clause":"6","heading":"Construction Period Insuring clause","page":9,"url":"https://indiainsurances.com/policy/hdfc-ergo-general-insurance/carbon-credit-insurance-irdan125rp0008v01201112/document/6887#c-6"},{"clause":"7","heading":"Operational Period Insuring clause","page":9,"url":"https://indiainsurances.com/policy/hdfc-ergo-general-insurance/carbon-credit-insurance-irdan125rp0008v01201112/document/6887#c-7"},{"clause":"8.1","heading":"Performance Failure","page":10,"url":"https://indiainsurances.com/policy/hdfc-ergo-general-insurance/carbon-credit-insurance-irdan125rp0008v01201112/document/6887#c-8-1"},{"clause":"9.2","heading":"CER’s","page":11,"url":"https://indiainsurances.com/policy/hdfc-ergo-general-insurance/carbon-credit-insurance-irdan125rp0008v01201112/document/6887#c-9-2"}],"law":[]},{"key":"deductible","label":"Deductible or excess","section":"Limits and co-pay","meaning":"Amount of each claim you bear.","status":"not-stated","value":null,"display":null,"note":"The schedule contains blank deductible fields and percentages, so the amount retained by the insured is not stated.","quote":null,"sources":[],"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 policy is not cancellable by the insured except when a valid claim is made and paid under Section 5, Pre-Registration Period; then the insured receives the Premium multiplied by the Premium Refund Percentage specified in the Schedule.","display":"Not cancellable except after a valid paid Section 5 claim; refund is Premium multiplied by the Premium Refund Percentage specified in the Schedule","note":null,"quote":"The premium stated in clause 1.16 is the minimum and deposit premium payable in full on or before the Inception Date, for the whole Period of Insurance. This Policy is not cancellable except that: ... the Insured may cancel in the event that a valid claim is made and paid under Section 5, Pre-Registration Period, and the Insured shall be entitled to and the Insurer shall immediately pay to the Insured the amount of the Premium multiplied by the Premium Refund Percentage specified in the Schedule.","sources":[{"clause":"2.7","heading":"Payment of Premium, Cancellation","page":5,"url":"https://indiainsurances.com/policy/hdfc-ergo-general-insurance/carbon-credit-insurance-irdan125rp0008v01201112/document/6887#c-2-7"},{"clause":"2.7(b)","heading":null,"page":5,"url":"https://indiainsurances.com/policy/hdfc-ergo-general-insurance/carbon-credit-insurance-irdan125rp0008v01201112/document/6887#c-2-7-b"}],"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 geographical limits schedule fields for Project Site and Project Country are blank, and the insuring clauses only refer to Geographical Limits.","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 covers a Clean Development Mechanism project’s carbon-credit risk: Delivery Failure, meaning failure due to an insured Loss Occurrence to deliver sufficient Contracted CERs or generate scheduled CERs, and CDM Expenses for Project Non-Registration or failure to be Registered.","display":"Clean Development Mechanism project carbon credits: Delivery Failure of Contracted CERs/scheduled CERs and CDM Expenses for Project Non-Registration or failure to be Registered","note":null,"quote":"The design, supply, delivery, construction, erection, testing, commissioning and bringing into full commercial operation of ............................... Project, being a registered project under the Clean Development Mechanism of the Kyoto Protocol ... Certified Emission Reduction or CER shall mean a certificate issued by the executive board of the CDM representing one metric tonne of carbon dioxide equivalent ... Delivery Failure shall mean the Insured’s failure, as the result of a Loss Occurrence insured under this Policy and not otherwise excluded in this Policy, [to Deliver to the CER buyer(s) specified in the ERPA on the Delivery Date sufficient Contracted CER’s to fulfil the contracted amount for that year] or [to generate the number of CER’s specified in clause 1.6 scheduled to be Delivered] ... The Insurer agrees to indemnify the Insured for CDM Expenses in the event of Project Non-Registration, or of the failure of the Project to be Registered","sources":[{"clause":"1.3","heading":"The Project","page":2,"url":"https://indiainsurances.com/policy/hdfc-ergo-general-insurance/carbon-credit-insurance-irdan125rp0008v01201112/document/6887#c-1-3"},{"clause":null,"heading":"Certified Emission Reduction","page":3,"url":"https://indiainsurances.com/policy/hdfc-ergo-general-insurance/carbon-credit-insurance-irdan125rp0008v01201112/document/6887#c-certified-emission-reduction"},{"clause":null,"heading":"Delivery Failure","page":3,"url":"https://indiainsurances.com/policy/hdfc-ergo-general-insurance/carbon-credit-insurance-irdan125rp0008v01201112/document/6887#c-delivery-failure"},{"clause":"5","heading":"Pre-registration Period Insuring clause","page":9,"url":"https://indiainsurances.com/policy/hdfc-ergo-general-insurance/carbon-credit-insurance-irdan125rp0008v01201112/document/6887#c-5"}],"law":[]}],"documents":[{"kind":"wording","label":"Carbon Credit Insurance","pages":14,"fetched_at":"2026-10-17 19:53:15+00","source_url":"https://customer-portal-assets.hdfcergo.com/documents/carbon-credit-insurance-530847400629.pdf","url":"https://indiainsurances.com/policy/hdfc-ergo-general-insurance/carbon-credit-insurance-irdan125rp0008v01201112/document/6887"},{"kind":"wording","label":"Carbon Credit (IRDAI copy)","pages":23,"fetched_at":"2026-10-20 00:14:49+00","source_url":"https://irdai.gov.in/documents/37343/993134/27_Carbon+Credit+-+Policy+Wording_GEN540.pdf/1417ac05-e663-661d-7e81-8ced19be6fc7?version=1.1&t=1668250485123&download=true","url":"https://indiainsurances.com/policy/hdfc-ergo-general-insurance/carbon-credit-insurance-irdan125rp0008v01201112/document/22893"}],"versions":[{"uin":"HDE-OT-P12-73-V01-11-12","version":null,"approved_on":null},{"uin":"IRDAN125RP0008V01201112","version":null,"approved_on":null}],"where_to_buy":[{"purpose":"buy","kind":"insurer","name":"HDFC ERGO General Insurance official website","url":"https://www.hdfcergo.com/","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":"Claim intimation and process","url":"https://www.hdfcergo.com/claim/register-bike-insurance-claim/cashless-claims","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.hdfcergo.com/customer-voice/grievances","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 car insurance","url":"https://www.hdfcergo.com/renew-car-insurance","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":"Carbon Credit Insurance (UIN IRDAN125RP0008V01201112), IndiaInsurances, https://indiainsurances.com/policy/hdfc-ergo-general-insurance/carbon-credit-insurance-irdan125rp0008v01201112"}