{"uin":"IRDAN144CPLB0005V01202627","name":"SBI General Merger & Acquisition Insurance","url":"https://indiainsurances.com/policy/sbi-general-insurance/sbi-general-merger-and-acquisition-insurance-irdan144cplb0005v01202627","insurer":{"slug":"sbi-general-insurance","name":"SBI General Insurance Company Limited","url":"https://indiainsurances.com/insurer/sbi-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":"SBI General Merger & Acquisition Insurance is a warranty and indemnity insurance policy for Qualifying Loss from Insured Events in M&A transactions. The prospectus states a Minimum 7 Yrs to Maximum 10 Yrs non renewable product, and the policy schedule states Territory: India.","analysis":{"state":"machine","analysed_at":"2026-10-20 05:45:14.847685+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":"No named plan variants are specified in the documents.","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":"quote-verified","value":"Minimum 7 Yrs to Maximum 10 Yrs; non renewable product.","display":"Minimum 7 Yrs to Maximum 10 Yrs, non renewable","note":null,"quote":"Minimum 7 Yrs to Maximum 10 Yrs, This is non renewable product","sources":[{"clause":null,"heading":"What is covered under the Policy?","page":1,"url":"https://indiainsurances.com/policy/sbi-general-insurance/sbi-general-merger-and-acquisition-insurance-irdan144cplb0005v01202627/document/15303#c-what-is-covered-under-the-policy"}],"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":"Upon Discovery, the Insured must give written notice to the Insurer no later than 30 Business Days after Discovery and before the Expiry Date, or no later than ten (10) Business Days after the end of the Policy Period if Discovery occurred in the last twenty (20) Business Days.","display":"No later than 30 Business Days after Discovery; if Discovery occurs in the last 20 Business Days, no later than 10 Business Days after the policy period ends","note":null,"quote":"Upon Discovery the Insured shall give written notice, signed by the Insured’s Representative, to the Insurer, no later than 30 Business Days after such Discovery and 4.1.1 prior to the Expiry Date of the relevant Policy Period, or 4.1.2 no later than ten (10) Business Days after the end of the relevant Policy Period if the Discovery occurred in the twenty (20) Business Days prior to the end of the relevant Policy Period.","sources":[{"clause":null,"heading":"4 NOTIFICATION PROVISIONS","page":8,"url":"https://indiainsurances.com/policy/sbi-general-insurance/sbi-general-merger-and-acquisition-insurance-irdan144cplb0005v01202627/document/15325#c-4-notification-provisions"}],"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":["facts matters and circumstances relating to the Discovery","the Insured Obligations involved","an estimate of the amount of Loss","copies of all correspondence and documentation available in connection with any notice","relevant documentation and information of the Insured","such other information and assistance"],"display":"facts matters and circumstances; Insured Obligations involved; estimate of Loss; correspondence and documentation; relevant documentation and information; other information and assistance","note":null,"quote":"4.1.3 The notice shall describe, to the best of the Insured’s Actual Knowledge, after reasonable enquiry, the facts matters and circumstances relating to the Discovery in sufficient detail to allow the Insurer to assess the relevant notice, including to the extent available as of the date of the notice, the following: 4.1.3.1 the Insured Obligations involved, and 4.1.3.2 an estimate of the amount of Loss arising out of the facts, matters and circumstances notified. ... provide the Insurer with copies of all correspondence and documentation available in connection with any notice and to the extent possible afford the Insurer sufficient time in which to review and comment on such documentation; ... grant the Insurer access to the relevant documentation and information of the Insured and, to the extent reasonably practicable, the Target Group relevant to the Third Party Demand or Insured Event provided the Insurer shall cooperate in good faith with the Insured to ensure and preserve the privileged or confidential status of any information shared in connection with this Policy; ... provide the Insurer with such other information and assistance in connection with any Third Party Demand or Insured Event as the Insurer may reasonably request.","sources":[{"clause":null,"heading":"4 NOTIFICATION PROVISIONS","page":8,"url":"https://indiainsurances.com/policy/sbi-general-insurance/sbi-general-merger-and-acquisition-insurance-irdan144cplb0005v01202627/document/15325#c-4-notification-provisions"},{"clause":"4.4.2","heading":null,"page":8,"url":"https://indiainsurances.com/policy/sbi-general-insurance/sbi-general-merger-and-acquisition-insurance-irdan144cplb0005v01202627/document/15325#c-4-4-2"},{"clause":"4.4.3","heading":null,"page":8,"url":"https://indiainsurances.com/policy/sbi-general-insurance/sbi-general-merger-and-acquisition-insurance-irdan144cplb0005v01202627/document/15325#c-4-4-3"},{"clause":"4.4.7","heading":null,"page":9,"url":"https://indiainsurances.com/policy/sbi-general-insurance/sbi-general-merger-and-acquisition-insurance-irdan144cplb0005v01202627/document/15325#c-4-4-7"}],"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 Insurer must respond as soon as reasonably practicable, and in any event no more than thirty (30) Business Days after the notice is delivered. If it requests additional information, the thirty (30) Business Day time limit applies after receipt of that information.","display":"Response within 30 Business Days after notice is delivered; if additional information is requested, 30 Business Days after receipt","note":null,"quote":"As soon as reasonably practicable after the Insurer receives a notice under Clause 5(A)above, but in any event no more than thirty (30) Business Days after the notice is delivered to the Insurer by the Insured, the Insurer shall respond: ... following receipt of which the thirty (30) Business Day time limit in this Clause 5(B) shall apply;","sources":[{"clause":null,"heading":"4.2 Insurer’s response","page":8,"url":"https://indiainsurances.com/policy/sbi-general-insurance/sbi-general-merger-and-acquisition-insurance-irdan144cplb0005v01202627/document/15325#c-4-2-insurers-response"}],"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":["Fraud, fraudulent misrepresentation or intentional breach of law","Insured Event or Circumstance Discovered by any Transaction Team Member prior to the Inception Date","warranties or indemnities marked as “Exclude” in the Cover Spreadsheet","fact, matter or circumstance which has been Disclosed in the SPA, Buyer Due Diligence or Disclosure Material","price adjustment provisions","estimate, projection, forward looking statement or financial forecast","actual, alleged or threatened presence of Asbestos","violation of the Bribery Legislation or equivalent law","violation of amended Prevention of Money Laundering Act 2002or any Anti-Money Laundering Legislation","funding deficit or other breach of the Target Group’s funding obligations under any pension fund","Tax which is primarily the liability of a party other than a member of the Target Group","non-availability of any tax relief or tax losses","application of transfer pricing legislation","amount owned to any person in respect of or in lieu of Annual Leave","physical condition of the Property"],"display":"Fraud; prior knowledge; excluded or partially covered obligations; disclosed matters; price adjustment; forward looking statements; Asbestos; Bribery; Money Laundering; pension under funding; secondary tax liability; tax relief; transfer pricing; annual leave; condition of property","note":null,"quote":"The Insurer shall not be liable for any Loss arising out of, based upon or attributable to: ... 3.1.1 Fraud, fraudulent misrepresentation or intentional breach of law by the Insured or any Transaction Team Member. ... Any Insured Event or Circumstance Discovered by any Transaction Team Member prior to the Inception Date ... 3.3.1 Any breach of any warranties or indemnities marked as “Exclude” in the Cover Spreadsheet ... Any fact, matter or circumstance which has been Disclosed in the SPA, Buyer Due Diligence or Disclosure Material. ... Any price adjustment provisions (whether following the Completion date or not) in the SPA other than adjustments to price in respect of Insured Events. ... Any estimate, projection, forward looking statement or financial forecast ... The actual, alleged or threatened presence of Asbestos in any form whatsoever ... Any violation of the Bribery Legislation or equivalent law ... Any violation of amended Prevention of Money Laundering Act 2002or any Anti-Money Laundering Legislation ... Any funding deficit or other breach of the Target Group’s funding obligations under any pension fund ... Any Tax which is primarily the liability of a party other than a member of the Target Group ... The non-availability of any tax relief or tax losses ... The application of transfer pricing legislation ... Any amount owned to any person in respect of or in lieu of Annual Leave ... The physical condition of the Property","sources":[{"clause":null,"heading":"EXCLUSIONS","page":6,"url":"https://indiainsurances.com/policy/sbi-general-insurance/sbi-general-merger-and-acquisition-insurance-irdan144cplb0005v01202627/document/15325#c-exclusions"},{"clause":null,"heading":"3.1 Fraud","page":6,"url":"https://indiainsurances.com/policy/sbi-general-insurance/sbi-general-merger-and-acquisition-insurance-irdan144cplb0005v01202627/document/15325#c-3-1-fraud"},{"clause":null,"heading":"3.2 Knowledge","page":6,"url":"https://indiainsurances.com/policy/sbi-general-insurance/sbi-general-merger-and-acquisition-insurance-irdan144cplb0005v01202627/document/15325#c-3-2-knowledge"},{"clause":null,"heading":"3.3 Non Covered warranties and indemnities","page":6,"url":"https://indiainsurances.com/policy/sbi-general-insurance/sbi-general-merger-and-acquisition-insurance-irdan144cplb0005v01202627/document/15325#c-3-3-non-covered-warranties-and-indemnities"},{"clause":null,"heading":"3.4 Disclosure","page":6,"url":"https://indiainsurances.com/policy/sbi-general-insurance/sbi-general-merger-and-acquisition-insurance-irdan144cplb0005v01202627/document/15325#c-3-4-disclosure"},{"clause":null,"heading":"3.5 Price Adjustment","page":6,"url":"https://indiainsurances.com/policy/sbi-general-insurance/sbi-general-merger-and-acquisition-insurance-irdan144cplb0005v01202627/document/15325#c-3-5-price-adjustment"},{"clause":null,"heading":"3.6 Forward looking statements","page":6,"url":"https://indiainsurances.com/policy/sbi-general-insurance/sbi-general-merger-and-acquisition-insurance-irdan144cplb0005v01202627/document/15325#c-3-6-forward-looking-statements"},{"clause":null,"heading":"3.7 Asbestos","page":6,"url":"https://indiainsurances.com/policy/sbi-general-insurance/sbi-general-merger-and-acquisition-insurance-irdan144cplb0005v01202627/document/15325#c-3-7-asbestos"},{"clause":null,"heading":"3.8 Bribery","page":6,"url":"https://indiainsurances.com/policy/sbi-general-insurance/sbi-general-merger-and-acquisition-insurance-irdan144cplb0005v01202627/document/15325#c-3-8-bribery"},{"clause":null,"heading":"3.9 Money Laundering","page":6,"url":"https://indiainsurances.com/policy/sbi-general-insurance/sbi-general-merger-and-acquisition-insurance-irdan144cplb0005v01202627/document/15325#c-3-9-money-laundering"},{"clause":null,"heading":"3.10 Pension under funding","page":6,"url":"https://indiainsurances.com/policy/sbi-general-insurance/sbi-general-merger-and-acquisition-insurance-irdan144cplb0005v01202627/document/15325#c-3-10-pension-under-funding"},{"clause":null,"heading":"3.11 Secondary tax liability","page":6,"url":"https://indiainsurances.com/policy/sbi-general-insurance/sbi-general-merger-and-acquisition-insurance-irdan144cplb0005v01202627/document/15325#c-3-11-secondary-tax-liability"},{"clause":null,"heading":"3.12 Tax relief","page":7,"url":"https://indiainsurances.com/policy/sbi-general-insurance/sbi-general-merger-and-acquisition-insurance-irdan144cplb0005v01202627/document/15325#c-3-12-tax-relief"},{"clause":null,"heading":"3.13 Transfer pricing","page":7,"url":"https://indiainsurances.com/policy/sbi-general-insurance/sbi-general-merger-and-acquisition-insurance-irdan144cplb0005v01202627/document/15325#c-3-13-transfer-pricing"},{"clause":null,"heading":"3.14 Annual leave","page":7,"url":"https://indiainsurances.com/policy/sbi-general-insurance/sbi-general-merger-and-acquisition-insurance-irdan144cplb0005v01202627/document/15325#c-3-14-annual-leave"},{"clause":null,"heading":"3.15 Condition of property","page":7,"url":"https://indiainsurances.com/policy/sbi-general-insurance/sbi-general-merger-and-acquisition-insurance-irdan144cplb0005v01202627/document/15325#c-3-15-condition-of-property"}],"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":"First, the policy says to write to head.customercare@sbigeneral.in or gro@sbigeneral.in, or call 1800 102 1111. Bima Bharosa is also stated as an alternative regulator platform before escalation to the Insurance Ombudsman.","display":"Write to head.customercare@sbigeneral.in or gro@sbigeneral.in, or call 1800 102 1111; Bima Bharosa is also an alternative","note":null,"quote":"If you wish to register your grievances directly with us, you may write to us at head.customercare@sbigeneral.in or gro@sbigeneral.in or call our toll free number- 1800 102 1111. After examining the matter, final response would be conveyed within a period of 14 days from the date of receipt of your complaint. ... Alternatively, you may Register your grievance with the regulator through Bima Bharosa which is a grievance redressal platform provided by the Insurance Regulatory and Development Authority of India (IRDAI).","sources":[{"clause":"5.30","heading":"Grievance redressal procedure","page":12,"url":"https://indiainsurances.com/policy/sbi-general-insurance/sbi-general-merger-and-acquisition-insurance-irdan144cplb0005v01202627/document/15325#c-5-30"}],"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":["Qualifying Loss where an Insured Event or the Circumstances giving rise to an Insured Event are first Discovered","breach on the part of the Seller of any of the warranties forming part of the Insured Obligations","materialisation of a right on the part of the Insured to seek an indemnity pursuant to the terms of the SPA"],"display":"Qualifying Loss from an Insured Event first Discovered during the Policy Period, including breach of covered seller warranties or a right to indemnity under the SPA","note":null,"quote":"Subject to the maximum Limit of Liability, the Insurer shall pay to or on behalf of the Insured any Qualifying Loss where an Insured Event or the Circumstances giving rise to an Insured Event are first Discovered by the Insured during the Policy Period and reported in accordance with the notification provisions. ... Means 2.29.1 any breach on the part of the Seller of any of the warranties forming part of the Insured Obligations, and/or 2.29.2 the materialisation of a right on the part of the Insured to seek an indemnity pursuant to the terms of the SPA, to the extent such indemnity forms part of the Insured Obligations.","sources":[{"clause":null,"heading":"INSURING AGREEMENT","page":3,"url":"https://indiainsurances.com/policy/sbi-general-insurance/sbi-general-merger-and-acquisition-insurance-irdan144cplb0005v01202627/document/15325#c-insuring-agreement"},{"clause":null,"heading":"2.29 Insured Event","page":4,"url":"https://indiainsurances.com/policy/sbi-general-insurance/sbi-general-merger-and-acquisition-insurance-irdan144cplb0005v01202627/document/15325#c-2-29-insured-event"}],"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 specimen schedule refers to De minimis and Retention amounts, but the INR amounts are blank and therefore the amount the insured bears 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":"not-stated","value":null,"display":null,"note":"The policy wording lists cancellation provisions where the insurer has no liability from inception, but does not state a cancellation right by the insured or any refund scale.","quote":null,"sources":[],"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":"quote-verified","value":"India","display":"Territory: India","note":null,"quote":"Territory: India","sources":[{"clause":"4.2.5","heading":null,"page":1,"url":"https://indiainsurances.com/policy/sbi-general-insurance/sbi-general-merger-and-acquisition-insurance-irdan144cplb0005v01202627/document/15325#c-4-2-5"}],"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 Qualifying Loss payable to or on behalf of the Insured where an Insured Event or its Circumstances are first Discovered during the Policy Period. Insured Event means breach by the Seller of covered warranties or the insured’s right to seek indemnity under the SPA, to the extent the indemnity forms part of Insured Obligations.","display":"Qualifying Loss from covered seller warranty breaches or indemnity rights under the SPA","note":null,"quote":"Subject to the maximum Limit of Liability, the Insurer shall pay to or on behalf of the Insured any Qualifying Loss where an Insured Event or the Circumstances giving rise to an Insured Event are first Discovered by the Insured during the Policy Period and reported in accordance with the notification provisions. ... Means 2.29.1 any breach on the part of the Seller of any of the warranties forming part of the Insured Obligations, and/or 2.29.2 the materialisation of a right on the part of the Insured to seek an indemnity pursuant to the terms of the SPA, to the extent such indemnity forms part of the Insured Obligations.","sources":[{"clause":null,"heading":"INSURING AGREEMENT","page":3,"url":"https://indiainsurances.com/policy/sbi-general-insurance/sbi-general-merger-and-acquisition-insurance-irdan144cplb0005v01202627/document/15325#c-insuring-agreement"},{"clause":null,"heading":"2.29 Insured Event","page":4,"url":"https://indiainsurances.com/policy/sbi-general-insurance/sbi-general-merger-and-acquisition-insurance-irdan144cplb0005v01202627/document/15325#c-2-29-insured-event"}],"law":[]}],"documents":[{"kind":"wording","label":"SBI General Merger & Acquisition Insurance Policy Wordings","pages":32,"fetched_at":"2026-10-16 04:29:00+00","source_url":"https://content.sbigeneral.in/uploads/SBI_General_Merger_and_Acquisition_Insurance_Policy_Wording_4f25c38629.pdf","url":"https://indiainsurances.com/policy/sbi-general-insurance/sbi-general-merger-and-acquisition-insurance-irdan144cplb0005v01202627/document/15150"},{"kind":"wording","label":"SBI General Merger & Acquisition Insurance Policy Wordings","pages":14,"fetched_at":"2026-10-17 20:05:39+00","source_url":"https://content.sbigeneral.in/uploads/SBI_General_Merger_and_Acquisition_Insurance_Wording_b470e87ad0.pdf","url":"https://indiainsurances.com/policy/sbi-general-insurance/sbi-general-merger-and-acquisition-insurance-irdan144cplb0005v01202627/document/15325"},{"kind":"prospectus","label":"SBI General Merger & Acquisition Insurance Prospectus","pages":1,"fetched_at":"2026-10-17 20:04:44+00","source_url":"https://content.sbigeneral.in/uploads/SBI_General_Merger_and_Acquisition_Insurance_Prospectus_cdf0c209b9.pdf","url":"https://indiainsurances.com/policy/sbi-general-insurance/sbi-general-merger-and-acquisition-insurance-irdan144cplb0005v01202627/document/15303"}],"versions":[],"where_to_buy":[{"purpose":"buy","kind":"insurer","name":"SBI General Insurance official website","url":"https://www.sbigeneral.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":"Health claims","url":"https://www.sbigeneral.in/claim/health","note":null},{"purpose":"claim","kind":"insurer","name":"Home claims","url":"https://www.sbigeneral.in/claim/home","note":null},{"purpose":"claim","kind":"insurer","name":"Motor claims","url":"https://www.sbigeneral.in/claim/motor","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.sbigeneral.in/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":"Policy renewal","url":"https://www.sbigeneral.in/policy-renewal","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":"SBI General Merger & Acquisition Insurance (UIN IRDAN144CPLB0005V01202627), IndiaInsurances, https://indiainsurances.com/policy/sbi-general-insurance/sbi-general-merger-and-acquisition-insurance-irdan144cplb0005v01202627"}