{"uin":"IRDAN150CP0005V01201314","name":"Large Risk","url":"https://indiainsurances.com/policy/liberty-general-insurance/large-risk-irdan150cp0005v01201314","insurer":{"slug":"liberty-general-insurance","name":"Liberty General Insurance Limited","url":"https://indiainsurances.com/insurer/liberty-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":"Large Risk is a package policy for industrial, manufacturing risks, service providers, utilities and similar risks with sum insured above Rs. 2500 Cr. at one location for material damage and business interruption. It has six sections covering property damage, machinery, business interruption, inland transit, commercial general liability and terrorism.","analysis":{"state":"machine","analysed_at":"2026-10-20 05:29:23.663362+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 printed; the documents describe sections or coverages, which are cover types rather than plans.","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 defines Policy Period by reference to the commencement date and expiry date shown in the Schedule, but no fixed term is printed.","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":"For Section I or II losses, give written notice as soon as practicable but not later than 30 days after the event. For business interruption, immediately notify the insurer and send written confirmation within forty-eight hours of the occurrence.","display":"As soon as practicable, but not later than 30 days; for business interruption, immediately with written confirmation within forty-eight hours.","note":"The 30-day deadline is under loss settlement for Section I or II; the immediate notice and forty-eight-hour written confirmation requirement is for Section III business interruption.","quote":"1. Conditions for Loss settlement under Section I or II ... give to The Insurer as soon as practicable, but not later than 30 days after the occurrence of the event written notice ... In the event of any occurrence of loss or damage which might cause an interruption of or interference with the Business Insured ... The Insured shall immediately notify the Insurer and send it written confirmation thereof within forty-eight hours of the occurrence;","sources":[{"clause":null,"heading":"1. Conditions for Loss settlement under Section I or II","page":7,"url":"https://indiainsurances.com/policy/liberty-general-insurance/large-risk-irdan150cp0005v01201314/document/11613#c-1-conditions-for-loss-settlement-under-section-i"},{"clause":"4(a)","heading":null,"page":7,"url":"https://indiainsurances.com/policy/liberty-general-insurance/large-risk-irdan150cp0005v01201314/document/11613#c-4-a"},{"clause":"10(b)","heading":null,"page":23,"url":"https://indiainsurances.com/policy/liberty-general-insurance/large-risk-irdan150cp0005v01201314/document/11613#c-10-b"},{"clause":"10(b)(i)","heading":null,"page":23,"url":"https://indiainsurances.com/policy/liberty-general-insurance/large-risk-irdan150cp0005v01201314/document/11613#c-10-b-i"}],"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 notice containing particulars sufficient to identify the loss and/or damage, claim or suit","information with respect to the time, place and circumstances thereof as well as nature and extent of the loss or damage","names and addresses of available witnesses","information and documentary evidence that the Insurer may require","statutory declaration of the truth of the claim","written statement setting forth particulars of the claim","books of account and other business books or other evidence"],"display":"Written notice with loss particulars, time/place/circumstances, nature and extent, witnesses; required information and documentary evidence; statutory declaration if required; for business interruption, claim particulars and books of account/business evidence.","note":null,"quote":"written notice containing particulars sufficient to identify the loss and/or damage, claim or suit and also reasonably obtainable information with respect to the time, place and circumstances thereof as well as nature and extent of the loss or damage, and the names and addresses of available witnesses. ... furnish any information and documentary evidence that the Insurer may require together with, if required, a statutory declaration of the truth of the claim ... a written statement setting forth particulars of the claim. ... books of account and other business books 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","sources":[{"clause":"4(a)","heading":null,"page":7,"url":"https://indiainsurances.com/policy/liberty-general-insurance/large-risk-irdan150cp0005v01201314/document/11613#c-4-a"},{"clause":"4(h)","heading":null,"page":8,"url":"https://indiainsurances.com/policy/liberty-general-insurance/large-risk-irdan150cp0005v01201314/document/11613#c-4-h"},{"clause":"10(d)","heading":null,"page":23,"url":"https://indiainsurances.com/policy/liberty-general-insurance/large-risk-irdan150cp0005v01201314/document/11613#c-10-d"},{"clause":"10(e)","heading":null,"page":23,"url":"https://indiainsurances.com/policy/liberty-general-insurance/large-risk-irdan150cp0005v01201314/document/11613#c-10-e"}],"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 Company will settle the claim within 30 days from the date of receipt of necessary documents required for assessing the claim, if the loss or damage is covered. Rejection is within thirty days of the survey report or additional survey report; for Section III, any amount due is paid one month after final determination.","display":"Settlement within 30 days from receipt of necessary documents; rejection within thirty days of survey report/additional survey report; Section III amount due one month after final determination.","note":"Section III payment is subject to the postponement grounds in clause 11.5.","quote":"The Company will settle the Claim under this Policy within 30 days from the date of receipt of necessary documents required for assessing the Claim, provided the loss or damage occurred is covered under the terms and conditions of policy issued. ... the Company shall do so within a period of thirty days of the survey report or the additional survey report ... Subject to clause 5.3 below the Insurer shall pay the Insured any amount due under this Section one month after final determination of the amount due.","sources":[{"clause":"2.17","heading":"Clarification Agreement","page":5,"url":"https://indiainsurances.com/policy/liberty-general-insurance/large-risk-irdan150cp0005v01201314/document/11613#c-2-17"},{"clause":"11.5","heading":"Payment of Indemnity","page":25,"url":"https://indiainsurances.com/policy/liberty-general-insurance/large-risk-irdan150cp0005v01201314/document/11613#c-11-5"}],"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 declared or not), invasion, acts of foreign enemies, hostilities or warlike operations","Nuclear reaction or nuclear radiation or radioactive contamination","Any Act of default committed by the insured or its Representatives.","The amounts stated in The Schedule as being the Deductibles, Time Excess..","Loss of or damage to data or software","inherent vice, latent defect, wear and tear or gradual deterioration","infidelity or any dishonesty on the part of the Insured or any of his employees","processing, renovating, repairing or faulty workmanship","loss of use, delay or loss of markets or Consequential Loss of any nature whatsoever","wearing away or wearing out of any part of any Property Insured caused by or naturally resulting from ordinary use","any faults or defects existing at the time of commencement of this Policy of Insurance","loss or damage caused by intentional overloading or experiments involving the imposition of abnormal conditions","The ownership, maintenance, operation, possession, use, loading or unloading by or on behalf of the Insured of any motor vehicle or trailer","Asbestos.","Lead contamination or pollution"],"display":"War/hostilities, nuclear/radioactive contamination, act of default, deductibles/time excess, data or software loss, wear and tear/gradual deterioration, dishonesty/inventory loss, faulty workmanship, loss of use/consequential loss, machinery wear, known faults, intentional overloading/experiments, motor vehicle liability, asbestos and lead contamination.","note":"Exclusions are section-specific as well as general; the policy also contains excluded property lists and other liability exclusions.","quote":"war (whether declared or not), invasion, acts of foreign enemies, hostilities or warlike operations ... Nuclear reaction or nuclear radiation or radioactive contamination ... Any Act of default committed by the insured or its Representatives. ... The amounts stated in The Schedule as being the Deductibles, Time Excess.. ... Loss of or damage to data or software ... inherent vice, latent defect, wear and tear or gradual deterioration ... infidelity or any dishonesty on the part of the Insured or any of his employees ... processing, renovating, repairing or faulty workmanship ... loss of use, delay or loss of markets or Consequential Loss of any nature whatsoever ... wearing away or wearing out of any part of any Property Insured caused by or naturally resulting from ordinary use ... any faults or defects existing at the time of commencement of this Policy of Insurance ... loss or damage caused by intentional overloading or experiments involving the imposition of abnormal conditions ... The ownership, maintenance, operation, possession, use, loading or unloading by or on behalf of the Insured of any motor vehicle or trailer ... Asbestos. ... Lead contamination or pollution","sources":[{"clause":"2.17(a)","heading":null,"page":6,"url":"https://indiainsurances.com/policy/liberty-general-insurance/large-risk-irdan150cp0005v01201314/document/11613#c-2-17-a"},{"clause":null,"heading":"2. Radioactive Contamination","page":7,"url":"https://indiainsurances.com/policy/liberty-general-insurance/large-risk-irdan150cp0005v01201314/document/11613#c-2-radioactive-contamination"},{"clause":"3","heading":"Act of default","page":7,"url":"https://indiainsurances.com/policy/liberty-general-insurance/large-risk-irdan150cp0005v01201314/document/11613#c-3"},{"clause":"4","heading":"Deductibles","page":7,"url":"https://indiainsurances.com/policy/liberty-general-insurance/large-risk-irdan150cp0005v01201314/document/11613#c-4"},{"clause":"2.17","heading":"Clarification Agreement","page":5,"url":"https://indiainsurances.com/policy/liberty-general-insurance/large-risk-irdan150cp0005v01201314/document/11613#c-2-17"},{"clause":"3(a)","heading":null,"page":14,"url":"https://indiainsurances.com/policy/liberty-general-insurance/large-risk-irdan150cp0005v01201314/document/11613#c-3-a"},{"clause":"3(b)","heading":null,"page":15,"url":"https://indiainsurances.com/policy/liberty-general-insurance/large-risk-irdan150cp0005v01201314/document/11613#c-3-b"},{"clause":"3(c)","heading":null,"page":15,"url":"https://indiainsurances.com/policy/liberty-general-insurance/large-risk-irdan150cp0005v01201314/document/11613#c-3-c"},{"clause":"3(e)","heading":null,"page":15,"url":"https://indiainsurances.com/policy/liberty-general-insurance/large-risk-irdan150cp0005v01201314/document/11613#c-3-e"},{"clause":"4","heading":"Special Exclusions to Section II","page":18,"url":"https://indiainsurances.com/policy/liberty-general-insurance/large-risk-irdan150cp0005v01201314/document/11613#c-4-3"},{"clause":"7.1","heading":"The ownership, maintenance, operation, possession, use, loading or unloading by or","page":31,"url":"https://indiainsurances.com/policy/liberty-general-insurance/large-risk-irdan150cp0005v01201314/document/11613#c-7-1"},{"clause":"7.21","heading":null,"page":35,"url":"https://indiainsurances.com/policy/liberty-general-insurance/large-risk-irdan150cp0005v01201314/document/11613#c-7-21"},{"clause":"7.27.4","heading":"Lead contamination or pollution, whether or not the contamination or","page":36,"url":"https://indiainsurances.com/policy/liberty-general-insurance/large-risk-irdan150cp0005v01201314/document/11613#c-7-27-4"}],"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 contact Liberty by toll-free number 1800-266-5844, email care@libertyinsurance.in or write to Customer Service. If the response or resolution does not meet expectations, escalate to Manager@libertyinsurance.in and then to Servicehead@libertyinsurance.in before approaching the Insurance Ombudsman.","display":"Call 1800-266-5844, email care@libertyinsurance.in or write to Customer Service; escalate to Manager@libertyinsurance.in, then Servicehead@libertyinsurance.in.","note":null,"quote":"Call us on Toll free number: 1800-266-5844 ... Email us at: care@libertyinsurance.in ... Write to us at: | Step 3\nCustomer Service ... Manager@libertyinsurance.in ... Servicehead@libertyinsurance.in ... In case you are not satisfied with the decision or resolution provided by Liberty, you may approach the Insurance Ombudsman for redressal.","sources":[{"clause":null,"heading":"Grievance Redressal Procedure","page":36,"url":"https://indiainsurances.com/policy/liberty-general-insurance/large-risk-irdan150cp0005v01201314/document/11613#c-grievance-redressal-procedure"}],"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":["All Risks of fortuitous and accidental physical loss or damage or destruction to the Property Insured","accidental physical damage to machinery and/or equipment insured caused by an Accident","loss of the Interest Insured","Goods and/or merchandise and/or cargo","legally liable to pay by way of compensation as a result of a Claim","physical loss or physical damage occurring during the period of this Policy caused by an act of terrorism"],"display":"All-risk property damage, machinery accidental physical damage, business interruption, inland transit goods/cargo, commercial general liability, and terrorism physical loss/damage.","note":null,"quote":"The Policy is structured on an ‘All Risk’ basis with specified exclusions and is not a ‘named peril’ policy. ... All Risks of fortuitous and accidental physical loss or damage or destruction to the Property Insured ... accidental physical damage to machinery and/or equipment insured caused by an Accident ... loss of the Interest Insured ... Goods and/or merchandise and/or cargo ... legally liable to pay by way of compensation as a result of a Claim ... physical loss or physical damage occurring during the period of this Policy caused by an act of terrorism","sources":[{"clause":null,"heading":"Scope of Cover","page":1,"url":"https://indiainsurances.com/policy/liberty-general-insurance/large-risk-irdan150cp0005v01201314/document/11610#c-scope-of-cover"},{"clause":"2","heading":"Insuring Clause","page":14,"url":"https://indiainsurances.com/policy/liberty-general-insurance/large-risk-irdan150cp0005v01201314/document/11613#c-2-18"},{"clause":"2","heading":"Insuring Clause","page":17,"url":"https://indiainsurances.com/policy/liberty-general-insurance/large-risk-irdan150cp0005v01201314/document/11613#c-2-19"},{"clause":"2","heading":"Insuring Clause","page":21,"url":"https://indiainsurances.com/policy/liberty-general-insurance/large-risk-irdan150cp0005v01201314/document/11613#c-2-20"},{"clause":"2","heading":"Interest","page":26,"url":"https://indiainsurances.com/policy/liberty-general-insurance/large-risk-irdan150cp0005v01201314/document/11613#c-2-21"},{"clause":"1","heading":"Insuring Clause","page":27,"url":"https://indiainsurances.com/policy/liberty-general-insurance/large-risk-irdan150cp0005v01201314/document/11613#c-1-6"},{"clause":"Section VI","heading":"Terrorism","page":2,"url":"https://indiainsurances.com/policy/liberty-general-insurance/large-risk-irdan150cp0005v01201314/document/11613#c-section-vi"}],"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 wording refers to deductibles, time excess and liability deductible as stated in the Schedule, but no deductible amount is printed in the provided documents.","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 Insuring Party may terminate the policy at any time by written request with seven days notice. A pro-rata daily return of premium is payable for the unexpired period from the date of termination.","display":"Cancel with seven days notice; pro-rata daily return of premium for the unexpired period.","note":null,"quote":"This Policy may be terminated at any time at the written request of the Insuring Party with seven days notice. ... pro-rata daily return of Premium shall be payable to The Insuring Party for the unexpired period from the date of termination.","sources":[{"clause":"2.8","heading":"Cancellation","page":4,"url":"https://indiainsurances.com/policy/liberty-general-insurance/large-risk-irdan150cp0005v01201314/document/11613#c-2-8"}],"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 wording gives India-to-India voyage wording for the Marine Transit section, while property and machinery locations are by reference to the Schedule; no single geographic territory for the whole policy is printed.","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 is for industrial, manufacturing risks, service providers, utilities and similar risks having sum insured above Rs. 2500 Cr. at one location for material damage and business interruption, with sections also covering inland transit, liability and terrorism.","display":"Industrial, manufacturing risks, service providers, utilities and similar risks with sum insured above Rs. 2500 Cr. at one location for material damage and business interruption, plus transit, liability and terrorism sections.","note":null,"quote":"This is a package policy devised to insure Industrial, manufacturing Risks, service providers, utilities and such similar risks having Sum Insured above Rs. 2500 Cr. at one location for material damage and business interruption. ... This Policy has 6 sections. ... Section IV: Inland Transit ... Section V: This section will protect the Insured for against liability claims ... Section VI: This section will cover the Insured from potential losses and liabilities that might occur due to terrorist activities.","sources":[{"clause":null,"heading":"Introduction","page":1,"url":"https://indiainsurances.com/policy/liberty-general-insurance/large-risk-irdan150cp0005v01201314/document/11610#c-introduction"},{"clause":null,"heading":"Scope of Cover","page":1,"url":"https://indiainsurances.com/policy/liberty-general-insurance/large-risk-irdan150cp0005v01201314/document/11610#c-scope-of-cover"}],"law":[]}],"documents":[{"kind":"wording","label":"Large Risk - Policy Wordings (UIN - IRDAN150CP0005V01201314)","pages":40,"fetched_at":"2026-10-17 19:49:10+00","source_url":"https://www.libertyinsurance.in/Docx/Large%20Risk%20-%20Policy%20Wordings.pdf","url":"https://indiainsurances.com/policy/liberty-general-insurance/large-risk-irdan150cp0005v01201314/document/11613"},{"kind":"prospectus","label":"Large Risk - Prospectus (UIN - IRDAN150CP0005V01201314)","pages":5,"fetched_at":"2026-10-17 19:49:14+00","source_url":"https://www.libertyinsurance.in/Docx/3_IRDAN150CP0005V01201314_Large%20Risk%20Insurance%20-%20Sales%20Literature.pdf","url":"https://indiainsurances.com/policy/liberty-general-insurance/large-risk-irdan150cp0005v01201314/document/11610"}],"versions":[],"where_to_buy":[{"purpose":"buy","kind":"insurer","name":"Liberty General Insurance official website","url":"https://www.libertyinsurance.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 assistance","url":"https://www.libertyinsurance.in/claims/claims-assistance.html","note":null},{"purpose":"claim","kind":"insurer","name":"Health claims","url":"https://www.libertyinsurance.in/claims/health-claims.html","note":null},{"purpose":"claim","kind":"insurer","name":"Motor claims","url":"https://www.libertyinsurance.in/claims/motor-claims.html","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.libertyinsurance.in/customer-support/grievance-redressal.html","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":"Car insurance renewal","url":"https://www.libertyinsurance.in/products/motor-insurance/car-insurance-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":"Large Risk (UIN IRDAN150CP0005V01201314), IndiaInsurances, https://indiainsurances.com/policy/liberty-general-insurance/large-risk-irdan150cp0005v01201314"}