{"uin":"IRDAN152CP0165V01201718","name":"Mega Risks Insurance","url":"https://indiainsurances.com/policy/zurich-kotak-general-insurance/mega-risks-insurance-irdan152cp0165v01201718","insurer":{"slug":"zurich-kotak-general-insurance","name":"Zurich Kotak General Insurance Company (India) Limited","url":"https://indiainsurances.com/insurer/zurich-kotak-general-insurance"},"line":"general","category":"business","category_name":"Shop and business","irdai_type":"Main product","kind":"product","status":"active","approved_on":"2018-03-20","withdrawn_on":null,"summary":"Mega Risks Insurance covers business property under an all-risks non-marine property section, with machinery and operational business interruption sections where selected in the schedule. The property sum insured must not be less than New Replacement Value, and claims under Section I or II require written notice not later than 30 days.","analysis":{"state":"machine","analysed_at":"2026-10-20 09:09:51.047595+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 documents describe policy sections, not 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 policy points to the Period of Insurance stated or specified in the Schedule; no actual term is printed in the provided documents.","quote":null,"sources":[],"law":[]},{"key":"claim_intimation","label":"Claim intimation deadline","section":"Claims","meaning":"How soon you must tell the insurer about a claim or hospitalisation.","status":"quote-verified","value":"Section I/II: written notice as soon as practicable, but not later than 30 days after the event. Section III business interruption: immediately notify the insurer and send written confirmation within forty-eight hours of the occurrence.","display":"Section I/II: as soon as practicable, but not later than 30 days; Section III: immediately, with written confirmation within forty-eight hours","note":"The 30-day wording applies to loss settlement under Section I or II; the forty-eight hours wording applies to business interruption claims under Section III.","quote":"Give to The Insurer as soon as practicable, but not later than 30 days after the occurrence of the event written notice containing particulars sufficient to identify the loss and/or damage, claim or suit ... The Insured shall immediately notify The Insurer and send it written confirmation thereof within forty-eight hours of the occurrence;","sources":[{"clause":"5.1.1.1(a)","heading":null,"page":7,"url":"https://indiainsurances.com/policy/zurich-kotak-general-insurance/mega-risks-insurance-irdan152cp0165v01201718/document/18332#c-5-1-1-1-a"},{"clause":"B.3.10(b)(i)","heading":null,"page":15,"url":"https://indiainsurances.com/policy/zurich-kotak-general-insurance/mega-risks-insurance-irdan152cp0165v01201718/document/18332#c-b-3-10-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","any information and documentary evidence that The Insurer may require","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"],"display":"Written notice with particulars, information and documentary evidence, statutory declaration if required, BI claim statement, and books of account/business records","note":"The written statement and books of account wording is stated for Section III business interruption claims.","quote":"written notice containing particulars sufficient to identify the loss and/or damage, claim or suit ... 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. ... such books of account and other business books or other evidence as may reasonably be required by The Insurer","sources":[{"clause":"5.1.1.1(a)","heading":null,"page":7,"url":"https://indiainsurances.com/policy/zurich-kotak-general-insurance/mega-risks-insurance-irdan152cp0165v01201718/document/18332#c-5-1-1-1-a"},{"clause":"5.1.1.1(h)","heading":null,"page":7,"url":"https://indiainsurances.com/policy/zurich-kotak-general-insurance/mega-risks-insurance-irdan152cp0165v01201718/document/18332#c-5-1-1-1-h"},{"clause":"B.3.10(d)","heading":null,"page":15,"url":"https://indiainsurances.com/policy/zurich-kotak-general-insurance/mega-risks-insurance-irdan152cp0165v01201718/document/18332#c-b-3-10-d"},{"clause":"B.3.10(e)","heading":null,"page":15,"url":"https://indiainsurances.com/policy/zurich-kotak-general-insurance/mega-risks-insurance-irdan152cp0165v01201718/document/18332#c-b-3-10-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":"Section I/II claims are to be paid within reasonable time after receipt of satisfactory documentation and determination of the loss by the loss adjuster and agreement by the insurer. For Section III, the insurer pays the amount due one month after final determination of the amount due.","display":"Section I/II: within reasonable time after satisfactory documentation and loss determination; Section III: one month after final determination","note":null,"quote":"All claims to be paid to The Insured within reasonable time after receipt of satisfactory documentation and the determination of the quantity of the loss presented by the loss adjuster(s) and agreed by The Insurer. ... The Insurer shall pay The Insured any amount due under this Section one month after final determination of the amount due.","sources":[{"clause":"A.5.1.15","heading":"Claims / Payments “on account”","page":8,"url":"https://indiainsurances.com/policy/zurich-kotak-general-insurance/mega-risks-insurance-irdan152cp0165v01201718/document/18332#c-a-5-1-15"},{"clause":"B.3.11.5.1","heading":"Subject to clause B.3.11.5.3 below The Insurer shall pay The","page":15,"url":"https://indiainsurances.com/policy/zurich-kotak-general-insurance/mega-risks-insurance-irdan152cp0165v01201718/document/18332#c-b-3-11-5-1"}],"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","Any act of terrorism","Nuclear reaction or nuclear radiation or radioactive contamination","Any Act of default committed by the insured or its Representatives","Deductibles, Time Excess or otherwise insured's Retained Liability","inherent vice, latent defect, wear and tear or gradual deterioration","infidelity or any dishonesty","processing, renovating, repairing or faulty workmanship thereon","go-slow, total or partial cessation of work","loss of use, delay or loss of markets or Consequential Loss","theft where Property Insured is left in the open","release, discharge, or dispersal of toxic or hazardous substances"],"display":"War and political risks; terrorism; nuclear/radioactive contamination; act of default; deductibles/time excess; inherent vice/wear and tear; dishonesty; faulty workmanship; cessation of work; consequential loss unless Section III covers it; open-air theft; toxic or hazardous substances","note":null,"quote":"War (whether declared or not), invasion, acts of foreign enemies, hostilities or warlike operations (whether war be declared or not), civil war, rebellion, revolution, insurrection, mutiny, conspiracy ... Any act of terrorism. ... 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 or otherwise insured's Retained Liability. ... 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 thereon ... go-slow, total or partial cessation of work ... loss of use, delay or loss of markets or Consequential Loss of any nature whatsoever or any costs to reduce it unless covered under Section III of the Policy of Insurance ... theft where Property Insured is left in the open and not contained in buildings on permanent foundations ... release, discharge, or dispersal of toxic or hazardous substances, contaminants or pollutant, proximate or remote.","sources":[{"clause":"A.3.3(a)","heading":null,"page":6,"url":"https://indiainsurances.com/policy/zurich-kotak-general-insurance/mega-risks-insurance-irdan152cp0165v01201718/document/18332#c-a-3-3-a"},{"clause":"A.3.3(b)","heading":null,"page":6,"url":"https://indiainsurances.com/policy/zurich-kotak-general-insurance/mega-risks-insurance-irdan152cp0165v01201718/document/18332#c-a-3-3-b"},{"clause":"A.3.4","heading":"Radioactive Contamination","page":6,"url":"https://indiainsurances.com/policy/zurich-kotak-general-insurance/mega-risks-insurance-irdan152cp0165v01201718/document/18332#c-a-3-4"},{"clause":"A.3.5","heading":"Act of default","page":6,"url":"https://indiainsurances.com/policy/zurich-kotak-general-insurance/mega-risks-insurance-irdan152cp0165v01201718/document/18332#c-a-3-5"},{"clause":"A.3.6","heading":"Deductibles/ Retained Liability","page":6,"url":"https://indiainsurances.com/policy/zurich-kotak-general-insurance/mega-risks-insurance-irdan152cp0165v01201718/document/18332#c-a-3-6"},{"clause":"B.1.3(a)","heading":null,"page":10,"url":"https://indiainsurances.com/policy/zurich-kotak-general-insurance/mega-risks-insurance-irdan152cp0165v01201718/document/18332#c-b-1-3-a"},{"clause":"B.1.3(b)","heading":null,"page":10,"url":"https://indiainsurances.com/policy/zurich-kotak-general-insurance/mega-risks-insurance-irdan152cp0165v01201718/document/18332#c-b-1-3-b"},{"clause":"B.1.3(c)","heading":null,"page":10,"url":"https://indiainsurances.com/policy/zurich-kotak-general-insurance/mega-risks-insurance-irdan152cp0165v01201718/document/18332#c-b-1-3-c"},{"clause":"B.1.3(d)","heading":null,"page":10,"url":"https://indiainsurances.com/policy/zurich-kotak-general-insurance/mega-risks-insurance-irdan152cp0165v01201718/document/18332#c-b-1-3-d"},{"clause":"B.1.3(e)","heading":null,"page":10,"url":"https://indiainsurances.com/policy/zurich-kotak-general-insurance/mega-risks-insurance-irdan152cp0165v01201718/document/18332#c-b-1-3-e"},{"clause":"B.1.3(g)","heading":null,"page":10,"url":"https://indiainsurances.com/policy/zurich-kotak-general-insurance/mega-risks-insurance-irdan152cp0165v01201718/document/18332#c-b-1-3-g"},{"clause":"B.1.3(h)","heading":null,"page":10,"url":"https://indiainsurances.com/policy/zurich-kotak-general-insurance/mega-risks-insurance-irdan152cp0165v01201718/document/18332#c-b-1-3-h"}],"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 the respective branch office, call 1800 2120 or email care@zurichkotak.com. If not satisfied, contact the Grievance Officer, then senior/chief grievance officer, then IRDAI through Bima Bharosa or the Insurance Ombudsman.","display":"Branch/1800 2120/care@zurichkotak.com, then grievanceofficer@zurichkotak.com, then seniorgrievanceofficer@zurichkotak.com / chiefgrievanceofficer@zurichkotak.com, then IRDAI Bima Bharosa or Ombudsman","note":null,"quote":"For resolution of any query or grievance, Insured may contact the respective branch office of the Company or may call toll free number 1800 2120 or may write an e- mail at care@zurichkotak.com. In case the Insured is not satisfied with the response, Insured may contact the Grievance Officer of the Company at grievanceofficer@zurichkotak.com. In case if the Insured is not satisfied with the solution the Grievance Officer has provided, Insured can write to seniorgrievanceofficer@zurichkotak.com / chiefgrievanceofficer@zurichkotak.com ... you may approach Insurance Regulatory and Development Authority of India (IRDAI) through the Bima Bharosa Portal: https://bimabharosa.irdai.gov.in You may also approach Insurance Ombudsman","sources":[{"clause":"A.5.1.23","heading":"GRIEVANCE","page":9,"url":"https://indiainsurances.com/policy/zurich-kotak-general-insurance/mega-risks-insurance-irdan152cp0165v01201718/document/18332#c-a-5-1-23"}],"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","Electrical Breakdown and Boiler Explosion","interruption of or interference with the Business Insured"],"display":"All-risks property damage; machinery accident including Electrical Breakdown and Boiler Explosion; business interruption following indemnifiable material damage","note":"Coverage applies only to sections completed in the Schedule and table of Insuring Agreements.","quote":"All Risks of fortuitous and accidental physical loss or damage or destruction to the Property Insured occurring during the Period of Insurance, which results in Property Insured needing to be repaired or replaced, other than those specifically excluded: ... accidental physical damage to machinery and/or equipment insured caused by an Accident occurring during the Period of Insurance ... including Electrical Breakdown and Boiler Explosion ... thereby causing an interruption of or interference with the Business Insured ... The insurance cover provided by this Policy of Insurance is only in respect of and subject to the wording of those Sections to which The Schedule and the table of Insuring Agreements has been completed","sources":[{"clause":"B.1.2","heading":"Insuring Clause","page":10,"url":"https://indiainsurances.com/policy/zurich-kotak-general-insurance/mega-risks-insurance-irdan152cp0165v01201718/document/18332#c-b-1-2-2"},{"clause":"B.2.2","heading":"Insuring Clause","page":12,"url":"https://indiainsurances.com/policy/zurich-kotak-general-insurance/mega-risks-insurance-irdan152cp0165v01201718/document/18332#c-b-2-2-2"},{"clause":"B.3.2","heading":"Insuring Clause","page":14,"url":"https://indiainsurances.com/policy/zurich-kotak-general-insurance/mega-risks-insurance-irdan152cp0165v01201718/document/18332#c-b-3-2-2"},{"clause":null,"heading":"THEN THE INSURER WILL INDEMNIFY THE INSURED","page":3,"url":"https://indiainsurances.com/policy/zurich-kotak-general-insurance/mega-risks-insurance-irdan152cp0165v01201718/document/18332#c-then-the-insurer-will-indemnify-the-insured"}],"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 says deductibles are stated in the Schedule and apply to each and every loss, but the actual deductible amount is not 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":"If the insured requests cancellation, the company retains the premium calculated at the customary short period rate for the time the policy has been in force.","display":"Refund after retaining premium at the customary short period rate for the time the policy was in force","note":null,"quote":"This insurance may be terminated at any time at the request of the Insured, in which case the Company will retain the premium calculated at the customary short period rate for the time the Policy has been in force.","sources":[{"clause":null,"heading":"A.3.2.12. Cancellation","page":5,"url":"https://indiainsurances.com/policy/zurich-kotak-general-insurance/mega-risks-insurance-irdan152cp0165v01201718/document/18332#c-a-3-2-12-cancellation"}],"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 refers to Premises or Geographical limits specified in the Schedule; no actual territory is printed in the provided documents.","quote":null,"sources":[],"law":[]},{"key":"property_covered","label":"Property covered","section":"Cover","meaning":"Building, stock, plant, machinery, contents.","status":"quote-verified","value":"Section I covers all permanent and temporary property of the insured, and property held in trust, on commission, in joint account, or otherwise in which the insured has an insurable interest, at the insured's plant premises and other scheduled premises. Section II covers all machinery and equipment including electrical or electronic machinery and spare parts, where that section applies.","display":"All permanent and temporary property and insurable-interest property at scheduled premises; machinery and equipment including electrical/electronic machinery under Section II","note":"Machinery and equipment cover applies under Section II if that section is part of the completed policy.","quote":"All permanent and temporary property of The Insured and/or held by him in trust and/or on commission and/or in joint account with others and/or for which they have an insurable interest ... whilst contained in The Insured's plant Premises as specified in The Schedule and in all other Premises of The Insured as specified in The Schedule ... All Machinery and Equipment including electrical or electronic machinery of The Insured's plants and spare parts","sources":[{"clause":"B.1.1","heading":"Property Insured","page":10,"url":"https://indiainsurances.com/policy/zurich-kotak-general-insurance/mega-risks-insurance-irdan152cp0165v01201718/document/18332#c-b-1-1"},{"clause":"B.2.1","heading":"Property Insured","page":12,"url":"https://indiainsurances.com/policy/zurich-kotak-general-insurance/mega-risks-insurance-irdan152cp0165v01201718/document/18332#c-b-2-1-2"}],"law":[]},{"key":"business_interruption","label":"Business interruption","section":"Cover","meaning":"Loss of profit while the business cannot run.","status":"quote-verified","value":"Section III indemnifies loss of gross profits, specified standing charges and/or increased cost of working during the indemnity period when insured material damage causes interruption of or interference with the insured business.","display":"Loss of Gross Profits or specified standing charges, including Increased Cost of Working, after insured material damage interrupts the business","note":"Section III applies only if completed in the Schedule and table of Insuring Agreements.","quote":"To indemnify The Insured in respect of Loss of Gross Profits the loss actually sustained during the indemnity period resulting from a reduction in turnover including any increased cost of working due to an interruption of The Insured's business following loss or damage to any property and /or assets insured and recoverable under Section I, & II. ... The indemnity for the loss of Interest Insured shall be in respect of:\na) Gross Profit, the loss actually sustained during the indemnity period resulting from a reduction in turnover including any Increased Cost of Working or\nb) specified standing charges, the amount actually not earned during the indemnity period resulting from a reduction in turnover including any Increased Cost of Working. ... The insurance cover provided by this Policy of Insurance is only in respect of and subject to the wording of those Sections to which The Schedule and the table of Insuring Agreements has been completed","sources":[{"clause":"Section III","heading":"ALL RISK OPERATIONAL BUSINESS","page":4,"url":"https://indiainsurances.com/policy/zurich-kotak-general-insurance/mega-risks-insurance-irdan152cp0165v01201718/document/18332#c-section-iii"},{"clause":"B.3.3","heading":"Indemnification","page":14,"url":"https://indiainsurances.com/policy/zurich-kotak-general-insurance/mega-risks-insurance-irdan152cp0165v01201718/document/18332#c-b-3-3-2"},{"clause":null,"heading":"THEN THE INSURER WILL INDEMNIFY THE INSURED","page":3,"url":"https://indiainsurances.com/policy/zurich-kotak-general-insurance/mega-risks-insurance-irdan152cp0165v01201718/document/18332#c-then-the-insurer-will-indemnify-the-insured"}],"law":[]},{"key":"sum_insured_basis","label":"Sum insured basis","section":"Cover","meaning":"How the cover amount is set: market value, reinstatement value, agreed value, IDV.","status":"quote-verified","value":"For property, the sum insured must not be less than the New Replacement Value of the property. For Section III business interruption, the sum insured is the annual Gross Profit or annual specified standing charges, with pro rata amount if the indemnity period exceeds twelve months.","display":"Property: not less than New Replacement Value; BI: annual Gross Profit or annual specified standing charges","note":null,"quote":"New Replacement Value | means the costs, which would be incurred to replace the property insured at the Premises with new items of similar kind and quality at any time during the Period of Insurance. ... It is a requirement of this Policy of Insurance that the sum(s) insured specified in The Schedule in respect of the Property Insured shall not be less than the New Replacement Value of such property. ... The Sum Insured shall be\na) The annual Gross Profit specified in The Schedule or\nb) the annual specified standing charges.","sources":[{"clause":"A.1","heading":"DEFINITIONS APPLICABLE TO ALL SECTIONS","page":3,"url":"https://indiainsurances.com/policy/zurich-kotak-general-insurance/mega-risks-insurance-irdan152cp0165v01201718/document/18332#c-a-1-2"},{"clause":null,"heading":"A.3.2.10. Sum Insured","page":5,"url":"https://indiainsurances.com/policy/zurich-kotak-general-insurance/mega-risks-insurance-irdan152cp0165v01201718/document/18332#c-a-3-2-10-sum-insured"},{"clause":"B.3.4","heading":"Sum Insured","page":14,"url":"https://indiainsurances.com/policy/zurich-kotak-general-insurance/mega-risks-insurance-irdan152cp0165v01201718/document/18332#c-b-3-4-2"}],"law":[]},{"key":"under_insurance","label":"Under-insurance (average) clause","section":"Limits and co-pay","meaning":"If the sum insured is less than the real value, claims are cut in proportion.","status":"quote-verified","value":"If the insured property value is greater than the sum insured, the insured is treated as own insurer for the difference and bears a rateable proportion of the loss. For Section III loss of gross profit, the amount payable is reduced proportionately if the annual sum insured is below the required gross profit measure.","display":"Claims are reduced rateably if the Sum Insured is less than the property value; BI gross profit is also reduced proportionately if underinsured","note":null,"quote":"If the property hereby insured shall, at the commencement of any damage, be collectively of greater value than the Sum Insured thereon, then The Insured shall be considered as being his own insurer for the difference, and shall bear the rateable proportion of the loss accordingly. ... If the annual Sum Insured hereunder is less than the amount obtained by multiplying the Rate of Gross Profit by the Annual turnover or, if the indemnity period exceeds twelve months, the turnover calculated for the equivalent period, the amount payable shall be reduced proportionately.","sources":[{"clause":"A.5.1.9","heading":"Underinsurance","page":8,"url":"https://indiainsurances.com/policy/zurich-kotak-general-insurance/mega-risks-insurance-irdan152cp0165v01201718/document/18332#c-a-5-1-9"},{"clause":"B.3.11.1","heading":"Loss of Gross Profit","page":15,"url":"https://indiainsurances.com/policy/zurich-kotak-general-insurance/mega-risks-insurance-irdan152cp0165v01201718/document/18332#c-b-3-11-1"}],"law":[]}],"documents":[{"kind":"wording","label":"Mega Risks Insurance- UIN (IRDAN152CP0165V01201718)","pages":18,"fetched_at":"2026-10-17 20:15:54+00","source_url":"https://cms.zurichkotak.com/uploads/52_Mega_Risks_Insurance_Policy_Wordings_Commercial_3dcb31b4c9.pdf","url":"https://indiainsurances.com/policy/zurich-kotak-general-insurance/mega-risks-insurance-irdan152cp0165v01201718/document/18332"},{"kind":"wording","label":"MEGA RISKS INSURANCE (IRDAI copy)","pages":18,"fetched_at":"2026-10-20 01:05:47+00","source_url":"https://irdai.gov.in/documents/37343/993134/408_Mega_Risks_Insurance_GEN1573.pdf/ec8f8f50-7d85-ea88-366f-a212eee99b3b?version=1.1&t=1668769358985&download=true","url":"https://indiainsurances.com/policy/zurich-kotak-general-insurance/mega-risks-insurance-irdan152cp0165v01201718/document/25620"},{"kind":"prospectus","label":"Mega Risks Insurance-Prospectus - UIN (IRDAN152CP0165V01201718) (Commercial)","pages":3,"fetched_at":"2026-10-17 20:20:42+00","source_url":"https://cms.zurichkotak.com/uploads/Mega_Prospectus_Commercial_Website_9e63679b26_d197d1cee5.pdf","url":"https://indiainsurances.com/policy/zurich-kotak-general-insurance/mega-risks-insurance-irdan152cp0165v01201718/document/18397"}],"versions":[{"uin":"IRDAN152P0165V01201718","version":null,"approved_on":null},{"uin":"IRDAN152CP0165V01201718","version":null,"approved_on":null}],"where_to_buy":[{"purpose":"buy","kind":"insurer","name":"Zurich Kotak General Insurance ( ) official website","url":"https://www.zurichkotak.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":"Claims","url":"https://www.zurichkotak.com/services/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 process","url":"https://www.zurichkotak.com/customer-support/grievance-redressal-process","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":"Renewals","url":"https://www.zurichkotak.com/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":"Mega Risks Insurance (UIN IRDAN152CP0165V01201718), IndiaInsurances, https://indiainsurances.com/policy/zurich-kotak-general-insurance/mega-risks-insurance-irdan152cp0165v01201718"}