Money Insurance Policy

UIN: IRDAN108CP0043V01201819

MONEY INSURANCE POLICY

UIN: IRDAN108CP0043V01201819

POLICY WORDINGS

Tata AIG General Insurance Co. Ltd.

Registered Office:
Peninsula Business Park, Tower A, 15th Floor,
G.K. Marg, Lower Parel, Mumbai – 400013
24X7 Toll Free No: 1800 266 7780 Fax: 022 6693 8170
Email: [email protected] Website: www.tataaig.com
IRDA of India Registration No: 108 CIN:U85110MH2000PLC128425

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Tata AIG General Insurance Company Limited - Registered Office: Peninsula Business Park, Tower A, 15th Floor, G.K. Marg, Lower Parel, Mumbai – 400013
24X7 Toll Free No: 1800 266 7780 Fax: 022 6693 8170 Email: [email protected] Website: www.tataaig.com
IRDA of India Registration No: 108 CIN:U85110MH2000PLC128425
Money Insurance Policy
UIN: IRDAN108CP0043V01201819

WHEREAS the Insured named in the Schedule hereto carrying on the 14. directly or indirectly occasioned by or through or in consequence
Business described in the Schedule and no other for the purposes of of, occasioned by or happening through war, invasion, act of
this insurance by a proposal and declaration which shall be the basis of foreign enemy, hostilities or warlike operations (whether war be
declared or not), civil war, mutiny, civil commotion assuming the
this contract and is deemed to be incorporated herein has applied to
proportions of or amounting to a popular rising, insurrection,
the TATA AIG GENERAL INSURANCE COMPANY LIMITED rebellion, revolution, military or usurped power, martial law or state
(hereinafter called the Company) for the insurance hereinafter of siege or any of the events or causes which determine the
contained and has paid the Premium as consideration for such proclamation or maintenance of martial law or state of siege, or
insurance. looting, sacking or pillage in connection with any such occurrence;
15. Terrorism Damage Exclusion Warranty : Notwithstanding any
NOW THIS POLICY WITNESSETH THAT subject to the Terms, provision to the contrary within this insurance it is agreed that this
Exceptions and Conditions contained herein or endorsed hereon the insurance excludes loss, damage cost or expense of whatsoever
Company will pay to the Insured the amount of any loss of Money nature directly or indirectly caused by, resulting from or in
belonging to the Insured or for which the Insured is responsible as connection with any act of terrorism regardless of any other cause
or event contributing concurrently or in any other sequence to the
specified in the Schedule of the within Policy.
loss.
The liability of the Company in respect of any one loss shall not exceed For the purpose of this warranty an act of terrorism means an act,
the Limit of Liability stated in the Schedule. including but not limited to the use of force or violence and / or the
threat thereof, of any person or group(s) of persons whether acting
The Company will in addition indemnify the Insured in respect of loss of alone or on behalf of or in connection with any organisation(s) or
or damage to any safe, strongroom or carrying case specifically government(s), committed for political, religious, ideological or
designed for carrying Money and stated in the Schedule, the property similar purpose including the intention to influence any government
of the Insured. and/or to put the public, or any section of the public in fear.
The warranty also excludes loss, damage, cost or expenses of
DEFINITION whatsoever nature directly or indirectly caused by, resulting from or
in connection with any action taken in controlling, preventing,
Money shall mean and include cash, bank notes, currency notes, bank
suppressing or in any way relating to action taken in respect of any
drafts, cheques (whether open or crossed) postal orders, money act of terrorism.
orders, treasury notes, current postage and revenue stamps.
If the Company alleges that by reason of this Exclusion, any loss,
damage, cost or expenses is not covered by this insurance the
EXCEPTIONS burden of proving the contrary shall be upon the Insured.
The Company shall not be liable in respect of any loss; 16. Permanent or temporary dispossession resulting from confiscation,
1. due to robbery, theft, fraud, dishonesty or collusion by any commandeering or requisition by any lawfully constituted authority.
employee or agent of the Insured; 17. (a) Loss or destruction of or damage to any property whatsoever
2. damage insured by any other policy or policies except in respect of (including a computer) or any loss or expense whatsoever
any excess beyond the amount which would have been payable resulting or arising therefrom;
under such other policy or policies had this insurance not existed; (b) Any legal liability of whatsoever nature;
3. arising out of shortages due to clerical or accounting errors, (c) Any consequential loss;
omissions, depreciation or direct or indirect consequential loss of
any kind; directly or indirectly caused by or contributed to by or
consisting of or arising from the incapacity or failure of any
4. occurring elsewhere than within the Geographical Area specified in computer
the Policy;
(i) to treat any date before, during or after the year 2000 as
5. confiscation, detention, rationalisation, requisition or wilful the correct date or true calendar date, or correctly or
destruction by any government, public, municipal, local or customs appropriately to recognize manipulate interpret process
authority; store receive or to respond to any data or information, or to
6. on premises which at the time are closed unless the Money is in a carry out any command or instruction, in regard to or in
locked safe or strongroom and all openings (including all doors connection with any such date or
leading to the safe or strongroom) of the premises are fully (ii) to capture save retain or correctly to process any data as a
secured; result of the operation of any command which has been
7. loss from a safe or strongroom following use of the safe or programmed into any computer, being a command which
strongroom key(s) or any duplicate thereof belonging to the Insured causes the loss of data or the inability to capture save
unless this has been obtained by threat or by violence to the retain or correctly to process such data in regard to or in
person in custody of the key(s); connection with any such date.
8. of Money whilst unattended or from unattended vehicles A computer includes any computer, data processing
equipment, microchip, integrated circuit or similar device or
9. due to the use of counterfeit Money;
any computer software tools operating system or any
10. if the Money while being transported is not in a carrying case computer hardware or peripherals and the information or
specifically designed to carry Money; data stored in or on any of the above, whether the property
11. if the Money is consigned to any person (other than a full time of the Insured or not.
permanent employee of the Insured in employment of the Insured 18. Loss damage or consequential loss directly or indirectly caused by,
under an express contract of employment) agency or organisation consisting of, or arising from:
engaged in the transportation of Money for third parties;
(a) any functioning or malfunctioning of the internet or similar
12. or destruction of or damage to any property whatsoever or any loss facility, or of any intranet or private network or similar facility,
or expense whatsoever resulting or arising therefrom or any
(b) any corruption, destruction, distortion, erasure or other loss or
consequential loss directly or indirectly caused by or contributed to
damage to data, software, or and kind of programming or
by or arising from ionising radiations or contamination by
instruction set,
radioactivity from any nuclear fuel or from any nuclear waste;
(c) loss of use or functionality whether partial or entire of data,
13. or destruction of or damage to any property whatsoever or any loss
coding, program, software, any computer or computer system
or expense whatsoever resulting or arising therefrom or any
or other device dependent upon any microchip or embedded
consequential loss directly or indirectly caused by or contributed to
by or arising from nuclear weapons material;
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Tata AIG General Insurance Company Limited - Registered Office: Peninsula Business Park, Tower A, 15th Floor, G.K. Marg, Lower Parel, Mumbai – 400013
24X7 Toll Free No: 1800 266 7780 Fax: 022 6693 8170 Email: [email protected] Website: www.tataaig.com
IRDA of India Registration No: 108 CIN:U85110MH2000PLC128425
Money Insurance Policy
UIN: IRDAN108CP0043V01201819

logic, and any ensuing liability or failure of the Insured to The Insured shall take all practicable steps to discover and punish
conduct business. any guilty person or persons and to trace and recover any part of
This shall not exclude subsequent damage not otherwise the Money lost and shall immediately upon the discovery of the
excluded which itself results from an insured peril. loss or damage notify the Police Authorities and prosecute the
19. In respect of the amount shown in the Schedule as the Excess or guilty person(s).
Deductible in respect of each and every claim.
5. CONTRIBUTION
WARRANTIES If at the time of any loss there shall be any other insurance effected
It is warranted that: by or on behalf of the Insured covering any of the property which is
a) all Money not paid out on the day on which it is received from the the subject of a claim hereunder, the Company shall not be liable
Bank is secured in a locked safe or strong room after business for more than its rateable proportion thereof.
hours.
6. DECREASE IN SUM INSURED
b) a complete record of the amount of Money in the safes be kept in a
secure place other than in any of the said safes and that the liability All sums which may from time to time be paid by way of indemnity
of the Company will be limited to the amount of the Money shown under this Policy in any one Period of Insurance shall be deducted
by such record to be in the safes at the time of the loss but not from the Limit of Liability so that in case of any subsequent event
exceeding in all the limits as set out in the Schedule hereto. giving rise to a claim occurring during the same period the total
c) guard(s) armed with firearms shall accompany any shipments or amount payable during that period by the Company shall not in any
transfer of Money when the amount involved is in excess of the case exceed the Limit of Liability.
amount specified in the Policy Schedule.
7. PREMIUM COMPUTATION
d) the Insured shall take all ordinary and reasonable precautions for
The Premium and Renewal Premium shall be calculated on the
the safety of the Money.
amounts in transit during each Period of Insurance. The Insured
e) cash boxes or till drawers after business hours to be kept with their shall keep a record of such amounts in transit and shall within one
contents in a safe or strong room;
month from the expiry of each Period of Insurance supply the
f) safe or strong room keys or duplicates thereof at all times be kept Company with a correct amount in respect of such period. The
away from the portion of the premises in which such safe or strong Premium or Renewal Premium shall thereupon be adjusted and the
room is situate and always out of sight of the public;
differences paid to the Company or refunded to the Insured as the
g) the premises if left unattended: case may be.
- all locks, bolts and other protective devices are in full operation
and the premises fully secured. 8. CANCELLATION
The Company may cancel this Policy by sending seven days’
- all keys including those relating to safes or strong rooms and
notice to the Insured at the Insured’s last known address. The
notes of combination locks to safes or strong rooms are
removed from the premises. Insured shall thereupon become entitled to the return of a
proportionate part of the Premium or Renewal Premium
- the room in which Money is kept is also securely locked.
corresponding to the unexpired Period of Insurance. The Insured
can also cancel the Policy by giving seven days’ notice to the
CONDITIONS
Company and the Insured be refunded based on the Company
1. INTERPRETATION short period rates for the period the Policy has been in force.
This Policy and the Schedule shall be read together and any word
9. TRANSFER OF INTEREST
or expression to which a specific meaning has been attached in
The Company shall in no case be bound to accept notice of any
any part of this Policy or of the Schedule shall bear such meaning
transfer of interest arising hereunder and nothing herein contained
wherever it may appear.
shall give any right against the Company to any person other than
2. NOTIFICATION the Insured except to a transferee approved by the Company.
On the discovery of any occurrence which may give rise to a claim
10. MATERIAL CHANGE OF SUBJECT MATTER
under this Policy the Insured shall forthwith give written notice to
The Insured shall give notice to the Company of any material
the Company with particulars so far as the same shall then be
change in the subject matter of this insurance within seven days of
known to the Insured and shall within fourteen days deliver to the
change.
Company a final statement of the loss or damage sustained in the
form required by the Company. The Insured shall permit the 11. ARBITRATION
Company at all reasonable times to examine the Insured’s If any dispute or difference shall arise as to the quantum to be paid
premises and shall furnish evidence satisfactory to the Company to under this Policy (liability being otherwise admitted) such difference
substantiate any claim. shall independently of all other questions be referred to the
decision of a sole arbitrator to be appointed in writing by the parties
3. INSURER TO TAKE THE RIGHTS OF THE INSURED
to or if they cannot agree upon a single arbitrator within 30 days of
Any rights of indemnity vested in the Insured against third parties
any party invoking arbitration, the same shall be referred to a panel
for the loss or damage sustained in respect of which a claim is
of three arbitrators, comprising of two arbitrators, one to be
made hereunder may if and when the Company so desires and
appointed by each of the parties to the dispute/ difference and the
whether the amount of the Company’s liability hereunder has been
third arbitrator to be appointed by such two arbitrators and
ascertained or not be enforced by the Company for the benefit of
arbitration shall be conducted under and in accordance with the
the Company to the extent of the Company’s loss and the Insured
provisions of the Arbitration and Conciliation Act, 1996.
shall permit the Company to undertake in the name and on behalf
of the Insured the absolute conduct control and settlement of any It is clearly agreed and understood that no difference or dispute
proceedings and to take proceedings at its own expense and for its shall be referable to arbitration as herein before provided, if the
own benefit but in the name of the Insured to recover Company has disputed or not accepted liability under or in respect
compensation or secure indemnity from any party in respect of of this Policy.
anything covered by this Policy.
It is hereby expressly stipulated and declared that it shall be a
4. DISCOVERY AND PROSECUTION condition precedent to any right of action or suit upon this Policy

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Tata AIG General Insurance Company Limited - Registered Office: Peninsula Business Park, Tower A, 15th Floor, G.K. Marg, Lower Parel, Mumbai – 400013
24X7 Toll Free No: 1800 266 7780 Fax: 022 6693 8170 Email: [email protected] Website: www.tataaig.com
IRDA of India Registration No: 108 CIN:U85110MH2000PLC128425
Money Insurance Policy
UIN: IRDAN108CP0043V01201819

that the award by such arbitrator/ arbitrators of the amount of the INSURANCE OMBUDSMAN CENTRES
loss or damage shall be first obtained.
Office of the Address and Contact Details Jurisdiction
12. OBSERVANCE OF CONDITIONS OF THE POLICY Ombudsman of Office
Union
The due observance and fulfillment of the terms, conditions and
Territory,
endorsements so far as they relate to anything to be done or District
complied with by the Insured and the truth of the statements and
AHMEDABAD Office of the Insurance Gujarat,
answers in the Proposal shall be conditions precedent to any Ombudsman, Dadra &
liability of the Company to make any payment under this Policy. Jeevan Prakash Building, Nagar Haveli,
6th Floor, Tilak Marg, Daman and
13. CHANGE OF POLICY TERMS AND CONDITIONS
Relief Road, Diu.
The Company may change the terms of the Policy or conditions by Ahmedabad - 380 001.
sending seven days’ notice of change of terms or conditions stating Tel.: 079 - 25501201/ 02/05/06
clearly the changes to be effected by registered letter to the Email:
Insured at his last known address. Should the Insured wish to [email protected]
contest the changes, then a reply should be made within seven BENGALURU Office of the Insurance Karnataka
days of receiving the letter from the Company notifying of the Ombudsman,
changes. Jeevan Soudha Building,
PID No. 57-27-N-19,
14. RENEWAL: Ground Floor, 19/19,
The Policy may be renewed with our consent. The benefits under 24th Main Road,
the policy or/and the terms and conditions of the policy, including JP Nagar, Ist Phase,
premium rate may be subject to change. We, however, are not Bengaluru – 560 078.
Tel.: 080-26652048/ 26652049
bound to give notice that it is due for renewal. Unless renewed as
Email:
herein provided, this Policy shall terminate at the expiration of the [email protected]
period for which premium has been paid / received. No renewal
BHOPAL Office of the Insurance Madhya
receipt shall be valid unless it is on the printed form of the Ombudsman, Pradesh,
Company and signed by an authorized official of the Company. JanakVihar Complex, Chattisgarh
2nd Floor, 6, Malviya Nagar,
Grievance Lodgment Stage Opp. Airtel Office,
Near New Market,
The Company is committed to extend the best possible services to its Bhopal – 462 003.
customers. However, if you are not satisfied with our services and wish Tel.: 0755 – 2769201/ 2769202
to lodge a complaint, please feel free to contact us through below Fax: 0755 - 2769203
channels: Email:
[email protected]
Call us 24X7 toll free helpline 1800 266 7780
BHUBANESHWA Office of the Insurance Orissa
Email us at [email protected] R Ombudsman,
Write to us at : Customer Support, Tata AIG General Insurance 62, Forest Park, Bhubneshwar
- 751 009.
Company Limited
Tel.: 0674 – 2596461/ 2596455
A-501 Building No. 4 IT Infinity Park, Dindoshi, Malad (E), Mumbai - 400097 Fax: 0674 - 2596429
Visit the Servicing Branch mentioned in the policy document Email:
bimalokpal.bhubaneswar@ecoi
Nodal Officer .co.in
Please visit our website at www.tataaig.com to know the contact details CHANDIGARH Office of the Insurance Punjab,
of the Nodal Officer for your servicing branch. Ombudsman, Haryana,
S.C.O. No. 101,102 & 103, 2nd Himachal
After investigating the grievance internally and subsequent closure, we Floor, Batra Building, Pradesh,
will send our response within a period of 10 days from the date of Sector 17-D, Jammu &
receipt of the complaint by the Company or its office in Mumbai. In Chandigarh - 160 017. Kashmir,
case the resolution is likely to take longer time, we will inform you of the Tel.: 0172 – 2706196/ 2706468 Chandigarh
same through an interim reply. Fax: 0172 - 2708274
Email:
Escalation Level 1 [email protected]
For lack of a response or if the resolution still does not meet your CHENNAI Office of the Insurance Tamil Nadu,
expectations, you can write to [email protected]. Ombudsman, Pondicherry
After investigating the matter internally and subsequent closure, we will Fatima Akhtar Court, Town and
send our response within a period of 8 days from the date of receipt of 4th Floor, 453, Anna Salai, Karaikal
your complaint. Teynampet, Chennai- 600 018. (which, are
Tel.: 044-24333668 / 24335284 part of
Escalation Level 2 Fax: 044 - 24333664 Pondicherry).
For lack of a response or if the resolution still does not meet your Email:
expectations, you can write to the Head-Customer Services at [email protected]
[email protected]. After examining the matter, we DELHI Office of the Insurance Delhi
will send you our response within a period of 7 days from the date of Ombudsman,
2/2 A, Universal Insurance
receipt of your complaint. Within 30 days of lodging a complaint with
Building, Asaf Ali Road,
us, if you do not get a satisfactory response from us and you wish to New Delhi – 110 002.
pursue other avenues for redressal of grievances, you may approach Tel.: 011-23239633/ 23237532
Insurance Ombudsman appointed by IRDA of India under the Fax: 011 - 23230858
Insurance Ombudsman Scheme. Given below are details of the Email:
Insurance Ombudsman located at various centers. [email protected]
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Tata AIG General Insurance Company Limited - Registered Office: Peninsula Business Park, Tower A, 15th Floor, G.K. Marg, Lower Parel, Mumbai – 400013
24X7 Toll Free No: 1800 266 7780 Fax: 022 6693 8170 Email: [email protected] Website: www.tataaig.com
IRDA of India Registration No: 108 CIN:U85110MH2000PLC128425
Money Insurance Policy
UIN: IRDAN108CP0043V01201819

GUWAHATI Office of the Insurance Assam, Balrampur,

Ombudsman, Meghalaya, Basti,
Jeevan Nivesh, 5th Floor, Manipur, Ambedkarnag
Nr. Panbazar Over Bridge, S.S. Mizoram, ar, Sultanpur,
Road, Arunachal Maharajgang,
Guwahati – 781001 (ASSAM). Pradesh, Santkabirnaga
Tel.: 0361-2132204/2132205 Nagaland and r, Azamgarh,
Fax: 0361 - 2732937 Tripura Kushinagar,
Email: Gorkhpur,
[email protected] Deoria, Mau,
HYDERABAD Office of the Insurance Andhra Ghazipur,
Ombudsman, Pradesh, Chandauli,
6-2-46, 1st floor, Telangana, Ballia,
“Moin Court” Lane, Yanamand Sidharathnagar
Opp. Saleem Function Palace, part of MUMBAI Office of the Insurance Goa, Mumbai
A. C. Guards, Lakdi-Ka-Pool, Territory of Ombudsman, Metropolitan
Hyderabad - 500 004. Pondicherry. 3rd Floor, Jeevan Seva Region
Tel.: 040-65504123/ 23312122 Annexe, S. V. Road, Santacruz excluding Navi
Fax: 040 - 23376599 (W), Mumbai - 400 054. Mumbai &
Email: Tel.: 022-26106552/26106960 Thane
[email protected] Fax: 022 - 26106052
JAIPUR Office of the Insurance Rajasthan Email:
Ombudsman, [email protected]
Jeevan Nidhi – II Bldg., NOIDA Office of the Insurance State of
Gr. Floor, Bhawani Singh Ombudsman, Uttaranchal and
Marg, Jaipur-302 005. Bhagwan Sahai Palace, the following
Tel.: 0141 - 2740363 4th Floor, Main Road, Bagpat, Districts o Uttar
Email: Bimalokpal. Bareilly, Bijnor, Pradesh: Agra,
[email protected] Naya Bans, Sector 15, Aligarh,
ERNAKULAM Office of the Insurance Kerala, Distt: Gautam Buddh Nagar, Budaun,
Ombudsman, Lakshadweep, U.P - 201301. Bulandshehar,
2nd Floor, Pulinat Bldg., Opp. Mahe- a part Tel.: 0120-2514250/ Etah, Kanooj,
Cochin Shipyard, M. G. Road, of Pondicherry 2514252/2514253 Mainpuri,
Ernakulam - 682 015. Email: Mathura,
Tel.: 0484-2358759/2359338 [email protected] Meerut,
Fax: 0484 - 2359336 Moradabad,
Email: Muzaffarnagar,
[email protected] Oraiyya, Pilibhit,
KOLKATA Office of the Insurance West Bengal, Etawah,
Ombudsman, Sikkim, Farrukhabad,
Hindustan Bldg. Annexe, Andaman & Firozbad,
4th Floor, 4, C.R. Avenue, Nicobar Gautambodhan
KOLKATA-700 072. Islands agar,
Tel.: 033-22124339/ 22124340 Ghaziabad,
Fax : 033 - 22124341 Hardoi,
Email: Shahjahanpur,
[email protected] Hapur, Shamli,
LUCKNOW Office of the Insurance Districts of Rampur,
Ombudsman, 6th Floor, Uttar Pradesh Kashganj,
Jeevan Bhawan, Phase-II, : Laitpur, Sambhal,
Nawal Kishore Road, Jhansi, Amroha,
Hazratganj, Mahoba, Hathras,
Lucknow - 226 001. Hamirpur, Kanshiramnagar,
Tel.: 0522-2231330/2231331 Banda, Saharanpur
Fax: 0522 – 2231310 Chitrakoot, PATNA Office of the Insurance Bihar,
Email: Allahabad, Ombudsman, Jharkhand
[email protected] Mirzapur, 1st Floor, Kalpana Arcade
Sonbhabdra, Building, Bazar Samiti Road,
Fatehpur, Bahadurpur, Patna 800 006.
Pratapgarh, Tel.: 0612-2680952
Jaunpur, Email:
Varanasi, [email protected]
Gazipur, PUNE Office of the Insurance Maharashtra,
Jalaun, Ombudsman, Area of Navi
Kanpur, Jeevan Darshan Bldg., Mumbai and
Lucknow, 3rd Flr, C.T.S. Nos. 195 to Thane
Unnao, 198, N.C. Kelkar Road, excluding
Sitapur, Narayan Peth, Pune-411 030. Mumbai
Lakhimpur, Tel.: 020-41312555 Metropolitan
Bahraich, Email: Region
Barabanki, [email protected]
Raebareli,
Sravasti, Grievance Redressal Procedure:
Gonda, As per Regulation 17 of IRDA of India (Protection of Policy holders
Faizabad,
Interests) Regulation. 2017.
Amethi,
Kaushambi,
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Tata AIG General Insurance Company Limited - Registered Office: Peninsula Business Park, Tower A, 15th Floor, G.K. Marg, Lower Parel, Mumbai – 400013
24X7 Toll Free No: 1800 266 7780 Fax: 022 6693 8170 Email: [email protected] Website: www.tataaig.com
IRDA of India Registration No: 108 CIN:U85110MH2000PLC128425