Industrial All Risks Insurance - AYA SOMPO Insurance

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Industrial All Risks

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benefits and coverage

Secure your Assets

with

Industrial All Risk

Insurance

I want to know more about
benefits and coverage

Industrial All Risks (IAR) Insurance

Protect your premises from sudden and unforeseen loss by
any perils other than by exclusions.

Benefits

Benefit Details

A wider insurance coverage than standard Fire Insurance. All perils are covered unless it is excluded in the policy terms.
Flexible in choosing preferred covers with favorable premium rate compared to standard Fire Insurance.
Flexible Terms & Conditions (adjusting deductible, sub limits and premium)

Coverage

Aircraft Damage
Impact Damage
Subsidence and Landslide
Explosion
Impact of Vehicles
Riot Strike & Malicious Damage
Windstorm
Fire Insurance ( Fire, Lighting, Domestic Gas Explosion )

Earthquake Volcanic Eruption
Storm, Tempest
Burglary Theft
Business Interruption
Accidental Damage
Flood Inundation
Spontaneous Combustion

Product Highlights

Premium Rating

Subject to following risk factors: COPEM

C – Construction (Type of Construction, Total Area Sq m/Sq Ft of Construction)
O – Occupancy (Occupancy & Type of Items Stored at the Warehouses)
P – Protection (Fire Extinguishing Arrangement)
E – External Exposure (Location of the Risk)
M – Management (Maintenance plan for the building or FEA)

Policy Term
Maximum policy term 1 year (Renewable on a yearly basis)

FAQ

What is an Industrial All Risks (IAR) insurance?

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Industrial All Risks cover not only all the “ named perils” of fire insurance but also extends to cover “ accidental damage” which could not be covered under fire insurance, only subject to specific exclusions of the policy. It also covers for sudden and unforeseen loss by any perils other than by exclusions.

What can be insured?

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All buildings, all machineries, all furniture and stocks in the premises.

Difference between Fire Insurance and Industrial All Risks (IAR)

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Fire insurance covers losses from accidental fire, infectious fire, lightning, domestic gas explosion. Industrial All Risks insurance covers all perils unless the peril is excluded in policy.

Why is Industrial All Risks (IAR) insurance a must-buy insurance for large industries’ owners?

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Industrial All Risks covers not only all the “ named perils” of fire insurance but also extends to cover “ accidental damage” which could not be covered under fire insurance, only subject to specific exclusions of the policy. In addition, it also covers for sudden and unforeseen loss by any perils other than by exclusions as well.

More Information

Brochure

Endorsement Request Form

Cancellation Request Form

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Choose from the following types of AYA Health Standard Plans to suit your needs!

AYA Health Plus
AYA Health Pro
AYA Health Prestige
AYA Health Prime

We also provide corporate customers with versatile health insurance solutions as Cafeteria Plan, meticulously customized to align perfectly with your unique needs. Regarding the purchase of the Cafeteria Plan, only the rules, regulations, and decisions of AYA SOMPO Insurance Co.,Ltd are considered final.

Table of Benefits (in MMK)	AYA HEALTH
Table of Benefits (in MMK)	PLUS	PRO	PRESTIGE	PRIME
Maximum Benefit PRIME Plan only : Additional Limit of up to 44,000,000 MMK, applies to Thailand Zone	11,000,000	11,000,000	11,000,000	11,000,000
Medical and Hospital Benefits	Benefits up to	Benefits up to	Benefits up to	Benefits up to
Ambulance Services	165,000	165,000	165,000	165,000
Hospitalization Costs Accommodation in a standard single-bedded room and meals: Medical Treatment and services ordered by a Physician, including: Surgeon’s and Anesthetist’s charges Physician, Consultant and Nursing charges Diagnostic Procedures (including CT, MRI and PET scans) Surgical Appliances and Prostheses Medicines, Drugs and Dressings Intensive Care Day-Care	Full Refund	Full Refund	Full Refund	Full Refund
Post-Hospitalization Treatment	Nil	Nil	Nil	Nil
Chronic Conditions
First Onset	11,000,000	11,000,000	11,000,000	11,000,000
Ongoing Management	5,500,000	5,500,000	5,500,000	5,500,000
Maternity Cover (10 Months Waiting Period) Pre-Natal Examinations by a Physician All costs of Normal Childbirth or C-Section (elective or non-elective) Post-Natal Examinations by a Physician	Nil	Nil	Nil	1,100,000
Thailand Zone
Hospitalization Costs	Nil	Nil	Nil	44,000,000
Transportation Costs				2,200,000
Transportation Costs for Treatment not available in the Geographic Area				5,500,000
Additional Deductible for Treatment outside the Geographic Area				55,000
Outpatient Benefits	Benefits up to	Benefits up to	Benefits up to	Benefits up to
Physicians fees, Prescription Drugs and Dressings Specialist and Consultant Fees Diagnostic tests, medical scanning and imagery services	220,000	440,000	660,000	660,000
Optical Care One annual Vision test Glasses Glaucoma Test for Participants over 45 years	Nil	Nil	Nil	220,000
Dental Care Benefits	Benefits up to	Benefits up to	Benefits up to	Benefits up to
Dental Treatment Dental Surgery	Nil	Nil	Nil	220,000
Personal Accident Benefits	Benefits up to	Benefits up to	Benefits up to	Benefits up to
Accidental Death Loss of Sight or Loss of Limb Permanent Total Disablement	11,000,000	11,000,000	11,000,000	11,000,000

Renewal Period	First Year	Second Year Onward
Health Bonus %	10%	5%

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Industrial All Risks

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