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CASH IN SAFE INSURANCE

Cover your cash safe from burglary and theft

Home > Commercial Insurance > Cash In Safe Insurance

Cash In Safe Insurance

Cover your cash safe from burglary and theft

Home > Commercial Insurance > Cash In Safe Insurance

CASH IN SAFE INSURANCE

Cover your cash safe from burglary

Cash in safe insurance covers loss of money due to burglary or theft while money is retained at insured’s premises in safes or strong room.

Provide Lump Sum benefits for loss of cash at own business premises due to theft.

  • Anyone who can show valid business license and proof of cash at the premises

Premium Rating

0.2% to 1.0% on the sum insured.

Premium Payment

Premium must be paid by lump sum.

Policy Term

From (1) day to (1) year.

1. What documents are needed to take cash in safe insurance?

Ans:  i. Proposal

ii. Opening Balance

iii. Names and NRC copies of the persons who handle cash

2. How much of the premium has to be paid for one year?

Ans: 0.2 % on Sum Insured for private bank

1 % on Sum Insured for private enterprises.

3. When does the coverage start?

Ans: The coverage starts after the premium payment.

4. What is the cash in safe insurance coverage?

Ans: Cash in safe insurance covers loss of cash due to the burglary whilst money is retained at insured’s premises in safe or strong room.

5. How long is the policy period?

Ans: The customer can insure from (1) day to (1) year.

Cash in Safe Insurance covers loss of money due to burglary while money is retained in safes or strong room at the insured’s premises.

Provide Lump Sum benefits for loss of cash at own business premises due to burglary.

Anyone who can show valid business license and proof of cash at the premises

Premium Rating

Private Rating – 0.2%

Private Enterprises – 1.0%

Premium Payment

Premium must be paid by lump sum.

Policy Term

From (1) day to (1) year.

1. What documents are needed to take cash in safe insurance?

Ans:  i. Proposal

ii. Opening Balance

iii. Names and NRC copies of the persons who handle cash

2. How much of the premium has to be paid for one year?

Ans: 0.2 % on Sum Insured for private bank

1 % on Sum Insured for private enterprises.

3. When does the coverage start?

Ans: The coverage starts after the premium payment.

4. What is the cash in safe insurance coverage?

Ans: Cash in safe insurance covers loss of cash due to the burglary whilst money is retained at insured’s premises in safe or strong room.

5. How long is the policy period?

Ans: The customer can insure from (1) day to (1) year.

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