Standard Fire & Special Perils Policy

M/s Mohit Industriesl Ltd.

Sr. No. Particulars

1 Name of Insured

2 Register Office Address

3 Insured's Business

4 Occupancy

4 Policy Period

6 Risk Location

7 Details of Sum Insured

8 Total Sum Insured

9 Add on Covers
10 Basic of Valuation
Building & FFF
Stock - Raw Materials
Finished Goods
Stock in Process
Finished Goods

11 Clause

12 Hypothecation Bank

13 Claim History

14 Excess

Premium Calculation
Particulars Sum Insured

Fire 298,492,368

Earthquake 298,492,368

STFI 298,492,368
Removal of Debris 3,000,000
Architecture and surveyor
fees 5,000,000
Escalation @5%
8,674,618
Omission to Insure
additions, alteration or
extensions 8,674,618

Immediate repair clause

2,500,000
Accidental damage
extension clause
2,500,000
Alternative rent
accomodation clause
2,500,000

start up expenses
50,000,000

Loss minimization
Expenses/Sue and Labour
expenses
2,500,000
Employee personal
property 2,500,000

Modification
cost/Incompability
expenses 5,000,000

Fire Fighting 1,000,000

Total Premium
Add G.S.T. @ 18%
Total Premium Payable

Subject to :-

·         Warranted that the risk is segregated in two units i.e. (1) Yarn processing and (2) weaving
·         Warranted that Both the units are separately located & fully segregated from each other. There
 Standard Fire & Special Perils Policy
M/s Mohit Industriesl Ltd.

Sum Insured (Rs.)

M/s Mohit Industries Ltd.

A/601-B, International Trade Centre,

Majura Gate, Ring Road , Surat 395002, Gujarat

Manufacturering of various types of Yarns, grey, Denier, Yarn

Texturing, Weaving and all other items as per insured business

WEAVING MILLS

05/12/2019 To 04/12/2020

Block No 787 , Plot No 1 to 5 , Village Kuddsad, Olpad, Surat- 394540

All types of civil structures including but not limited to building with plinth 40,000,000
and foundation, office, shedes, fencing/boundary wall, false celling,
compound wall,internal roads,security cabin and building under course of
construction if any etc

All types of Plant & Machineries with Accessories , second hand

machineries, Spare Parts , Tools , consumables, Equipments , Electrical 133,192,368
Installations, non electrical installations,, Panels, Cables, Transformer with
oil, DG set, AC/s & Ducts, Pmps, Pipeline, spares, Movable and immovable
machineries/equipments,and other related machineries or items in the
premises
All types of FFF, Electrical installation, office equipments, Ac's, computers &
Peripherals, servers, CCTV & DVR's and all other contents within the 300,000
premises

All kinds of Stock including but not limited to Raw Material , 125,000,000
Stock in Process , WIP , Semi Finished Goods , Finished Goods , Packagings
materials , Consumables and other goods as per insured trade or business ,
wheather in open or closed and adjecent to premices.

298,492,368

1. Earthquake 298,492,368
2. STFI 298,492,368
3. Removal of Debris 3,000,000
4. Architecture and surveyor fees 5,000,000
4. Escalation @5% 8,674,618
5.Omission to Insure additions, alteration or extensions 8,674,618
6. Immediate repair clause 2,500,000
7. Accidental damage extension clause 2,500,000
8. Alternative rent accomodation clause 2,500,000
9. start up expenses 50,000,000
Loss minimization Expenses/Sue and Labour expenses 2,500,000
Employee personal property 2,500,000
Modification cost/Incompability expenses 5,000,000
Fire Fighting 1,000,000

Reinstatement Value.
Landed cost at site + excise
Sales Price incl of excise
Cost of Raw Material+Processing cost
Manufacturing Cost Price+ Excise duties

Reinstatement Value.
Designation of Property Clause
Local Authority Clause
Earth Quake Clause
Agreed bank Clause
Removal Debris ( in excess of 1 % of claim amount)
Architecture and Surveyour fees ( in excess 3 % of claim amount)
Good Held in trust clause
Escalation clause
Impact Damage
Omission to Insure additions, alteration or extensions
Immediate repair clause
Accidental damage extension clause
Alternative rent accomodation clause
Start up expense clause
72 hr. clause
On account payment clause
Agreed bank Clause
Loss minimization Expenses/Sue and Labour expenses
Employee personal property
Modification cost/Incompability expenses
Fire Fighting expenses

State bank of India - MID Corporate branch, Nr. Majura Gate, Surat
The shamrao Vithal Co-Op. Bank Ltd. - surat

NIL for last 3 years

5% of claim amount subject to minium of Rs 25,000/-

Premium Calculation
 Rate Premium

0.87
259,688
0.1 29,849
0.25 74,623
To be cover free of cost

To be cover free of cost

To be cover free of cost

To be cover free of cost

To be cover free of cost

To be cover free of cost

To be cover free of cost

To be cover free of cost

To be cover free of cost

To be cover free of cost

To be cover free of cost

To be cover free of cost

364,161
65,549
429,710

s segregated in two units i.e. (1) Yarn processing and (2) weaving
units are separately located & fully segregated from each other. There is no connectivity between each unit. Separated by p
each unit. Separated by public road & Boundary Wall.
 Burglary policy
M/s Mohit Industriesl Ltd.
Sr. No. CLIENT PROFILE

1 Name of the insured

2 Correspondence Address

3 Manufacturing for

POLICY PERIOD

1 Policy Period

2 Risk Location

3 Property Insured

4 Details of Sum Insured

 5 Total Sum Insured

6 Add on Covers

9 Claim History

10 Excess

11 Hypothecation Bank

PREMIUM CALCULATION
National Insurance Co Ltd
Particulars
Gross Premium
Add: Service Tax
Amount Payable
 Burglary policy
M/s Mohit Industriesl Ltd.
CLIENT PROFILE

M/s Mohit Industries Ltd.

A/601-B, International Trade Centre,

Majura Gate, Ring Road , Surat 395002, Gujarat

Manufacturering of various types of Yarns, grey, Denier, Yarn Texturing, Weaving and
all other items as per insured business

POLICY PERIOD

05/12/2019 To 04/12/2020

Block No 787 , Plot No 1 to 5 , Village Kuddsad, Olpad, Surat- 394540

All types of Plant & Machineries with Accessories , second hand machineries, Spare
Parts , Tools , consumables, Equipments , Electrical Installations, non electrical
installations,, Panels, Cables, Transformer with oil, DG set, AC/s & Ducts, Pmps,
Pipeline, spares, Movable and immovable machineries/equipments,and other related
machineries or items in the premises
All types of FFF, Electrical installation, office equipments, Ac's, computers &
Peripherals, servers, CCTV & DVR's and all other contents within the premises
All kinds of Stock including but not limited to Raw Material ,
Stock in Process , WIP , Semi Finished Goods , Finished Goods , Packagings materials ,
Consumables and other goods as per insured trade or business , wheather in open or
closed and adjecent to premices.

All types of Plant & Machineries with Accessories , second hand machineries, Spare
Parts , Tools , consumables, Equipments , Electrical Installations, non electrical
installations,, Panels, Cables, Transformer with oil, DG set, AC/s & Ducts, Pmps,
Pipeline, spares, Movable and immovable machineries/equipments,and other related
machineries or items in the premises 133,192,368
All types of FFF, Electrical installation, office equipments, Ac's, computers &
Peripherals, servers, CCTV & DVR's and all other contents within the premises
300,000
All kinds of Stock including but not limited to Raw Material ,
Stock in Process , WIP , Semi Finished Goods , Finished Goods , Packagings materials ,
Consumables and other goods as per insured trade or business , wheather in open or
closed and adjecent to premices. 125,000,000

258,492,368
First loss basis @ 10% 25,849,237

Goods Held in trust, Theft, RSMD

Last 3 years Nil

5% of claim amount subject to minimum of Rs.5000/- for each and every claim.

PREMIUM CALCULATION
National Insurance Co Ltd
Amount (Rs.) Rate
25,849,237 0.01
18.00%

Including theft & RSMD

Warranted 24 hours security
Police Intimation Clause
2,585
465
3,050