Some important facts related to all risk insurance policies

FCS Deepak Pratap Singh | Last updated: 30 May 2022

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All Risks insurance, often called 'open perils' or 'special perils', covers any event not explicitly excluded in the policy. Unlike 'named perils' insurance, it provides broader coverage for unforeseen events. However, it's crucial to carefully review the exclusion list, as common exclusions include wear and tear, mechanical breakdowns, war, and terrorism, though some may be added back with extra premium.

We know the importance of insurance in our life. An insurance is a contract through which an insurance company promises to indemnify and insured against specified perils on payment of a small consideration called Premium. An insurance gives financial security to us against unfortunate perils, whe

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(Excl of GST ₹179)

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About the Author

FCS Deepak Pratap Singh

Associate Vice President - Secretarial & Compliance (SBI General Insurance Co. Ltd.)

Dear Friends, MyselfFCSDeepak P. Singh ( B.Sc.. LLB, FCS. FIII, CIAFP, CRMP, ID) , A Fellow Member of ICSI, Law Graduate ,Fellow Member of Insurance Institute of India, Certified Independent Director ,Certified Insurance Anti Fraud Professional , Certified Risk Governance Professional ( ICSI-III) and cleared Limited I ... Read more

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