Annexure 1.

Minimum Deductibles Applicable for Fire & Engg Policies

With business incepting from 1st April 2011, in case of new business and renewals the minimum deductible under the policies in fire and engg portfolio would be as under:

Section 1
1. The following minimum deductibles are applicable

1.

Fire Insurance:

1.1 Standard Fire and Special Perils Policy (except dwellings with individual owners) 1.1.1 Policies having Sum Inured up to INR 10 cr per location 5% of claim amount subject to a minimum of Rs 10,000/1.1.2 Policies having Sum Insured above INR 10 cr per location up to INR 100 cr per location 5% of claim amount subject to a minimum of INR 25,000 1.1.3 Policies having Sum Insured above INR 100 cr and up to INR 1500 cr per location5% of claim amount subject to a minimum of INR 5 lakhs 1.1.4 Policies having Sum Insured above INR 1500 Cr and up to INR 2500 cr per location 5% of claim amount subject to a minimum of INR 25 lakhs 1.1.5 Policies having Sum Insured above INR 2500 Cr per location 5% of claim amount subject to a minimum of INR 50 lakhs

1.2 Business Interruption (FLOP)Other than Petro Chemical Risks 7 days of Gross Profit Petro chemical risks - 14 days of Gross Profit

1.3

Industrial All Risk Policy

1.3.1 Policies having Sum Insured upto INR 100 Cr per location for PD & BI Material Damage - 5% of claim amount subject to a minimum of 5 lakhs Business Interruption (FLOP)Other than Petro Chemical Risks - 7 days of Standard Gross Profit Petro chemical risks - 14 days of Standard Gross Profit Business Interruption (MLOP) - 14 days of Standard Gross Profit 1.3.2 Policies having Sum Insured above INR 100 Cr and up to INR 1500 cr per location for PD & BI . Material Damage - 5% of claim amount subject to a minimum of 10 lakhs Business Interruption (FLOP)Other than Petro Chemical Risks - 7 days of Standard Gross Profit Petro chemical risks - 14 days of Standard Gross Profit Business Interruption (MLOP) - 14 days of Standard Gross Profit 1.3.3 Policies having Sum Insured above INR 1500 Cr and up to INR 2500 cr per location for PD & BI. Material Damage - 5% of claim amount subject to a minimum of 25 lakhs Business Interruption (FLOP)Other than Petro Chemical Risks - 7 days of Standard Gross Profit Petro chemical risks - 14 days of Standard Gross Profit Business Interruption (MLOP) - 14 days of Standard Gross Profit 1.3.4 Policies having Sum Insured above INR 2500 cr per location for PD & BI. Material Damage - 5% of claim amount subject to a minimum of INR 50 lakh Business InterruptionFLOP - 14 Days of Standard Gross Profit MLOP 21 Days of Standard Gross Profit Note: The limit for sum insured is combined limit for MD + BI per location

1.4 Mega Risk Policies - Policies having Sum Insured above INR 2500 cr per location for PD & BI Material Damage - 5% of claim amount subject to a minimum of INR 50 lakh. Business InterruptionFLOP - 14 Days of Standard Gross Profit MLOP 21 Days of Standard Gross Profit Note: The limit for sum insured is combined limit for MD + BI per location

1.5 Cellular Network Policies Material Damage - 5% of claim amount subject to a minimum of INR 5 lakh Business Interruption- 3 Days of Gross Profit

Section 2 2. Engineering Insurance- Projects

2..0 Contractors All Risk Insurance/ Erection All Risk Insurance (other than combined cycle power plants/ gas based power plants)2.1.1. For Sum Insured up to INR 1500 cr. - All deductible amounts appearing in TAC Tariff would be increased to 5 times of the minimum amount. 2.1.2. For Sum Insured above INR 1500 cr. and up to INR 2500 cr - All deductible amounts appearing in TAC Tariff would be increased to 10 times of the minimum amount. . 2.1.3. For Sum Insured above INR 2500 cr. - All deductible amounts appearing in TAC Tariff would be increased to 15 times of the minimum amount.
2.1.4 Advance Loss of Profits Time excess- 30 days for first year+ 1 day for each erection month in addition to 12 months not exceeding 60 days

2..2..1 Specialized risks ( The following risks would be termed as specialized risks - All works in water, dams, canals, hydro power projects, tunnels, irrigation systems, caverns.) All deductible amounts appearing in TAC Tariff would be increased to 15 times of the minimum amount.
2.2.2 Advance Loss of Profits Time excess- 45 days for first year+ 1 day for each erection month in addition to 12 months not exceeding 75 days

2.3.1 Combined cycle power plants/ gas based power plants50 MW to 200 MW- 5% of claim amount subject to a minimum of 60 lakhs for testing & 20 lakhs for normal excess 200 MW to 300 MW- 5% of claim amount subject to a minimum 100 lakhs for testing & 50 lakhs for normal excess 300 MW and above- 5% of claim amount subject to a minimum 125 lakhs for testing & 75 lakhs for normal excess
2.3.2 Advance Loss of Profits Time excess- 45 days for first year+ 1 day for each erection month in addition to 12 months not exceeding 75 days

2.4. Machinery Breakdown1% of sum insured for each machine subject to a minimum of Rs 2,500/Note: Sum Insured of the machine should be declared as a whole and should not be apportioned towards parts of machine. 2.5 Business Interruption (MLOP) - 14 days of Standard Gross Profit

2.6. Contractors Plant & Machinery- For all Machinery under Group I,II,III,IV, including cranes above 10 tonne capacity under Group III
EXCESSES Value of equipments Individual value upto Rs.1 lakh. For claims AOG perils arising out to of a For claims arising out of perils other than AOG 2 % of S.I. subject to minimum of Rs. 1,500/1.5 % of S.I. subject to minimum of Rs.2, 000/1.25 % of S.I. subject minimum of Rs. 7,500/1.00 % of S.I. subject minimum of Rs. 12, 500/to

10 % of S.I. Subject minimum of Rs. 5,000/5 % of S.I. Subject minimum of Rs.10, 000/-

Individual value over Rs. 1 lakh and upto Rs. 5 lakh. Individual value over Rs. 5 lakh and upto Rs.10 lakhs. Individual value over Rs. 10 lakhs upto Rs. 25 lakhs Individual value over Rs. 25 lakhs upto Rs. 50 lakhs Individual value over Rs. 50 lakhs

to

3 % of S.I. subject to a minimum of Rs. 25, 000/2 % of S.I. subject to a minimum of Rs. 30, 000/1 % of S.I. Subject to minimum of Rs. 50, 000/1 % of S.I. Subject to minimum of Rs. 50, 000/a

to

1 % of S.I. Subject to a minimum of Rs. 50, 000/-)

1 % of S.I. Subject to a minimum of Rs. 50, 000

Boom Section- 20 % of claim amount subject to minimum of Rs. 25, 000/For Machinery under Group V - Rs.2,500/- Flat. Excess. 2.7 Electronic Equipment Insurance- As per TAC tariff

2.8

Boiler Insurance- 5% of claim amount subject to a minimum of Rs 10,000/-