Businesses usually combine several policies: property cover for the premises, stock and machinery; marine cover for goods in transit; liability cover for harm to customers or the public; and health or accident cover for employees.
IRDAI introduced standard property policies for micro and small enterprises in 2021, Bharat Sookshma Udyam Suraksha and Bharat Laghu Udyam Suraksha; since June 2022 insurers may also offer their own alternatives. Larger risks are usually assessed individually by the insurer.
Products
No products are listed in this category yet. Products appear here only after Finobazaar has reviewed them against the insurer's documents; we do not show invented products or prices.
What policies usually cover
- Fire and allied perils for building, stock and machinery
- Goods in transit (marine cargo)
- Public and product liability
- Group health and accident cover for employees
Your policy wording lists exactly what is covered, the limits and the exclusions.
What to check before you buy
- That the sum insured matches the current value of stock and assets
- Which perils and locations are covered
- Warranties you must follow, such as fire safety or security conditions
Key terms
- Underinsurance
- A sum insured lower than the value at risk; claims can then be paid only in proportion.
- Warranty
- A condition in the policy you must keep to; breaking it can affect claims.
Rules that apply
- For losses other than motor of ₹1 lakh or more, a licensed surveyor assesses the claim. [1]
Rules referred to
- IRDAI Master Circular on Protection of Policyholders' Interests, 2024 (IRDAI/PP&GR/CIR/MISC/117/9/2024, 5 September 2024)
Complaint handling, claim timelines for life, health and general insurance, Ombudsman awards.
Finobazaar read published copies of these rules on 19 October 2026. Rules change: check the current text on irdai.gov.in or with your insurer.
Calculators
Guides and checklists
- Policy exclusions: what insurance does not coverWhere to find exclusions in a policy and how to read them.
- Claim rejected? Complaints and the Insurance OmbudsmanHow to challenge a rejection or short payment: insurer, IRDAI's Bima Bharosa and the Ombudsman.
- Renewing an insurance policyGrace periods, keeping your benefits and what to check before you renew.
- Policy details review checklistWhat to check in a new policy, ideally within the free-look period.
- Policy renewal checklistWhat to have ready and to check before you renew a policy.
Official resources
- IRDAI – Insurance Regulatory and Development Authority of India (opens in a new tab)The insurance regulator: regulations, circulars and the lists of registered insurers and intermediaries.
- IRDAI policyholder website (opens in a new tab)IRDAI's site for policyholders: consumer education and how to complain.
- Bima Bharosa – IRDAI grievance portal (opens in a new tab)Register and track a complaint against an insurer after you have complained to the insurer.Toll-free 155255 or 1800 4254 732; email complaints@irdai.gov.in. IRDAI accepts complaints from the policyholder or claimant, not from agents or other people writing for them.
Addresses checked on 19 October 2026.