Underwriting Authority Manual

Underwriting Authority Manual ... Gas processing plants, Refinery & ... Sea food / meat processing Oil Extraction Celluloid Goods Mfg...

0 downloads 76 Views 1MB Size
IFFCO-TOKIO General Insurance Co.Ltd

Underwriting Authority Manual

Rev. 0

July 2008

IFFCO-TOKIO General Insurance Co.Ltd

CONTENTS 1 GENERAL REGULATION

4

2 PROPERTY & ENGINEERING

5

2.1

2.2

FIRE 2.1.1

UNDERWRITING AUTHORITY MATRIX

6

2.1.2

SEGMENTATION

7

ENGINEERING 2.2.1

UNDERWRITING AUTHORITY MATRIX C.A.R / E.A.R

9

2.2.2

UNDERWRITING AUTHORITY MATRIX MBD / BOP /CPM

10

2.2.3

UNDERWRITNG AUTHORITY MATRIX EEI

11

2.2.4

SEGMENTATION CONTRACTOR’S ALL RISK INSURANCE

12

2.2.5

SEGMENTATION ERECTION ALL RISK INSURANCE

13

2.3

DEVIATION AUTHORITY MATRIX

16

2.4

REFUND AUTHORITY MATRIX

17

2.5

POST LOSS ENDORSEMENT AUTHORITY MATRIX

18

3 MARINE 3.1

3.2

MARINE CARGO 3.1.1

UNDERWRITING AUTHORITY MATRIX

20

3.1.2

DEVIATION AUTHORITY

21

MARINE HULL and P&I 3.2.1

3.3

19

UNDERWRITING AUTHORITY MATRIX

22

MARINE MTO 3.3.1

UNDERWRITING AUTHORITY MATRIX

23

3.3.2

DEVIATION AUTHORITY MATRIX

24

3.4

REFUND AUTHORITY MATRIX

25

3.5

POST LOSS ENDORSEMENT AUTHORITY MATRIX

26

Rev. 0

July 2008

IFFCO-TOKIO General Insurance Co.Ltd

4 MOTOR

27

4.1

UNDERWRITING AUTHORITY

28

4.2

DEVIATION AUTHORITY

30

4.3

REFUND AUTHORITY

31

4.4

POST LOSS AUTHORITY

33

5 RETAIL LINES 5.1

HFP UNDERWRITING AND DEVIATION AUTHORITY MATRIX

36

5.2

OPE UNDERWRITING AND DEVIATION AUTHORITY MATRIX

37

5.3

TRP UNDERWRITING AND DEVIATION AUTHORITY MATRIX

38

5.4

SME UNDERWRITING AND DEVIATION AUTHORITY MATRIX

39

5.5 RETAIL LINES PRODUCTS UNDERWRITING AND DEVIATION 40 AUTHORITY MATRIX 5.6

REFUND AUTHORITY

41

Rev. 0

July 2008

IFFCO-TOKIO General Insurance Co.Ltd

GENERAL REGULATION 

The authorities can be exercised by only those officers who are assigned the functions of underwriting by the organisation.



SBU Heads/ State Heads/ Commercial & Retail Heads of Mumbai/ Delhi and Head Mumbai Operations/ Corporate Underwriting Heads, by virtue of their assignments, will be considered as officers assigned with the function of Underwriting. They will carry the authority of the grade to which they belong.



The SBU heads etc. shall specifically assign the underwriting authorities to employees under their control, consistent with the cadre of employee only, specifying the class of business in which they can exercise their authorities. Copy of the delegation shall be marked to respective Underwriting Departments in Corporate Office as well as to Internal Audit Departments.



In case an Officer in any cadre applies for resignation, his authority will cease w.e.f. the date of the submission of the resignation.



These supersede all previous circulars issued in this regard and come into force with effect from 1st August, 2008.

4 of 41

Rev. 0

July 2008

IFFCO-TOKIO General Insurance Co.Ltd

PROPERTY & ENGINEERING

5 of 41

Rev. 0

July 2008

U/W Authority Matrix for Fire/ IAR/ FLOP Authority as per the Segments (Occupancy / Risk Colour Code) For list of risk codes in each segments refer Segmental Occupancy list

Product / Coverage

Hierarchy Level M10 & Above

U/W Authority Occupancy / (Total Value Risk Colour at Risk*- INR Cr.) Code - Green

All

Actuals

Occupancy / Risk Colour Code Yellow

All

U/W Authority (Total Occupancy / Risk Colour Value at Risk*- INR Code - Red Cr.)

Actuals

Risk Assessment Matrix

U/W Authority (Total Value at Risk*- INR Cr.)

All

Actuals

Specific Exclusions (Refer to Corporate Office)

Risk Assessment Obligation S.I. (INR Cr.)

Risk Assessment Frequency

Remarks

NIL a) Policies with transmission lines as an item in the schedule, b) Nuclear Power station, c) All policies with Mining risk (even as an item in schedule), Hotels and Hospital: First Time / Once in three years / Incase of Material Change Industrial Risk with S.I. less than 5 cr: No inspection Industrial Risk With S.I. between 5 to 100 cr: At the inception / Once in three years / in case of material change Industrial Risk With S.I. more than 100 Cr: At the inception / Once in two years / in case of material change Industrial Risk With S.I. more than 500 Cr: At the inception / Every year / in case of material change

d) Offshore exposures like jetties, SBM, Oil platform, Sea pipelines, Drilling rigs e) Policies with add-on: Deterioration of stocks in cold storage, Molten metal, Spoilage Material Damge, Forest Fire

M9

Green:All Risk codes

Yellow: All except Gas processing plants, Refinery & Petrochemical, Fertilizer, Cotton Gin and Press Plants, Contractor plant and 500 Machinery

Green : All Risk Codes

Yellow: All except Gas processing plants, Refinery & Petrochemical, Fertilizer, Cotton Gin and Press Plants, Contractor Plant and Machinery, Oil extraction (solvent 400 based),

Std. Fire and Special Perils/ FLOP/ IAR (excluding risks falling under the purview of Petrochemical Tariff) M8

M7

Green:All Risk codes

f) Contingent Business Interupption (Supplier / Customer and Utility Extensions under FLOP)

Red- Only Tyre and Tube Mfg Plants, Chemical Mfg plants, Industrial Gas Mfg., Sponge Iron 400 Plants

g) Risk With MCOPE risk Grade C. h) Risks where FLOP SI is more than INR 100 Crores.

250

100

a) Risk With MCOPE risk Grade B and C** b) Short period policies for goods in open c) State warehousing corporation,

300 …..Do……

200

d) Mid term Inclusion of STFI, RSMD Cover,

100 ……Do……

e) Policies with transmission lines as an item in the schedule,

300 ……Do…..

200 …..Do……

100

f) Nuclear Power station,

100 ……Do……

g) All policies with Mining risk (even as an item in schedule),

M6

Green:All Risk codes

M5

Green:All Risk codes

150 ……Do…..

100 - No Authority-

- No Authority-

- No Authority-

- No Authority-

h) Offshore exposures like jetties, SBM, Oil platform, Sea pipelines, Drilling rigs

100 ……Do……

i) Policies with add-on: Deterioration of stocks in cold storage, Molten metal, Spoilage Material Damge, Forest Fire

75 - No Authority-

- No Authority-

j) Contingent Business Interupption (Supplier / Customer and Utility Extensions under FLOP) k) Risks where FLOP SI is more than INR 100 Crores.

M4

Green:All Risk codes

50 - No Authority-

- No Authority-

- No Authority-

- No Authority-

100 ……Do……

NOTE 1 : Total Value at Risk is considering all policies at one location irrespective of ITGI share including MD and BI as applicable. NOTE 2 : Risk Rating shall be strictly as per Rating Tools. NOTE 3 : Coverage need to be strictly as per erstwhile tariffs.

6 of 41

Rev. 0

July 2008

Segmentation Fire Portfolio Preffered Occupancy (Green) Aerated water factories

Atta & Cereal grinding, Dal Mill,Grain / seeds

Caution (Yellow) Paper Mills, Card board Mills(Lamination)/Cardboard Box Mfg. / Gypsom board, Particle board Book Binders, Envelop & Paper Bag

disintegrating / crushing / decorticating factories Bakeries / biscuit factories Plastic Goods Mfg. (Excluding Foam Plastic), Cable Mfg. Breweries Rope works (Plastic) and Others Coffee curing, roasting & grinding Assembling of Plastic Goods such as Toys

Condensed milk factories, milk pasturisings plants and dairies Ice candy & ice-cream mfg / Ice factories

Confectionery mfg / Sugar candy mfg./ Sweet meat mfg. Distilleries Fruit products & condiment factory (including fruit pulp making) Rice mills (evaluate STFI exposure well) Sea food / meat processing Cement Factories Cement/ Asbestos/ Concrete Products Mfg. Ceramic Factories, Crockery And Stoneware Pipe Manufacturing/ Clay Works/ Tile And Pottery Work Thermal Power Plants D.G. set based Power plants

Extreme Caution (Red) Foam Rubber Manufacturing

Rubber Factories

Rubber Goods Mfg with Spreading, without Spreading Tyres and Tubes Manufacturing Foamed Plastics Manufacturing/Foam

and the like Sugar Factories

rubber mfg. and / or converting plants Tyre Retreading and Resoling factories

Gas Processing Plants / LPG Bottling plants Refining and Petrochemical Plants

Chemical Manufacturing(Using materials O with Flash Point below 32 C), Bulk Drug Manufacturing Paint (others) & Varnish Factories

Fertilizer Plants Silk Mills/Spun Silk Mills

Paints - Nitrocellulose based Camphor Mfg.

Wind Power Plants Oil Extraction Oil Mills Ink Mfg. Cotton Gin & Press House

Candle Works Celluloid Goods Mfg. Industrial Gas Mfg. Nitro Cellulose Mfg. Pan Masala Mfg.

Steel / Aluminium / Copper Smelters Coal / Coke / Charcoal Factories, Coal washeries

Textile Mills Composite Spinning Mills

7 of 41

Rev. 0

July 2008

Electric lamp, TV picture tube mfg Electronic goods mfg & assembly Electronic software parks Engineering workshop- structural steel fabricators, sheet metal fabricators, pipe extruding, stamping, pressing, forging mills Engineering workshop- machines shops (excl. Plastic and rubber component mfg.), assembly of metallic components / metallic spare parts Manufacture and assembly of electrical switchgear and panels. Metal/ tin printers Ore processing (refining)/ metal extraction Automobile Manufacturing Man made fiber Woolen mills Textile Process houses, Garment Mfg, Hosiery / lace / embroidery / thread factories, Yarn Processing Pharmaceutical, Toiletry Mfg, Detergent Manufacturing, Soap Mfg. Mineral Oil Blending & Processing Umbrella Assembly Vermicelli Tiny sector industries Industrial Diamond Mfg Malt extraction Starch Factories, Tapioca Factories Tea blending / Packing Telephone Exchange Manure Blending Works Dwellings/ Residential society/ Malls/ Offices / BPO Motor vehicle showroom Multiplex incl. Cinemat Theater

Chemicals with Flash point > 32 deg C Cashewnut factories Velvet cloth Mfg Standalone Cinema Theaters

Cotton Seed Clng & Delinting Jute Mills Wool Cleaning & Pressing Fac Press For Coir Yarn/Cotton/Senna

Contractor Plant & Machinery

Carpet / Drugget Mfg.

Fluor Mill, Ghee incl. Veg. Ghee

Matress & Pillow Making

Glass Mfg Graphite Electrode Mfg, Industrial Gas

Polyester/ BOPP Film Mfg. Bitumenised Paper And / Or Hessian Cloth Manufacturing. Shops dealing in Hazardous goods Cigar and Ciggarette Mfg. Exhibition / Fate / Madaps Hydro Power Plant

Printing Press Stone Querries Resturant / Hotels Shops dealing in Non-Hazardous Goods

Solvent Extraction Saw Mills Sponge Iron Plant Tobacco curing and Redrying

8 of 41

Rev. 0

July 2008

U/W Authority Matrix for EAR/ CAR Authority as per the Segments (Occupancy / Risk Colour Code) For list of risk codes in each segments refer Segmental Occupancy list

Product / Coverage

Hierarchy Level

Occupancy / Risk Colour Code-Green

M10 & Above All Risk codes

U/W Authority (Total Value at Risk*- INR Occupancy / Risk Cr.) Colour Code-Yellow

Acutals

All Risk codes

U/W Authority (Total Value at Risk*- INR Cr.)

Actuals

Occupancy / Risk Colour Code-Red

All Risk codes

U/W Authority (Total Value at Risk*- INR Cr.)

Actuals

Specific Exclusions(Refer to Corporate Office)

Nil a) Penalty clauses (i.e. faulty or belated delivery of the insured objects) and guarantees of performance or production b) Decennial Liability Insurance c) Bridges, Dams or risks involving underground or tunnelling works. d) Wet Civil risks exposed to open sea such as ports, breakwaters etc.

250

Red:- No Authorit- No Authority-

200

……Do…..

150

- No Authority-

- No Authority-

150

……Do…..

100

- No Authority-

- No Authority-

100

- No Authority-

- No Authority-

- No Authority-

- No Authority-

75

- No Authority-

- No Authority-

- No Authority-

- No Authority-

50

- No Authority-

- No Authority-

- No Authority-

- No Authority-

Contractor's All Risk/Erection All Risk

M9 M8 M7 M6 M5 M4

Green:All Risk codes Green:All Risk Codes Green:All Risk Codes Green:All Risk Codes Green:All Risk Codes Green:All Risk Codes

e) Oil, gas drilling and production rigs.

CAR:Yellow: All risks except Roads, Sewage disposal system, railway lines. EAR:Yellow: All risks except Fetiliser plants, Hydro carbon processing plants, petroleum refineries, Power Plants of all kinds, OIl.Liquid chemical. LPG pipe lines,Gas works. 200

f) Difference in Conditions/Contingency Policies. g) All project policies covering ALOP cover. h) Hydro power projects. i) Second hand Plant/ Machinery j) Policies with dismantling cover k) Policies having period longer than 48 months including the maintenance period and/or maintenance period above 24months l) Proposals with design defect covers DE-4 and DE-5. m) Contingent Business Interupption (Supplier / Customer and Utility Extensions under ALOP)

NOTE 1: Risk Rating shall be strictly as per Rating Tools provided. NOTE 2: All Proposals with ALOP cover should be referred to Co U/W . NOTE 3: The coverage shall be strictly as per erstwhile tariffs

9 of 41

Rev. 0

July 2008

U/W Authority Matrix for MBD/ BOP/ CPM

Product / Coverage

Hierarchy Level

M10 & Above

Occupancy / Risk Code

All Risk codes

U/W Authority (Total Value at Risk*- INR Cr.)

Specific Exclusions (Refer to Corporate Office)

Actuals

Remarks

Nil Machinery breakdown insurance: 1. Stone Crushers 2. Rolling mill stands, pedestal bearing, Raymond mill. 3. PVC/ Rubber lined Vessels 4. Radios / Tapes recorders, TV sets, Electric measuring Instruments except under Home Protector policy 5. Imported Machineries which cannot be repaired in India. 6. Cupolas and Oil Fired Furnaces 7. Pumps with Glass, Graphite, Rubber Impellers 8. Pipe Lines 9. Equipment in Foundries having induction furnaces 10. Equipment in the plant/ area with lot of dust. 11. Portable and Mobile equipment 12. Small electrical motors of less than 10 HP 13. Starters/ Switch fuse units (SFUs) for electrical motors up to 20 HP 14. Thyrister converters 15. Washing machines/ Air-conditioners except under Home Protector policy 16. Oil/ well/ ocean drilling machines under Machinery breakdown 17. Single equipment costs more than Rs.5 Crs 18. MLOP cover

Machinery Breakdown/Boiler and Pressure Vessels Insurance/Contractors' Plant and machinery

M9

All Risk codes

10

M8

All Risk Codes

9

M7

All Risk codes

7.5

M6

All Risk codes

5

M5

All Risk codes

2.5

M4

All Risk codes

1

In respect of MBD, CPM, BOP it is mandatory to collect the serial number (identification number and other name plate specifications.) No parts of the equipment should be insured separately except as for provision under engineering tariff.

Contractors' Plant and Machinery: 1. Railway trackage 2. Gas power-generating plant 3. Locomotives and steam generating engines 4. Site power-generating plant 5. Cranes above 10 tonnes capacity 6. Mobile diving rigs 7. Drilling machines for water supply 8. Tunnel Boring Machines 9. Policies on first loss basis for CPM cover 10. Extension of breakdown cover for CPM equipments. 11. Single equipment costs more than Rs.5 Crs 12. MLOP cover Boliers and Pressure Plant Insurance: 1. Non IBR equipment 2. Boilers with conditional approval by Boiler inspector. 3. MLOP cover

NOTE 1: Risk Rating shall be strictly as per Rating Tables provided. NOTE 2:All the above authorities for MBD are subject to proposals with fire policies. Stand alone policies should be referred to CO U/W. NOTE 3: All Proposals with MLOP cover should be referred to Co U/W . NOTE 4: The coverage shall be strictly as per erstwhile tariffs

10 of 41

Rev. 0

July 2008

U/W Authority Matrix for Electronic Equipment Insurance

Product / Coverage

Electronic equipment Insurance

Hierarchy Level

Occupancy / Risk Code

U/W Authority (Total Value at Risk*- INR Cr.)

M10 & Above

All Risk codes

Actuals

M9

All Risk codes

2.5

M8

All Risk Codes

2

M7

All Risk codes

1.25

M6

All Risk codes

0.5

M5

All Risk codes

0.3

M4

All Risk codes

0.2

Specific Exclusions (Refer to Corporate Office)

Nil Nil Electronic Equipment: 1. Photocopiers 2. Medical equipment like Sonography machine, X-ray machine, CT scan etc. 3. Laser machine 4. Thyristor panels 5. Portable equipments 6. Single equipment costs more than Rs.1 Crs. 7. Increased cost of working.

Remarks In respect of EEI it is mandatory to collect the serial number (identification number and other name plate specifications.) No parts of the equipment should be insured separately except as for provision under engineering tariff.

NOTE 1: Risk Rating shall be strictly as per Rating Tables provided. NOTE 2:All the above authorities for EEI are subject to proposals with fire policies. Stand alone policies should be referred to CO U/W. NOTE 3: All Proposals with MLOP/ ICOW cover should be referred to Co U/W . NOTE 4: The coverage shall be strictly as per erstwhile tariffs

11 of 41

Rev. 0

July 2008

Segmentation Contractors' All Risk Insurance PREFERRED SEGMENT (Green)

CAUTION(Yellow)

EXTREME CAUTION(Red)

Residential and commercial buildings.

Chimneys, Silos and Cooling Towers, TV Towers.

Roads-In Hilly Areas

Theaters, Auditorium and Cinema Halls. Factory sheds, Warehouses, Cold storages, Hangars.

Runways, Aprons and Air Taxiways at Airports. Roads-In Plain Areas

Water supply for cities and industrial areas. Works in water-Bridges on rivers/ creeks, dams/ coffer dams, aquaducts, via-ducts, barrages, structural works in water. Tunnels Canals/ culverts Area reclamation work

Roads –In townships only Road bridges on land Interior decoration works Reservoirs/Tanks Subways on Land Water supply installations for housing colonies. Underground and overhead water storage tanks for residential/ Sewage Disposal System commercial buildings and housing colonies Pile Foundations alone in respect of buildings & other structures Ground leveling Railway Gauge conversion (Meter gauge to Broad gauge), Under ground cable ducting Railway lines(Greenfield lines)

12 of 41

Rev. 0

July 2008

Segmentation Erection All Risk Insurance PREFERRED SEGMENT (Green)

CAUTION(Yellow)

Air Compressors Air Conditioning Plant Annealing Furnace Asbestos Plant

Furnace(Electric arc,Induction/coal,gas,oil fired) Ariel Rope ways Aluminum plants Boilers

Ash Handling Plants Auto Cycles Assembling Plants Air Separation Plant Aluminum products Manufacturing Food and Beverages plants Brick Works Battery Manufacturers. Belt Conveyor Systems Cable Works Cellular Telephone Cement Pipes Mfg.

Cable laying Cardboard Factories Cement Factories Ceramic Tiles Manufacturing Plants Chemical Plants Coal Handling Plants Coke Oven Plant Continuous Casting Plants Colliery Mine Dyestuff Manufacturers Transmission lines(including Electrification of rural areas and railways) Electrification of factories/ buildings/roads. Electrostatic Precipitators Foundries Fertilizer plant/Hydrocarbon Processing plant & Petrochemical Plants Fabrication on land of Drilling & Production Platforms or any sections thereof required in the exploration/ production of Oil and Gas Flight Simulator (Environmental & Visual) Gas Works Graphite electrode plant Glass Works LPG Plants/Gas Sweetening Plants/ LPG Bullets, Tank Farm Oil/ Liquid Chemical/ Liquid Petroleum products/LPG pipelines Laying of Water Pipelines Material Handling Equipments Nylon Plant Ore Preparation Plant

Chalk Factories Chain/Chain links Mfg. Plants. Chilling Plants Cigarette Factories Clinker Factories

Coal Crusher Cold Storages Computers/Electronic equipments Control Panels Cotton Seed Processing Plants Cranes Cycle Plants Cooling Towers Diagnostic Equipments Dyeing Works

13 of 41

EXTREME CAUTION(Red) Steel Plants/ Blast Furnace and Sponge Iron plants Explosives Factories Gas Turbines/ Combined Cycle Power Plants HVDC Transmission system (excluding transmission lines)/ HVDC Back to Back Stations Hydro Power Plants Laying of optical Cables below sea bed Water Works

Rev. 0

July 2008

Effluent Treatment Plants Electric Motors Electroplating Plant Elevating Equipments Engineering workshop Fire Fighting Systems Forging Shops Gas receiving Terminal /metering Terminal Glass Fibre Mfg. Plants Glass lined/ Graphite/ Car bate/Glass vessels Hardboard Mfg. Plant Heat Treatment Plant Hospital Equipments Mfg Instrumentation (All types) Insulator Mfg. works Jib Hoist Jute Mills Laundries Leather Goods Factories Lifts Machine Tools Marble Works Match Factories Medical Treatment Equipments Metal Fabrication Mica Products Mfg. Mobile Cranes Pharmaceuticals Photo Film Mfg. Plastic Products Factories Plywood Factories Pottery Printing Press

Paint Factories Paper/pulp Factories Polyester Fibre Plant Power Plants-Diesel/Steam based Producer Gas Plants Petroleum products Pumping station Pig Iron Plants Precious Metals (Platinum, Gold, Silver etc.) Refining & Fabrication Plants. Rayon Plant Solvent Extraction Plant Substations including Transformers Sugar Factories Synthetic Fibre Plant Sintering Plant Ultrasonic Non-destructive Testing Equipments Video Tape & Pan Cakes Mfg. Plant Wind Turbine Generators

14 of 41

Rev. 0

July 2008

Refrigeration Plant/ Equipments Rinks Works Rolling Mills Rubber Factories Saw Mill Soap Factories Solar Water Heating System Spinning Mills Stationery Factories Steel Furniture Plant Steel Structure for Factories & Buildings. Stone Works Studio Equipments Sub Station Equipments,Switchgear-H.T.& L.T -Excluding Transformers Surgical Equipments Manufacturing Plant Tanks Tanneries Telephone Exchange Textile Mills Machinery Tobacco Factories Tractor Mfg. Plant Varnish Factories Vehicle Assembly Plants Veneer Factories Water Pumping Station Weaving Mills Weigh Bridge Wire Drawing Units Wood Works X-Ray Equipments

15 of 41

Rev. 0

July 2008

Deviation Authority Matrix for Property & Engineering Sr No

Product Type

Hierarchy Level

Deviation %

Remarks

Actuals 1

Std Fire and Special Perils Policy

M10 & Above M9 M8

15% 10%

M7

7.5%

M6

2

3

IAR

Consequential Loss of Profit

5% Section wise deviations to be considered, no additional deviation over the total IAR premium.

M10 & Above M9 M8 M7 M6 M10 & Above

As the LOP Premium rates are based on Fire rates, no separate deviation will be allowed for FLOP over and above deviation considered in Fire Section.

M9 M8 M7 M6

Actuals

M10 & Above

4

EAR/CAR/EEI/MBD/BOP/CPM

M9

15%

M8

10%

M7

7.5%

M6

5%

Note 1: Deviation are in built into the siebel rating tool (mentioned as Marketing flexibility in the discount Tab of Siebel) and shall be recorded along with the reason and description for deviation. Note 2: Deviation recording shall be strictly as per the deviation process provided in the Property Underwriting Manual. Deviations considered are subject to Technical audit by corporate office.

16 of 41

Rev. 0

July 2008

Sr No

Refund Authority Matrix Description

Refund Authority (INR)

Hierarchy Level

Refund due to..

1

2

3

4

Finalisation of provisional Sum Insured, within 3 months of inception (Date of issue of endorsement in system)

FIRE Actuals

M10 & Above M9

M8 M7 M6

5

Silent risk/ Standstill period

M10 & Above M6-M9

6

Early completion of Project

M10 & Above M6-M9

Engineering

General

Actuals

1. All refund shall be authorised only by the SBU head / State head as per the refund authority matrix. 2. All refund notes shall be serially numbered starting from 0 each financial year with separate serial and shall be in the refund format. 3. Reference of refunds to the corporate office shall be made along with following details: a) Refund Format b) Refund Calculation c) Supporting documents, if any

INR 100,000

INR 100,000

INR 50,000 INR 30,000 INR 20,000

INR 50,000 INR 30,000 INR 20,000

Actuals

M10 & Above Cancellation of Policies including cancellations due to replacement by new policy / policies with same / larger M9 M8 SI M7 M6 M10 & Above Adjustment of Sum Insured on policies M9 subject to declaration / annual M8 adjustment for declaration / floater M7 declaration Policies M6 Adjustment of Sum Insured for LOP M10 & Above Policies M6-M9

INR 100,000 INR 50,000 INR 30,000 INR 20,000 Actuals

Remarks

Actuals

INR 50,000 INR 30,000 INR 20,000 INR 10,000

INR 100,000 NA INR 50,000 INR 30,000 INR 20,000 Actuals Actuals - No AuthorityActuals Actuals - No AuthorityActuals Actuals - No Authority-

17 of 41

Rev. 0

July 2008

Post Loss Endorsement Authority Matrix No

Description

Hierarchy Level

M10 & Above

1

Approval of Post Loss endorsement

M9

M8

Post Loss Endorsement Authority FIRE

Engineering

Actuals

Actuals

For risks within the underwriting For risks within the underwriting authority of M7 as per underwriting authority of M7 as per underwriting authority matrix. authority matrix. For risks within the underwriting For risks within the underwriting authority of M6 as per underwriting authority of M6 as per underwriting authority matrix. authority matrix.

M7

- No Authority-

- No Authority-

M6

- No Authority-

- No Authority-

18 of 41

Exclusions

Nil

Changes to the RI cessions.

Changes to the RI cessions.

Rev. 0

July 2008

IFFCO-TOKIO General Insurance Co.Ltd

MARINE

19 of 41

Rev. 0

July 2008

Marine Cargo Acceptance Limits Table Serial Number

1

Employee Cadre

M4

PBL Limit (Inland) in INR 20 lacs

PBL Limit (Overseas) in INR 40 lacs

Rates/ Terms

As per commodity based manual

2

M5

30 lacs

60 lacs

As per commodity based manual

3

M6

50 lacs

1 crore

As per commodity based manual

4

M7

1.5 crores

3 crore

As per commodity based manual

5

M8

2.5 crores

5 crores

As per commodity based manual

6

M9

6 crores

15 crores

As per commodity based manual

7

M 10 & above

Actuals

Actuals

Specific Exclusions (Reference to Corp Office)

COMMODITY TYPE • Crude Oil, Petrochemicals, LPG, LNG • Bank Notes, Cheques, Securities • Gold Ingots, Precious Metals, Silver, Curios • Timber on deck

Remarks

In case the desired Per Location Limit is more than two times the Per Bottom Limit, the acceptance authority will be the next higher authority.

POLICY TYPE • Storage under multi transit policy/ storage extension beyond duration clause exceeding two months. • DSU VESSEL TYPE • Transit by classed vessels more than 30 years • Transit by non classed vessels , irrespective of age • Transit by self propelled barges • Transit by barges under tow MISCELLANEOUS • Transit insurance of tail end transit without pre dispatch inspection report • Shipment between two countries outside India • Voyages terminating/ originating in the interiors of Iran, Iraq, Afghanistan, CIS and African countries

Actuals

20 of 41

Rev. 0

July 2008

Marine Cargo Deviation Table Serial Number 1 2 3 4 5 6 7

Employee Deviation from commodity based rate/ Permissible As if loss ratio (On the Cadre deductible deviated Rate) M4 None 60% M5 None 65% M6 5% 70% M7 7.50% 75% M8 10% 80% M9 15% 90% M 10 & above Actuals Actuals

21 of 41

Rev. 0

July 2008

Marine Hull and P&I Acceptance Limits Table Serial Number 1

Employee Cadre M9

Sum Insured

Specific Exclusions (Reference to Corp Office)

NIL All Hull Proposals require refrence to Corp Office

2

M 10 & above

Actuals

22 of 41

Rev. 0

July 2008

MTO Acceptance Limits Table Serial Number 1

Employee Cadre M6

LOL in USD Number of Rates/ Terms TEU's USD 100,000 100 As per MTO Rating Manual

2

M7

USD 250,000

300

3

M8

USD 250,000

500

4

M9

USD 250,000

800

5

M 10 & above

Actuals

Actuals

Specific Exclusions (Reference to Corp. Office) 1. Past claims experience exceeding 25% 2. Traffic to USA/Canada/CIS/African Countries exceeding 30% of total movement. 3. Share of General cargo being less than As per MTO 70%. Rating Manual 4. Turnover more than 800 TEU's 5. Deductibles less than USD 2500. 6. Limit of Liability more than USD 2500. As per MTO 7. Logistic Activity other than MTO like Rating Manual Freight forwarders Hauliers etc. As per MTO Rating Manual Actuals

23 of 41

Rev. 0

July 2008

Marine MTO Deviation Table Serial Number 1 2 3 4 5

Employee Cadre

Deviation from MTO rating manual

M6 M7 M M9 M 10 & above

Nil 2.50% 5% 10% Actuals

8

24 of 41

Rev. 0

July 2008

Refund Authority Matrix -Marine Sr No Description 1 Cancellation of specific or open policy/ adjustment of sum insured

Hierarchy Level M4

Refund Authority (INR)

(1) All Refunds shall be authorized only by the SBU Head/State Head as per the refund authority matrix. (2) All Refund notes shall be serially numbered starting from 0 each financial year with separate serial and shall be in the refund format. (3) Reference of refund to corporate office shall be made along with following details (a) Refund Format (b) Refund Calculation (c) Supporting Documents, if any.

INR 2000

2 Cancellation of policy/ adjustment of sum insured

M5

3 Cancellation of policy/ adjustment of sum insured

M6

4 Cancellation of policy/ adjustment of sum insured

M7

5 Cancellation of policy/ adjustment of sum insured

M8

6 Cancellation of policy/ adjustment of sum insured

M9

Remarks

INR 5,000 INR 10,000 INR 20,000 INR 50,000

1,00,000

7 Any other reason including Hull M 10 & above & Marine Liability Policy Actuals

25 of 41

Rev. 0

July 2008

Post Loss Endorsement Authority Matrix Sr No

Description

Hierarchy Level

Exclusions Marine Cargo

Marine Hull

Actuals

Actuals

For risks within the underwriting authority of M7 as per underwriting authority matrix.

NIL

For risks within the underwriting authority of M6 as per underwriting authority matrix.

NIL

M7

NIL

NIL

M6

NIL

NIL

M10 & Above

M9 1

Approval of Post Loss endorsement M8

26 of 41

NIL

Changes to the RI cessions.

Rev. 0

July 2008

IFFCO-TOKIO General Insurance Co.Ltd

MOTOR

27 of 41

Rev. 0

July 2008

Motor Underwriting Authority 1. Private Cars and Two Wheelers SBU /U/W hub Head M4 M5 M6 M7 M8 M9

Private cars 15 lacs 15lacs 20 lacs 25 lacs 30 lacs 30 lacs

Two Wheeler 75,000 75,000 1,00,000 1,50,000 2,50,000 3,00,000

2. Commercial Vehicles Goods Carrying Vehicles (Class A) SBU /U/W hub Head M4 M5 M6 M7 M8 M9

Passenger carrying Vehicles SBU /U/W hub Head

Three Wheeler

M4 M5 M6 M7 M8 M9

1.5 lacs 1.5 lacs 2 lacs 2.5 lacs 3 lacs 3 lacs

IDV 10 lacs 10 lacs 15 lacs 17.5 lacs 20 lacs 20 lacs

Taxis

12.5 lacs 12.5 lacs 17.5 lacs 20 lacs 25 lacs 25 lacs

Bus Up to 10 seaters 12.5 lacs 12.5 lacs 17.5 lacs 20 lacs 25 lacs 25 lacs

Miscellaneous type of Vehicles (Class D) SBU /U/W hub Head M4 M5 M6 M7 M8 M9

Above 10 seaters 15 lacs 15 lacs 20 lacs 25 lacs 30 lacs 30 lacs

Excavator/Tractor

Damper/Tipper

All others

20 lacs 20 lacs 30 lacs 30 lacs 40 lacs 40 lacs

10 lacs 10 lacs 15 lacs 15 lacs 20 lacs 20 lacs

15 lacs 15 lacs 20 lacs 25 lacs 30 lacs 30 lacs

28 of 41

Rev. 0

July 2008

Motor Trade SBU /U/W hub Head M4 M5 M6 M7 M8 M9

Class E 20 lacs 20 lacs 25 lacs 25 lacs 30 lacs 30 lacs

Class F ( per certificate) Nil Nil Nil 2,00,000 3,00,000 5,00,000

Class G Corporate Office Corporate Office Corporate Office Corporate Office Corporate Office Corporate Office

Note: (1) The model, zone, age lim it, fuel, tonnage, te rritorial jurisdiction or any other criteria as per Private Cars/ Two Wheelers, Commercial vehicles guidelines will hold good for all SBU Heads and the perm ission to be obtained from their co rporate office as circulated earlier, wherever required. (2) The LS C / SBU being head ed by any cadre can tak e the appro val from their respective supervisor if any underwriting a pproval acceptance is beyond their authority. For example, if any Private Car having IDV of Rs 25 lacs com es to a SBU being headed by M5, then he/she can take approval from his/her respe ctive Reta il/Commercial/State Head of M8 cadre or above or as the case may be.

29 of 41

Rev. 0

July 2008

Motor Deviation Authority (a)

IDV level with respect to age for Private Cars: Vehicle Age Up to 5 yrs 5 to 7 yrs Above 7 yrs

(b)

Up to 5 yrs 5 to 7 yrs Above 7 yrs

Up to 5 yrs 5 to 7 yrs 7 to 10 yrs Above 10 yrs

Up to 50% (as per tariff) Up to 55% Up to 60%

Depreciation from MSP* Up to 50% (as per tariff) Up to 55% Up to 60% Up to 65%

Deviation for IDV level proposed above

SBU /U/W hub Head

Note:

Depreciation from MSP*

IDV level with respect to age for Commercial Vehicles Vehicle Age

(d)

Up to 50% (as per tariff) Up to 55% Up to 60%

IDV level with respect to age for Two Wheelers: Vehicle Age

(c)

Depreciation from MSP*

M4 M5 M6 M7 M8 M9

Negative Nil Nil Nil -5% -10% -10%

Deviations

Positive 10% 10% 10% 15% 20% 20%

a)

The positive deviation should not exceed manufactures’ selling price of same make, model and brand. b) The deviation allowed is from actual IDV as allowed, not from MSP. For example, if the manufacturer selling price is Rs. 3 lacs and it is one year old, then actual IDV will be Rs. 2.40 lacs, the deviation will be calculated from Rs.2.40 lacs and M7 cadre can vary it by Rs.12000/ on negative side and Rs. 36000 on positive side. However this consideration of deviation should be applied judiciously by taking into provision reduction of premium as well as moral hazard. The positive deviation should be higher with the age of vehicle i.e. older the vehicle higher the positive deviation. 30 of 41

Rev. 0

July 2008

Motor Refund Authority (i) Refund of Premium SBU /U/W hub Head M4 M5 M6 M7 M8 M9

Amount 5,000 5,000 7,500 12,000 12,500 15,000

(ii) Refund Note To be prepared and approved by SBUs as per their respective financial authority in following way with docum ents enclosed. The refunds which are to be dealt at the corporate office level should also be sent with all proper docum ents attached as mentioned below: (a) Non Delivery of vehicle (1) Refund format copy with all the details and recommendations (2) Covernote copy (3) Policy copy (4) Insured's letter (5) Dealers letter (6) Financers letter (if any) (b) Double Insurance with two Different Insurers (1) Refund format copy with all the details and recommendations (2) Covernote copy of both the insurers along with date and time (3) Policy copy of both the insurers (4) Insured's letter (5) The latter one to be cancelled and prorata refund (6) Date from which policy has to be cancelled (c) Double Insurance with Identical Insurers (1) Refund format copy with all the details and recommendations (2) Both Covernote copies (3) Both Policy copies (4) Insured's letter (5) The latter one to be cancelled and 100% refund (6) Date from which policy has to be cancelled

31 of 41

Rev. 0

July 2008

(d) Sale of vehicle (1) Refund format copy with all the details and recommendations (2) Covernote copy (3) Policy copy (4) Insured's letter (5) Sale deed or letter (6) Form 29 & 30 (7) Receipt of RTO (e) In case of different insurers cancellatio n of Earlier dated request (1) Refund format copy with all the details and recommendations (2) Covernote copy of both the insurers along with date and time (3) Policy copy of both the insurers (4) Insured's letter (5) Financers letter

on Financers

(f) NCB transfer from Old vehicle to new vehicle (1) Refund format copy with all the details and recommendations (2) Covernote copy (3) Policy copy (4) Insured's letter (5) NCB transfer certificate (6) Proof of Sale of the old vehicle (g) Refund of NCB (1) Refund format copy with all the details and recommendations (2) Covernote copy (3) Policy copy of previous year (4) Insured's letter (5) NCB Certificate or Renewal letter (h) Refund due to Excess TP premium (1) Refund format copy with all the details and recommendations (2) Covernote copy (3) Policy copy (4) Insured's letter

32 of 41

Rev. 0

July 2008

Motor Post Loss Endorsement Authority (i) Non Monetary: - Changes in class, Name, Engine No. Chassis No. to be dealt by SBU head M6 and above as listed below.

a) Correction in Engine no, Chassis no and Registration no.

(1) Post loss endorsement format copy with all the details and recommendations (2) Covernote copy/Policy copy (3) Insured's letter (4) RC copy (5) Dealers letter

(b) Correction in Owners name due to omission or spelling mistake (1) Post loss endorsement format copy with all the details and recommendations (2) Covernote copy/Policy copy (3) Insured's letter (4) RC copy (5) Dealers letter (6) Financers letter (If any)

(c) Correction in the Class of Vehicle For Instance: Private car to Commercial car and vice versa

(1) Post loss endorsement format copy with all the details and recommendations (2) Covernote copy/Policy copy (3) Insured's letter (4) RC copy (5) Dealers letter (6) Financers letter (if any) (ii) Monetary:- All endorsement having monetary implication will continue to be dealt by corporate office

(a) Transfer of vehicle or Sale of vehicle

(1) Post loss endorsement format copy with all the details and recommendations (2) Covernote copy/Policy copy (3) Insured's letter (4) RC copy (5) Sale deed or letter (6) Form 29 & 30 (7) Receipt of RTO

33 of 41

Rev. 0

July 2008

(b) Change in Owners name due to sale of vehicle or wrong ownership For Instance: the vehicle is in the name of Company but it is used by M.D exclusively and insurance is in the name of M.D

(1) Post loss endorsement format copy with all the details and recommendations (2) Covernote copy/Policy copy (3) Insured's letter (4) RC copy (5) Dealers letter (6) Financers letter ( If any)

(c) Premium related

(1) Post loss endorsement format copy with all the details and recommendations (2) Covernote copy/Policy copy (3) Insured's letter (4) Dealers letter (5) Financers letter (if any) NOTE: Incase of Theft/Loss pls m ention Cla im occurrence date and Intim ation date in all the above mentioned cases.

34 of 41

Rev. 0

July 2008

IFFCO-TOKIO General Insurance Co.Ltd

RETAIL LINES

35 of 41

Rev. 0

July 2008

HOME AND FAMILY PROTECTOR

0

ALL RATES : PER MILLE

SECTIONS

PROPOSED CADRE-WISE AUTHORITIES FOR S.I ACCEPTANCE & RATES CURRENT S.I

INCR. LIV. EXP.

1.00 0.50 10.00 5.00 5.00

S.I ACCEPTANCE LIMIT

DEVIATION FROM BOOK RATES

S.I ACCEPTANCE LIMIT

DEVIATION FROM BOOK RATES

S.I ACCEPTANCE LIMIT

DEVIATION FROM BOOK RATES

S.I ACCEPTANCE LIMIT

DEVIATION FROM BOOK RATES

S.I ACCEPTANCE LIMIT

DEVIATION FROM BOOK RATES

35% on Book Rates

2.50 5.00 0.50 TARIFF 0.60 2.50

DEVIATION FROM BOOK RATES

The Total S.I under Fire Section not to exceed 7.5 Crores

2.00 10.00

S.I ACCEPTANCE LIMIT

35% on Book Rates

2.50 0.75/1

M9

The Total S.I under Fire Section not to exceed 7.5 Crores

BAGGAGE PUBLIC LIABILITY W.C TENT. LEG.LIAB.

2.00 10.00 5.00 5.00 1.00

M8

25% on Book Rates

EL./MECH B'DN P.A (TABLE B/C) LOAN PAYMENT

2.50

7.50 10.00 7.50 10.00 7.50

M7

The Total S.I under Fire Section not to exceed 5 Crores

FXD.GLAS/SANIT. E.E.I (TERR. XTRA) TV, MP3 ETC. LAPTOP, MOB. etc. PEDAL CYCLE

185.00

M6

25% on Book Rates

SI > 5 Lac

BURG. (BLDG.) ALL RISK

185.00

M5

The Total S.I under Fire Section not to exceed 5 Crores

2-B 3 4 5 6-A 6-B 6-C 7 8 9 10 11-A 11-B 11-C 12

SI < 5 Lac

M4

15% on Book Rates

2-A

BURGL. (CONT.)

0.55 0.50 1.50 1.25 0.05 7.50

ACCEPTANCE LIMITS FOR SBU's

The Total S.I under Fire Section not to exceed 2 Crores

1-A FIRE (CONT.) 1-B FIRE (BLDG.)

RATE

15% on Book Rates

DESCRIPTION

The Total S.I under Fire Section not to exceed 2 Crores

SEC.

ALL AMOUNTS : RS. IN LACS

# Note : Siebel Calcualtors not to be used for calculation of rates for sections under Protector Policies

36 of 41

Rev. 0

July 2008

OFFICE PROTECTOR

0

ALL RATES : PER MILLE

SECTIONS

S.I ACCEPTANCE LIMIT

DEVIATION FROM BOOK RATES

S.I ACCEPTANCE LIMIT

DEVIATION FROM BOOK RATES

S.I ACCEPTANCE LIMIT

DEVIATION FROM BOOK RATES

S.I ACCEPTANCE LIMIT

DEVIATION FROM BOOK RATES

35% on Book Rates

S.I ACCEPTANCE LIMIT

DEVIATION FROM BOOK RATES

35% on Book Rates

DEVIATION FROM BOOK RATES

The Total S.I under Fire Section not to exceed 40 Crores

S.I ACCEPTANCE LIMIT

The Total S.I under Fire Section not to exceed 40 Crores

M9

25% on Book Rates

10.00 25.00

M8

The Total S.I under Fire Section not to exceed 30 Crores

2.50 4.00 (+5) 7.50 10.00 10.00 7.50 10.00 7.50 TARIFF 0.75/1 TARIFF 5.00 1.00 TARIFF 0.60 TARIFF

M7

25% on Book Rates

F.G FXD.GLAS/SANIT. E.E.I DATA REINSTATE. TV, VIDEO LAPTOP, MOB.PH. AIR-NEON SIGN EL./MECH. B'DN P.A BUSI. INTERRUPT. BAGGAGE PUB. LIAB. W.C TENT. LEG.LIAB. PROF. INDEMNITY

2000.00 25 TRANSIT 50 SAFE 20.00 10.00 250.00 5.00 20.00 20.00 5.00 250.00 10.00 500.00 0.50 20.00

M6

The Total S.I under Fire Section not to exceed 30 Crores

3-B 4 5-A 5-B 6-A 6-B 6-C 7 8 9 10 11-A 11-B 11-C 12

2000.00

M5

15% on Book Rates

3-A MONEY

0.60 0.60 1.00 0.05

M4

The Total S.I under Fire Section not to exceed 25 Crores

FIRE (CONT.) FIRE (BLDG.) BURG. (CONT.) BURG. (BLDG.)

RATE

15% on Book Rates

1-A 1-B 2-A 2-B

DESCRIPTION

PROPOSED CADRE-WISE AUTHORITIES FOR S.I ACCEPTANCE & RATES CURRENT S.I ACCEPTANCE LIMITS FOR SBU's

The Total S.I under Fire Section not to exceed 25 Crores

SEC.

ALL AMOUNTS : RS. IN LACS

# Note : Siebel Calcualtors not to be used for calculation of rates for sections under Protector Policies

37 of 41

Rev. 0

July 2008

TRADE PROTECTOR

0

ALL RATES : PER MILLE

SECTIONS

BUSI. INTERRUPT. BAGGAGE PUB. LIAB. W.C GOOD IN TRANSIT

HAZARD. NON-HAZ.

0.75/1

10.00

1A*125%

500.00

5.00 2.00 TARIFF 30.00 50.00

0.50 20.00 20.00

S.I ACCEPTANCE LIMIT

DEVIATION FROM BOOK RATES

S.I ACCEPTANCE LIMIT

DEVIATION FROM BOOK RATES

S.I ACCEPTANCE LIMIT

DEVIATION FROM BOOK RATES

S.I ACCEPTANCE LIMIT

DEVIATION FROM BOOK RATES

35% on Book Rates

P.A (Table B/C)

DEVIATION FROM BOOK RATES

The Total S.I under Fire Section not to exceed 50 Crores

EL./MECH. B'DN D.O.S (REFRIDG.)

10.00 100.00 10.00 10.00 5.00 150.00 25.00

S.I ACCEPTANCE LIMIT

M9

35% on Book Rates

TV, VIDEO LAPTOP, MOB.PH. AIR-NEON SIGN

7.50 10.00 7.50 10.00 7.50 TARIFF 10.00

DEVIATION FROM BOOK RATES

The Total S.I under Fire Section not to exceed 50 Crores

E.E.I (NO AMC 100% LOAD)

35.00 20.00

S.I ACCEPTANCE LIMIT

25% on Book Rates

FXD.GLAS/SANIT.

2.50 4.00 (+5)

M8

The Total S.I under Fire Section not to exceed 35 Crores

MONEY F.G

2000.00

M7

25% on Book Rates

12

SI >1<2.5 Cr.

BURG. (BLDG.)

2000.00

1.00 0.75 0.05

M6

The Total S.I under Fire Section not to exceed 35 Crores

2-B 3-A 3-B 4 5 6-A 6-B 6-C 7-A 7-B 8 9 10 11-A 11-B

SI < 1 Cr.

M5

15% on Book Rates

2-A

BURG. (CONT.)

TARIFF (TER. XTRA)

M4

The Total S.I under Fire Section not to exceed 25 Crores

1-A FIRE (CONT.) 1-B FIRE (BLDG.)

RATE

15% on Book Rates

DESCRIPTION

PROPOSED CADRE-WISE AUTHORITIES FOR S.I ACCEPTANCE & RATES CURRENT S.I ACCEPTANCE LIMITS FOR SBU's

The Total S.I under Fire Section not to exceed 25 Crores

SEC.

ALL AMOUNTS : RS. IN LACS

# Note : Siebel Calcualtors not to be used for calculation of rates for sections under Protector Policies

38 of 41

Rev. 0

July 2008

0

INDUSTRY PROTECTOR ALL RATES : PER MILLE

SECTIONS

F.G

9

BUSI. INTERRUPT

P.A (TABLE C)

10-A PUB. LIAB. 10-B W.C

4.00 (+10)

25.00

1.00

15.00

1A*125%

INCLUDED IN SEC. 1

1.50 TARIFF

100.00

RATE ACCEPTANCE ALLOWED

S.I ACCEPTANCE LIMIT

RATE ACCEPTANCE ALLOWED

S.I ACCEPTANCE LIMIT

RATE ACCEPTANCE ALLOWED

S.I ACCEPTANCE LIMIT

RATE ACCEPTANCE ALLOWED

35% on Book Rates

7 8

2.00

S.I ACCEPTANCE LIMIT

The Total S.I under Fire Section not to exceed 70 Crores

MONEY

RATE ACCEPTANCE ALLOWED

M9

35% on Book Rates

100.00 100 TRANSIT 200 SAFE

6

S.I ACCEPTANCE LIMIT

The Total S.I under Fire Section not to exceed 70 Crores

1000.00

15.00

M.B.D B.P.P

5000.00

RATE ACCEPTANCE ALLOWED

25% on Book Rates

10.00

LAPTP/MOB. etc.

SI >1<2.5 Cr.

BURG. (BLDG.)

S.I ACCEPTANCE LIMIT

The Total S.I under Fire Section not to exceed 60 Crores

E.E.I (TERR. XTRA)

SI >0.5<1 Cr.

M8

25% on Book Rates

1000.00 1000.00

BURG. (CONT.)

M7

The Total S.I under Fire Section not to exceed 60 Crores

2-B 3-A 3-B 4 5

5000.00

0.90 0.65 0.40 SAME TARIFF TARIFF

SI < 0.5 Cr.

M6

15% on Book Rates

2-A

TARIFF (TER. XTRA)

M5

The Total S.I under Fire Section not to exceed 55 Crores

1-A FIRE (CONT.) 1-B FIRE (BLDG.)

RATE

15% on Book Rates

DESCRIPTION

PROPOSED CADRE-WISE AUTHORITIES FOR S.I ACCEPTANCE & RATES M4

The Total S.I under Fire Section not to exceed 55 Crores

SEC.

CURRENT S.I ACCEPTANCE LIMITS FOR SBU's

ALL AMOUNTS : RS. IN LACS

# Note : Siebel Calcualtors not to be used for calculation of rates for sections under Protector Policies

39 of 41

Rev. 0

July 2008

0

Retail-lines Products PROPOSED CADRE-WISE AUTHORITIES FOR S.I ACCEPTANCE & RATES

PRODUCT

P.M.L

CURRENT S.I ACCEPTANCE LIMITS FOR AN SBU

M5

M4

M7

M6

M9

M8

S.I ACCEPTANCE LIMIT

RATE DEVIATION ALLOWED

S.I ACCEPTANCE LIMIT

RATE DEVIATION ALLOWED

S.I ACCEPTANCE LIMIT

RATE DEVIATION ALLOWED

S.I ACCEPTANCE LIMIT

RATE DEVIATION ALLOWED

S.I ACCEPTANCE LIMIT

RATE DEVIATION ALLOWED

S.I ACCEPTANCE LIMIT

RATE DEVIATION ALLOWED

ALL RISK INSURANCE

Sum Insured

25 LACS

30 LACS

20%

30 LACS

20%

40 LACS

25%

40 LACS

25%

50 LACS

30%

50 LACS

30%

CATTLE

Sum Insured

20 THOUSAND

20 THOUSAND

NIL

20 THOUSAND

NIL

30 THOUSAND

10%

30 THOUSAND

10%

40 THOUSAND

15%

40 THOUSAND

15%

CRITICAL ILLNESS

Sum Insured

FOR GROUP ONLY. TOTAL S.I 75 LACS

FOR GROUP ONLY. TOTAL S.I 75 LACS

NIL

FOR GROUP ONLY. TOTAL S.I 75 LACS

NIL

FOR GROUP ONLY. TOTAL S.I 100 LACS

5%

FOR GROUP ONLY. TOTAL S.I 100 LACS

5%

FOR GROUP ONLY. TOTAL S.I 125 LACS

15%

FOR GROUP ONLY. TOTAL S.I 125 LACS

15%

15%

30 LACS EACH INDIVIDUAL / FLOATER FOR A NAMED COVER ONLY

15%

40 LACS EACH INDIVIDUAL / FLOATER FOR A NAMED COVER ONLY

25%

40 LACS EACH INDIVIDUAL / FLOATER FOR A NAMED COVER ONLY

25%

50 LACS EACH INDIVIDUAL / FLOATER FOR A NAMED COVER ONLY

35%

50 LACS EACH INDIVIDUAL / FLOATER FOR A NAMED COVER ONLY

35%

PLAIN VANILLA COVER UPTO 45 YEARS OF AGE

5% ON BOOK RATES. NO GD.

PLAIN VANILLA COVER UPTO 45 YEARS OF AGE

10% ON BOOK RATES. NO GD.

PLAIN VANILLA COVER UPTO 45 YEARS OF AGE

10% ON BOOK RATES. NO GD.

PLAIN VANILLA COVER UPTO 45 YEARS OF AGE

15% ON BOOK RATES. NO GD.

PLAIN VANILLA COVER UPTO 45 YEARS OF AGE

15% ON BOOK RATES. NO GD.

FIDELITY GUARANTEE

25 LACS FOR EACH 30 LACS EACH Non-Float./Floater INDIVIDUAL / FLOATER INDIVIDUAL / FLOATER FOR A NAMED COVER : Highest S.I / S.I FOR A NAMED COVER ONLY ONLY

GROUP MEDICLAIM

Sum Insured

PLAIN VANILLA 45 YEARS AGE. GD AS MANUAL

GROUP PERSONAL ACCIDENT

Total S.I for Top 20 lives

125 LACS. TABLE B/C ONLY. GD AS MANUAL

175 LACS FOR TABLE B/C ONLY. GD AS MANUAL.

15% FOR MINIMUM GROUP OF 100

175 LACS FOR TABLE B/C ONLY. GD AS MANUAL.

15% FOR MINIMUM GROUP OF 100

200 LACS FOR TABLE B/C ONLY. GD AS MANUAL

20% IF THE MINIMUM GROUP STRENGTH IS 100

200 LACS FOR TABLE B/C ONLY. GD AS MANUAL

20% IF THE MINIMUM GROUP STRENGTH IS 100

250 LACS FOR TABLE B/C ONLY. GD AS MANUAL

25% FOR MINIMUM GROUP OF 100

250 LACS FOR TABLE B/C ONLY. GD AS MANUAL

25% FOR MINIMUM GROUP OF 100

INDIVIDUAL PERSONAL ACCIDENT

Sum Insured

10 LACS TABLE B/C COVER ONLY

15 LACS TABLE B/C COVER ONLY

NIL

15 LACS TABLE B/C COVER ONLY

NIL

20 LACS TABLE B/C COVER ONLY

NIL

20 LACS TABLE B/C COVER ONLY

NIL

25 LACS TABLE B/C COVER ONLY

10%

25 LACS TABLE B/C COVER ONLY

10%

INDIVIDUAL MEDICLAIM

Sum Insured

AGE : 45 YEARS AND S.I : 5 LACS

AGE : 45 YEARS AND S.I : 5 LACS

NIL

AGE : 45 YEARS AND S.I : 5 LACS

NIL

AGE : 45 YEARS AND S.I : 5 LACS

NIL

AGE : 45 YEARS AND S.I : 5 LACS

NIL

AGE : 50 YEARS AND S.I 5 LACS SUBJECT TO NO DEVIATION IN THE MEDICAL REPORTS

NIL

AGE : 50 YEARS AND S.I 5 LACS SUBJECT TO NO DEVIATION IN THE MEDICAL REPORTS

NIL

20%

SINGLE CARRYING 30 LACS CASH-IN-SAFE 50 LACS

20%

SINGLE CARRYING 35 LACS :::: CASH-IN-SAFE 50 LACS

25%

SINGLE CARRYING 35 LACS ::: CASH-IN-SAFE 50 LACS

25%

SINGLE CARRY : 50 LACS CASHIN-SAFE : 50 LACS

30%

SINGLE CARRY : 50 LACS CASHIN-SAFE : 50 LACS

30%

MONEY

PLAIN VANILLA COVER 5% ON BOOK RATES. NO GD. UPTO 45 YEARS OF AGE

Higher of Single SINGLE CARRYING SINGLE CARRY 30 LACS 30 LACS Carrying / Cash-inCASH-IN-SAFE 50 LACS CASH-IN-SAFE 50 LACS safe

40 of 41

Rev. 0

July 2008

Decentralisation of Financial Authority for Refund of Premium ALL AMOUNTS : INR

Sno. Reason for Refund

Misc.

1

Finalisation of Provisional Sum Insured

10,000

2

Cancellation of Policies including cancellation due to replacement by new policy / policies with same / larger Sum Insured

20,000

3

Adjustment of Sum Insured on Policies subject to declaration / annual adjustment for Declaration / Floater Declaration / MOP etc. Policies

1,00,000

Note : All Refunds shall be authorised only by the Head of the respective policy issuing SBU Al Refunds shall be serially numbered starting from 0 each financial year with separate serial and shall be in the refund format Beyond the above limits nad refunds not mentioned above are to be sent to CO alongwith the following details : 1. Refund Format 2. Refund Calculation 3. Supporting Documents, if any

41 of 41

Rev. 0

July 2008