Miscellaneous Insurance

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The long and rich history of friendship that the Kingdom of Bahrain and the Republic of India share is founded on trust and a robust trade and business partnership since the time of the Dilmun and Indus Valley civilizations.

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Miscellaneous Insurance refers to contracts of insurance other than those of Life, Fire and Marine insurance. It covers a variety of risks, the chief of which are:-

Personal Accident insurance
Personal Accident insurance is insurance for individuals or groups of persons against any personal accident or illness. The risk insured is the bodily injury resulting solely and directly from accident caused by violent, external and visible means. A contract of personal accident insurance is not a contract of indemnity and the insurer has to pay a fixed sum of money on the death or total disablement of the insured or provide medical benefits for recovery from the injury. If risks against certain specified diseases are also covered, the policy is known as 'Personal Accident and Sickness Insurance'

Money Insurance.
Money Insurance policy provides cover for loss of money in transit between the insured's premises and bank or post office or other specified places occasioned by robbery, theft or any other fortuitous cause. The policy also covers loss by burglary or housebreaking whilst money is retained at Insured's premises in safe(s) or strong room.

Fidelity Insurance
Under it, the insurer undertakes to compensate the insured i.e. the employers against the losses suffered by him due to the employees. The losses may be due to fraud, dishonesty, misappropriation of funds, goods or damages to property caused by the employees. In order to avail the protection under it, the employer is required to provide all material facts about their employees to the insurer and also, notify all changes in the condition of their service.

Credit Insurance
Credit Insurance is a policy taken to cover the loss which may arise due to bad debts or non-payment of dues by the debtors. It provides protection to businessmen, who sell goods on credit terms while substantially reducing the overall risk of exposure to non-payment. It protects them against losses arising out of insolvency of their debtors. It thus enables a business to take advantage of peak and cyclical selling periods and to safely expand into new product lines or territories.

Employers Liability Insurance
An employer is required to pay compensation to his workers who receive injuries or contract occupational diseases during the course of their work. Such compensation is payable under the law, and over and above the compensation fixed by GOSI

Travel insurance
An employer is required to pay compensation to his workers who receive injuries or contract occupational diseases during the course of their work. Such compensation is payable under the law, and over and above the compensation fixed by GOSI

Jewelers Block Insurance
This is a package policy specially designed for jewelers & diamontaires i.e. those establishments dealing solely in diamonds.

Health Insurance For Sr Citizens
This policy was designed to take care of the twin requirements of LMRA Visa for a large population of Expatriate Residents above age 60 years as well as their Hospitalization claims.