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Bharat Sookshma Udyam Suraksha Policy
Dec 1, 2023

Here’s A Brief Guide On The Bharat Sookshma Udyam Suraksha Policy For Shopkeepers

Shopkeepers play a vital role in the Indian economy, serving as the backbone of local commerce. These small business owners often face various challenges, including financial instability and security concerns. To address some of these issues, the government of India has introduced the Bharat Sookshma Udyam Suraksha Policy, a comprehensive insurance scheme designed to safeguard the interests of small shopkeepers. Let’s  delve into the details of this policy, its benefits, and how shopkeepers can avail of its protection.

Understanding the Bharat Sookshma Udyam Suraksha Policy (BSUS)

It is a government-backed insurance scheme specifically tailored for small and medium-level shopkeepers across India. This policy aims to provide financial security and protection against various risks shopkeepers commonly encounter in their day-to-day business operations.

Eligibility Criteria

To benefit from this policy, shopkeepers must meet certain eligibility criteria. The following are the key prerequisites:
  1. The value of your business assets shall not exceed ₹5 crore at the time of policy purchase
  2. If you are the owner of the place being used for commercial purposes
  3. If you are a tenant or a lessee who is using the place for commercial purposes
If, during the policy tenure, the value of assets exceeds ₹5 crore, your policy will be replaced with a policy providing the appropriate coverage for your assets post the expiry period.#

Coverage And Exclusions Of The Policy

The inclusions of the policy are as follows*:
  1. Damage due to fire combustion or explosion
  2. Damage due to landslides/rockslide
  3. Damage due to impact from a vehicle
  4. Damage due to riots
The exclusions of the policy are as follows*:
  1. Damage caused to the working of the equipment
  2. Damage caused due to alterations, excavation or renovation done around the property
  3. Damage caused due to a vehicle owned or belonging to the insured
  4. Damage caused due to illegal activities being conducted on the property
Claims are subject to terms and conditions set forth under shopkeeper insurance policy.*

Benefits of BSUS

The Bharat Sookshma Udyam Suraksha Policy offers several benefits to shopkeepers, making it a valuable asset for small businesses:
  • Financial Protection

One of the primary advantages of this policy is financial protection. Shopkeepers can claim compensation in case of loss or damage to their shop's contents due to fire, accidents, or theft. This financial support can help them recover quickly and continue their business operations. Claims are subject to terms and conditions set forth under shopkeeper insurance policy.*
  • Protection Against Multiple Risks

The policy provides protection against a range of risks, including fire, earthquake, flood, burglary, and more. Shopkeepers can have peace of mind knowing they are covered against various unforeseen events. Claims are subject to terms and conditions set forth under shopkeeper insurance policy.*
  • Timely Claims Settlement

In the event of a claim, the policy aims to settle claims in the shortest time possible, allowing shopkeepers to recover their losses and get back to business as soon as possible. Claims are subject to terms and conditions set forth under shopkeeper insurance policy.* As a shopkeeper, a main concern is the damage that might be caused due to fire. Fire damages are expensive and can be hard on businesses, especially shops. The coverage provided by the policy means can help an individual not purchase any additional fire insurance for their business.

How To Purchase The Policy

Shopkeepers interested in this type of general insurance can follow these steps to avail of its benefits:
  • Identify Your Eligibility

Ensure your shop meets the eligibility criteria mentioned earlier, such as shop size, type, and the sum insured you need.
  • Choose an Insurer

Various insurance companies offer this type of MSME insurance. Shopkeepers can choose a reputable insurer who provides this policy and has a good track record in claims settlement.
  • Complete the Application

Fill out the application form for the policy, providing accurate information about your shop, the assets, and any additional detail required.
  • Pay the Premium

After the submission of details and documents, pay the premium amount.
  • Policy Issuance

Once your application is processed and accepted, the insurer will issue your policy document, detailing the terms and conditions.


The Bharat Sookshma Udyam Suraksha Policy is a valuable insurance scheme for small shopkeepers, offering them financial protection and peace of mind. With its customizable coverage, affordability, and protection against multiple risks, this policy is a wise investment for shopkeepers looking to secure their businesses. By understanding the eligibility criteria, benefits, and the process to avail the policy, shopkeepers can ensure they are well-prepared for any unforeseen events that may impact their business. In a world of uncertainties, the policy is a safety net to safeguard their livelihood.   *Standard T&C Apply #Visit the official website of IRDAI for further details Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.

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