सुझाव
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हेल्थ इंश्योरेंस
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ग्रुप पर्सनल एक्सीडेंट
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बाइक बीमा
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कार इंश्योरेंस
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कैट इंश्योरेंस
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check car details
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स्वास्थ्य बीमा योजनाएं
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हेल्थ कवर प्लान
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टू व्हीलर इंश्योरेंस
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2 व्हीलर इंश्योरेंस
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renewal of car insurance
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कार बीमा रिन्यू करें
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कार इंश्योरेंस रिन्यूअल
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कार इंश्योरेंस रिन्यू
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कार इंश्योरेंस ऑनलाइन
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मारुति सुजुकी कार इंश्योरेंस
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मारुति सुज़ुकी इंश्योरेंस
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मारुति इंश्योरेंस
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ट्रैवल इंश्योरेंस
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car no details
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car number details
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परिवार के लिए हेल्थ इंश्योरेंस प्लान
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medical insurance plans for family
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भारत में सर्वश्रेष्ठ हेल्थ इंश्योरेंस
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good health insurance in india
वाणिज्यिक बीमा
इंजीनियरिंग बीमा
मुख्य विशेषताएं
From Concept to Completion, We've Got You Covered
Coverage Highlights
Get Comprehensive coverage for your engineering projects
कम्प्रीहेंसिव कवरेज
Provides comprehensive coverage for ongoing projects and projects under development, including physical damage to projects and machinery, third-party liability, machinery breakdowns, natural disasters, and professional indemnity for errors or negligence
Financial Protection for Enterprises
Engineering insurance protects enterprises from financial losses due to project damage, liability, machinery breakdowns, and natural disasters
Wide Range of Options
Multiple policy options to choose from as per your unique needs of each project
Types of Engineering Insurance Policies
Choose the policy best suited for your Project's unique requirementsErection All Risk (EAR) Insurance
This type of insurance is designed for large, complex projects such as the construction of power plants, bridges, and industrial facilities wherein the civil work is relatively less. It covers a wide range of risks, including damage to materials, equipment, and injury to workers during the erection phase
Construction All Risk (CAR) Insurance
CAR insurance is tailor-made for construction projects wherein the majority of work is civil, covering risks like damage to property, machinery, and injury to workers. It provides a comprehensive solution to safeguard construction sites from unforeseen events
Contractors' Plant and Machinery (CPM) Insurance
This insurance specifically focuses on protecting the machinery and equipment used by contractors like excavators, bulldozers, concrete mixers, pile rigs and like machineries used in construction projects. It covers damage, theft, and other perils that can affect these crucial assets
Civil Engineering Completed Risks
Provides coverage for infrastructural assets like roads, bridges, tunnels, and ports against physical damage from events such as fire, floods, storms, earthquakes, and accidents. It ensures businesses are protected from significant financial losses due to damage to completed civil engineering projects
Many more
Other Engineering Insurance policies such as Boiler & pressure plant, Machinery Breakdown Insurance, Machinery Loss of Profit Insurance compliment the above policies
इंजीनियरिंग बीमा
COMPREHENSIVE COVERAGE FOR YOU
BestSeller
इरेक्शन ऑल रिस्क
- Protection from natural disasters
- Cover during testing, commissioning
- Coverage for storage on-site
BestSeller
Construction All Risk
- Tailor-made for civil projects
- Coverage for construction work
- Liability cover for property damage
BestSeller
Contractors Plant & Machinery
- Accidental damage to machinery
- Fire, explosion & lightning damage
- Theft, burglary of equipments
Affordable Engineering Insurance for Everyone
Why Bajaj Allianz?
सभी सूची देख ली गई हैं
पॉलिसी डॉक्यूमेंट डाउनलोड करें
Get instant access to your policy details with a single click.
Trusted Risk Advisor
Mobile Self Risk Assessment
PRIME Inspection app helps to evaluate quality of your property (Shop, Office, Plant or Others) having SI upto INR 50 crs. It is simple to navigate having multiple Q & A designed for client
Instant Generation of Risk Report
It helps Provide Risk Recommendations, Risk Quality Rating (RQR), Peer Comparison & GAP Analysis for the client
अक्सर साथ खरीदे गये
सभी सूची देख ली गई हैं
चरण-दर-चरण गाइड
To help you navigate your insurance journey
कैसे खरीदें
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0
Visit the Bajaj Allianz General Insurance website
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Fill in the lead generation form with accurate details
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2
Get quote, make payment and receive the policy documents
रिन्यू कैसे करें
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Contact the Policy Issuing Office
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Review expiring policy and share necessary details
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Receive renewal quote
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Make renewal payment
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Receive the renewed policy documents via email
क्लेम कैसे करें
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Contact us through our customer service touchpoints
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Submit the claim form along with the necessary documents
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Provide details of the incident and any supporting evidence
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Cooperate with the claims investigation process
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Receive the claim settlement as per the policy terms
अधिक जानें
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For any further queries, please reach out to us
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Toll Free : For Sales :1800-209-0144
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Email ID: bagichelp@bajajallianz.co.in
क्विक लिंक
Instant help for your diverse needs
इंश्योरेंस समझो
गंभीर बीमारी के लिए बीमा
Health Claim by Direct Click
पर्सनल एक्सीडेंट पॉलिसी
ग्लोबल पर्सनल गार्ड पॉलिसी
Claim Motor On The Spot
Two-Wheeler Long Term Policy
24x7 रोडसाइड/स्पॉट सहायता
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Caringly Yours (Motor Insurance)
ट्रैवल इंश्योरेंस क्लेम
कैशलेस क्लेम
24x7 Missed Facility
ट्रैवल इंश्योरेंस क्लेम फाइल करना
My Home–All Risk Policy
होम इंश्योरेंस क्लेम प्रोसेस
होम इंश्योरेंस आसान किया गया
होम इंश्योरेंस कवर
Explore our articles
सभी सूची देख ली गई हैं
Create a Profile With Us to Unlock New Benefits
- Customised plans that grow with you
- Proactive coverage for future milestones
- Expert advice tailored to your profile
हमारे ग्राहक क्या कहते हैं
Hassle-Free Policy Issuance
I recently purchased an Engineering Insurance policy from Bajaj Allianz for my construction business. The entire process was seamless, and the documentation was minimal.
Rohit Mehta
मुंबई
10th Dec 2024
कम्प्रीहेंसिव कवरेज
The policy covers everything from contractor risks to equipment breakdowns. This is exactly what my business needed to stay protected from unexpected damages.
Sandeep Yadav
दिल्ली
11th Jul 2023
Excellent Customer Support
I had a lot of queries before purchasing the policy, and the customer support team patiently explained every detail. Their guidance made it easy for me to choose the right plan.
Karthik Iyer
चेन्नई
25th Sep 2024
Quick and Transparent Claims
My firm suffered damage to some expensive machinery, and Bajaj Allianz settled my claim in record time. The process was smooth, with no hidden conditions.
Vikram Rajput
अहमदाबाद
17th Aug 2024
Ideal for Contractors
As a contractor, I needed insurance that covers accidental damages at the project site. This policy gives me peace of mind, knowing my business is secure.
Manish Verma
पुणे
26th Jul 2024
Great for Infrastructure Projects
I work in infrastructure development, and this insurance has been a lifesaver. It provides extensive coverage for machinery, third-party liabilities, and worksite accidents."
Preeti Nair
बेंगलुरु
18th Apr 2024
Covers Third-Party Liability
What impressed me the most is that this policy also includes third-party liability, which is crucial in my line of work. This helps prevent financial losses due to unexpected mishaps.
Arvind Gupta
लखनऊ
10th Jan 2024
सामान्य प्रश्न
What is engineering insurance?
Engineering insurance protects businesses against construction, machinery, and equipment risks. It covers accidental damage, breakdowns, and losses during projects or operations.
Who needs engineering insurance?
Engineering insurance is essential for heavy machinery contractors, builders, manufacturers, and businesses. It safeguards against financial losses due to accidents, equipment breakdowns, and project risks.
How is the premium for engineering insurance calculated?
Premiums depend on factors like the type of coverage, project value, risk level, equipment cost, location, and past claims history. Insurers assess these aspects to ensure fair pricing based on the risk exposure.
What is boiler and pressure plant insurance?
Boiler and pressure plant insurance protects against damage to boilers, pressure vessels, and related equipment. It covers explosion, collapse, and other operational risks, ensuring that businesses can repair or replace damaged components without major financial strain.
Are there exclusions in engineering insurance?
Yes, exclusions include normal wear and tear, wilful negligence, war-related damages, and pre-existing defects. Always review policy documents to understand what is not covered.
Does engineering insurance cover defective workmanship?
No, engineering insurance generally does not cover losses due to poor workmanship, faulty design, or the use of defective materials.
What is a Contractor All Risk Insurance?
The Contractor All Risk (CAR) insurance covers damages to a construction site, materials, and equipment during a project. It also includes third-party liability for accidental damage or injury caused at the site.
What is Erection All Risk insurance?
Erection All Risk (EAR) insurance covers risks involved in installing and testing machinery, plants, and equipment. It protects against accidental damages, including fire, theft, and breakdowns.
What is material damage under engineering insurance policy?
Under this, the company agrees with the Insured that if, during the policy period, the insured property (excluding packing materials) is lost, damaged, or destroyed by any cause not specifically excluded, requiring repair or replacement, the company will cover the loss up to the insured amount. It also covers debris removal up to the policy limits.
What is the reinstatement of the sum insured under engineering policy?
Reinstatement of the sum Insured means that after a loss or damage, the insurance coverage remains in force for the insured amount. The insured must pay a pro-rata additional premium on the full claim amount from the date of loss until the policy expires, ensuring continued protection without reducing the original sum insured during the policy peri
What is liability coverage under engineering insurance?
Liability coverage under engineering insurance indemnifies the insured against legal liability for accidental damage to third-party property, excluding property used in construction. It also covers liability for injuries to third parties, excluding employees or family members. It also covers litigation costs.
इलेक्ट्रॉनिक इक्विपमेंट इंश्योरेंस क्या है?
Electronic equipment insurance protects businesses from losses due to accidental damage, fire, theft, or short circuits affecting electronic devices like computers, servers, medical equipment, and industrial electronics.
How can I choose the right engineering insurance policy?
Assess business needs, project risks, equipment value, and coverage options. Compare policies from different insurers, check coverage limits, exclusions, and premium costs, and seek expert advice to select the best policy that aligns with your requirements.
What is the claim process under engineering insurance?
For claim approval, the insurer appoints a surveyor within 72 hours of claim intimation to assess the loss. Within 7 days, the insurer or surveyor informs the claimant about the documents. The claim is processed based on the surveyor’s findings and policy terms
Is there a waiting period for claims?
Most engineering insurance policies do not have a waiting period for accidental damages. However, certain coverages, such as loss of profit due to machinery breakdown, may have a waiting period before claims can be made.
What is the basis of loss settlement under engineering insurance?
In the event of a loss or damage, settlement is based on repair costs to restore the property to its prior condition, deducting salvage. If the property is a total loss, settlement is based on its actual value before damage minus salvage. Total loss rules apply if repair costs equal or exceed the pre-damage value.
What documents are required to file a claim for engineering insurance?
Policy details, loss reports, and damage assessment reports are some of the common documents required to file a claim under an engineering insurance.
How long does it take to process claim requests?
The claim processing time for your claim request can differ from one insurer to another. We try to resolve your claim request as soon as possible.
Do I need to renew engineering insurance?
Engineering insurance may not always be mandatory but is often required for large construction projects, industrial plants, and businesses using heavy machinery. Many clients and regulatory bodies mandate coverage to protect against unforeseen losses.
Can engineering insurance be transferred to another company?
Engineering insurance is generally non-transferable. A new policy may be required if a project is transferred to a new contractor. However, in some cases, with insurer approval, policy endorsements can be made to accommodate ownership changes.
Can engineering insurance be customised during renewal?
Yes, engineering insurance policies can be customised based on business needs at the time of renewal. Policyholders can add coverage extensions, adjust coverage limits, or include additional protections for specific risks related to construction projects, equipment, or operations.
Who should I contact to renew my engineering insurance policy?
You can contact our customer support if you have invested in an engineering insurance policy from us. Our team will help you in ensuring comprehensive coverage for your project.
What is the process of renewing engineering insurance policy?
Talk to your insurance provider if you need to renew your engineering insurance plan. The renewal process can vary from one insurance provider to another.
Why juggle policies when one app can do it all?
Download Caringly your's app!
What is engineering insurance?
Engineering insurance is a specialized branch of insurance tailored to protect projects, equipment, and businesses within the field of engineering. It provides financial security against unforeseen risks and disasters that may disrupt the progress and profitability of engineering endeavors.
Engineering projects are often complex and involve various inherent risks such as accidents, material damage, machinery breakdowns, or unexpected events. Engineering insurance helps mitigate these risks by providing coverage against unforeseen circumstances, reducing financial liabilities for the insured.
Engineering insurance supports the smooth functioning and success of engineering projects, which are often capital-intensive and subject to a wide array of potential risks. It offers protection against losses due to damage or destruction of engineering works, machinery, or equipment. This protection can include repairs or replacements, as well as compensation for business interruptions, ensuring financial stability for the insured.
*मानक नियम व शर्तें लागू
Why is Engineering Insurance Important?
The importance of engineering insurance cannot be overstated, as it serves multiple critical purposes:
● Risk Mitigation: Engineering projects, whether construction, installation, erection or operation, are prone to various risks such as accidents, equipment failure, and/or natural disasters. Engineering insurance helps mitigate these risks by providing coverage against unforeseen circumstances, reducing financial liabilities for the insured.
● Financial Protection : It offers financial protection against losses due to damage or destruction of engineering works, machinery, or equipment. This protection can include repairs or replacements, as well as compensation for business interruptions, ensuring financial stability for the insured.
● Business Continuity:Engineering projects often have pre-decided timelines and dependencies. Any disruption or delay can have a cascading effect on the entire project. Engineering insurance ensures that, in the event of unforeseen circumstances, the project can continue without major financial setbacks.
● Peace of Mind:Protecting your engineering project by Bajaj Allianz Engineering Insurance provides peace of mind. It allows engineers, contractors, and business owners to focus on the job at hand, rather than worrying about potential financial losses.
● Boosting Confidence and Credibility:Having comprehensive insurance coverage in place can boost confidence among stakeholders, clients, investors, and lenders, enhancing the credibility and attractiveness of the project.
Types of Engineering Insurance Plans in India
Engineering insurance encompasses a variety of insurance plans to address the specific needs and risks associated with different types of projects. Here are some of the most common types of engineering insurance plans:
1. Erection All Risk (EAR) Insurance :
This type of insurance is designed for large, complex projects such as the construction of power plants, bridges, and industrial facilities wherein the civil work is relatively less. It covers a wide range of risks, including damage to materials, equipment, and injury to workers during the erection phase.
2. Construction All Risk (CAR) Insurance :
CAR insurance is tailor-made for construction projects wherein the majority of work is civil, covering risks like damage to property, machinery, and injury to workers. It provides a comprehensive solution to safeguard construction sites from unforeseen events.
3. Contractors' Plant and Machinery (CPM) Insurance :
This insurance specifically focuses on protecting the machinery and equipment used by contractors like excavators, bulldozers, concrete mixers, pile rigs and like machineries used in construction projects. It covers damage, theft, and other perils that can affect these crucial assets.
4. Deterioration Of Stocks
5. Civil Engineering Completed Risks
6. Boiler and Pressure Vessel Insurance
7. Machinery Breakdown Insurance
8. Machinery Loss of Profit Insurance
9. EEIP (Electronic Equipment Insurance Policy):
In conclusion, engineering insurance is the bedrock upon which the stability and success of engineering projects and businesses are built. Its diverse range of plans provides tailored protection against a multitude of risks, ensuring that progress continues unhindered, financial investments remain secure, and peace of mind prevails in the world of engineering. When it comes to safeguarding your engineering endeavors, the right insurance plan can mean the difference between prosperity and potential disaster.
ध्यान दें: For complete information, please refer to the policy wordings carefully.
What makes our insurance unique
With Motor On-The-Spot, Health Direct Click, etc we provide fast claim process , Our sales toll free number:1800-209-0144
