Fire Insurance is a type of insurance contract that provides financial protection against losses or damages caused by fire and related perils. It helps individuals or businesses recover from the destruction or damage to property (such as buildings, machinery, stock, or household items) caused by fire and related perils.
Fire Insurance Covers the Fire and/or Lightning risks only. The Fire Insurance premium is charged in accordance with Tariff rate provide by Insurance Development and Regulatory Authority (IDRA). However; additional perils to be covered in the Fire Insurance by additional premium as below:
| Riot and Strike Damage | |
| Flood | |
| Cyclone | |
| Earthquake (Fire & Shock) | |
| Explosion | |
| Aircraft Damage | |
| Impact Damage | |
| Bursting of Pipes | |
| Landslide/Hillslide/Landslip | |
| Electrical Clause 'B' |
Minimum sum insured required to qualify for package rate is Tk. 20 crore and Minimum additional perils to be covered are 5 (Five), in addition to the main fire peril.
Required Informations for Fire Insurance: Name of Financial Institution & Address, Insured Name & Address, Proprietor/Name of the Owner, Risk Period, Interest, Risk or Perils Covered, Construction, Occupation/Used, Situation & Sum-Insured.
This Policy does not cover those perils, Terms, Conditions, Warranties, Exclusions & Deductible which are specifically excluded by the policy wording.
N.B.: For details, you are requested to contact to our nearest branch or Head Office.
An Industrial All Risks (IAR) Insurance is a Comprehensive Insurance designed to protect large-scale industrial or commercial establishments from a wide range of risks that could damage their physical assets. This insurance provides "All Risk" Coverage (Except Specific Exclusions) for physical loss or damage to buildings, plant and machinery, stocks, and other assets.
IAR Insurance shall be eligible the minimum sum insured of Taka 50,00,00,000.00 (Fifty Crore) and above.
Fire and/or Lightning, Riot & Strike Damage (R&SD), Explosion (Other than Boiler Explosion), Electrical Clause `B`, Flood, Cyclone, Tsunami, Earthquake (Fire & Shock), Air Craft Damage, Impact Damage, Bursting of Pipes & Burglary Risk. This Policy does not cover those perils, Terms, Conditions, Warranties, Exclusions & Deductible which are specifically excluded by the policy wording.
Name of Financial Institution & Address, Insured Name & Address, Proprietor/Name of the Owner, Risk Period, Interest, Risk or Perils Covered, Construction, Occupation/Used, Situation & Sum-Insured.
N.B.: For details, you are requested to contact to our nearest branch or Head Office.