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Public Liability Policy 

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Note-Product Liability Policy

  • Particulars of cover liability and exclusion given above are not complete or exhaustive :
  • Our nearest Branch Office branch may be approached for complete details.
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Schedule of Compensation-Product Liability Policy

Policy will not Pay under below circumstances:
  • Reimbursement of medical expenses incurred upto a maximum of Rs.12 500 in each case.
  • For a fatal accident the relief will be Rs.25 0 per person in addition to reimbursement of medical expenses if any incurred on the victim upto a maximum of Rs.12 500
  • For permanent total or permanent partial disability or other injury or sickness the relief will be :

(a)Reimbursement of medical expenses incurred if any upto a maximum of Rs.12 500 in each case and

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Insurance Limits-Product Liability Policy

Insurance limits are as below:
  • Any one accident : Minimum equal to Paid up Capital upto a maximum of Rs.5 crores.
  • Any one year : 3 times of `Any one accident limit subject to a maximum of Rs.15 crores.
Liability beyond Insurance
  • In case of claim/s exceeding the above statutory limit/s it is to be met by the Environmental Relief Fund to be set up under Section 7A of the Act and managed by the Authority appointed by the Central Government.
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