Brief description of damages*
Whether any injury/damages *
If you would like to register a claim
Please call us on
*Please note: If you have checked the box, you will receive calls from Magma even
if you are on the DNC list.
When a loss occurs due to any of the perils covered under
Machinery /Boiler Loss of Profit Policy, you will be insured for
the reinstatement/ repair/ replacement of the damaged machinery.
The time period between the date on which the loss occurs and the
date on which the entire reinstatement/repair/replacement is
complete and the normal production restarts is the 'Period of
Interruption'. This would result in a reduction in turnover/output
causing subsequent loss of profits. The intention of this policy is
to make good of this loss.
Machinery loss of profit covers consequential loss suffered by
insured as an inevitable consequence of accidental breakdown of any
The Machinery/Boiler Loss of Profit Policy covers
The basic requirement is that the loss of gross profit and/or
increase in cost of working has to be as a consequence of an
insured peril under the material damage policy.
The machinery/boiler loss of profit policy covers
Premium is based on various risk factors of the critical
machineries due to breakdown of which the operations at insured
premises may be hampered/ stopped.
The rating depends on:
Magma HDI General Insurance Co. Ltd. All Rights Reserved.
IRDAI Reg. No. 149 dated 22nd May, 2012. CIN: U66000WB2009PLC136327
Insurance is the subject matter of solicitation.
Images used on this website and the models photographed in them
are for representative purposes
only and are not indicative of anyone's personal thoughts or ideas
Magma and HDI names and logos are trade names/marks of Magma
Fincorp Ltd., and HDI Global SE
and are being used by Magma HDI General Insurance Co. Ltd., under
agreement with owners of such trade names/marks.
Please note: Upload PDF or Word files only Up to 1 MB
Thank you for contacting us. We will get in touch with you shortly.
You will be contacted from our customer service within 24 hours.
Please note it down.
And in case you don't get a call within 24 hours,
please call us on 180030023202 and quote this reference number.
If you are registered with DNC,
then please call us at 180030023202
Thank you for the application! We will contact you regarding your job application.