Brief description of damages*
Whether any injury/damages *
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*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.
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.
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are for representative purposes
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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.
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