| 8- Policy wording overseas travel insurance (ICICI Lombard) |
| BENEFIT 9 - FINANCIAL EMERGENCY ASSISTANCE |
| What it covers? |
The Company shall compensate the Insured in the event of a financial emergency arising due to theft, mugging, robbery, dacoity of the funds of the Insured, but the compensation shall not exceed the maximum Sum Insured as specified in Part I of the Schedule to this Policy.
The deductible excess in respect of this benefit will be applicable for each separate claim, and shall be of an amount as specified in Part I of the Schedule to this Policy.
For the purpose of this benefit, 'financial emergency' shall mean a situation wherein the Insured loses all or a substantial amount of his/her travel funds due to theft, robbery, mugging or dacoity, such that there is a detrimental effect on his/her travel plans. The Company shall have the sole discretion to determine whether a 'financial emergency' has occurred in any instance. |
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| What it does not cover? |
| EXCLUSIONS APPLICABLE TO BENEFIT 9 - FINANCIAL EMERGENCY ASSISTANCE |
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| The Company shall not be liable to make any payment under this benefit in connection with or in respect of any expenses whatsoever incurred by the Insured in connection with or in respect of: |
- A shortage or loss of funds due to currency fluctuation, errors, omissions, exchange, loss or depreciation in value.
- Any loss not reported to the police authorities having jurisdiction at the place of loss within 24 hours of the occurrence of the incident and a written report being obtained for the same.
- Any claim in respect of a loss of traveler's cheques not immediately reported to the local branches or agents of the issuing authority.
- Loss of funds not kept in the personal custody of the Insured.
- Any reimbursement under Financial Emergency Assistance is excluded if the claim is put up after arrival of the Insured to the Republic of India.
- Any exclusion mentioned in the 'General Exclusions' section of this Policy.
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| BENEFIT 10 - FIRE AND ALLIED PERILS (HOME BUILDING & CONTENTS) |
| What it covers ? |
| IN CONSIDERATION OF the Insured named in the Schedule hereto having paid to the ICICI Lombard General Insurance Company Limited (hereinafter called the Company) the full premium mentioned in the said schedule, THE COMPANY AGREES, (Subject to the Conditions and Exclusions contained herein or endorsed or otherwise expressed hereon) that if after payment of the premium the Property insured described in the said Schedule or any part of such Property be destroyed or damaged by any of the perils specified hereunder during the period of insurance named in the said schedule or of any subsequent period in respect of which the Insured shall have paid and the Company shall have accepted the premium required for the renewal of the policy, the Company shall pay to the Insured the value of the Property at the time of the happening of its destruction or the amount of such damage or at its option reinstate or replace such property or any part thereof : |
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| Fire |
| Excluding destruction or damage caused to the property Insured by |
- Its own fermentation, natural heating or spontaneous combustion.
- Its undergoing any heating or drying process.
- Burning of property insured by order of any Public Authority.
- Lightning
- Explosion/Implosion Excluding loss, destruction of or damage
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