Brief description of 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.
Machinery Breakdown Policy covers your mechanical and electrical
machinery and equipment for which you are responsible or held in
trust and/or commission at the insured premises.
Boiler Pressure Plant Policy covers the boiler and pressure
vessel you own against explosion, implosion and collapse. It can be
extended to cover third party liability and other specified risks.
The Boiler and Pressure Plant (BPP) Insurance policy covers
physical loss or damage to all types of boilers and/or other
pressure plants, where steam is generated.
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
Electronic Equipment Insurance Policy covers electronic
equipment you own or the ones which you are responsible.
Specially designed to protect the interest of civil contractors,
our Contractor's Plant & Machinery Policy ensures that you are
well covered against the damage or destruction of various civil
engineering projects. These projects include accidental damage to
civil construction works, contractor's plants & machinery at
the construction site and damage/ defects during the subsequent
period of maintenance for which you are liable under the terms of
the agreement between the contractors and the principle.
Erection All Risk (EAR) insurance protects principal and
contractors, manufacturers and suppliers erecting machinery and
plant etc. against financial loss. This may be due to any sudden
fortuitous and unforeseen causes resulting in loss or damage to the
property insured at the project site whilst being stored, erected,
tested and commissioned.
The Contractors All Risks (CAR) Insurance offers comprehensive
coverage for all types of civil construction risks. The coverage
for physical loss or damage to property is on an 'All Risks' basis,
i.e. the policy insures against damage to property in the course of
construction by all sudden, accidental and unforeseen causes other
than specified excluded perils and subject to the terms and
conditions of the policy.
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.
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