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Money Insurance

This Insurance is intended for industrial, manufacturing and business concerns that periodically draw from banks or other sources large sums of money for payment of salaries and for other day-to-day transactions. This cover provides an indemnity in respect of loss of money carried by authorised messengers while in transit from one place to another, specified in the policy. The Insurance is intended to cover the money in actual transit i.e. from the time the money is taken out at one place until it is delivered at the other place. When money drawn for any reason is not paid on the day it is drawn, the risks can be covered against Burglary and/or House Breaking Risks, robbery or hold up provided it is retained in a locked standard burglar resistant safe or strong room in the insured’s premises.

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