Bharat Laghu Udyam
Insurance Policy
Affordable and comprehensive insurance protection for India’s small and medium enterprises — covering your building, machinery, and stock from major risks.
600+
Satisfied Businesses
10,000+
Claims Handled
99.3%
Claims Disposal Ratio
2005
Inception year
All-in-One SME Asset Protection: Fire, Natural Disasters, Machinery Damage & Business Interruption Cover.
What is Bharat Laghu Udyam Insurance?
The Bharat Laghu Udyam Insurance Policy is crafted under IRDAI’s Bharat series guidelines to safeguard small and medium-sized businesses from financial losses due to fire, explosion, natural disasters, or other unforeseen events. It provides simple documentation, clear wording, and affordable premiums — making it ideal for emerging enterprises.
Every business needs Bharat Laghu Udyam insurance because it:
- For enterprises with total asset value up to ₹5 crore.
- Covers building, plant, machinery, stock, furniture, and fixtures.
- Fire, explosion, lightning, earthquake, flood, storm, riot, strike, and burglary.
- Business interruption, debris removal, professional fees, employee belongings.
- Easy policy issuance and renewal.
- Based on reinstatement or market value.
What Does Bharat Laghu Udyam Insurance Cover?
| Covered Risks | Fire & Lightning | Explosion / Implosion | Riot, Strike & Malicious Damage | Storm, Cyclone, Flood | Impact Damage | Leakage from Sprinklers | Add-on Options |
|---|---|---|---|---|---|---|---|
| Description | Accidental fire, lightning strike damages | Of boilers, gas cylinders, machinery | Losses caused by civil commotion | Natural calamity damage | From vehicles or falling objects | Included by default | Earthquake, Terrorism, Loss of Profit |
Ideal for These Sectors
Small manufacturing units
Workshops & repair centers
Retail shops & showrooms
Small godowns & storage facilities
Startups & MSMEs with physical infrastructure
Customize Your Fire Insurance
Temporary Removal of Stock
Start-Up Expenses
Voluntary Deductible Discount
Omission to Insure
Architect / Surveyor Fees
Deterioration of Stock
Simple, Transparent Claim Process
1
Inform insurer within 24 hours
2
Submit claim form & loss estimation report
3
Surveyor assessment
4
Claim settlement within 7–10 days
Real Business. Real Protection.
Small Textile Workshop – Fire Incident
An electrical short circuit caused a fire, damaging machinery and finished goods. The policy covered ₹15 lakhs for property damage (Reinstatement Value) and ₹5 lakhs for stock loss, allowing the owner to restart operations quickly.
Why Businesses Trust Insurance Manager
Trusted insurance advisors with expertise in SME coverage
Transparent & ethical service process
24×7 Support & Claim Assistance
IRDAI Certified Advisors
Pan-India Service
Frequently Asked Questions
Who is eligible for this policy?
This policy is designed for SMEs where the Total Sum Insured is up to ₹50 Crores across all locations. It is a standardized, easy-to-understand product.
What is covered under the basic plan?
The base policy covers Fire and Allied Perils (e.g., Lightning, Explosion, Storm, Flood, Aircraft Damage), Riot, Strike, Malicious Damage, and includes basic covers like Debris Removal and Architects’ Fees.
Is machinery breakdown or theft covered?
No, not in the base policy. Machinery Breakdown (MB), Loss of Profit following MB, and Burglary are typically optional add-on covers that must be specifically opted for and included in the premium.
What happens if my Sum Insured is insufficient (Underinsurance)?
The policy is subject to the Condition of Average. However, a key benefit is that if the underinsurance is minimal (e.g., does not exceed 15% of the total Sum Insured), the underinsurance penalty is generally waived.
Don’t wait for an accident to realize the value of the right policy.
Protect your factory, profits and peace of mind today.
© Insurance Manager — Bharat Laghu Udyam Insurance Specialists
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