Introduction

When the production of a factory grinds to a halt because of breakdown, it can result in huge losses. Especially when delivery schedules are tight and the penalties are strict.
The resulting downtime, lost production and loss of reputation can be overwhelming. Trust HDFC ERGO’s Machinery breakdown Policy to provide the ideal safeguard for your organization.

Features

The policy broadly covers loss due to all kinds of Accidental, electrical and mechanical breakdowns as a result of internal and external causes. You are covered during the time the machinery is in operation or at rest or in the process of being dismantled, overhauled or during Subsequent re-erection at the same premises.

You can also cover the machinery foundations, masonry, brickwork as well as oil in transformers from unforeseen and sudden physical loss or damage, other than specified excluded perils and forms of damage

Extensions

● Air Freight
● Express Freight (excluding Air Freight), Overtime and Holiday Wages
● Insured’s Own Surrounding Property
● Third Party Liability

Sum Insured

The value proposed for insurance should be equal to the new replacement cost, including freight, erection cost and customs duty, if any.

Excess

A compulsory excess is chargeable, depending upon the value of the insured machinery.

Premium

The rate depends upon the type of machinery to be insured. You can get discounts in respect of stand-by facility, availability of spares and favorable claims experience.

Why choose HDFC ERGO General Insurance?

Secured Over #3.1 Crore+ Smiles!

Trust redefines relations at HDFC ERGO. We consistently strive to make insurance easier, more affordable and more dependable. Here promises are kept, claims are fulfilled & lives are nurtured with utmost commitment.

All the support you need-24x7

All the Support you need 24* 7

We understand that in times of distress, instant help is the need of the hour. With our 24x7 customer care and dedicated claims approval team, we ensure to be your constant support system in times of need.

Transparency At It's Best

HDFC ERGO General Insurance claims are settled with utmost transparency and ease.

Awards

We have received the ICAI Award of the Year and excellence in financial reporting for the year FY: 18-19.

Best Customer Retention Initiative of the Year in Insurance

2024

Gold Award for Social Media App (Innovative)

2024

View all awards

Introduction

Features

What's covered

What's not covered

Extensions

Sum Insured

Excess

Premium

Why choose HDFC ERGO General Insurance?

Why choose HDFC ERGO General Insurance?

All the support you need-24x7

Transparency At It's Best

Awards

Catering customer needs

Our Proud Achievements

BFSI Leadership Awards

Best General Insurance Company

Smart Insurer, Swift & Prompt Insurer

Best Customer Retention Initiative of the Year in Insurance

Gold Award for Social Media App (Innovative)

BFSI Leadership Awards

Best General Insurance Company

Smart Insurer, Swift & Prompt Insurer

Best Customer Retention Initiative of the Year in Insurance

Gold Award for Social Media App (Innovative)

BFSI Leadership Awards

Best General Insurance Company

Smart Insurer, Swift & Prompt Insurer

Best Customer Retention Initiative of the Year in Insurance

Gold Award for Social Media App (Innovative)