Fire Stocks with Vendor Policy

FIRE STOCKS WITH VENDOR POLICY 1

Overview of Fire Stocks with Vendor Policy 1

Basic Flow of Fire Stocks with Vendor Policy 1

FIRE STOCKS WIP POLICY 9

Overview of Fire Stocks WIP Policy 9

Basic Flow of Fire Stocks WIP Policy 9 Policy Search Screen 10

FIRE STOCKS SPECIFIC POLICY 15

Overview of Fire Stocks Specific Policy 16

Basic Flow of Fire Stocks Specific Policy 16

MARINE IMPORT POLICY 23

Overview of Marine Import Policy 23

Basic Flow Marine Import Policy 23 Policy Details Screen 26

Fire Stocks with Vendor Policy

Overview of Fire Stocks with Vendor Policy General fire policy (with vendor) is arranged for covering stocks with outside Vendors, in god owns or workshops (excluding WIP). The policy is required to be taken for maximum value of stocks stored at any given time.

Basic Flow of Fire Stocks with Vendor Policy The “ACCOUNT” department initiates the Fire Stocks with Vendor Policy. The user logging in as “ACCOUNT” declares some stock and submits to the “INSURANCE” department. After this the user logging in as “INSURANCE” creates a new Policy and incorporates the pending declaration into a new Policy and submits the policy to the Insurance Company. After the approval of the policy by the insurance company they provide the Policy No and the Policy is finalized.

Menu Structure for Fire Stocks on Declaration Policy:

Policy Search Screen Functionality of the screen:

The user enters or selects the search criteria and clicks on the “Search Button” to get the corresponding records. After clicking on the Search Button the records based on those criteria are displayed.

Clink on the Reference Number Link to see the details of the particular record Policy Details Screen Definition of the different Fields :

Policy Details:  Reference No: Unique Reference Number for the record, auto-generated by the system.  Insurance Company: Name of the Insurance Company.  Request Date: Date when the Policy was initiated.  Insured Name: Selects the name of the insured.  Joint Insured Name: Name of the joint insured name (if any).  Address: Address of the initiator.  Policy No: Policy Number.  Policy Start Date: Date on which the policy starts.  Policy End Date: Date on which the Policy ends.  Sharing pattern: Sharing of Insurance premium among different Insurance Companies.  Policy Type: Defines the type of Policy.  Financial Institution: Which financial institution the asset comes under.  Remarks: Remarks about the asset.  Co-Insurance: Displays the sharing ration among different Insurance Companies.

Initiator Details:  PS No.: Pay Sheet Number of the initiator.  Name: Name of the initiator.  Department: Department of the initiator.

Asset Details:  Name of Vendor: Name of the Vendor.  Address of Vendor: Address of the vendor.  Pin Code For Dwelling, Offices, and Flats etc: Pin Code for the dwelling, offices, flats etc.  Pin Code For Dwelling, Offices, and Flats etc: Pin Code for the dwelling, offices, flats etc.  Inside Mfg/Outside Mfg (Risk/Comp): Selects whether it’s inside or outside manufacturing.  Industrial Mfg Activity: Describes industrial manufacturing activity.  Excl STFI: selects whether STFI rate is excluded or included.  Excl RSMD: selects whether RSMD rate is excluded or included.  FEA Type: selects the FEA type.  Sprinklered Blocks: Selects whether Sprinklered blocks are included in the premium calculation or not.  CLM (Claim Exp Disc)%: %Percentage of Claim Exp discount.  Kutcha cost: Selects whether Kutcha cost is included or not.  Terrorism Cover: Selects whether terrorism Cover is required or not.  Exclude SI Plinth and Foundation: Selects whether to exclude SI Plinth and Foundation.  Description of items: describes the items in the stock.  Sum Insured: Total amount of Sum insured.  Remarks: Remarks (if any).  Terrorism Rate: Terrorism Rate.  Terrorism Premium: Terrorism Premium.  Pincode Rate: Pincode Rate.  Pincode Premium: Pincode Premium  Basic Rate: Basic Rate  Basic Premium: Basic Premium  STFI Rate: STFI Rate  STFI Premium: STFI Premium.  RSMD Rate: RSMD Rate  RSMD Premium: RSMD Premium  FEA Rate: FEA Rate  FEA Premium: FEA Premium  Sprinkler Rate: Sprinkler Rate  Sprinkler Premium: Sprinkler Premium  Kutcha Rate: Kutcha Rate  Kutcha Premium: Kutcha Premium  Final Rate%: Total final Rate  Estimated Premium: Total calculated premium.

Account Details:  CD or BG Account: Selects whether Cash Deposit (CD) or Bank Guarantee (BG) Account is to be used.  Account No: Account number corresponding to the type of account chosen.

Account Department: This section will be visible only to Account and Corporate Insurance department during “ADD” and “EDIT”, however it will be visible to “SELF” Role in view mode.

 Authentication By: Name of the person who authenticated the Policy request from Accounts Department.  Authentication Date: Date when the request was authenticated by Accounts Department.  Remarks: “ACCOUNT” department’s remarks.

 Pro Rate: Selects whether the premium is to be calculated on a Pro-Rata basis if not then the premium will be calculated on Short-Period basis. Estimated Premium:  Premium rate: The premium rate for the policy.  Premium Amount: Estimated Premium Amount.  Spl. Discount: Special discount (if any).  Net Premium: Estimated Value of the Net Premium.  Stamp fee: Stamp Fee (If any).  Service Tax: Service Tax (If Any).  Total Premium: Total Estimated Premium.

Actual Premium:  Total Premium: Estimated Value of Total Premium.  Premium Amount: Actual Premium Amount.  Spl. Discount: Actual Special discount (if any).  Net Premium: Actual Value of the Net Premium.  Stamp fee: Stamp Fee (If any).  Service Tax: Service Tax (If Any).  Total Premium: Actual Value of Total Premium.  Authentication By: Name of the person who authenticated the Policy request from Insurance Department.  Authentication Date: Date when the Policy was authenticated by Insurance Department  Remarks: Insurance Department remarks. Fire Stocks WIP Policy

Overview of Fire Stocks WIP Policy General fire policy (On declaration basis) is arranged for covering stocks, in god owns or workshops (excluding WIP). The policy is required to be taken for maximum value of stocks stored at any given time.

Basic Flow of Fire Stocks WIP Policy The “ACCOUNT” department initiates the Fire Stocks WIP Policy. The user logging in as “ACCOUNT” declares some stock and submits to the “INSURANCE” department. After this the user logging in as “INSURANCE” creates a new Policy and incorporates the pending declaration into a new Policy and submits the policy to the Insurance Company. After the approval of the policy by the insurance company they provide the Policy No and the Policy is finalized.

Menu Structure for Fire Stocks WIP Policy: Policy Search Screen Functionality of the screen:

Clink on the Reference Number Link to see the details of the particular record Policy Details Screen Definition of the different Fields :

Initiator Details:  PS No.: Pay Sheet Number of the initiator.  Name: Name of the initiator.  Department: Department of the initiator.

Asset Details:  Location Description and Address: Description and Address of the location.  Block No: Block Number where the asset belongs.  Pin Code For Dwelling, Offices, and Flats etc: Pin Code for the dwelling, offices, flats etc.  Inside Mfg/Outside Mfg (Risk/Comp): Selects whether it’s inside or outside manufacturing.  Industrial Mfg Activity: Describes industrial manufacturing activity.  Excl STFI: selects whether STFI rate is excluded or included.  Excl RSMD: selects whether RSMD rate is excluded or included.  FEA Type: selects the FEA type.  Sprinklered Blocks: Selects whether Sprinklered blocks are included in the premium calculation or not.  CLM (Claim Exp Disc)%: %Percentage of Claim Exp discount.  Kutcha cost: Selects whether Kutcha cost is included or not.  Terrorism Cover: Selects whether terrorism Cover is required or not.  Exclude SI Plinth and Foundation: Selects whether to exclude SI Plinth and Foundation.  Description of items: describes the items in the stock.  Sum Insured: Total amount of Sum insured.  Remarks: Remarks (if any).  Terrorism Rate: Terrorism Rate.  Terrorism Premium: Terrorism Premium.  Pincode Rate: Pincode Rate.  Pincode Premium: Pincode Premium  Basic Rate: Basic Rate  Basic Premium: Basic Premium  STFI Rate: STFI Rate  STFI Premium: STFI Premium.  RSMD Rate: RSMD Rate  RSMD Premium: RSMD Premium  FEA Rate: FEA Rate  FEA Premium: FEA Premium  Sprinkler Rate: Sprinkler Rate  Sprinkler Premium: Sprinkler Premium  Kutcha Rate: Kutcha Rate  Kutcha Premium: Kutcha Premium  Final Rate%: Total final Rate  Estimated Premium: Total calculated premium.

Account Details:  CD or BG Account: Selects whether Cash Deposit (CD) or Bank Guarantee (BG) Account is to be used.  Account No: Account number corresponding to the type of account chosen.

Account Department: This section will be visible only to Account and Corporate Insurance department during “ADD” and “EDIT”, however it will be visible to “SELF” Role in view mode.

 Pro Rate: Selects whether the premium is to be calculated on a Pro-Rata basis if not then the premium will be calculated on Short-Period basis.

Estimated Premium:  Premium rate: The premium rate for the policy.  Premium Amount: Estimated Premium Amount.  Spl. Discount: Special discount (if any).  Net Premium: Estimated Value of the Net Premium.  Stamp fee: Stamp Fee (If any).  Service Tax: Service Tax (If Any).  Total Premium: Total Estimated Premium.

Fire Stocks Specific Policy

Overview of Fire Stocks Specific Policy General fire policy (On declaration basis) is arranged for covering stocks, in god owns or workshops (excluding WIP). The policy is required to be taken for maximum value of stocks stored at any given time. Basic Flow of Fire Stocks Specific Policy The “ACCOUNT” department initiates the Fire Stocks Specific Policy. The user logging in as “ACCOUNT” declares some stock and submits to the “INSURANCE” department. After this the user logging in as “INSURANCE” creates a new Policy and incorporates the pending declaration into a new Policy and submits the policy to the Insurance Company. After the approval of the policy by the insurance company they provide the Policy No and the Policy is finalized.

Menu Structure for Fire Stocks Specific Policy:

Policy Search Screen

Functionality of the screen:

Clink on the Reference Number Link to see the details of the particular record Policy Details Screen Definition of the different Fields :

Initiator Details:  PS No.: Pay Sheet Number of the initiator.  Name: Name of the initiator.  Department: Department of the initiator.

Account Details:  CD or BG Account: Selects whether Cash Deposit (CD) or Bank Guarantee (BG) Account is to be used.  Account No: Account number corresponding to the type of account chosen.

Account Department: This section will be visible only to Account and Corporate Insurance department during “ADD” and “EDIT”, however it will be visible to “SELF” Role in view mode.

 Pro Rate: Selects whether the premium is to be calculated on a Pro-Rata basis if not then the premium will be calculated on Short-Period basis.

Marine Import Policy

Overview of Marine Import Policy All consignments against foreign purchase order are covered under specific marine insurance policies taken separately for every order at the time of placing purchase order on foreign suppliers. The marine policies for imports cover all risks of physical loss or damage including risks of war and strike & riot, whilst goods are in transit from supplier's warehouse to consignee's warehouse.

Basic Flow Marine Import Policy A user logging in the system through “IMPORT” role initiates the Policy request. Then the policy request goes to the “INSURANCE” department. Then “INSURANCE” department verifies the details and submits the policy to the Insurance Company. After the approval of the policy by the insurance company they provide the Policy No and the Policy is finalized.

Menu Structure for Marine Import Policy: Policy Search Screen Functionality of the screen:

Clink on the Reference Number Link to see the details of the particular record Policy Details Screen

Definition of the different Fields :

Policy Details:  Reference No: Unique Reference Number for the record, auto-generated by the system.  Purchase Order No.: Purchase order number entered by Import Department.  Insurance Company: Name of the Insurance Company.  Request Date: Date when the Policy was initiated.  Insured Name: Selects the name of the insured.  Address: Address of the initiator.  Policy No: Policy Number.  Policy Start Date: Date on which the policy starts.  Department Code: Department Code of the initiator.  FPO Value (In INR): Purchase Order Value.  Basis of Insurance: Selects basis of insurance.  War & SRCC Covered: Selects whether war & SRCC is covered through this policy or not.  For project: Selects whether this policy is for project or not.  Project Name: If the policy is for any project then the name of the project.

Initiator Details:  PS No.: Pay Sheet Number of the initiator.  Name: Name of the initiator.  Department: Department of the initiator.  Location: Location of the department of the initiator.

Shipment Details:  Shipment Mode: Selects the shipment mode.  Expected date of shipment: Date when the shipment is expected to leave.  No. Of Shipments: The expected approximate Number of shipments.  Consignment Desc: Description of the Consignment.  Dispatch from: Location where the shipment is dispatched from.  Dispatched to: Location where the shipment is dispatched.  Via: Location via the shipment is coming.

Sum Insured:  Cargo value: Total amount of cargo value.  Custom duty: Total amount of custom duty.  Total: Total amount insured.  Premium: The amount of total premium.

Account Details: This section will be visible only to Account and Corporate Insurance department during “ADD” and “EDIT”, however it will be visible to “SELF” Role in view mode.  CD or BG Account: Selects whether Cash Deposit (CD) or Bank Guarantee (BG) Account is to be used.  Account No: Account number corresponding to the type of account chosen.  Authentication By: Name of the person who authenticated the Policy request from Accounts Department.  Authentication Date: Date when the request was authenticated by Accounts Department.  Remarks: “ACCOUNT” department’s remarks

Corporate Insurance Department: This section will be visible only to Corporate Insurance department during “ADD” and “EDIT”, however it will be visible to “SELF” and ‘ACCOUNT” role in view mode.  Authentication By: Name of the person who authenticated the Policy request from Insurance Department.  Authentication Date: Date when the Policy was authenticated by Insurance Department  Remarks: Insurance Department remarks. Estimated Premium:  Premium rate: The premium rate for the policy.  Premium Amount: Estimated Premium Amount.  Spl. Discount: Special discount (if any).  Net Premium: Estimated Value of the Net Premium.  Stamp fee: Stamp Fee (If any).  Service Tax: Service Tax (If Any).  Total Premium: Total Estimated Premium.