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    Jewellers Insurance Comprehensive Cover

    Specialized insurance for jewellery businesses covering stock, transit, exhibition & theft. Protection against robbery, fire & natural perils.

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    Commercial Insurance

    Jewellers’ Insurance Policy

    OfficeInsurance

    Key Features

    Cherish Every Carat, Insure Every Piece

    Coverage Highlights

    Get comprehensive coverage for your business
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    • Suitable for

    Tailored for jewellers, manufacturers, licensed pawn brokers, and diamantaires

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    • Assets covered

    Structure, Fixed Glass, Stock in Insured Premises, Stocks in Insured Custody, In transit, Exhibitions, Neon sign boards, Electronic Equipment etc.

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    • All-Round Protection

    Covers wide range of perils, including fire, burglary, robbery, transit risks, employee dishonesty, accidental damage, natural calamities, and exhibition risks, ensuring extensive protection for jewelers

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    • Customizable Plans

    Flexibility to choose coverage options that best suit the specific needs of your business

    Inclusions

    What’s covered?
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    • Stock in Premises

    Coverage for jewelry, precious stones, and related materials within the insured premises

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    • Stock in Transit & Custody

    Protection for stock during transportation within India, including air freight and registered post, as well as while in the custody of authorized persons outside the premises.

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    • Exhibition Coverage

    Protection for stock displayed at exhibitions.

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    • Employee Dishonesty

    Safeguards against financial loss due to fraudulent or dishonest acts by employees

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    • Money in Transit

    Covers loss of money while it is being transported

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    • Plate Glass

    Covers accidental breakage of plate glass installed on the premises

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    • Neon Sign

    Protects neon signs against accidental damage

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    • Portable Equipment

    Provides coverage for portable equipment used in the business

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    • Electronic Equipment

    Covers electronic equipment used in the business against accidental damage or loss

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    • Machinery Breakdown

    Provides coverage for the repair or replacement of machinery that breaks down due to accidental causes

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    • Employee's Compensation

    Offers compensation for employees in case of work-related injuries or illnesses

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    • Public Liability

    Provides coverage for legal liability arising from accidental injury to third parties or damage to third-party property

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    • Note

    Please read policy wording for detailed inclusions

    Exclusions

    What’s not covered?
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    • Processing Losses

    Loss or damage during operations like finishing, polishing, casting & designing

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    • Stock-Taking Discrepancies

    Missing property during stock-taking unless due to a covered peril

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    • Mysterious Disappearance

    Losses due to unexplained disappearances

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    • Personal Use Exclusion

    Property worn or used by the insured, family, or friends

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    • Public Exhibition Risks

    Loss or damage occurring at public exhibitions unless specifically covered

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    • Depreciation & Wear

    Damage due to wear and tear, depreciation, or inherent defects

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    • Unattended Vehicles

    Theft from unattended road vehicles

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    • Employee & Family Theft

    Theft committed by family members, employees, customers, or brokers

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    • Stock out of Safe

    Loss of stock kept outside locked safes after business hours exceeding the allowed percentage

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    • Duplicate Key Theft

    Theft uses duplicate keys unless obtained through threat or violence

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    • Note

    Please read policy wording for detailed exclusions

    Additional Covers

    What else can you get?
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    • Accidental Damage Cover

    Covers accidental damage to property or contents, like spills or breaks

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    • Electrical / Electronic Appliance Clause Cover

    Covers damage to appliances from electrical faults or power surges

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    • Impact Damage Cover

    Covers damage from physical impacts, like a car or tree hitting your property

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    • Snow Damage Cover

    Covers damage from snow, like roof collapse or falling ice

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    • Minot Works

    Small, quick, and inexpensive construction or renovation projects

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    • Escalation Clause

    Allows contract price increase if material or labor costs rise

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    • Waiver of Involuntary Improvements

    Protects against paying for unauthorized property improvements

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    • Immediate Repairs

    Insured may immediately begin repairs or reconstruction work of the insured property so that the normal operations return back to normal

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    • More

    Many more add-ons options available

    What is Jewellers Insurance?

    Jeweller Insurance is a specialised commercial insurance policy that is designed to protect jewellery shop owners from losses that arise due to damage or theft. This policy protects against covered risks such as fire, burglary, robbery, transit risks, employee dishonesty, accidental damage, natural calamities, and exhibition risks.

    It provides coverage for asset types such as structures, fixed glass, stock in insured premises, stock in insured custody, and more. Furthermore, this type of jewellers insurance policy provides all-round broad protection for jewellers. The policy is suitable for jewellers, jewellery manufacturers, licensed pawnbrokers, and diamantaires.

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    Quick Overview

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      Stock in Premises Protection:

      1. Safeguard your high-value inventory such as finished jewellery stored within business premises with Jewellery policy.

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      Stock in Transit and Custody:

      1. Protect valuable stock during transportation within India, including air freight and registered post, and while in the custody of authorised persons.

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      Exhibition Coverage:

      1. This policy offers reliable financial protection for jewellery stocks which are actively displayed or showcased at external public events and exhibitions.

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      Portable and Electronic Equipment:

      1. Safeguard valuable portable business devices and tools against any kind of accidental damage or sudden operational breakdowns.

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      Plate Glass and Neon Sign Security:

      1. Get coverage for accidental breakage of display windows, plate glass installations and illuminated branding signs.

    • 6

      Money in Transit:

      1. Get financial backup against any kind of accidental loss, robbery or theft of cash when moving inside or outside the premises.

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      Instant Online Purchase: You can purchase property insurance for commercial buildings, assets, and offices online within a few steps.

    • 8

      Claim Support: Receive guidance for commercial building insurance claims when you need it most.

    Read More

    Features of Jewellery Insurance

    Wondering what the features of Jewellers insurance in India are? Well, here are a few of them: 

    Why Choose Bajaj General Insurance for Jewellers Insurance?

    Here are a few reasons to choose jewellers insurance from Bajaj General Insurance:

    • Digital Claims:

      The claims process is completely paperless. You can easily claim your jewellers insurance by submitting documents. Furthermore, it is also very easy to track reimbursement directly from our portal or app.

    • Hassle-Free Claims:

      We have a very streamlined operation for making claims whenever you require it. You can choose our jeweller's policy for a quick and easy claim without having to face a tedious process.

    • Extensive Coverage Options:

      We offer a lot of features in our jeweller's insurance policy, which are designed to ensure all-round protection. You get a financial backup against losses for your business and operations.

    • Easy Policy Management:

      You can manage your policy with ease through our digital platforms. Right from accessing policy details to renewals and claim tracking, the key services are available online for added convenience.

    • Reliable Risk Protection:

      Our policies are designed to help businesses manage their risks associated with handling valuable jewellery and precious items. This allows you to operate with confidence.

    • Simplified Policy Management:

      Multiple business covers can be combined under a single policy, helping jewellers manage their insurance protection more conveniently.

    • Trusted Industry Reputation:

      Bajaj General Insurance is a trusted insurer and has been trusted by millions since our establishment back in 2001. So you can rest assured that you have an expert backing for your business.

    • Tailored and Flexible Plans:

      We offer you flexible and customisable plans which you can modify according to your business and its operational requirements. This ensures that you get protection tailored to your needs.

    • Simplified Policy Management:

      Combined multiple covers in a single policy.

    • Flexible Plan:

      Tailor your coverage to fit your unique needs.

    • Extensive Coverage:

      Protects against diverse risks in a single policy.

    What are the Benefits of Jewellers Insurance?

    Jewellers insurance offers a vast range of benefits for you. Here are a few of them:

    Eligibility Criteria for Jewellers insurance

    Here is an overview of some of the eligibility criteria that need to be met to qualify for jewellers insurance: 

    Eligibility Criteria Specifications

    Type of Business

    Jewellers, jewellery retailers and manufacturers, licensed pawnbrokers, diamantaires, and other eligible businesses dealing with jewellery and precious items.

    Inventory List

    You need to make a complete declaration of your business's total stock value, including those of goods in trust and gems.

    Operational Compliance

    Applicants need to legally operate and maintain accurate and proper documentation of their inventory and daily operations. 

    Documents Required for Jewellers insurance

    To purchase jewellery insurance, you need to submit all of the following documents:
    1
    1. A valid registration certificate of your business.
    2
    Reports of your inventory of valuable stock.
    3
    Proof of ownership or custody of your business valuables in stock.
    4
    1. Security measures of the business premises and its location address.
    5
    1. Detailed exhibition and transit records.
     

    Step-by-Step Guide

    How to Buy Jewellers Insurance Online?

    How to Buy

    • 1

      Visit the Bajaj General Insurance website

    • 2

      Fill in the lead generation form with accurate details

    • 3

      Get quote, make payment and receive the policy documents

    How to Renew

    • 1

      Contact the Policy Issuing Office

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      Review expiring policy and share necessary details

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      Receive renewal quote

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      Make renewal payment

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      Receive the renewed policy documents via email

    How to Claim

    • 1

      Contact us through our customer service touchpoints

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      Submit the claim form along with the necessary documents

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      Provide details of the incident and any supporting evidence

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      Cooperate with the claims investigation process

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      Receive the claim settlement as per the policy terms

    Know More

    • 1

      For any further queries, please reach out to us

    • 2

      Toll Free : For Sales :1800-209-0144

    • 3

      Email ID: careforyou@bajajgeneral.com

    Download Policy Document

    Get instant access to your policy details with a single click.

    How to Make a Claim for Your Bajaj General Jewellers Insurance?

    Here are a few steps to follow for making a Jewellers insurance claim for your policy:

    Reimbursement Claim

    You need to first report the incident of theft or loss to local police immediately.
    Then fill out and sign the claim form of Bajaj General Insurance.
    1. An official surveyor will be assigned to inspect all of the details and total value of loss.
    1. After assessment and verification, an eligible claim will be settled according to the policy terms, conditions, limits, and applicable deductibles.

    Documents Required for Claim Process for Jewellery Insurance

    Here is a list of documents which you need to submit for a smooth claim process for your Jewellery Insurance:
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    1. The original policy document.
    2
    1. Filled-out claim form.
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    1. In case of theft or robbery, police intimation or FIR is compulsory to submit.
    4
    1. Photographic or CCTV evidence of the scene.
     

    What are the Benefits of Jewellers Insurance?

    Jewellers insurance offers a vast range of benefits for you. Here are a few of them:

    Trusted Risk Advisor

    Mobile Self Risk Assessment

    PRIME Inspection app helps to evaluate quality of your property (Shop, Office, Plant or Others) having SI upto INR 50 crs. It is simple to navigate having multiple Q & A designed for client

    Instant Generation of Risk Report

    It helps Provide Risk Recommendations, Risk Quality Rating (RQR), Peer Comparison & GAP Analysis for the client

    Why Choose Bajaj General Insurance for Jewellery Insurance? 

    Bajaj General Insurance is known for delivering one of the best jewellery insurance solutions in India. With the Jewellers Comprehensive Protection Policy, businesses benefit from expansive coverage that includes transit, exhibition, theft, natural disasters and employee-related risks. The robust customer support, customizable plans and swift claim settlement process makes us a trusted partner for thousands of jewellers nationwide. Choose Bajaj General Insurance for reliability, flexibility and peace of mind.

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    What Our Customers Say

    Business Eligibility

    The policy caters to businesses, from small shops to large commercial establishments. Coverage is designed to protect property, stock, and essential business assets.

    alt

    Raj Kapoor

    Gujarat

    4.9

    22nd Dec 2024

    Coverage Benefits

    The policy provides coverage against fire, burglary, natural disasters, and accidental damage. It ensures complete protection for business premises and assets, giving peace of mind to business owners.

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    Meena Sharma

    New Delhi

    4.7

    10th Jan 2025

    Buying Bajaj General Commercial Property Insurance

    Buying my Commercial Property Insurance from Bajaj General was effortless. The process was clear, quick, and hassle-free. I received my policy instantly, ensuring my business is well-protected. 

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    Rajesh Malhotra

    Andhra Pradesh

    4.8

    5th Feb 2025

    Customisation and Add-Ons

    The policy offers various add-ons like loss of rent cover, debris removal, and architect fees, providing enhanced protection tailored to your business needs.

    alt

    Rohit Mehta

    Uttar Pradesh

    4.9

    5th Oct 2024

    Claim Settlement Process

    Bajaj General ensures a quick and transparent claims process. With proper documentation, claims are processed efficiently, minimising business downtime.

    alt

    Anjali Verma

    Rajasthan

    4.8

    15th Nov 2024

    FAQ's

    Can I extend my jewellery insurance?

    Yes, we allow you to extend your Jewellers Comprehensive Protection Policy with additional covers based on your unique business needs. Whether it's protection during exhibitions, coverage for employee dishonesty, or accidental damage, you can request suitable add-ons at the time of purchase or renewal.

    Can I buy this policy as an add-on with my home insurance?

    No, our jewellers insurance is a specialized commercial policy and cannot be added to a home insurance plan. Personal and commercial insurance have distinct coverage scopes. If you're a jeweller, manufacturer, or pawn broker, we recommend a standalone Jewellers Comprehensive Protection Policy for complete peace of mind.

    Can you claim lost jewellery on insurance?

    Yes, you can. Under the Jewellers Comprehensive Protection Policy, you can claim for lost jewellery if the loss is due to covered perils like burglary, robbery, or transit risks. However, unexplained losses, mysterious disappearances, or stock-taking discrepancies aren’t covered.

    Who pays for jewellery insurance?

    As a policyholder, you pay the premium for your jewellers insurance. The premium depends on multiple factors such as the sum insured, the scope of coverage, location and nature of business operations.

    Can I customize the coverage in a Jewellers Insurance Policy?

    Absolutely. We understand that no two jewellery businesses are alike. Our Jewellers Comprehensive Protection Policy is fully customizable—you can add covers for stock in transit, exhibition risks, electronic equipment, plate glass, employee dishonesty, and more.

    Is stock-in-transit covered under a Jewellers Insurance Policy?

    Yes, it is. Our jewellers insurance covers stock in transit across India—whether by air, road, rail, or registered post. We even offer protection when the stock is in the custody of an authorized employee.

    What types of commercial insurance policies are available?

    Some common types include property insurance (which covers damages to physical assets), liability insurance (which protects against legal claims), marine insurance (covers goods in transit), cyber insurance (which safeguards against data breaches), and employee benefits insurance (which provides coverage for employees). 

    How do I choose the right commercial insurance policy for my business?

    Choosing the right policy requires a detailed risk assessment of your business operations. Factors like the nature of the business, asset value, number of employees, regulatory requirements, and industry-specific risks should be considered. Consulting an insurance expert or broker can help tailor a policy.

    Can a commercial insurance policy be customised?

    Businesses can enhance their coverage with add-ons like business interruption insurance, professional indemnity, cyber security coverage, and extended liability protection. Customisation allows businesses to adapt their coverage to industry risks, operational requirements, and financial concerns, ensuring they remain protected.

    What is the validity period of a commercial insurance policy?

    Most commercial insurance policies are valid for one year, requiring renewal before expiry to maintain continuous protection. However, insurers also offer multi-year policies that provide long-term coverage and stability. Renewing on time ensures uninterrupted coverage and prevents financial risks due to policy lapses. 

    What documents are required to buy a commercial insurance policy?

    The required documents include business registration certificates, financial statements, property ownership or lease documents, employee details, and risk assessment reports. For specialised policies like marine or cyber insurance, additional documentation may be required. Ensuring all necessary documents are submitted correctly helps speed up the

    How do I file a claim under my commercial insurance policy?

    First, the business must immediately notify the insurer about the incident. Next, necessary documents such as claim forms, invoices, FIR reports (if applicable), and evidence of loss must be submitted. The insurer will then conduct an assessment or survey to verify the claim before disbursing the approved amount. 

    How long does it take for a commercial insurance claim to be processed

    Simple claims like minor property damage may be settled within a few weeks, while larger claims involving legal or financial reviews may take months. Insurers prioritise efficient settlements, but delays can occur due to incomplete documentation, third-party verifications, or policy exclusions. 

    What can lead to the rejection of a commercial insurance claim?

    Claims can be rejected due to various reasons, such as policy exclusions, late claim submission, incorrect or incomplete documentation, misrepresentation of facts, or failure to meet policy terms. For example, if a business fails to implement safety measures required by the policy, the insurer may deny the claim. 

    Can I appeal if my claim is rejected?

    Yes, if a claim is denied, businesses can file an appeal with the insurer by submitting additional supporting documents or explanations. If the issue remains unresolved, businesses can escalate it through the insurer’s grievance redressal mechanism or approach the Insurance Ombudsman for further review. 

    Does commercial insurance cover natural disasters?

    Many commercial insurance policies provide coverage for fire, floods, earthquakes, and other natural disasters. Some businesses may need to purchase additional disaster coverage if their location is prone to specific risks. It is important to check the policy’s exclusions and coverage limits to ensure adequate protection.

    When should I renew my commercial insurance policy?

    It is recommended to renew a commercial insurance policy at least 30 days before its expiry to ensure uninterrupted coverage. A lapse in policy renewal can expose businesses to financial risks, legal liabilities, and potential penalties. Early renewal also gives businesses time to review coverage and compare policies

    Can I modify my coverage during policy renewal?

    Yes, businesses can adjust their coverage, increase or decrease the sum insured, add or remove riders, or switch to a different plan during renewal. It is essential to reassess business risks, asset value, and operational changes before making modifications. Consulting an insurance provider helps in choosing the best-suited coverage options.

    What happens if I miss renewing my policy on time?

    If a commercial insurance policy is not renewed on time, it lapses, leaving the business without coverage. This means any damages, legal claims, or financial losses occurring after policy expiry will not be covered. Some insurers offer a grace period for renewal, but once it expires, businesses may have to apply for a new policy.

    Will my premium change during renewal?

    Premiums can increase or decrease during renewal based on various factors, including previous claims history, business risk exposure, policy updates, and changes in industry regulations. Implementing safety measures, maintaining a good claims record, and choosing optimal coverage can help businesses negotiate lower premiums. 

    Is there a benefit to renewing commercial insurance policy for years?

    Yes, opting for a multi-year renewal provides several advantages, such as locked-in premiums, discounts, and continuous coverage without the hassle of annual renewals. Some insurers offer long-term policies with reduced rates, helping businesses save on costs while ensuring uninterrupted protection. 
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