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Engineering Insurance Plans

Machinery Breakdown Insurance Policy


Securing your Projects & Future Profits

Features & Benefits

Requirements: Modern economies and businesses are built on the strength of their ever-growing manufacturing power. If your establishment is producing industrial or household goods, you are probably doing it with machinery that you have heavily invested in. Any sudden or unexpected damage to that can affect your production capability or in extreme situations, stop it completely. In such a situation, a Machinery Breakdown Insurance policy is your best friend and protector.

Benefits:This p​olicy will help your business in dire times. Physical damage to machinery from accidents or unforeseen circumstances can hurt your business by slowing down or altogether halting production. This policy helps you to provide for those heavy additional costs which may have to be paid for repairing or replacing the affected machinery thus avoiding a cash crunch scenario.

Sum Insured: The sum insured shall be the replacement value of the equipment including the cost of duties paid, freight charges and erection costs. In case you want lubrication oils and foundation blocks or brickwork to be covered, their value will be decided separately.

Premium: The amount of premium paid is calculated basis the type of equipment insured and​ their capacity. Every different machinery type attracts a different premium rate.​​


Please read the policy wordings for more information.​​

*Terms & Conditions apply.​​

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Customer Reviews

Customer Reviews

Priyanka Popat


​Thanks Mr. Kaushal and Mr. Rajesh Portability for Mr. Rohit's son is accepted by Health Insurance Underwriting Team. This is a lovely example of ''OUT OF THE BOX'' thinking at LVGI as Dr. Liji has physically examined the boy after discussing the matter with Dr. Asha and Hemlata madam instead of compelling him to go for X-Ray/MRI.​​ Parents of the boy appreciated the way proposal was tackled as parents and the consulting doctor were not of the opinion of taking X-Ray/MRI of the young boy, as he was fit post hospitalization. Thanks to Underwriting Team for thinking differently.​