The Machine & Equipment policy provides coverage for all non-mobile equipments from loss or damage caused by:

All non mobile equipment eg office equipment, industrial and commercial equipment such as plastic moulding machine, printing press etc.

Any person or business organisation that requires coverage for non mobile business equipment.

Premium is calculated based on the trade of business or occupation, full description of insured equipment, location of premises and the classification of building construction where the insured equipment is kept and the sum insured. The sum insured is based on the market value and not at the remaining balance of loans at the point of application.