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MSME Suraksha Kavach

Smart cover for a strong business!

49 Lakh+

Policies issued*

Market Leader Icon

One of the Market leaders in
the private sector#

Easy claim
process

Instant policy
issurance

Covers burglary and
theft@

Covers for loss
in stock

Covers up to
₹50 crores

Covers natural
calamities

What is MSME Suraksha Kavach insurance?

MSME Suraksha Kavach (Complete Fire Insurance ) protects Micro, Small, and Medium Enterprises (MSMEs) from financial losses up to ₹50 crores due to physical damage or destruction of property. It covers risks like fire, explosions, implosions, lightning, landslides, subsidence, and even theft within seven days caused by these events. Designed to safeguard your business, this insurance ensures protection from both natural and man-made risks.

What is MSME Suraksha Kavach

Who can benefit from MSME insurance?

Offices

Offices

Offices, whether small or large, can use MSME Insurance to repair or replace buildings, furniture, and equipment damaged due to accidents.

Schools and colleges

Schools and colleges

Educational institutions can rely on MSME Insurance to cover the cost of repairs if buildings are damaged by fire, floods, or earthquakes. This helps them reopen quickly and safely.

Shops and malls

Shops and malls

These places can face major losses if their buildings or goods are damaged. MSME insurance helps with repairs, restarts operations, and also covers theft or burglary of contents and stock.

Factories

Factories

MSME Insurance covers the cost of damaged machinery and stock, helping factories maintain business continuity and keep operations running smoothly.

Hotels and restaurants

Hotels and restaurants

MSME Insurance supports hospitality businesses by covering repairs and the replacement of damaged furniture or kitchen equipment after unexpected events.

Warehouses

Warehouses

MSME Insurance protects warehouses that store goods and machinery, helping manufacturing and retail businesses manage disruptions and continue operations smoothly.

Benefits of choosing ICICI Lombard

1. Instant policy issuance

With smart technology, you can get an insurance policy almost instantly. No big forms or long waits — just a few clicks and you are covered!

2. Speedy claim process

Claim up to ₹5 lakh with just one document — settled in as little as 10 days. Your business deserves uninterrupted growth.

3. Trusted by millions

As one of the leaders in corporate insurance, we’ve earned the trust of millions of Indian businesses. Your success is our priority.

4. Customised plan

You can choose from a wide range of add-ons to make your business even more secure from unexpected crises.

What’s included and
what’s not?

  • Inclusions
  • Exclusions

Fire and lightning

Storms, cyclones, hurricanes, typhoons, tornadoes, tsunamis, floods

Forest fires

Missile testing operations

Acts of terrorism

Bursting or overflow of water tanks and pipes

Explosions or collapse due to low internal pressure

Earthquake

Sinking or subsidence of land

Damage caused by external objects crashing into the property

Riots or strikes

Leakage from automatic sprinkler systems

Theft during working hours (without any break-in)1

Burglary2

Cash in safe/ Cash in counter@

Cash in transit@

Glass breakage@

Neon sign / Glow sign@

Public liability@

Loss caused by burning of insured property following orders from a public authority

Claims where important or relevant facts were deliberately omitted

Loss or damage due to war

Damage from nuclear contamination

Pollution

Missing or misplaced property without any clear evidence of loss

Cost incurred in preparing or submitting a claim

Loss or damage in basement

Damage to kutcha (temporary or thatched) constructions

High-risk properties like factories, offices, or jewellery stores

Breakdown of machinery due to aging or internal faults unless caused by fire

How to process
a claim?

3. Upload documents

Submit the required documents using the provided link.

6. Claim payment

Complete your KYC and the payment will be credited to your account.

Online claim process

For claims up to ₹5 lakh, customers can opt for virtual survey for making a claim.

Here is how:

  • A link for the virtual survey will be sent via SMS or email, upon request.

  • The surveyor will guide you through the virtual survey to inspect damages.

  • If required, the surveyor will ask you to submit the necessary documents.

  • Once the claim is approved, you will receive an offer for settlement via a link.

  • Provide digital consent and submit KYC details online.

Ratings and reviews

ACG Group

ICICI Lombard has been our insurance partner for more than a decade. The company has a diverse portfolio of non-health services, and have successfully helped us sail through the risk hurdles with outstanding solutions in Property and Marine segment.

Enzene Biosciences Limited

ICICI Lombard’s sales and service team is excellent and I am truly impressed. We had an association of more than 5 years and Excellent support in terms of claim settlement be it health or fire.

Mantra Softech (India) Pvt Ltd

We are customer of ICICI Lombard since long time and they are very competitive in market and they are far ahead in digitalization compare to others. We have very good experience with their services

M/s Amsec Systems

I am writing this to express my immense gratitude and great fullness for your support in getting the insurance claim for my shop!

Larsen & Toubro

Customer friendly insurer. Goes the extra mile to meet deliverables. Happy to work with ICICI Lombard.

Luxmi Tea Company Private Limited

We are associated with ICICI Lombard since 2018. They have been a phenomenal risk solution partner & underwriter providing exceptional service. Thank you for the service, support & co-operation.

Frequently asked questions
- MSME Insurance

1. What are the key objectives of MSME insurance?

The key objectives of Fire insurance are:

  • Financial protection: Safeguards against losses caused by fire.

  • Business continuity: Helps minimise disruptions and maintain operations.

  • Asset preservation: Protects the value of assets and investments.

  • Peace of mind: Provides assurance through comprehensive coverage.

  • Reconstruction support: Facilitates recovery and rebuilding efforts.

2. How long does MSME insurance policy provide coverage?

MSME insurance policy generally provides coverage for a specified tenure, typically one year. However, it can be renewed periodically to ensure continuous protection.

3. Can changes be made to MSME insurance policy during its tenure?

Yes, the insured can make modifications to the policy during its tenure, such as updating coverage or increasing the sum insured. These adjustments can be made by contacting the insurer and may require payment of additional premiums.

4. How is MSME Suraksha Kavach (Complete Fire Insurance) different from other fire insurances?

MSME Suraksha Kavach (Complete Fire Insurance) is different from regular fire insurance because it offers one simple plan that covers businesses of all sizes — from very small to large — with coverage up to ₹50 crores.



Most other fire insurance plans are split into two types: one for coverage up to ₹5 crores and another for amounts above that. This can be confusing and may require switching policies as your business grows.



With MSME Suraksha Kavach, you get complete fire protection in one policy, no matter the size of your business — making it easier, more flexible, and more convenient.

Product Product code UIN No.
MSME Suraksha Kavach (Complete Fire Insurance) 1021 IRDAN115RP0051V01202223
Disclaimers

  • *The count is for overall Fire LOB for the period April 2022 to March 2026

  • #as on FY 2025

  • @This is an add-on. Add-ons are subject to additional payment

  • ~Premium of ₹250 per year is based on a sum insured of ₹3,00,000 (minimum SI for shop insurance) for locations falling under Zone IV. Actual premium may vary depending on the sum insured, location zone, and applicable terms and conditions. Tax and other statutory charges are additional.

  • 1This must be reported within 7 days of occurrences of any incidence because of above mentioned inclusions.

  • 2This is an add-on and is subject to payment of additional premium

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