Gone are the days when L&T dealt with construction and engineering only. Now, it has ventured into general insurance and has a wide range of products to offer everyone.

L&T General Insurance

This general insurance company is a wholly owned subsidiary of Larsen & Toubro Ltd., also known as L&T. L&T was ranked the 47th most reputable company of the world in a survey conducted by the Forbes Reputation Institute in June 2009. L&T Ltd. is a 9.8 billion USD technology, engineering and construction group. They were ranked 14th in the "Top 500 Companies in India" survey conducted by the Economic Times. This company's vision is to be committed and equipped in finances. They also aim at becoming a 'wholesome' player in areas of business and providing quality customer services.

Their main objectives include becoming a state-of-the-art technology that is driven towards delivering world class service. Larsen & Toubro Co. Ltd. caters to both general and health insurance throughout the country. They comprise of an array of professionals who have the right experience and expertise to provide for the needs of the consumers. Read on to get an idea about the policies and plans that are offered by L&T General Insurance Co. Ltd.


Motor Insurance

My: asset Private Car Package Policy
Even though motor insurance has been made mandatory by law, the L&T Insurance provides you with the option of choosing from a wide range of covers. Benefits include instant policy insurance, claim assistance, cashless settlements and free renewal. The plan covers private vehicles against fire, explosion, self-ignition, burglary, theft, landslides, frost, accidents, riots and so on.

My: jeevika Commercial & Miscellaneous Vehicles Package Policy
This scheme not only protects business vehicles under risk, but also ensures that your work carries on smoothly even after. The three major areas that this policy covers are: loss of damage to the vehicle (inclusive of natural and man-made calamities), liability to third parties (arising out of injury or death) and personal accident cover for the owner.

Corporate Insurance

Standard Fire And Special Perils Policy
The SFSP Insurance is designed to provide protection against loss or damage to buildings, plant & machinery, electrical installations, instruments and other accessories. This policy is important for all trade groups, offices, households and assets in society. Individuals possessing insurable interest in the property in question - such as banks and financial institutions - appear under this plan.

Machinery Breakdown Insurance
Any unforeseen or accidental damage to machinery is covered by the Machinery Breakdown Insurance. The owners and lessor/lessee of the machinery can also be protected under a chargeable premium cover. The sum insured has to be equal to the cost of replacement of the insured property with new property of the same type. This includes freight, customs duties and erection costs.

Electronic Equipment Insurance
Any sudden physical loss or damage to electronic equipment and data media caused by accidents and material destruction is covered under this policy. The owner and the lessee of the machinery, and joint ownership where financial interest for more than one party is established, are all insurable. The exact terms and conditions of this insurance can be acquired by visiting the L&T company website.

Contractors All Risks Insurance
The Contractors All Risks Insurance covers all civil construction projects taking place above or below the ground. These comprise of residential buildings, dams, bridges, runways, drainage facilities and hospitals etc. Even excavation, structures under renovation and the materials used at the site are protected under this scheme. Contractors, the owners/purchasers and parties financing the project are insurable. To avoid problems, a single insurance contract can be issued for the whole project.

Erection All Risks Insurance
This type of comprehensive insurance provides complete protection against all types of risks involved in the installation of structures. This ranges from arrival of the materials till the structure's successful testing. Principal owners, engineers, architects and financiers can make good use of this policy as it offers protection against unforeseen accidents that lead to financial losses.

Contractors Plant & Machinery Insurance
L&T provides insurance that is an important all risks policy which takes care of plant and machinery owned or leased by the contractors. It is normally used on the various construction sites or in a regular workplace. The All Risk policy covers sudden and unforeseen physical damage to machinery insured.

My: jeevika Standard Fire and Special Perils Micro Insurance
This package offers cover on loss or damage to buildings, household belongings, agricultural implements and movable goods against fire and natural perils. It is designed for dwellings and small businesses in rural areas. The sum insurable is fixed at a reasonable amount of Rs.30000. The insurance does not provide a cover against terrorism, burglary, total cessation of work, pollution etc.

Contact Address
L&T General Insurance Co. Ltd.
601-602, Trade Centre,
Bandra Kurla Complex, Bandra (East),
Mumbai - 400051
Phone - 022 - 61230000