This policy covers such direct financial loss sustained by the Assured subsequent to the Inception date (the date which is agreed in the policy) and discovered by the assured during the period of the policy. All the risk, which is covered are defined in the insuring clauses.

1. Property belonging to the Assured
2. Property held in trust with the Assured

Exclusion:
Insurer is not liable to pay the loss of employees salary, fees, commissions and other emoluments, including salary increases and promotions.

1. Property belonging to the Assured.
2. Property held in trust with the Assured.

Through burglary, robbery or hold-up whilst such property in or upon the covered premises of the Assured.

Exclusion:
All the loss or damage to property while in the mail, nor in the custody of any security motor vehicle company.

Insuring Clause 3 (In Transit.)
Loss or damage to the property from any caused while in transit anywhere in the custody of any employee along with the guard or while in the custody of security motor vehicle company for transportation on behalf of the Assured.

Exclusion:
This policy does not cover the loss until or unless the amount of such loss shall be in excess of the amount recoverable, recovered or received by the assured under

1. The Assureds contract with the said security or Armored Motor Vehicle Company.
2. Insurance carried by said security or Armored motor vehicle company for the benefit of users of its service, and
3. All other insurance and indemnity in force in whatsoever from carried by or for the benefit of users the said security or Armored motor vehicle Company’s service.

And this policy shall cover only such excess amount up to the limit.

Insuring Clause 4 (Forged Cheques.)
By the reason of the forgery or fraudulent alteration of or in traveler cheques. The foregoing instrument may be in scrip with which the named employee, acting upon such instrument, is conversant.

Exclusion:
This policy does not cover any loss occurred due to the genuinely signed or endorsed but the contents are false.

Insuring Clause 5 (Counterfeited Currency.)
This insuring clause covers the loss by reason of the receipt by the Assured of any counterfeited or altered paper currency or coin issued or purporting to have been issued by or to be legal tender in the country in which the Assured’s office sustaining the loss is located.

Insuring Clause 6 (Damage to Office & Contents.)
The losses by the reason of:

1. Damages to furnishings, fixtures, equipment (excepting computers and peripheral devices.) stationery, supplies or safe and vaults with in any office of the assured, caused by the burglary, robbery, holdup, theft, or larceny, or any attempt thereat or by malicious mischief.
2. Damages to any such office caused by the burglary, robbery, holdup, theft, or larceny, or any attempt thereat, or to the interior of any such office by the vandalism or by malicious mischief.

Exclusion:
This insuring clause does not cover loss or damage through fire.

1. Any loss resulting from payment made or withdraws from any depositor account by reason of funds have being credited by the assured to such account.
2. Any loss resulting from shortage; and any shortage in teller’s cash whish is not in excess of the normal shortage in the teller’s cash in the office where such shortage shall occur shall be assumed to be due to error.
3. Any loss of or damage to the any property whatsoever contained in the customer’s safe deposit boxes.
4. Any loss through the surrender of property away from premises of the assured as a result of threat.
5. Any loss resulting directly or indirectly from remote or off-Premises manipulation of any computer system owned.
6. Any loss resulting directly or indirectly by the reason of forgery or fraudulent alteration
7. Any loss resulting directly or indirectly by the reason of the forgery or fraudulent alteration of on or in, any travelers cheque, travelers letter of credit
8. Any loss of unsold travelers cheques placed in the custody of the assured with authority to sell unless the assured is legally liable for such loss and cheques are later paid or the honored by the issuer thereof.
9. Any loss resulting from credit or charge cards, whether such cards were issued or purported to have been issued.
10. Any loss of any type for which the assured is legally liable, except damages representing reimbursement for direct financial looses covered by this policy.
11. Any loss or deprivation of potential income including but not limited to interest and dividends because of a loss covered under this policy.
12. Any loss of or damage to any property whatsoever by the reason of wear, tear, gradual deterioration, moth or vermin.
13. Any loss of or damage to any property whatsoever resulting directly or indirectly from typhoon, hurricane, cyclone, volcanic eruption, earthquake, subterranean fire or other convulsion of the nature and contemporaneous or ensuring loss or damage by fire or looting.
14. Any loss or damage, which arises directly or indirectly by the reason of or in connection with war not fall within this exclusion, shall be upon the assured.
15. Any loss or destruction of or damage to any property whatsoever or arising there from or any consequential loss.
16. Any legal liability of whatsoever nature directly or indirectly caused by or contribute to by or arising from
    1. Ionizing radiations or contamination by radioactivity from any nuclear fuel or from any nuclear fuel or from any nuclear wastage from the combustion of nuclear fuel.
    2.  The radio active, toxic, explosive or the other hazardous properties of any explosive nuclear component thereof.