Cash In Transit insurance
This type of insurance enables the State and Private owned Businesses to recover their Lost Money when the same is lost by Theft and Looting while their Money in hand are being carried and in Transit from one place to another.
|Term (duration)||= From 1 day to 1 year|
|Sum insured||= The cash which would be conveyed from one place to another.|
|(During one year as conveyance of cash will be done daily to|
|effect insurance thereon daily would be difficult. Accordingly|
|total amount of cash which would be conveyed during one year|
|has to be estimated and stated. The maximum amount of Cash|
|to be conveyed per trip will be fixed to be the Sum insured.|
|Premium rate||= 0.27 to 0.90% per kyats one thousand.|
In the event of loss as regards the above-mentioned insurances Contact the F.N.I immediately.