Project [•]
Execution version
Policy Number: [•]
Tata AIG General Insurance Company Ltd.
Tata AIG General Insurance Company Ltd.
BUYER’S WARRANTY AND
INDEMNITY INSURANCE POLICY
This Policy is issued by TATA AIG General Insurance Company Limited
Issuing Office: 15th floor, Tower “A”, Peninsula Business Park, Ganpatrao Kadam Marg,
Lower Parel (West), Mumbai - 400 013 IRDA Regn. No. – 108
Agent/Broker Name –
Agent/Broker License Code Agent/Broker Contact No -
Schedule
This Schedule is a summary of the cover provided by the terms and conditions of the Policy
attached. If there is any inconsistency between the terms and conditions of the Policy and this
Schedule, the terms and conditions of the Policy shall prevail.
Policy Number:
Item 1
Insured:
Insurer:
• [with registered company number •] whose registered
office is at •
[Relevant AIG entity to be inserted]
Item 2
Acquisition
Agreement:
The share sale agreement between • and • relating to the
sale and purchase of all of the issued share capital in •
Limited dated •.
Item 2b
Tax Indemnity
•
Item 3
Insured Warranties:
(a) The warranties numbered • to • inclusive set out in
Schedule • of the Acquisition Agreement (General
Warranties); and
(b) The tax warranties numbered • set out in Schedule • of
the Acquisition Agreement (Tax Warranties) and claims
under the Tax Indemnity set out in clause • of the Acquisition
Agreement.
Item 4
Policy Period:
Commencement Date: • [Date of Acquisition Agreement]
Page 1
TATA AIG General Insurance Company Limited
Regd. Office: 15th Floor, Tower A, Peninsula Business Park, Ganpatrao Kadam Marg, Lower Parel,
Mumbai- 400013, Maharashtra, India. IRDA Registration No.108
CIN NO:U85110MH2000PLC128425
TAGIC CODE : 236432
For more information call the Tata AIG Help line at 1-800-119966 / 1800-266-7780
www.tataaiginsurance.in
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Policy Number: [•]
Tata AIG General Insurance Company Ltd.
Expiry date: •
Item 5
Limit of Liability:
Item 6
De Minimis:
Item 7
Retention:
Item 8
Premium:
GST1:
Total Premium:
Appendix A
Warranty Spreadsheet
As applicable
Appendix
B1
Signing No Claims
Declaration
As applicable
Appendix
Closing No Claims
Declaration
As applicable
Appendix C
Acquisition
Agreement and Tax
Indemnity
As applicable
Appendix D
Form of Assignment
As applicable
B2
1
Amend as is appropriate for the jurisdiction.
Page 2
TATA AIG General Insurance Company Limited
Regd. Office: 15th Floor, Tower A, Peninsula Business Park, Ganpatrao Kadam Marg, Lower Parel,
Mumbai- 400013, Maharashtra, India. IRDA Registration No.108
CIN NO:U85110MH2000PLC128425
TAGIC CODE : 236432
For more information call the Tata AIG Help line at 1-800-119966 / 1800-266-7780
www.tataaiginsurance.in
Project [•]
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Policy Number: [•]
Tata AIG General Insurance Company Ltd.
1. RECITALS
(i)
The Insured is seeking warranty and indemnity insurance in addition to the
protection offered in respect of the warranties given in the Acquisition Agreement.
(ii)
The Insurer agrees to provide such warranty and indemnity insurance subject to
the terms and conditions of this Policy.
Now therefore the Insurer agrees with the Insured as follows:
2. DEFINITIONS AND INTERPRETATION
Definitions in this Policy:
2.1. Acquisition Agreement
means the agreement described in Item 2 of the Schedule (as such agreement may be
amended from time to time in accordance with this Policy), an executed copy of which is
attached as Appendix C. The Acquisition Agreement shall be deemed to include the
Disclosure Letter and their respective schedules or other attachments.
2.2. Actual Knowledge
means actual personal knowledge and for the avoidance of doubt does not include
constructive or imputed knowledge nor does it include any actual, constructive or imputed
knowledge of any advisor or agents of the Insured.
2.3. Breach
means any breach of clause • of the Acquisition Agreement or any claim under paragraph •
of the Tax Deed, in each case in respect of any of the Insured Warranties.
2.4. Business Day
means a day on which banks are open for business in •, other than a Saturday, Sunday or
public holiday in •.
2.5. Buyer
means •.
2.6. Claim
includes a claim, notice, demand, action, proceeding, litigation, investigation, judgment,
damage, loss, cost, expense or liability however arising, whether present, unascertained,
immediate, future or contingent, whether based in contract, tort or statute.
2.7. Claim Notice
means a notice fulfilling the requirements in clause 7 of this Policy.
Page 3
TATA AIG General Insurance Company Limited
Regd. Office: 15th Floor, Tower A, Peninsula Business Park, Ganpatrao Kadam Marg, Lower Parel,
Mumbai- 400013, Maharashtra, India. IRDA Registration No.108
CIN NO:U85110MH2000PLC128425
TAGIC CODE : 236432
For more information call the Tata AIG Help line at 1-800-119966 / 1800-266-7780
www.tataaiginsurance.in
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Tata AIG General Insurance Company Ltd.
2.8. Closing No Claims Declaration
means the Closing No Claims Declaration executed by each of the Deal Team Members on
behalf of the Insured, an executed copy of which is attached as Appendix B2.
2.9. Commencement Date
means the commencement date of the Policy stated in Item 4 of the Schedule.
2.10. Completion
has the meaning attributed to it in the Acquisition Agreement.
2.11. Control
has the meaning attributed to it in the •2.
2.12. Deal Team Members
means • [Insert names of those people at the Insured who reviewed the due diligence,
negotiated the transaction, handled the disclosure etc].
2.13. Defence Costs
means that part of Loss which constitutes reasonable fees, costs and expenses consented
to by the Insurer in writing prior to being incurred by the Insured or the Target Group in the
investigation, settlement, defence or appeal of a Third Party Demand. Defence Costs do
not include any remuneration or other compensation for officers, employees or consultants
of any of the Insured or the Target Group.
2.14. De Minimis
means the amount stated in Item 6 of the Schedule.
2.15. Disclosed3
has the meaning attributed to it in clause • of the Acquisition Agreement.
2.16. Disclosure Letter
means the disclosure letter from • to • dated •.
2.17. Disclosure Materials
Opt 1[has the meaning attributed to that term in the Acquisition Agreement.] / Opt 2[means
the physical (or virtual) data room made available to the Insured or though the response to
the requests for further information during the Insured’s due diligence process.]
2.18. Expiry Date
means the expiry date of the Policy stated in Item 4 of the Schedule.
2.19. General Warranties
has the meaning attributed to it in Item 3 of the Schedule.
2
Statutory references are amended as appropriate in local jurisdiction.
Depending on the agreed standard for disclosure in the SPA, AIG’ preference is to disclosure made in a manner and
context which would enable a reasonable and sophisticated purchaser who has conducted a reasonable and diligent due
diligence to appreciate the content and implications of the matter disclosed.
3
Page 4
TATA AIG General Insurance Company Limited
Regd. Office: 15th Floor, Tower A, Peninsula Business Park, Ganpatrao Kadam Marg, Lower Parel,
Mumbai- 400013, Maharashtra, India. IRDA Registration No.108
CIN NO:U85110MH2000PLC128425
TAGIC CODE : 236432
For more information call the Tata AIG Help line at 1-800-119966 / 1800-266-7780
www.tataaiginsurance.in
Project [•]
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Policy Number: [•]
Tata AIG General Insurance Company Ltd.
2.20. Group Company
of any entity means any entity that, directly or indirectly and by reason of ownership or
management, controls, is controlled by or is under common control with, the indicated
entity.
2.21. Insured
means the Insured stated in Item 1 of the Schedule.
2.22. Insured Closing Warranties
mean, as the case may be, the General Warranties and the Tax Warranties to the extent
covered by this Policy and given by the [Sellers/Warrantors] at Completion (in accordance
with clause [•] of the Acquisition Agreement), or explicitly referring to Completion or the
Completion Date as the decisive date, and to the extent covered by this Policy.
2.23. Insured Signing Warranties
means, as the case may be, the General Warranties and the Tax Warranties given by the
[Seller/Warrantors] at [Signing] and referring to the [Signing Date] as the decisive date, and
in all cases to the extent covered by this Policy.
2.24. Insured Warranties
means the Insured Signing Warranties and the Insured Closing Warranties as the case may
be.
2.25. Insurer
means the Insurer stated in Item 1 of the Schedule and its permitted assigns.
2.26. Limit of Liability
means the amount set out in Item 5 of the Schedule.
2.27. Loss
has the meaning attributed to it in clause 5.
2.28. No Claims Declarations
means the Signing No Claims Declaration and the Closing No Claims Declaration as the
case may be.
2.29. Policy
means this buyer’s warranty and indemnity insurance policy including the Schedule, these
terms and conditions and the Appendices to it.
2.30. Policy Period
means the relevant period of time stated in Item 4 of the Schedule, commencing on the
Commencement Date and ending on the Expiry Date (both dates inclusive).
2.31. Premium
means the amount of Total Premium stated in Item 8 of the Schedule.
Page 5
TATA AIG General Insurance Company Limited
Regd. Office: 15th Floor, Tower A, Peninsula Business Park, Ganpatrao Kadam Marg, Lower Parel,
Mumbai- 400013, Maharashtra, India. IRDA Registration No.108
CIN NO:U85110MH2000PLC128425
TAGIC CODE : 236432
For more information call the Tata AIG Help line at 1-800-119966 / 1800-266-7780
www.tataaiginsurance.in
Project [•]
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Policy Number: [•]
Tata AIG General Insurance Company Ltd.
2.32. Retention
means the amount stated in Item 7 of the Schedule.
2.33. Seller
means •.
2.34. Signing No Claims Declaration
means the Signing No Claims Declaration executed by each of the Deal Team Members on
behalf of the Insured on the date of this Policy, an executed copy of which is attached as
Appendix B1.
2.35. Target Group
means • Limited (with company number •) whose registered office is at • and its Group
Companies (immediately prior to Completion) or any of them as the case requires.
2.36. Tax Indemnity
means the deed described in Item 2b of the Schedule (as such deed may be amended from
time to time in accordance with the terms and conditions of this Policy), an executed copy
of which is attached as Appendix C.
2.37. Tax Warranties
has the meaning attributed to it in Item 3 of the Schedule.
2.38. Third Party Demand
means any demand made or legal action brought against the Target Group by any person
(other than a Group Company of (a) the Insured, (b) the Target Group or (c) the Insurer) in
respect of which the resulting damages would constitute Loss.
2.39. Warranty Spreadsheet
means the warranty spreadsheet attached to this Policy as Appendix A.
Interpretation
(i)
The headings of this Policy are for convenience only and form no part of the
interpretation of the terms and conditions of this Policy.
(ii)
Words importing the singular include the plural and vice versa, words importing a
gender include every gender and references to persons include corporations,
partnerships and other unincorporated associations.
(iii)
The word “including” or similar expression in this Policy shall be deemed to mean
"including without limitation".
(iv)
References in this Policy to the "Schedule", a "clause" or an "Appendix" shall
mean the Schedule, a clause or an Appendix of or to this Policy unless otherwise
stated.
(v)
This Policy shall be interpreted in accordance with legislation in force as at the
date of this Policy.
Page 6
TATA AIG General Insurance Company Limited
Regd. Office: 15th Floor, Tower A, Peninsula Business Park, Ganpatrao Kadam Marg, Lower Parel,
Mumbai- 400013, Maharashtra, India. IRDA Registration No.108
CIN NO:U85110MH2000PLC128425
TAGIC CODE : 236432
For more information call the Tata AIG Help line at 1-800-119966 / 1800-266-7780
www.tataaiginsurance.in
Project [•]
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Policy Number: [•]
Tata AIG General Insurance Company Ltd.
3. INSURING AGREEMENT
3.1. Insuring clause
Subject to the terms and conditions of this Policy, the Insurer shall, in excess of the
Retention and in aggregate up to the Limit of Liability, indemnify the Insured for, or pay on
their behalf, any Loss covered by this Policy which is discovered and reported by the
Insured to the Insurer during the Policy Period.
3.2. Claims made policy
The Insurer shall not be liable for any Loss or otherwise unless a Claim Notice in respect of
that Loss (or the facts or circumstances which give rise to that Loss) has been received by
the Insurer on or prior to the relevant Expiry Date for the Insured Warranties to which the
Claim Notice relates.
3.3. Reliance
In entering into this Policy, the Insurer is relying upon the representations made and
documents provided to the Insurer by the Insured, including the No Claims Declarations.
3.4. Payment of Premium
The Insured shall pay the Premium to the Insurer in cleared funds within 5 Business Days
after the Commencement Date.
3.5. Conditions
(i)
(ii)
Subject to Clause 3.5(ii) below, all of the Insurer’s obligations under this Policy in
general shall be conditional upon:
a)
Completion occurring in accordance with section [•] of the Acquisition
Agreement without any waiver or amendments of the parties' obligations in
section [•] of the Acquisition Agreement unless the Insurer has given its prior
written consent; and
b)
payment of the Premium to the Insurer in accordance with Clause 3.4; and
c)
delivery to the Insurer of the original Signing No Claims Declaration duly
executed by each of the Deal Team Members for all of the Deal Team
Members and on behalf of the Insured at [Signing Date/Commencement
Date].
The Insurer’s obligations under this Policy with respect to an (alleged or actual)
Breach of the Insured Closing Warranties (in whole or in part) shall be conditional
upon:
a)
(i) the receipt by the Insurer of a written description or, as well as review and
acceptance of, the process conducted by the [Seller/Warrantors] enabling
them to comply with their obligation to update disclosures against the Insured
Closing Warranties in accordance with section [•] of the Acquisition
Agreement, and (ii) receipt, review and acceptance of any such disclosures by
the Insurer; and
b)
delivery to the Insurer of the original Closing No Claims Declaration duly
executed by each of the Deal Team Members on behalf of the Insured at
Completion.
Page 7
TATA AIG General Insurance Company Limited
Regd. Office: 15th Floor, Tower A, Peninsula Business Park, Ganpatrao Kadam Marg, Lower Parel,
Mumbai- 400013, Maharashtra, India. IRDA Registration No.108
CIN NO:U85110MH2000PLC128425
TAGIC CODE : 236432
For more information call the Tata AIG Help line at 1-800-119966 / 1800-266-7780
www.tataaiginsurance.in
Project [•]
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Policy Number: [•]
Tata AIG General Insurance Company Ltd.
3.6. Failure to meet conditions
(i)
(ii)
Subject to Clause 3.7, if the condition in Clause 3.5(i)(a) has not been satisfied or
the Acquisition Agreement is terminated, the Insurer, or notwithstanding any other
provisions in the Policy, the Insured shall be entitled to terminate and render void ab
initio this Policy by written notice to the other party, in which case:
a)
the Insurer shall have no liability under this Policy in respect of any Loss or
otherwise; and
b)
the Insurer shall refund the Premium (if it has been paid by the Insured to the
Insurer) to the Insured.
Subject to Clause 3.7, if the condition in Clause 3.5(i)(a) has been satisfied, but the
conditions in Clause 3.5(i) (b) or (c) or Clause 3.5(ii) (a) and (b) are not satisfied on
or before Completion (or in the case of payment of the Premium to the Insurer,
within the time specified in clause 3.4), the Insurer or, notwithstanding any other
provisions in this Agreement, the Insured shall be entitled to terminate and render
void ab initio this Policy by written notice to the other party, in which case:
a)
the Insurer shall have no liability under this Policy in respect of any Loss or
otherwise; and
b)
if the Insured has paid the Premium in accordance with Clause 3.5(i)(b) of the
Policy, the Insurer shall refund [80]% of the Premium paid by the Insured to
the Insurer but shall be entitled to retain [20]% of the Premium.
c)
if the Insured has not paid the Premium in accordance with Clause 4.5(i)(b) of
the Policy the Insured shall pay to the Insurer [20]% of the Premium within 15
Business Days of termination.
3.7. No claims declaration
If the Closing No Claims Declaration contains details of Actual Knowledge of a Breach of an
Insured Closing Warranty or of any facts or circumstances which would reasonably be
expected to give rise to a Breach of an Insured Closing Warranty, the Insurer shall not be
entitled to terminate this Policy in accordance with clause 3.6 by reason of the failure by the
Insured to satisfy condition 3.5(ii)(b), and the Policy will continue, but the Policy will not
apply to any Loss arising out of such Breach.
4. LIMIT OF LIABILITY
4.1. Aggregate limit of liability
The Limit of Liability is the limit of the Insurer's aggregate liability for all payments made by
the Insurer in connection with this Policy for Loss notified during the Policy Period. The
Retention is not part of the Limit of the Liability.
4.2. No obligation once maximum aggregate liability exhausted
If the Insurer pays the full amount of the Limit of Liability under this Policy the Insurer shall
have no further obligation to make any additional payments whatsoever under this Policy in
respect of any Loss or Claim.
Page 8
TATA AIG General Insurance Company Limited
Regd. Office: 15th Floor, Tower A, Peninsula Business Park, Ganpatrao Kadam Marg, Lower Parel,
Mumbai- 400013, Maharashtra, India. IRDA Registration No.108
CIN NO:U85110MH2000PLC128425
TAGIC CODE : 236432
For more information call the Tata AIG Help line at 1-800-119966 / 1800-266-7780
www.tataaiginsurance.in
Project [•]
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Policy Number: [•]
Tata AIG General Insurance Company Ltd.
5. LOSS AND RETENTION
5.1. Definition of Loss
Subject to the other provisions of this Clause 5, Loss means the amount of:
(i)
any monies which the Insured is legally entitled to claim against the Seller pursuant
to the Acquisition Agreement [or monies which the Insured is legally entitled to
recover under the Tax Indemnity] for that Breach (or would be entitled to claim by
disregarding the aggregate liability of the [Seller/Warrantors] set out in clause [•] of
the Acquisition Agreement); and
(ii)
any related Defence Costs.
5.2. Net Loss
Loss shall be calculated net of any amounts recoverable by or other benefits accruing to the
Insured or the Target Group (including any other insurance policies) in direct consequence
of the matter which gives rise to such Loss, including any amount of tax relief obtained by
either of the Insured or the Target Group and any amount by which any tax (for which the
Insured or the Target Group is or may be liable to be assessed) is reduced or extinguished.
5.3. De Minimis
The Insurer shall have no liability under this Policy in respect of a Loss unless the amount
of that Loss exceeds the De Minimis. Any liability the amount of which does not exceed the
De Minimis shall be disregarded in calculating the aggregate amount of liabilities in respect
of Loss provided that this limitation shall not limit the Insured from bringing a number of
claims under this Policy which all arise from the same set of facts and circumstances where
individually each claim is for less than the De Minimis but in aggregate they exceed such
sum.
5.4. Liability in excess of Retention only
The Insurer shall only be liable for Loss (or the aggregate of all individual Losses) in excess
of the Retention.
5.5. Erosion of Retention
The Retention shall only be eroded by Loss for which the Insurer would be liable under this
Policy, but for the Retention.
5.6. Retention uninsured
The Retention shall be uninsured throughout the Policy Period.
5.7. Action by Insured against the Seller
Notwithstanding that the Insured has a right to claim against the Seller pursuant to the
Acquisition Agreement for a Breach, the Insured shall not be required to exercise such right
for a Loss to be capable of eroding the Retention or being recoverable from the Insurer or
payable to the Insured as a Loss.
Page 9
TATA AIG General Insurance Company Limited
Regd. Office: 15th Floor, Tower A, Peninsula Business Park, Ganpatrao Kadam Marg, Lower Parel,
Mumbai- 400013, Maharashtra, India. IRDA Registration No.108
CIN NO:U85110MH2000PLC128425
TAGIC CODE : 236432
For more information call the Tata AIG Help line at 1-800-119966 / 1800-266-7780
www.tataaiginsurance.in
Project [•]
Execution version
Policy Number: [•]
Tata AIG General Insurance Company Ltd.
5.8. Non-financial Loss
Any Loss payable by the Insurer shall only be in the form of a monetary payment and the
Insurer shall not be obliged to seek, pursue or satisfy on behalf of the Insured any nonmonetary remedies or any injunctive, equitable or other non-monetary relief.
6. EXCLUSIONS
4
6.1. The Insurer shall not be liable to pay any Loss arising out of, relating to or to the extent it
is increased by:
4
(i)
any Insured Warranty marked as "Exclude" in the Warranty Spreadsheet or any
Insured Warranty marked as "Partial Cover" in the Warranty Spreadsheet to the
extent that such Loss arises out of or relates to that part of the Insured Warranty
for which cover is not provided as described in the Warranty Spreadsheet;
(ii)
any fact or circumstance which should have been disclosed to the Insurer under
the No Claims Declarations, but in breach of the No Claims Declarations, was not
so disclosed;
(iii)
any Breach (or any fact or circumstance which would reasonably be expected to
give rise to a Breach) of which any Deal Team Member had Actual Knowledge
prior to the date of this Policy;
(iv)
consequential loss or damage, except for consequential loss or damage awarded
against the Target Group pursuant to a final judgment by a court of competent
jurisdiction or arbitrational panel in connection with the resolution of a Third Party
Demand;
(v)
(a) civil fines or penalties (but only to the extent that such fines or penalties are
uninsurable by law) (b) criminal fines or penalties or (c) the multiplied portion of
multiplied damages (whether based upon an alleged pricing multiple or
otherwise);
(vi)
fraud or fraudulent misrepresentation by the Insured or any Deal Team Member;
(vii)
any Tax (as defined in the Acquisition Agreement) which is primarily the liability of
a party other than a member of the Target Group, whether as a result of an
election or otherwise, or which arises by virtue of a member of the Target Group
being a member of a tax group, but which is not referable to supplies, income or
profits made by a member of the Target Group;
(viii)
the non-availability of any tax relief or losses in any member of the Target Group,
whether arising as a result of the failure by such Target Group member to obtain
any relief, the failure (or inability) of any company to surrender any relief or losses
to any member of the Target Group or otherwise
(ix)
the application of transfer pricing legislation in respect of any Target Group
member or an inability of the relevant Target Group member to substantiate a
transfer pricing policy to the relevant taxation authority;
(x)
any funding deficit or other breach of the Target Group’s funding obligations under
[insert details of schemes] (as each are defined in the Acquisition Agreement) or
The exclusions will need to be considered in light of the particular jurisdictional requirements.
Page 10
TATA AIG General Insurance Company Limited
Regd. Office: 15th Floor, Tower A, Peninsula Business Park, Ganpatrao Kadam Marg, Lower Parel,
Mumbai- 400013, Maharashtra, India. IRDA Registration No.108
CIN NO:U85110MH2000PLC128425
TAGIC CODE : 236432
For more information call the Tata AIG Help line at 1-800-119966 / 1800-266-7780
www.tataaiginsurance.in
Project [•]
Execution version
Policy Number: [•]
Tata AIG General Insurance Company Ltd.
any other arrangement (whether or not such arrangement is or has been
maintained, sponsored or participated in by a member of the Target Group) for
the purpose of providing benefits on retirement or death, any liability under
sections 75 and 75A of the Pensions Act 1995 5 and any liability or obligation
imposed by the Pensions Regulator.
(xi)
any adjustment provisions (including post-Completion purchase price
adjustments) in the Acquisition Agreement;
(xii)
[any transaction specific issues6].
6.2. The Insurer shall not be liable to pay any Loss arising out of, relating to or to the extent it
is increased by any Breach if such Breach, or the subject matter thereof, arises directly
from or in connection with or consists of any fact, matter or circumstance which has been
Disclosed in the following documents:
(i)
Acquisition Agreement
(ii)
Disclosure Letter and Disclosure Materials
(iii)
[All relevant documents to be listed, including due diligence reports]
6.3. If only part of the Loss is excluded under this Clause 6, the Insurer shall remain liable for
that part of the total Loss which is not so excluded.
7. CLAIMS PROVISION
7.1. General
Any claims under this Policy in respect of Loss must be dealt with in accordance with this
Clause 7.
7.2. Notification
The Insured shall deliver a Claim Notice to the Insurer, signed by an executive officer of the
Insured, as soon as reasonably practicable after the Insured becomes aware of:
(i)
any fact or circumstance which could reasonably be expected to give rise to a
Loss;
(ii)
a Third Party Demand (or potential Third Party Demand); or
(iii)
a Loss.
7.3. Action by Insureds against the Seller
The Insured shall not be required to proceed against the Seller for recovery under the
Insured Warranties prior to delivering a Claim Notice.
7.4. Claim Notice contents
(i)
5
6
The Claim Notice shall describe, to the best of the Insured’s knowledge after
reasonable inquiry and to the extent the relevant information is available, the facts
Relevant local statute to be inserted to the extent such potential funding obligations apply in the local jurisdiction.
To be considered in light of the relevant transaction.
Page 11
TATA AIG General Insurance Company Limited
Regd. Office: 15th Floor, Tower A, Peninsula Business Park, Ganpatrao Kadam Marg, Lower Parel,
Mumbai- 400013, Maharashtra, India. IRDA Registration No.108
CIN NO:U85110MH2000PLC128425
TAGIC CODE : 236432
For more information call the Tata AIG Help line at 1-800-119966 / 1800-266-7780
www.tataaiginsurance.in
Project [•]
Execution version
Policy Number: [•]
Tata AIG General Insurance Company Ltd.
and circumstances relating to the Loss or potential Loss (including a specific
reference to the relevant Insured Warranties).
(ii)
Subject to complying with Clause 7.4(i), a Claim Notice shall not be invalid for failing
to provide all necessary facts and circumstances and other details of the Breach or
resulting Loss to enable the Insurer to assess the Breach or Loss.
7.5. Late notification
The Insurer shall not be liable for any Loss unless a Claim Notice in respect of that Loss (or
the facts or circumstances which give rise to that Loss) has been delivered to the Insurer
prior to the expiry of the Policy Period.
7.6. Loss subsequent to Claim Notice
If a Claim Notice pursuant to Clause 7.2 (i) or (ii) is delivered to the Insurer by the Insured
during the Policy Period, then any subsequent Loss directly arising out of the facts or
circumstances or Third Party Demand identified in such Claim Notice shall be deemed
reported at the time such Claim Notice was received by the Insurer.
7.7. Insurer's response
As soon as reasonably practicable after the Insurer receives a Claim Notice, the Insurer
shall respond by acknowledging or denying cover for the Loss claimed for or, if the Insurer
is not in a position to determine whether (or the extent to which) the Loss is covered by this
Policy, by requesting such additional information as it may reasonably require from the
Insured.
7.8. Addresses for service
All Claims Notices and any other notice or communication under this Policy shall be made
in writing and signed on behalf of the party giving it. It shall be served either by hand, by fax
or by post and shall be deemed served:
(i)
if by hand, when delivered;
(ii)
if by fax, at the time of transmission (provided a successful transmission
confirmation is obtained and a subsequent copy is sent by registered post within
48 hours of the fax); and
(iii)
if by registered post, 48 hours after posting.
Each such notice or communication shall be delivered (i) if to the Insured, to its address or
fax number stated in Item 1 of the Schedule and (ii) if to the Insurer, to the following
address or fax number:
Tata AIG General Insurance Company Ltd.
Financial Lines Claims
Tata AIG General Insurance Company Ltd.
th
Ahura Centre, 4 Floor, 82, Mahakali Caves Road,
Andheri East, Mumbai – 400093
Page 12
TATA AIG General Insurance Company Limited
Regd. Office: 15th Floor, Tower A, Peninsula Business Park, Ganpatrao Kadam Marg, Lower Parel,
Mumbai- 400013, Maharashtra, India. IRDA Registration No.108
CIN NO:U85110MH2000PLC128425
TAGIC CODE : 236432
For more information call the Tata AIG Help line at 1-800-119966 / 1800-266-7780
www.tataaiginsurance.in
Project [•]
Execution version
Policy Number: [•]
Tata AIG General Insurance Company Ltd.
7.9. Participation in warranty claim by Insurer
The Insurer shall be entitled to participate fully in the defence, negotiation and settlement of
any Breach or potential Breach (including a Third Party Demand), such that the Insured
shall (without limitation):
(i)
not settle, compromise or discharge any Breach without prior consultation with
and the prior written consent of the Insurer;
(ii)
provide the Insurer with copies of all correspondence, pleadings (and other
documents relevant to any arbitration) and other documents or information
received or made by the Insured and to the extent possible afford the Insurer
sufficient time in which to review and comment on such documentation;
(iii)
permit the Insurer to examine and take extracts from the books, records, data and
other information of the Insured and the Target Group relevant to the Breach and
grant the Insurer access to the Insured's and the Target Group's representatives
for interviews and witness statements during normal business hours and in
reasonable locations;
(iv)
keep the Insurer informed of proposed meetings with the Seller or any other
relevant third party in connection with any Breach and allow the Insurer to attend
such meetings and, where the Insurer so requests, provide a detailed written
description to the Insurer of the outcome of meetings and discussions to which
any such observer was not present;
(v)
conduct all negotiations and proceedings in respect of any Third Party Demand
with advisers consented to by the Insurer in writing (such consent not to be
unreasonably withheld or delayed) and take such action as the Insurer may
reasonably request to contest, avoid, resist, compromise or otherwise defend a
Third Party Demand; and
(vi)
provide the Insurer with such other information and assistance in connection with
any Breach or Loss as the Insurer may reasonably request.
7.10. Failure to consent to settlement
If the Insured does not consent to a settlement, compromise or discharge of a Third Party
Demand which is acceptable to the Insurer and to the relevant third party claimant, the
Insured shall not be prevented from defending the Third Party Demand further but the
Insurer shall not be liable for any additional Loss above the amount of such settlement,
compromise or discharge which was acceptable to the Insurer and relevant third party.
8. THIRD PARTY DEMANDS
8.1. Reimbursement of Defence Costs
(i)
If the Insured requests in writing, the Insurer shall, subject to the De Minimis and
provided that the Retention has been fully exhausted, reimburse the Insured after
each calendar month for Defence Costs incurred during such calendar month,
notwithstanding that the Third Party Demand may not have been settled or finally
determined.
Page 13
TATA AIG General Insurance Company Limited
Regd. Office: 15th Floor, Tower A, Peninsula Business Park, Ganpatrao Kadam Marg, Lower Parel,
Mumbai- 400013, Maharashtra, India. IRDA Registration No.108
CIN NO:U85110MH2000PLC128425
TAGIC CODE : 236432
For more information call the Tata AIG Help line at 1-800-119966 / 1800-266-7780
www.tataaiginsurance.in
Project [•]
Execution version
Policy Number: [•]
Tata AIG General Insurance Company Ltd.
(ii)
If the Insurer’s written consent cannot reasonably be obtained before Defence Costs
are incurred with respect to any claim, the Insurer will give retrospective approval for
such Defence Costs of up to, in the aggregate, USD100,000.
8.2. No duty to defend
The Insurer does not assume any duty to defend the Insured with respect to any Third Party
Demand or otherwise.
9. ADDITIONAL OBLIGATIONS OF THE INSURED
9.1. Maintenance of records
Until the later of 90 days after (i) the expiry of the Policy Period or (ii) the final resolution of
all claims or disputes relating to this Policy, the Insured shall, and to the extent possible
shall cause the Target Group and their respective Group Companies to, maintain all of their
respective materials relating to the due diligence and consummation of the transaction
documented in the Acquisition Agreement.
9.2. Mitigation
The Insured shall, and to the extent possible shall cause the Target Group to, act at all
times as if uninsured and take all action necessary or advisable to mitigate any Loss or
potential Loss.
9.3. Excess cover
The cover provided under this Policy is excess over any other applicable insurance cover,
unless such other insurance is written as specific excess insurance over the Limit of
Liability provided by this Policy.
9.4. Other insurance policies
The Insured shall procure to the extent reasonably possible that the Target Group
maintains such insurance cover for the operations of its business that it had maintained in
the three years preceding Completion. The Insurer shall not be liable in respect of any Loss
to the extent that it would be recoverable under such insurance policies.
9.5. Preservation of rights
The Insured shall, and to the extent possible shall cause the Target Group to, do all acts or
things (including omissions) reasonable, necessary or advisable to preserve all rights
against any other person in respect of any Loss and to preserve the Insurer's subrogation
rights with respect thereto.
9.6. Failure to comply
Any inadvertent failure to comply with clauses 9.1 to 9.5 shall not relieve the Insurer of its
obligations under this Policy, except to the extent that the Insurer is adversely affected
thereby.
Page 14
TATA AIG General Insurance Company Limited
Regd. Office: 15th Floor, Tower A, Peninsula Business Park, Ganpatrao Kadam Marg, Lower Parel,
Mumbai- 400013, Maharashtra, India. IRDA Registration No.108
CIN NO:U85110MH2000PLC128425
TAGIC CODE : 236432
For more information call the Tata AIG Help line at 1-800-119966 / 1800-266-7780
www.tataaiginsurance.in
Project [•]
Execution version
Policy Number: [•]
Tata AIG General Insurance Company Ltd.
10. SUBROGATION AND ASSIGNMENT OF RIGHTS
10.1. Right to subrogate
If the Insurer makes any payment to the Insured under this Policy, subject to Clause 10.2,
then (i) the Insurer shall be subrogated to (or may require the Insured to assign to the
Insurer) the Insured's rights of recovery against any person (other than any member of the
Target Group) arising out of or relating to such payment; and (ii) the Insurer may require the
Insured to procure that the Insurer is subrogated to (or that the Insurer has assigned to it)
the rights of recovery of the Target Group against any person (other than any member of
the Target Group) arising out of or relating to such payment.
10.2. Subrogation against the Seller
The Insurer shall only be entitled to subrogate against the Seller if the payment under the
Policy or Loss arose in whole or part out of the Seller's fraud or dishonest misconduct [or
match to SPA if different] [any other warranties to which the seller's cap does not apply –
e.g. title reps?].
10.3. Obligation to secure subrogation rights
The Insured shall, and to the extent possible shall cause its Group Companies to, execute
all documentation required and take all reasonable steps to secure and further any
subrogation or assignment rights under Clause 10.1. In no event shall the Insured or its
Group Companies waive any rights that could affect any such subrogation or assignment.
10.4. Application of recovered amounts
Any amounts recovered by the Insurer as a result of subrogation or assignment of rights
shall be applied firstly to reimburse the Insurer for any costs and expenses incurred in
connection with such recovery, secondly to reimburse the Insured for any Loss borne by it
in excess of the Limit of Liability under this Policy and which provided the basis for such
subrogation or assignment recovery, thirdly to reimburse the Insurer in respect of any Loss
which the Insurer has paid pursuant to this Policy and fourthly to reimburse the Insured in
respect of any Loss which the Insured has retained under the Retention and which provided
the basis for such subrogation or assignment recovery.
10.5. Costs of defending claim
The Insured shall defend at its own expense and be liable for any counterclaim or third
party demand asserted in connection with any assignment or subrogation claim pursued by
the Insurer, unless such counterclaim or third party demand arises out of the same facts
and allegations as the assignment or subrogation claim or would itself lead to a Breach.
11. OTHER MATTERS
11.1. Acquisition Agreement
The Acquisition Agreement shall not be amended or assigned nor shall the Insured give or
accept any consent or waiver under it without obtaining in each case the prior written
consent of the Insurer (such consent not to be unreasonably withheld). The Insurer shall be
entitled to withhold its consent or limit its liability under this Policy in respect of any
amendment, assignment, consent or waiver which could adversely affect the Insurer's rights
or liability under this Policy.
Page 15
TATA AIG General Insurance Company Limited
Regd. Office: 15th Floor, Tower A, Peninsula Business Park, Ganpatrao Kadam Marg, Lower Parel,
Mumbai- 400013, Maharashtra, India. IRDA Registration No.108
CIN NO:U85110MH2000PLC128425
TAGIC CODE : 236432
For more information call the Tata AIG Help line at 1-800-119966 / 1800-266-7780
www.tataaiginsurance.in
Project [•]
Execution version
Policy Number: [•]
Tata AIG General Insurance Company Ltd.
11.2. Reimbursements
(i)
(ii)
The Insured shall reimburse to the Insurer any amount paid by the Insurer in
connection with this Policy:
a)
which is agreed or determined by an arbitrator or court did not constitute Loss
or should not otherwise have been paid under this Policy;
b)
which the Insured or their respective Group Companies subsequently recover
(directly or indirectly) from any insurance or other source which reduces the
amount of Loss actually suffered.
Any such reimbursement shall be made promptly but in no event later than 60 days
after such agreement, determination or receipt.
11.3. Premium
The Premium shall be fully earned at the Commencement Date.
11.4. Cancellation
This Policy may not be cancelled or renewed by the Insured.
11.5. Assignment
(i)
The Insured may without the prior written consent of the Insurer:
a)
assign any or all of its interest in the proceeds of this Policy to a Group
Company of the Insured; or
b)
assign any or all of its interest in the proceeds of this Policy to any bank(s)
and/or holders of debt securities and/or financial institution(s) and/or hedge
counterparties and/or any other person lending money or making other
banking facilities available to any Group Company of the Insured in connection
with the acquisition of the Target Group and/or any refinancing of the debt of
the Insured or its Group Companies or to any financiers who provide funds on
or in connection with any subsequent refinancing of such funding or to any
person from time to time appointed by any financier to act as security trustee
on behalf of such financier; without limitation to the foregoing, any such person
or financier may assign such rights on any enforcement of the security under
such finance arrangements;
provided that the Insured delivers an assignment notice in the substance of the form set out
in Appendix D.
(ii)
Other than set out above, the Insured may not assign any of its rights or interest nor
transfer its obligations under this Policy without the prior written consent of the
Insurer. The Insurer may assign any of its rights interests or transfer its obligations
under this Policy to another insurer that is a member company of American
International Group, Inc. without consent provided that such other insurer's financial
strength rating (Moody's or Standard & Poor's) is equal to or better than that of the
Insurer at the time of such assignment.
11.6. Amendment and waiver
No term of this Policy may be amended or waived without a prior written endorsement or
other instrument duly signed by the Insurer and the Insured.
Page 16
TATA AIG General Insurance Company Limited
Regd. Office: 15th Floor, Tower A, Peninsula Business Park, Ganpatrao Kadam Marg, Lower Parel,
Mumbai- 400013, Maharashtra, India. IRDA Registration No.108
CIN NO:U85110MH2000PLC128425
TAGIC CODE : 236432
For more information call the Tata AIG Help line at 1-800-119966 / 1800-266-7780
www.tataaiginsurance.in
Project [•]
Execution version
Policy Number: [•]
Tata AIG General Insurance Company Ltd.
11.7. Counterparts
This Policy may be executed in any number of counterparts. Each of the executed
counterparts, when exchanged or delivered, shall be deemed to be an original but, taken
together, shall constitute one agreement. This Policy shall not come into effect until it has
been executed by the Insurer and the Insured.
11.8. Invalidity
If any provision of this Policy is or becomes invalid, illegal or unenforceable in any other
respect, the validity, illegality or enforceability of any provision shall not be affected or
impaired in any way.
11.9. Confidentiality
The Insured shall keep this Policy and details of any dispute relating to it confidential. The
Insured shall not disclose this Policy to any third party except as required by law or
regulatory authority, as necessary to support a claim or defence in litigation between the
Insurer and the Insured, or as otherwise agreed in writing by the Insured. This clause shall
survive termination of the Policy.
11.10. Entire Agreement
This Policy constitutes the entire agreement between the Insurer and the Insured
concerning the subject matter of this Policy and supersedes any and all other agreements,
oral or written, between the Insurer and/or its Group Companies on the one hand and the
Insured and/or their respective Group Companies on the other hand, concerning the subject
matter of this Policy. Nothing in this clause 11.10 shall exclude or limit any liability or any
right which any party may have in respect of any statements made fraudulently or
dishonestly prior to the date of this Policy.
12. ARBITRATION AND CHOICE OF LAW
12.1. Choice of law
Any interpretation of this Policy relating to its construction, validity or operation shall be
made in accordance with the laws of •. The parties agree to submit to the non-exclusive
jurisdiction of the courts of •.
12.2. Dispute Resolution
Any dispute arising out of or in connection with this Policy which cannot be otherwise
resolved by the Insurer and the Insured shall be referred to and finally resolved by
arbitration under the Rules of [insert appropriate arbitration regime], which Rules are
deemed to be incorporated by reference into this Clause. The place of the arbitration
proceedings shall be [insert appropriate venue], and the language of the arbitration shall be
English.
12.3. Appointment of arbitrators
It is agreed that:
(i)
The arbitral tribunal shall consist of three members.
(ii)
The Insurer shall appoint one arbitrator and the Insured shall appoint one arbitrator.
If either the Insurer or the Insured does not appoint an arbitrator within one calendar
Page 17
TATA AIG General Insurance Company Limited
Regd. Office: 15th Floor, Tower A, Peninsula Business Park, Ganpatrao Kadam Marg, Lower Parel,
Mumbai- 400013, Maharashtra, India. IRDA Registration No.108
CIN NO:U85110MH2000PLC128425
TAGIC CODE : 236432
For more information call the Tata AIG Help line at 1-800-119966 / 1800-266-7780
www.tataaiginsurance.in
Project [•]
Execution version
Policy Number: [•]
Tata AIG General Insurance Company Ltd.
month of being required to do so by the other, the [insert appropriate arbitration
regime] shall appoint the second arbitrator.
(iii)
The third arbitrator who shall be the chairman shall be appointed by mutual
agreement of the two party-appointed arbitrators within 20 days of the second
arbitrator being appointed. The chairman must be [a [•] qualified barrister or
solicitor] with knowledge and practice in insurance law matters. If the third chairman
is not so appointed within such 20 day period, the [insert appropriate arbitration
regime] shall appoint the chairman with such qualifications.
(iv)
The costs and expenses of the arbitration shall be borne by the Insurer and the
Insured as ordered by the arbitration tribunal. Such legal costs and expenses will
not be part of the Loss payable by the Insurer.
In Witness Whereof the Insurer and the Insured have executed this Policy by their duly
authorised representatives.
Signed by
_________________________
For and on behalf of Tata AIG i
Date:
Signed by
_________________________
For and behalf of •
Date:
Page 18
TATA AIG General Insurance Company Limited
Regd. Office: 15th Floor, Tower A, Peninsula Business Park, Ganpatrao Kadam Marg, Lower Parel,
Mumbai- 400013, Maharashtra, India. IRDA Registration No.108
CIN NO:U85110MH2000PLC128425
TAGIC CODE : 236432
For more information call the Tata AIG Help line at 1-800-119966 / 1800-266-7780
www.tataaiginsurance.in
Project [•]
Execution version
Policy Number: [•]
Tata AIG General Insurance Company Ltd.
Appendix A
Warranty Spreadsheet
Page 19
TATA AIG General Insurance Company Limited
Regd. Office: 15th Floor, Tower A, Peninsula Business Park, Ganpatrao Kadam Marg, Lower Parel,
Mumbai- 400013, Maharashtra, India. IRDA Registration No.108
CIN NO:U85110MH2000PLC128425
TAGIC CODE : 236432
For more information call the Tata AIG Help line at 1-800-119966 / 1800-266-7780
www.tataaiginsurance.in
Project [•]
Execution version
Policy Number: [•]
Tata AIG General Insurance Company Ltd.
Appendix B1
Signing No Claims Declaration
Page 20
TATA AIG General Insurance Company Limited
Regd. Office: 15th Floor, Tower A, Peninsula Business Park, Ganpatrao Kadam Marg, Lower Parel,
Mumbai- 400013, Maharashtra, India. IRDA Registration No.108
CIN NO:U85110MH2000PLC128425
TAGIC CODE : 236432
For more information call the Tata AIG Help line at 1-800-119966 / 1800-266-7780
www.tataaiginsurance.in
Project [•]
Execution version
Policy Number: [•]
Tata AIG General Insurance Company Ltd.
Appendix B2
Closing No Claims Declaration
Page 21
TATA AIG General Insurance Company Limited
Regd. Office: 15th Floor, Tower A, Peninsula Business Park, Ganpatrao Kadam Marg, Lower Parel,
Mumbai- 400013, Maharashtra, India. IRDA Registration No.108
CIN NO:U85110MH2000PLC128425
TAGIC CODE : 236432
For more information call the Tata AIG Help line at 1-800-119966 / 1800-266-7780
www.tataaiginsurance.in
Project [•]
Execution version
Policy Number: [•]
Tata AIG General Insurance Company Ltd.
Appendix C
Acquisition Agreement
Page 22
TATA AIG General Insurance Company Limited
Regd. Office: 15th Floor, Tower A, Peninsula Business Park, Ganpatrao Kadam Marg, Lower Parel,
Mumbai- 400013, Maharashtra, India. IRDA Registration No.108
CIN NO:U85110MH2000PLC128425
TAGIC CODE : 236432
For more information call the Tata AIG Help line at 1-800-119966 / 1800-266-7780
www.tataaiginsurance.in
Project [•]
Execution version
Policy Number: [•]
Tata AIG General Insurance Company Ltd.
Appendix D
Form of assignment
Page 23
TATA AIG General Insurance Company Limited
Regd. Office: 15th Floor, Tower A, Peninsula Business Park, Ganpatrao Kadam Marg, Lower Parel,
Mumbai- 400013, Maharashtra, India. IRDA Registration No.108
CIN NO:U85110MH2000PLC128425
TAGIC CODE : 236432
For more information call the Tata AIG Help line at 1-800-119966 / 1800-266-7780
www.tataaiginsurance.in
Project [•]
Execution version
Policy Number: [•]
Tata AIG General Insurance Company Ltd.
SECTION - Customer Grievance Redressal Procedure
The Company is committed to extend the best possible services to its customers. However,
if you are not satisfied with our services and wish to lodge a complaint, please feel free to
call our 24X7 Toll free number 1800-266-7780/022-66939500 (tolled) or you may email to
the customer service desk at customersupport@tata-aig.com.
Nodal Officer
Please visit our website at www.tataaiginsurance.in to know the contact details of the nodal
officer for your servicing branch.
After investigating the grievance internally and subsequent closure, We will send Our
response within a period of 10 days from the date of receipt of the complaint by the
Company or its office in Mumbai. In case the resolution is likely to take longer time, We will
inform you of the same through an interim reply.
Escalation Level 1
For lack of a response or if the resolution still does not meet your expectations, you can
write to manager.customersupport@tata-aig.com. After investigating the matter internally
and subsequent closure, We will send Our response within a period of 8 days from the date
of receipt at this email id.
Escalation Level 2
For lack of a response or if the resolution still does not meet your expectations, you can
write to the Head - Customer Services at head.customerservices@tata-aig.com. After
examining the matter, We will send you our final response within a period of 7 days from
the date of receipt of your complaint on this email id.
Within 30 days of lodging a complaint with us, if you do not get a satisfactory response from
us and you wish to pursue other avenues for redressal of grievances, you may approach
Insurance Ombudsman appointed by IRDAI under the Insurance Ombudsman Scheme.
Page 24
TATA AIG General Insurance Company Limited
Regd. Office: 15th Floor, Tower A, Peninsula Business Park, Ganpatrao Kadam Marg, Lower Parel,
Mumbai- 400013, Maharashtra, India. IRDA Registration No.108
CIN NO:U85110MH2000PLC128425
TAGIC CODE : 236432
For more information call the Tata AIG Help line at 1-800-119966 / 1800-266-7780
www.tataaiginsurance.in
Project [•]
Execution version
Policy Number: [•]
Tata AIG General Insurance Company Ltd.
Jurisdiction territory
Office of the Ombudsman
State of Gujarat and Union Territories of Dadra & Nagar Haveli
and Daman and Diu.
6th Floor, Jeevan Prakash Bldg,Tilak Marg, Relief
Road, Ahmedabad - 380001.Tel : 07925501201/02/05/06
Email: bimalokpal.ahmedabad@gbic.co.in
State of Karnataka.
24th Main Road, Jeevan Soudha Bldg, JP Nagar, 1st
Phase, Bengaluru – 560 025. Tel.: 08022222049/22222048 Fax: 080 Email: bimalokpal.bengaluru@gbic.co.in
States of Madhya Pradesh and Chattisgarh.
2nd Floor, Janak Vihar Complex, 6, Malviya Nagar,
Bhopal – 462 003. Tel.: 0755 - 2769201 / 2769202
Fax: 0755 - 2769203
Email: bimalokpal.bhopal@gbic.co.in
State of Orissa.
62, Forest Park, BHUBANESHWAR-751 009.
Tel.:- 0674-2596455/2596003
Fax : 0674-2596429
Email : bimalokpal.bhubaneswar@gbic.co.in
States of Punjab, Haryana, Himachal Pradesh, Jammu &
Kashmir and Union territory of Chandigarh.
SCO No.101-103, 2nd Floor, Batra Building, Sector 17
– D, Chandigarh – 160 017.
Tel.: 0172 - 2706468/2772101 Fax : 0172-2708274
Email : bimalokpal.chandigarh@gbic.co.in
State of Tamil Nadu and Union Territories - Pondicherry Town
and Karaikal (which are part of Union Territory of Pondicherry).
Fathima Akhtar Court, 4th Floor, 453 (old 312), Anna
Salai, Teynampet, CHENNAI-600 018.
Tel.: 044 - 24333668 / 24335284
Fax : 044-24333664
Email : bimalokpal.chennai@gbic.co.in
States of Delhi.
2/2 A, Universal Insurance Building, Asaf Ali Road,
NEW DELHI-110 002.
Tel.: 011-23234057/23232037 Fax : 011-23230858
Email : bimalokpal.delhi@gbic.co.in
States of Assam, Meghalaya, Manipur, Mizoram, Arunachal
Pradesh, Nagaland and Tripura.
“Jeevan Nivesh”, 5th Floor, Near Panbazar
Overbridge, S.S. Road, GUWAHATI-781 001
(ASSAM). Tel.: 0361 - 2132204 / 2132205
Fax : 0361-2732937
Email : bimalokpal.guwahati@gbic.co.in
States of Andhra Pradesh, Telangana and Union Territory of
Yanam and a part of the Union Territory of Pondicherry.
6-2-46, 1 Floor, Moin Court, A. C. Guards, Lakdi-KaPool, HYDERABAD-500 004.
Tel.: 040 - 65504123 / 23312122
Fax: 040-23376599
Email : bimalokpal.hyderabad@gbic.co.in
State of Rajasthan
Jeevan Nidhi – II Bldg., Gr. Floor, Bhawani Singh
Road, Jaipur - 302 005.
Tel.: 0141-2740363
Fax: 0141 Email : bimalokpal.jaipur@gbic.co.in
st
Page 25
TATA AIG General Insurance Company Limited
Regd. Office: 15th Floor, Tower A, Peninsula Business Park, Ganpatrao Kadam Marg, Lower Parel,
Mumbai- 400013, Maharashtra, India. IRDA Registration No.108
CIN NO:U85110MH2000PLC128425
TAGIC CODE : 236432
For more information call the Tata AIG Help line at 1-800-119966 / 1800-266-7780
www.tataaiginsurance.in
Project [•]
Execution version
Policy Number: [•]
Tata AIG General Insurance Company Ltd.
State of Kerala and Union Territory of (a) Lakshadweep (b)
Mahe-a part of Union Territory of Pondicherry.
2nd Floor, CC 27/2603, Pulinat Bldg., M. G. Road,
ERNAKULAM-682 015.
Tel.: 0484 - 2358759 / 2359338
Fax: 0484 - 2359336
Email : bimalokpal.ernakulam@gbic.co.in
States of West Bengal, Sikkim and Union Territories of
Andaman and Nicobar Islands.
Hindustan Building. Annexe, 4 Floor, C.R. Avenue,
Kolkatta – 700 072.
Tel.: 033 - 22124339 / 22124346
Fax : 033 - 22124341
Email : bimalokpal.kolkata@gbic.co.in
Districts of Uttar Pradesh : Laitpur, Jhasi, Mahoba, Hamirpur,
Banda, Chitrakoot, Allahabad, Mirzapur, Sonbhabdra, Fatehpur,
Pratapgarh, Jaunpur, Varanasi, Gazipur, Jalaun, Kanpur,
Lucknow, Unnao, Sitapur, Lakhimpur, Bahraich, Barabanki,
Raebareli, Sravasti, Gonda, Faizabad, Amethi, Kaushambi,
Balrampur, Basti, Ambedkarnagar, Sultanpur, Maharajgang,
Santkabirnagar, Azamgarh, Kushinagar, Gorkhpur, Deoria, Mau,
Ghazipur, Chandauli, Ballia, Sidharathnagar
Jeevan Bhawan, Phase-2,6 Floor,
Nawal Kishore Road, Hazaratganj,
LUCKNOW-226 001.
Tel.: 0522 - 2231330 / 2231331
Fax: 0522 - 2231310
Email : bimalokpal.lucknow@gbic.co.in
Goa, Mumbai Metropolitan Region excluding Navi Mumbai &
Thane.
3rd Floor, Jeevan Seva Annexe,
S.V. Road, Santacruz(W),
MUMBAI-400 054.
Tel.: 022-26106960/26106552
Fax: 022 - 26106052
Email : bimalokpal.mumbai@gbic.co.in
Maharashtra, Area of Navi Mumbai and Thane excluding
Mumbai Metropolitan Region.
3 Floor,Jeevan Darshan, N.C. Kelkar Road, Narayan
Peth, Pune – 411 030. Tel.: 020-32341320
Fax: 020 -2
Email : bimalokpal.pune@gbic.co.in
State of Bihar and Jharkhand.
1st Floor,Kalpana Arcade Building, Bazar Samiti Road,
Bahadurpur, Patna 800 006.
Tel No: 0612-2680952
Email: bimalokpal.patna@gbic.co.in
State of Uttaranchal and the following Districts of Uttar Pradesh
:
Agra, Aligarh, Bagpat, Bareilly, Bijnor, Budaun, Bulandshehar,
Etah, Kanooj, Mainpuri, Mathura, Meerut,Moradabad,
Muzaffarnagar, Oraiyya, Pilibhit, Etawah, Farrukhabad,
Firozbad, Gautambodhanagar, Ghazaibad,
Hardoi, Shahjahanpur, Hapur, Shamli, Rampur, Kashganj,
Sambhal, Amroha, Hathras, Kanshiramnagar, Saharanpur
Bhagwan Sahai Palace , 4th Floor, Main Road,
Naya Bans, Sector 15, G.B. Nagar, Noida. NOIDA –
201301
Tel: 0120-2514250/51/53
Email: bimalokpal.noida@gbic.co.in
th
th
rd
This Policy is subject to IRDAI (Protection of Policyholder’s Interests) Regulation,
2017.
Page 26
TATA AIG General Insurance Company Limited
Regd. Office: 15th Floor, Tower A, Peninsula Business Park, Ganpatrao Kadam Marg, Lower Parel,
Mumbai- 400013, Maharashtra, India. IRDA Registration No.108
CIN NO:U85110MH2000PLC128425
TAGIC CODE : 236432
For more information call the Tata AIG Help line at 1-800-119966 / 1800-266-7780
www.tataaiginsurance.in
Project [•]
Execution version
Policy Number: [•]
Tata AIG General Insurance Company Ltd.
Page 27
TATA AIG General Insurance Company Limited
Regd. Office: 15th Floor, Tower A, Peninsula Business Park, Ganpatrao Kadam Marg, Lower Parel,
Mumbai- 400013, Maharashtra, India. IRDA Registration No.108
CIN NO:U85110MH2000PLC128425
TAGIC CODE : 236432
For more information call the Tata AIG Help line at 1-800-119966 / 1800-266-7780
www.tataaiginsurance.in
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