Insurance products benefits and exclusion are underwritten by insurance companies duly licensed by the IRDAI. CIN-U74999AS2019PTC019616 /IMF186946420520220525
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The existence of material property susceptible to damage or destruction by fire or other peril.
The fact that material property has intrinsic value measurable in terms of money recognized by the economic beliefs of society.
The fact that the occurrence of a fire will result not only in loss of or damage to material property but also other consequential losses such as loss of production causing loss of.