An opening in the Fire place floor, usually placed at the rear, through which ashes are conveyed to the basement or outside.

This is a scheme to provide relief to the retrenched workmen. The sustenance allowance is payable up to 12 months or until he/she secures alternate employment, whichever is earlier. The cover is available for ongoing companies only. The company should not have been closed for continuous period over 30 days during last 12 months. The company should not have immediate plan to go on reengineering and up-gradation at the time of proposing the cover. Employees’ salary (Basic+DA) should not be more than Rs. 10,000 per months and he should be contributing to EPF for at least 12 months at the time of proposing the cover.

Those other than the crew using force or violence to steal a ship or its cargo. Such action is an insured peril under an Ocean Marine contract.

An intentional, unlawful threat of bodily injury to another by force, or force unlawfully directed towards the person of another, under such circumstances as create well-founded fear of imminent peril, coupled with apparent present ability to execute the attempt; battery consists of the actual execution of the act offered in an assault – hence, the placing of the victim in fear (assault) and the actual infliction of the injury (battery) constitute what is commonly referred to as assault and battery.

A characteristic of some insurance policies in which policyholders are obliged to pay money, in addition to premiums, if the insurer experiences losses.

Insurance to which the policyholder may be required to contribute in the event the company becomes unable to pay its losses; confined to certain mutual companies.