A provision in a property insurance policies that the contract shall be valid even though the insured has an agreement with the railroad waiving subrogation against the railroad. Usually used in connection with a railroad sidetrack agreement.

A provision in a property insurance policy, usually written due to the existence of a sidetrack agreement with the railroad. The clause states that the coctract remains valid despite the agreement the insured has with the railroad waiving subrogation against them.

A form of an accident insurance policy sold in railroad stations by ticket agents or by vending machines or being forming part of journey ticket.

An insurance policy, similar to travel accident insurance, which is normally sold at the railroad station.

coverage A weather coverage that indemnifies a promoter or organizer against loss of income because of the cancellation of an outdoor event due to rainfall that exceeds a specified amount during a specified time period. Also considered as events coverage.
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Insurance against loss caused by a measured amount of rainfall within stated period of time. Protects against loss of expenses incurred or loss of income expected caused by reduction of patronage of sales or other events by rain, hail, snow or sleet.

Insurance that covers loss of income due to an outdoor event being cancelled because of rain. To be covered, the rain must usually be at least a certain amount and occur during a specified time frame.

The scheme is introduced to cover all cross sections of women in the age group of 10-75 of 10-75 years irrespective of their income, occupation or vocation. The Scheme would cover death and/or disablements to women arising out of all types of accidents as defined below: (a) Permanent Total disablement-Rs. 25,000 (b) Loss of one limb and one eye or loss of both Eyes and/or loss of both limbs-Rs. 25,000 (c) Loss of one limb/sight in one eye-Rs. 12,500. In the case of unmarried woman the policy will be extended to cover the death due to accident in which event compensation of Rs. 25,000 will be payable to the; nominee or legal heir. In the case of married woman the policy will be extended to cover the death of the Insured’s husband arising out of accidental death in which event the compensation of Rs. 25,000 will be payable to the wife only. In the event of wife predeceasing the husband or in the event of simultaneous death of both the husband and the insured wife no compensation shall arise under this extension.

(a) Temporary Total disablement arising out of an accident defined herein above and resulting in hospitalization as an impatient resulting in total disability to engage in any occupation or work or employment-Rs. 500 per month subject to a maximum of Rs. 1,500 (b) Legal Divorce: Actual legal expenses necessarily incurred for legal divorce proceedings initiated during the currency of the policy and incurred during the currency of the policy or during renewal of the policy but once in life time of the insured and provided the expenses shall be reimbursed only on obtaining divorce decree-Actual not exceeding Rs. 2,000 (c) Loss and or damage to household goods/personal effects whilst contained in house/dwelling arising out of fire, lightning, riots, terrorism, storm, typhoon, flood, cyclone and earthquake – Rs. 2,000/-