Adequate Coverage From Natural And Unforeseen Perils.
Adequate Coverage From Natural And Unforeseen Perils.

With Commercial Property Insurance, you can safeguard your organization from natural perils such as fire, storm and lightning and flood perils and coverage against burglary and housebreaking. You can also cover your property for Fidelity, Public Liability, Business Interruption, Machinery Breakdown, etc.

For further information on this product please contact your Relationship Manager.

Commercial Property Insurance

Commercial Property Insurance

With Fire and Burglary Insurance, you can safeguard your organization from natural perils such as fire, storm and lightning and flood perils and coverage against burglary and housebreaking.

1Business Interruption / Fire Loss of ProfitCovers all perils covered under Standard Fire and Special Perils policy Covered only with Fire – Material Damage cover. Offers following cover 1. Pays loss of gross profit during the indemnity period 2. Pays only if claim under Material Damage policy is also payable Add on Coverage : Earthquake & Terrorism
2Electronic Equipment Covers breakdown of Equipments or machinery due to internal reasons such as sudden breaking of parts, electrical short-circuit
3Portable Risks/All risksCovers Loss, Damage or Destruction to Portable Electronic items such as laptops, palmtops, mobile phones, projectors etc
4MoneyCovers Loss of Cash in Transit, Cash in Safe & Cash in Counter
5Fidelity Guarantee / Employee DishonestyCovers loss of money or goods caused by fraud or dishonesty of employees
6PA / Accident to EmployeesCovers the employees of the organisation againsts accidental bodily injury resulting in death, permanent total disablement, permanent partial disablement, or weekly benefits due to temporary disablement. Add on coverage: Medical expenses.
7BaggageCovers: Loss or damage to accompanied personal baggage of the Insured person (employee) due to Fire, Riot & Strike, Terrorist Activity, Theft or Accident during any time during the policy period while travelling on official tour
8Neon SignCovers loss or damage to installation Installation of Glow signs, neon sign against any accidental external means, Fire, theft, or external explosion.
9Plate GlassCovers accidental breakage of fixed plateglass. Add-on cover : boarding cost
10Public LiabilityCovers Liabilities to the Third Parties in respect of 1. Accidental Death or Accidental Bodily Injury 2. Accidental Property Damage 3. Arising out of the business activities of the insured
11Workmen CompensationCovers: Compensation towards liability to a workman in respect of accident arising out of and in course of business of the insured
12Mechanical & Electrical Appliances (Breakdown)/Machinery BreakdownCovers sudden and unforeseen accidental, electrical and mechanical breakdown to machinery. Cover operates when the insured property is at work or at rest or being dismantled for the purpose of cleaning/overhauling and subsequent re-erection at the same premises

Standard Fire & Special Perils Policy

  • Fire
  • Storm, Flood and Cyclones
  • Riot, Strike and Malicious damage
  • Lightning
  • Explosion / Implosion
  • Aircraft Damage
  • Impact Damage due to Rail / Road / Animal
  • Subsidence and Landslide including Rock slide
  • Bursting or Overflowing of Water Tanks or Pipes
  • Missile Testing Operations
  • Leakage from Automatic sprinkler Installations
  • Bush Fire.

Add on Coverage

  • Earthquake
  • Terrorism

Burglary & Housebreaking Policy

  • "Burglary" means any theft following upon actual forcible and violent entry and/ or exit from the premises and includes housebreaking
  • "Hold - up" means when the Insured or its personnel is/ are threatened by any weapon and there exists a possibility of actual physical threat to the person of the Insured or its personnel.


  • Any loss of or damage to property or any part thereof while contained in the premises described, due to Burglary or Hold - up and/ or
  • Damage caused to the premises resulting from Burglary or any attempt thereat any time during the period of insurance
  • Liability of the Company will in no case exceed the Total Sum Insured

Insurance for

  • Plant & Machinery
  • Furniture, Fixture & Fittings
  • Stock (Raw Material, WIP, Finished Goods)
  • Equipments
  • Theft is typically NOT COVERED under Burglary insurance - however can be provided as an extension subject to Underwriting acceptance and payment of additional premium

First Loss Basis (%)

  • Where the volume of contents is huge and possibility of 100% loss is improbable, Burglary Cover is offered on 'First Loss Basis'.
  • First Loss is mentioned in terms of percentage...25%, 50%
  • Though the cover is offered to the entire contents, Liability of the insurer is restricted to the First Loss Limit.
  • Customer is benefited as the entire contents are covered and premium is lesser as the Insurer Limit their liability
Eligibility Criteria
  • Shops those who deal in hazardous goods such as explosives (including Arms & Ammunitions), Fire crackers, matches, flammable liquids (including Petrol Bunks) & paints, Fibres of all origin(such as jute, coir, hay, straw etc), Timber or wood works, films (including cinema films), Jewelry, Art, curios, antique, textile or garment showrooms / shops, Furniture shops.
  • Transporters godown, standalone godowns storing hazardous goods, godowns storing multiple items belonging to different entities.
  • Financial Institutions such as Bank, Pawn Broker including Profession cash carriers.
  • Amusement Arcades / Betting Shops / Casinos.
  • Cold Storages.

Andaman & Nicobar Island, Lakshadweep, NE States, Jammu & Kashmir, Specified districts in Himachal Pradesh.

  • Enjoy up to Rs2,500 Bonus Reward Points* on your first spend with the Citibank Rewards Card.
  • IndianOil Citibank Platinum Credit Card.


Insurance products are obligations only of the Insurance company. They are not bank deposits or obligations of or guaranteed by Citibank N.A, Citigroup Inc or any of its affiliates or subsidiaries or any Governmental agency. All claims under the policy will be solely decided upon by the Insurance Company. Citibank, Citigroup or any of their affiliates and group entities hold no warranty and do not make any representation about the insurance, the quality of claims processing and shall not be responsible for claims, recovery of claims, or for processing of or clearing of claims, in any manner whatsoever. This document does not constitute the distribution of any information or the making of any offer or solicitation by anyone in any jurisdiction in which such distribution or offer is not authorized or to any person to whom it is unlawful to distribute such a document or make such an offer or solicitation. Investment products are not available to US persons and may not be available in all jurisdictions.

The information provided on this website does not constitute the marketing of any products or services to individuals resident in the European Union, European Economic Area, Switzerland, Guernsey and Jersey. The content on this website is not, and should not be construed as, an offer, invitation or solicitation to buy or sell any of the products and services mentioned herein to such individuals.

Participation by the bank's customers in an insurance product is purely on a voluntary basis.

*IRS Circular 230 Disclosure: Citigroup, Inc., its affiliates, and its employees are not in the business of providing tax or legal advice to any taxpayer outside of Citigroup, Inc. and its affiliates. This document is not intended or written to be used, and cannot be used or relied upon, by any such taxpayer for the purpose of avoiding tax penalties. Tax benefits are subject to changes in the tax laws. Any such taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax advisor.

Citibank N.A. is a registered Corporate Agent of Tata AIA Life Insurance Company Limited, New India Assurance Company Limited, Royal Sundaram General Insurance Company Limited, Aditya Birla Health Insurance Company Limited, Bajaj Allianz General Insurance Company Limited and HDFC Ergo Health Insurance Limited under the composite license number CA0086 issued by IRDAI.

Life Insurance Policies: These policies are underwritten by Tata AIA Life Insurance Co. Limited (IRDAI Registration No. 110)
CIN: U66010MH2000PLC128403 with its registered office at 14th Floor, Tower A, Peninsula Business Park, Senapati Bapat Marg,
Lower Parel, Mumbai 400013.

All guaranteed benefits are payable only when all premiums are paid when due.

Investment risk in the investment portfolio is borne by the Policy Holder. The premium paid in Unit Linked Life Insurance policies are subject to investment risks associate with capital markets and the NAVs of the units may go up or down based on the performance of the fund and factors influencing the capital market and the insured is responsible for his or her decision. Tata AIA Life is only the name of the Insurance Company and the funds offered are only the names of the funds and does not in any way indicate the quality of the contract, its future prospects or returns.

Non-life Insurance Policies: Policies are underwritten by New India Assurance Company Limited (IRDAI Registration No. 190) CIN: U99999MH1919GOI000526 with its registered office at No.87, Mahatma Gandhi Road, Fort, Mumbai – 400 001, by Royal Sundaram General Insurance Company Limited (IRDAI Registration No. 102) CIN:U67200TN2000PLC045611 with its registered office at No. 21, Patullos Road, Chennai 600 002 or by Bajaj Allianz General Insurance Company Limited (IRDAI Registration No. 113) CIN: U66010PN2000PLC015329 with its registered office at Bajaj Allianz House, Airport Road, Yerawada, Pune 411 006.

Specialist Health Insurance Policies: These policies are underwritten by HDFC Ergo Health Insurance Limited (IRDAI Registration No. 131) CIN: U66030MH2006PLC331263 with its registered office at 101, First Floor, Inizio, Cardinal Gracious Road, Chakala, Opposite P & G Plaza, Andheri (East), Mumbai, Maharashtra 400099 or by Aditya Birla Health Insurance Company Limited (IRDAI Registration No. 153) CIN: U66000MH2015PLC263677 with its registered office at 9th Floor, One Indiabulls Centre, Tower 1, Jupiter Mills Compound, S.B. Marg, Elphinstone Road, Mumbai 400 013.

For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding the sale.

For any queries with respect to your Insurance Policies bought through Citibank N.A., kindly contact 24 x 7 CitiPhone, The updated numbers are available on

  1. No person shall allow or offer to allow, either directly or indirectly, as an inducement to any person to take out or renew or continue an Insurance in respect of any kind of risk relating to lives or property in India, any rebate of the whole or part of the commission payable or any rebate of the premium shown on the policy nor shall any person taking out or renewing or continuing a Policy accept any rebate, except such rebate as may be allowed in accordance with the published prospectus or tables of the Insurer.
  2. Any person making default in complying with the provisions of this section shall be liable for penalty which may extend to
    ten lakh rupees.