Royal Sundaram Bharat Sookshma Udyam Suraksha

What is Bharat Sookshma Udyam Suraksha?

The Bharat Sookshma Udyam Suraksha scheme is a governmentbacked initiative aimed at protecting smallscale enterprises from unforeseen risks such as fire, natural calamities, theft, and business interruption. Royal Sundaram, a leading general insurer in India, offers a dedicated policy that aligns with the schemes objectives, providing comprehensive protection tailored to micro and smallbusiness owners.

Eligibility Who Can Apply?

The policy is designed for the following categories of enterprises:

• Microenterprises with an annual turnover of up to 5 crore.
• Small enterprises earning between 5 crore and 20 crore.
• Familyrun shops, kiosks, service providers, homebased businesses and startups registered under the MSME definition.
• Businesses operating in sectors such as retail, food processing, handicrafts, textile, automobile repair, and others that meet the turnover criteria.

All applicants must possess a valid Udyog Aadhaar or any other governmentissued MSME registration document.

Coverage & Benefits

Royal Sundarams Bharat Sookshma Udyam Suraksha policy offers a blend of compulsory and optional coverages:

Core (Compulsory) Cover

• Fire and Lightning Damage to building, plant, machinery, stock, and other assets.
• Flood, Cyclone & Storm Protection against natural calamities listed under the National Disaster Management Act.
• Theft & Burglary Loss of goods, equipment and cash due to forced entry.
• Business Interruption Compensation for loss of income during downtime caused by an insured peril.

Optional AddOns

• Equipment Breakdown
• Public Liability
• Employee Dishonesty
• Cyber Risk (for digitalbased microbusinesses)
• Loss of Portable Equipment

Key benefits include:

• Fast claim settlement average turnaround < 10 business days.
• No waiting period for fire or burglary claims.
• Flexible premium payment yearly, halfyearly, or quarterly.
• Free risk assessment and loss prevention advisory for firsttime policyholders.

How to File a Claim

Royal Sundaram has streamlined the claim process to minimise disruption to your business:

1. Notify the insurer: Call the 24hour helpline (18001234567) within 24 hours of the incident.
2. Submit required documents: Police FIR (for theft), fire department report, original invoices, and a detailed loss statement.
3. Site inspection: A claim adjuster visits the premises, assesses damages and prepares a loss report.
4. Claim approval: Once verified, the settlement amount is transferred directly to the businesss bank account.
5. Postsettlement support: Get guidance on rebuilding, procurement of replacement stock, and preventive measures to avoid repeat losses.

For quick reference, download the Claim Checklist PDF and keep it handy.

Why Choose Royal Sundaram?

Royal Sundaram stands out for its deep understanding of Indian MSMEs and a commitment to their growth.

• Specialised MSME expertise: Dedicated relationship managers who understand sectorspecific risks.
• Transparent pricing: No hidden clauses; premium calculations are shared openly.
• Digital experience: Online policy purchase, esignature, and mobile app for realtime claim tracking.
• Customer satisfaction: Over 92% claim satisfaction rating in the past fiscal year.
• Community support: Partnerships with local trade bodies to organise riskmanagement workshops.

Ready to protect your small business?