New Delhi: Generally people know very well about life insurance, accident insurance, and term insurance, but very few people will know about cash insurance. You can ensure your cash under this insurance. After insurance, if you lose money then the insurance company compensates for this loss. This insurance is useful for such people who keep more money in their home or office or transfer it from one place to another. In such a situation, you do not have to suffer a loss due to theft or robbery.
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These things are covered under this insurance. The bank and currency notes, bank drafts, treasury notes, checks and postal orders and postage stamps in circulation are included. In case of loss of money in this way, the insurance company compensates it.
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If a person is going to withdraw money from the bank and give salary to the employees of his factory and rob him of money on the way, then under this insurance the loss can be repaid. The person is going to take cash from his home or office and deposit it in the bank, and even if the money is looted from him, then the loss under insurance can be repaid. If you have kept a large amount of money in the vault of your house for one night or due to a bank holiday and someone steals it by stealing it, you will still get the sum assured. If a banking institution is going to deposit cash in the ATM and if the money is stolen on the way, then the loss will be repaid by cash insurance.
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