INLAND TRANSIT DECLARATION POLICY 1

Overview of Inland Transit Declaration Policy 1

Basic flow of Inland Transit Declaration Policy 1

PERSONAL EFFECT POLICY 7

Overview Of Personal Effect Policy 7

Basic flow of Personal Effect Policy 7

TRANSIT RISK DECLARATION 13

Overview Of Transit Risk Declaration Policy 13

Basic flow of Transit Risk Declaration Policy 13

PROJECT EAR POLICY 18

Overview Of Project EAR Policy 18

Basic flow of Project EAR Policy 18Policy Details Screen 21

PROJECT BAR POLICY 26

Overview Of Project BAR Policy 26

Basic flow of Project BAR Policy 26Sum Insured Details 33Premium Details 34

Inland Transit Declaration Policy

Overview of Inland Transit Declaration PolicyThis policy covers dispatch of materials manufactured by L&T or new materials purchased from outside parties, to / from anywhere in India being sent as accompanied / unaccompanied baggage within India through couriers or as accompanied baggage through Larsen & Toubro Limited.

Basic flow of Inland Transit Declaration PolicyA user logging in the system through “ACCOUNT” role initiates the Policy request. Then the policy request goes to the “INSURANCE” department. Then “INSURANCE”

department verifies the details and submits the policy to the Insurance Company. After the approval of the policy by the insurance company they provide the Policy No and the Policy is finalized.

Menu Structure for Inland Transit Declaration Policy:

Policy Search Screen

Functionality of the screen:

The user enters or selects the search criteria and clicks on the “Search Button” to get the corresponding records. After clicking on the Search Button the records based on those criteria are displayed.

Click on the Reference Number Link to see the details of the particular record.

Policy Details Screen

Definition of the different Fields :

Policy Details: Reference No: Unique Reference Number for the record, auto-generated by the

system. Request Date: Date when the Policy was initiated. Insured Name: Selects the name of the insured. Policy No: Policy Number. Policy Start Date: Date on which the policy starts. Policy End Date: Date on which the policy ends. Department Code: Department Code of the initiator.

Initiator Details: PS No.: Pay Sheet Number of the initiator. Name: Name of the initiator. Department: Department of the initiator. Location: Location of the department of the initiator.

Transport Details Category: Category of the material. Total Value of dispatches for the month for insurance: The value of dispatches

for the month for insurance

Policy Status: Total Sum Insured utilized: Total Sum Insured utilized. Total Premium utilized: Total Premium utilized. Balance sum insured: Balance sum insured. Balance Premium: Balance Premium.

Corporate Insurance: Premium: Total premium. Total Premium: Actual Value of Total Premium. Authentication By: Name of the person who authenticated the Policy request

from Insurance Department. Authentication Date: Date when the Policy was authenticated by Insurance

Department Remarks: Insurance Department remarks.

Personal Effect Policy

Overview Of Personal Effect PolicyThis policy covers dispatch of materials manufactured by L&T or new materials purchased from outside parties, to / from anywhere in India being sent as accompanied / unaccompanied baggage within India through couriers or as accompanied baggage through Larsen & Toubro Limited.

Basic flow of Personal Effect PolicyA user logging in the system through “ACCOUNT” role initiates the Policy request. Then the policy request goes to the “INSURANCE” department. Then “INSURANCE” department verifies the details and submits the policy to the Insurance Company. After the approval of the policy by the insurance company they provide the Policy No and the Policy is finalized.

Menu Structure for Personal Effect Policy:

Policy Search Screen

Functionality of the screen:

The user enters or selects the search criteria and clicks on the “Search Button” to get the corresponding records. After clicking on the Search Button the records based on those criteria are displayed.

Click on the Reference Number Link to see the details of the particular record.

Policy Details Screen

Definition of the different Fields :

Policy Details: Reference No: Unique Reference Number for the record, auto-generated by the

system. Request Date: Date when the Policy was initiated. Policy No: Policy Number. Policy Start Date: Date on which the policy starts. Policy End Date: Date on which the policy ends. Department Code: Department Code of the initiator.

Premium Amount: Total Premium amount.

Initiator Details: PS No.: Pay Sheet Number of the initiator. Name: Name of the initiator. Department: Department of the initiator. Location: Location of the department of the initiator. HR E-Mail: Email Address of the HR. To be paid by the Employee: Selects whether th premium will be paid by the

employee. Extra premium: Extra premium. Transfer Letter Reference No: Transfer Letter reference Number. Transfer Letter Date: Transfer Letter Date. Issued by: Name of the person who has issued the transfer. Department: Department of the person. Transfer from: From where the transfer has happened. Transfer to: To where the transfer has happened. Department: To which department the transfer has happened. Department: From which the transfer has happened. Location: Location of the transfer. Reporting Location: Reporting Location.

Shipment Details: Shipment Mode: Selects the shipment mode. Date of shipment: Date when the shipment is expected to leave. Container No.: The Container Number. No of Packages: Total Number of packages. Package Type: Selects the Type of the packages. Dimension: The dimension of the Packages Weight: Total weight of the packages. Name of Consignee: The name of the Consignee. Material category: Selects the category of the material. Dispatch from: Location where the shipment is dispatched from. Dispatched to: Location where the shipment is dispatched to. AWB/Bill of Landing: AWB/Bill of Landing. Total amount for insurance: Total amount of insurance. Est Premium: Est premium. Do you have a vehicle under Companies scheme: Selects whether the person has

a vehicle under companies scheme.

HR Department: Authentication By: Name of the person who authenticated the Policy request

from Insurance Department. Authentication Date: Date when the Policy was authenticated by Insurance

Department Remarks: Insurance Department remarks.

Policy status: Total sum insured: Total sum insured. Total premium utilized: Total premium utilized. Balance sum insured: Balance sum insured. Balance Premium: Balance Premium

Corporate Insurance: Premium: Total premium. Total Premium: Actual Value of Total Premium. Authentication By: Name of the person who authenticated the Policy request

from Insurance Department. Authentication Date: Date when the Policy was authenticated by Insurance

Department Remarks: Insurance Department remarks.

Transit Risk Declaration

Overview Of Transit Risk Declaration PolicyThis policy covers all goods in transit. This policy covers all used goods (Goods for repair/Stock transfer) of L&T while in transit from one location to another. All the processes for Transit Risk for Used material are similar except for that the goods in transit here are used materials. Hence no partial damages are covered in this policy.

Basic flow of Transit Risk Declaration PolicyA user logging in the system through “ACCOUNTS” role initiates the Policy request. Then the policy request goes to the “INSURANCE” department. Then “INSURANCE” department verifies the details and submits the policy to the Insurance Company. After the approval of the policy by the insurance company they provide the Policy No and the Policy is finalized..

Menu Structure for Personal Effect Policy:

Policy Search Screen

Functionality of the screen:

The user enters or selects the search criteria and clicks on the “Search Button” to get the corresponding records. After clicking on the Search Button the records based on those criteria are displayed.

Click on the Reference Number Link to see the details of the particular record.

Policy Details Screen

Definition of the different Fields :

Policy Details: Reference No: Unique Reference Number for the record, auto-generated by the

system. Policy No: Policy Number. Policy Reference No. Marine Open policy reference number. Request Date: Date when the Policy was initiated. Insured Address: Address of the Insured person. Policy Start Date: Date on which the policy starts. Policy End Date: Date on which the policy ends. Premium: Select the premium.

Initiator Details: PS No.: Pay Sheet Number of the initiator. Name: Name of the initiator. Department Code: Department of the initiator Location: Location of the insured person.

Transport Details: Orders No: The order number. Invoice No/DNote No: The invoice number or the Declaration Note number. Invoice /DNote Date: The Date of Invoice or Declaration Note. Invoice/DNote Value: The value Invoice or Declaration Note. SAP No: The Sap number. Declaration Note No: The Declaration Note Number. Declaration Note Date: Date of Declaration note  Consignor Name: Name of Consignor Consignee Name: Name of Consignee Consignment Description: the description of Consignment Package Type: the type of package. Reason for Shipment: The reason for shipment. Dispatch From: The place from where good is dispatched. Dispatch To: The place where good is dispatched. Lorry Receipt No: The lorry receipt number. Lorry Receipt Date: The date of Lorry receipt. Transporter Name: the transporter name. Value (Rs.): The value in rupees. Premium (Rs.): The premium in rupees. Freight (Rs.): The Freight in rupees. Total Amount For Insurance     (CIF + 10%): The total amount for insurance.

Policy status: Total sum insured: Total sum insured. Total premium utilized: Total premium utilized. Balance sum insured: Balance sum insured. Balance Premium: Balance Premium.

Corporate Insurance: EST. Prem (Corp. INSC.): The estimated premium. Prem Paid (Ins Comp): The premium paid. Authentication By: Name of the person who authenticated the Policy request

from Insurance Department. Authentication Date: Date when the Policy was authenticated by Insurance

Department Remarks: Insurance Department remarks.

Project Ear Policy

Overview Of Project EAR PolicyThe EAR insurance policy has been designed to cover requirements of turnkey project where the scope of L&T's responsibility includes procurement, manufacture & supply, erection, testing & commissioning (of mechanical, electrical and civil works). EAR usually covers projects carried out on land.

Basic flow of Project EAR PolicyA user logging in the system through “PROJECTS” role initiates the Policy request. Then the policy request goes to the “INSURANCE” department. Then “INSURANCE” department verifies the details and submits the policy to the Insurance Company. After the approval of the policy by the insurance company they provide the Policy No and the Policy is finalized.

Menu Structure for Project EAR Policy:

Policy Search Screen

Functionality of the screen:

The user enters or selects the search criteria and clicks on the “Search Button” to get the corresponding records. After clicking on the Search Button the records based on those criteria are displayed.

Policy Details Screen

Definition of the different Fields :

Policy Details: Reference No: Unique Reference Number for the record, auto-generated by the

system. Insurance Company: Name of the Insurance Company. PS No: Pay Sheet Number of the initiator. Name: Name of the initiator. Request Date: Date when the Policy was initiated. Department Code: Department of the initiator. Insured Address: Address of the Insured person. Location: Location of the insured person. Policy No: Policy Number. Policy Start Date: Date on which the policy starts. Policy End Date: Date on which the policy ends. Premium: Select the premium.

Project Details:

Project Code: The code given to the project. Project Name: The project name. Name of the principal trade or business: The name of the principal trade or

business. Address of the principal trade or business: The address of the principal trade or

business. Name of the contractor trade or business: The name of the contractor trade or

business.

Address of the contractor trade or business: The address of the contractor trade or business.

Name of the sub-contractor if any, trade business: The name of the sub contractor trade or business if involved.

Address of the sub-contractor if any, trade business: The address of the sub contractor trade or business if involved.

Whose interests are to be insured: Select whose interest is to be insured. Full description of the plant and machinery to be erected, including capacity:

Enter the description of the plant and the machinery along with the capacity to be erected.

Is this contract/sub-contract forming part of an overall erection project of Value exceeding Rs. 5 crores: Select whether the contractor or the sub contractor forms part of n overall erection project of value exceeding 5 crores.

If yes give name of the project: Enter the name of the project if the above condition is true.

Have the plans, designs, and material been already tested in any previous erection: Select whether the plans, designs and material have already been tested in any previous erection.

Is the installation or part thereof built for the first time: Select whether the installation or part built for the first time.

Are you the manufacturer, importer, buyer, or contractor of the installation: Select whether the user is manufacturer, importer, buyer, or contractor of the installation.

Is the property brand new or second hand: Select whether the property is new or second hand

Will the erection be carried out by your own personnel: Select whether the user’s personnel will carry out the erection.

If No, then by whom: Enter by whom the erection will be carried out in case the user’s personnel do not carry it.

Past Experience of the erectors: Enter the erector’s past experience Will any of the sub-contractors be taking part in the work erection What is their position as regards to insurance: Enter the position with respect to

insurance. Location of the site: Enter the location of the site. Nearest post and railway station with distance: enter the distance and name of the

nearest post or railway station. Are there any special risks of flood, fire or explosion involved: Select whether

any special risks of flood, fire or explosion are involved. Distance from nearest river or sea: Enter the distance from the nearest river or

sea. Elevation of erection site above Normal River or sea bed: Enter the elevation of

erection site above normal sea or sea bed. Is there any record of the erection site ever having been submerged during

floods: Select whether there is any record of the erection site having been submerged during floods

Brief description of arrangements in Open or Closed Premises: Enter brief description of arrangements in Open or Closed Premises.

Will there be a watchman on duty round the clock: Select whether there will be a watchman on duty round the clock.

Probable/Actual date of first shipment or dispatch: Enter probable/actual date of first shipment or dispatch.

Expected/Actual date of first arrival at site: Enter expected/actual date of first arrival at site.

Expected/Actual date of last arrival at site: Enter expected/actual date of last arrival at site.

Probable/Actual date of commencement of erection of plant and machinery: Enter probable/actual date of commencement of erection of plant and machinery.

Probable date on which erection of plant and machinery is expected to be completed finally: Enter probable date on which erection of plant and machinery is expected to be completed finally.

Completely erected value: Enter completely erected value. Project Type: Select project type. For any one accident: Enter third party liabilities for any one accident. For all accidents during the period: Enter third party liabilities for all accidents

during the period. Have you approached any other Insurance Company for Insurance cover

in respect of this Proposal: Select whether the user has approached any other Insurance Company for Insurance cover in respect of this Proposal

If yes, please state name of the Insurance Company: Enter the name of the Insurance Company in case the above is true.

Declined: Select whether any such proposal has been declined. Withdrawn: Select whether any such proposal has been withdrawn. Accepted subject to an increased rate or special conditions: Select whether any

such proposal has been accepted subject to an increased rate or special conditions

Corporate Insurance Department:

This section will be visible only to Corporate Insurance department during “ADD” and “EDIT”, however it will be visible ‘PROJECTS” role in view mode.

Sharing pattern: Sharing of Insurance premium among different Insurance Companies

CD or BG Account: Selects whether Cash Deposit (CD) or Bank Guarantee (BG) Account is to be used.

Account No.: Account number corresponding to type of account chosen. Authentication By: Name of the person who authenticated the Policy request

from Insurance Department. Authentication Date: Date when the Policy was authenticated by Insurance

Department Remarks: Insurance Department remarks. Installment Details: Select the installment details.

Estimated Premium: Premium rate: The premium rate for the policy. Premium Amount: Estimated Premium Amount. SPL. Discount: Special discount (if any). Net Premium: Estimated Value of the Net Premium. Stamp fee: Stamp Fee (If any). Service Tax: Service Tax (If Any). Total Premium: Total Estimated Premium.

Actual Premium: Total Premium: Estimated Value of Total Premium. Premium Amount: Actual Premium Amount. SPL Discount: Actual Special discount (if any). Net Premium: Actual Value of the Net Premium. Stamp fee: Stamp Fee (If any). Service Tax: Service Tax (If Any). Total Premium: Actual Value of Total Premium. Authentication By: Name of the person who authenticated the Policy request

from Insurance Department. Authentication Date: Date when the Policy was authenticated by Insurance

Department Remarks: Insurance Department remarks.

Project BAR Policy

Overview Of Project BAR PolicyBAR policies are taken for projects carried out by L&T at offshore (sea).

Basic flow of Project BAR PolicyA user logging in the system through “PROJECTS” role initiates the Policy request. Then the policy request goes to the “INSURANCE” department. Then “INSURANCE” department verifies the details and submits the policy to the Insurance Company. After the approval of the policy by the insurance company they provide the Policy No and the Policy is finalized.

Menu Structure for Project BAR Policy:

Policy Search Screen

Functionality of the screen:

The user enters or selects the search criteria and clicks on the “Search Button” to get the corresponding records. After clicking on the Search Button the records based on those criteria are displayed.

Policy Details Screen

Definition of the different Fields :

Policy Details: Reference No: Unique Reference Number for the record, auto-generated by the

system. Sharing pattern: Sharing of Insurance premium among different Insurance

Companies Insurance Company: Name of the Insurance Company. Request Date: Date when the Policy was initiated. Address: Address of the Insured person. Policy No: Policy Number. Policy Start Date: Date on which the policy starts. Policy End Date: Date on which the policy ends. Premium: Select the premium. PS No: Pay Sheet Number of the initiator. Name: Name of the initiator. User Dept: Department of the initiator. CD or BG Account: Selects whether Cash Deposit (CD) or Bank Guarantee (BG)

Account is to be used. Account No.: Account number corresponding to type of account chosen.

Project Details:

Name of the Project: Enter the project name. Location of the Project: Enter the location of the project. Values: Enter the values. Lift Weight: Enter the lift weight. Total Period + Maintenance period if any Supported by a BAR chart a timetable

for onshore fabrication, load-out & tie Down, Transportation, installation, topside modification, hook up, testing & pre-commissioning and commissioning: Enter the total period.

Principal insured (Operator and co-ventures, if any), and their percentage interest: Enter the principal parties to be insured along with the percentage interest.

Co-insured: Enter the co-insured parties. Workers Compensation: Enter the workers compensation.  Motor vehicle Third Party and Passenger liability: Enter insurance required for

motor vehicle Third party and passenger’s liability. Construction Plant & Equipment: Enter insurance required for construction plant

& equipment. Contractors All Risks Insurance: Enter contractors all risks insurance. Marine Insurance on Vessels, Craft or Floating Equipment: Enter marine

insurance on vessels, crafts or floating equipment. General Third Party Risks Insurance: Enter insurance required for general third

party. Coverage requirements should, if possible, be supported by extracts from the

insurance and responsibilities and indemnities clauses of the construction

contract: Enter coverage requirements supported by extracts from insurance & responsibilities and indemnities clauses of construction contract.

Will drilling or production operations be carried out on any structure during the period of the contract that is before final handover? If so give full details and period involved: Enter whether any drilling or production operations will be carried out on any structure during the period of the contract that is before final handover and give details.

Whether built of steel or concrete and purpose e.g. drilling/production, processing, living quarters: Enter whether built of steel or concrete and purpose e.g. drilling/production, processing, living quarters

Dimensions with drawings, if available: Enter dimensions with drawings Values and Costs: Enter values and costs. Periods: Enter period. Load out method: Enter load out method. Methods and type of craft or conveyance (towing and carrying units) used

for jacket, piles and modules: Enter methods and type of craft or conveyance (towing and carrying units) used for jacket, piles and modules

Method-brief details of operations after arrival at offshore site: Enter method-brief details of operations after arrival at offshore site

Drawings of each major part of the project accompanied by a site plan should be provided, if possible: Enter drawings of each major part of the project accompanied by a site plan should be provided

Are there any unusual hazards which may be encountered at any stage of the project or at any location: Enter if there are there any unusual hazards which may be encountered at any stage of the project or at any location

Any information regarding steps taken to minimize losses etc: Enter information regarding steps taken to minimize losses

Principal: Enter past record of principal Contractors: Enter past record of contractors Details of heavy lifting equipment and anticipated maximum loads: Enter details

of heavy lifting equipment and anticipated maximum loads Sea bed data: Enter sea bed data Is the location subject to earthquake or windstorm risks, and if subject to

windstorm at which time(s) of year: Enter whether the location is subject to earthquake or windstorm risks, and if subject to windstorm at which time(s) of year

Will the platform be built under supervision of a classification society? If so which: Enter whether platform will be built under supervision of a classification society and its name.

Estimated daily hire cost of special vessel (e.g. crane barges, piling barges): Enter the estimated daily hire cost of special vessel.

Is any contractors equipment to be insured under this policy: Enter whether any contractors equipment is to be insured under this policy

Description and individual value of such equipment: Enter description and individual value of such equipment

If any condition survey will be made on equipment before acceptance or risk: Enter whether any condition survey will be made on equipment before acceptance or risk.

Details of any third party equipment for which assured accepts liability under a care, custody and control agreement: Enter details of any third party equipment for which assured accepts liability under a care, custody and control agreement

Limit of liability: Enter limit of liability Limit of indemnity required: Enter limit of indemnity required Personnel loss or injury: Enter personnel loss or injury Provide details of contractual liabilities including any special indemnity clauses

or 'hold harmless' undertakings that have been given: Enter details of contractual liabilities including any special indemnity clauses or 'hold harmless' undertakings that have been given

Provide details of any third party property (platforms, pipelines, vessels equipment etc.) within the contract area including distance from works: Enter details of any third party property (platforms, pipelines, vessels equipment etc.) within the contract area including distance from works.

What exposure if any there to third party persons: Enter the exposure to third party persons.

Will third party liabilities of the above be required to be included? If so, will this program have the benefits of any separate third party liability cover taken out by contractors and / or sub-contractors if so, provide details with limits involved: Enter whether third party liabilities of the above will be required to be included and whether this program will have the benefits of any separate third party liability cover taken out by contractors and / or sub-contractors and its details.

Provide any further information considered relevant to third party exposures not included in terms 1.5 above.: Enter further information considered relevant to third party exposures not included in terms 1.5

Project Synopsis: Select whether Project Synopsis is enclosed. Values: Select whether Values is enclosed. Weight Control Report: Select whether Weight Control Report is enclosed. Project Schedule: Select whether Project Schedule is enclosed. Field & Equipment layout: Select whether Field & Equipment layout is enclosed.

Corporate Insurance Department:

This section will be visible only to Corporate Insurance department during “ADD” and “EDIT.

Authentication By: Name of the person who authenticated the Policy request from Insurance Department.

Authentication Date: Date when the Policy was authenticated by Insurance Department

Remarks: Insurance Department remarks.

Sum Insured Details

Description: Enter the description. Currency: Enter the currency. Sum insured in foreign currency: Enter the sum insured in foreign currency. Prevailing exchange rate: Enter the prevailing exchange rate. Sum Insured (INR): The sum insured in Indian Rupees is calculated. Total (INR): The total sum insured is calculated in Indian rupees.

Premium Details

Currency: Enter the currency. Premium in foreign currency: Enter the premium in foreign currency. Prevailing exchange rate: Enter the prevailing exchange rate. Premium (INR): The premium in Indian Rupees is calculated.

Estimated Premium: Premium rate: The premium rate for the policy. Premium Amount: Estimated Premium Amount. SPL. Discount: Special discount (if any). Net Premium: Estimated Value of the Net Premium. Stamp fee: Stamp Fee (If any). Service Tax: Service Tax (If Any). Total Premium: Total Estimated Premium.

Actual Premium: Total Premium: Estimated Value of Total Premium. Premium Amount: Actual Premium Amount. SPL Discount: Actual Special discount (if any). Net Premium: Actual Value of the Net Premium. Stamp fee: Stamp Fee (If any). Service Tax: Service Tax (If Any). Total Premium: Actual Value of Total Premium. Authentication By: Name of the person who authenticated the Policy request

from Insurance Department. Authentication Date: Date when the Policy was authenticated by Insurance

Department Remarks: Insurance Department remarks.