(1) Personal Accident Insurance

If at any time during the currency of the Policy, the insured dies or sustains any bodily injury resulting solely and directly from accident caused by external, violent and visible means, the Personal Accident Policy would indemnify the victim/legal heirs of the deceased.

The insurance provides compensation in the event of death or disability as a direct result of accident based upon the sum assured, nature of disablement/injury, etc.

Different coverages are available ranging from a restricted cover of Death only, to a comprehensive cover covering Death, Permanent Disablements and Temporary Total Disablements. In addition to that that the cover can also be extended to include Medical Expenses due to accident and Expenses of Repatriation of mortal remains following accidental death for a specified limit.

This policy is basically designed to offer compensation to the insured person who dies or sustains bodily injury solely as a result of an accident which is external, violent and visible. Hence death or injury due to any illness or disease is not covered by the policy.

The policy operates worldwide and is a 24 hours cover, subject to specified exclusions in the Policy.

(2) Neon Sign Insurance

This Policy covers Loss or Damage to the Neon Sign installation or any part thereof described in the Policy whilst situated at the specified location by Fire, Lightning, Explosion, Aircraft, Riot, Strikes, Malicious Damage, Storm, Tempest, Flood, Earthquake, Impact and Bursting /Overflowing of water tanks, apparatus and/or pipes, subject to specified exclusions in the Policy.

(3) Plate Glass Insurance

This insurance is intended to cover fixed plate glass against accidental breakage due to any cause not otherwise excluded in the Policy.

The Company’s Liability is to replace the broken glass with glass of similar quality or at its option pay to the Insured the value of the glass broken at the price current at the date of the breakage, subject to adequacy of sum insured.

The insurance cannot be extended for glass which is not fixed, i.e. which might be loose or movable in the premises.

(4) Money Insurance

The policy is designed to protect against loss of money:

Whilst on the premises

- in locked Counters/Drawers/Cash Registers/Tills/Cabinets during business hours;

- in a locked Safe;

Whilst in transit

During the course of transit between specified locations on direct trips by authorized employees.

(5) Fidelity Guarantee Insurance

The desire for wealth can change the attitude of human beings. It induces malicious intention in any person and it cannot be judged by their behavior.

When huge sums of money are being handled by employees, there is always a risk of it being misappropriated or embezzled. Business can suffer huge losses by this kind of infidelity risks

The policy covers the employer in respect of any direct financial loss sustained as a result of fraud and dishonesty of his employees who are named in the Policy and committed by them in the course of their employment for their financial gain.

The Fidelity Guarantee Policy is recommended not only in respect of employees dealing with Cash/Accounts such as Finance Managers, Cashiers, Accountants, etc. but also those who are responsible for stocks such as Salesmen, Storekeepers, etc.

Should your business or personal requirements need other insurance coverages, we are always open to offer appropriate tailor-made products to you.

(6) Credit Insurance

If the customer to whom goods are supplied on credit fails to discharge their debt, many businesses may end up in bankruptcy. The ideal solution for such an eventuality is to go for credit insurance whereby the insurance company undertakes to pay the creditor the amount of the outstanding debt in case of the failure of the debtor to repay the debts.


2015 Al Sagr National Insurance Company Terms and Conditions



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