Policy snapshot
Standardized fire insurance policies mandated by IRDAI for small (BLUS) and micro (BSUS) enterprises with asset value up to ₹5 crore and ₹50 crore respectively.
What is Bharat Sookshma Udyam Suraksha (BSUS) and Bharath Laghu Udyam Suraksha?
BLUS and BSUS offer easy-to-understand fire protection for MSMEs with the flexibility to add burglary and terrorism cover. Ideal for small warehouses, traders, and retail outlets.
What can it cover?
- These policies protect your building, stock, plant & machinery, and business contents from fire, lightning, explosion, flood, storm, riot, strike, and other specified perils. You can add burglary insurance to cover losses due to theft or forcible entry, and terrorism insurance for protection against politically motivated damage.
Who should consider it?
- Micro, small, and seasonal businesses, Warehouses, shop owners, local manufacturers, Anyone with assets below ₹5 crore (BSUS) or ₹50 crore (BLUS)
Key features to understand
- {"heading": "Key Features", "bullets": ["Covers fire and 12 named perils (e.g., flood, storm, riot)", "Pre-defined wordings and limits for ease of understanding", "Burglary cover can be added as an optional extension", "Terrorism cover available on request", "Quick issuance and simplified documentation"]}
What deserves attention before you buy?
Coverage, exclusions, sub-limits, deductibles, waiting periods, warranties and underwriting can vary between insurers and policy versions. The policy wording and schedule remain the definitive contract. Novo can help you review the relevant terms for your requirement.
Read the wording, not just the brochure
The schedule and policy wording determine the actual contract.
Compare meaningful differences
Look at exclusions, limits, deductibles, conditions and claim requirements—not premium alone.
Think beyond purchase
Servicing and claims-related support can matter as much as placement.