J.B.Boda Group, Maker Bhavan 1, Sir V. Thackersey Marg, Mumbai 400 020
+91 22 66314949 / 66314917

MSME

For any business queries, write to chaitanya.basrur@jbbodamail.com

Synopsis

India has approximately 6.33 Crore MSMEs. MSMEs contribute nearly 30% of the country’s GDP. Uttar Pradesh has a share of 14.20% of the total MSMEs, making it the largest number of states with MSMEs in the country. It is followed by West Bengal which has a share of 14%, which is then followed by Tamil Nadu and Maharashtra at 8%.

Class of Business

MSME setup typically purchase following types of insurance covers:

  • Asset Protection – Fire & Burglary Insurance, Marine Insurance etc.
  • Liability Insurance – Employer’s Liability, Errors & Omissions etc.
  • Employee Benefits – Group Health Insurance etc.

IRDAI has prescribed the following policies for mid-size warehouses/manufacturing w.e.f. 1st April 2021 –

  • Bharat Griha Raksha
  • Bharat Sookshma Udyam Suraksha
  • Bharat Laghu Udyam Suraksha

Contact

For more information kindly write to our broker chaitanya.basrur@jbbodamail.com