National Insurance Company Limited, Guwahati Regional Office
Operational Guidelines for
Central Comprehensive Insurance Scheme, 1997 (CCIS, 97)

1.0     Introduction:

Government of India had announced in 1997 a Scheme for reimbursement of     Fire & Allied Insurance Premium for the new Industrial units to be set up in North Eastern Region vide Notification No.17/1/98-DBA-I dt.14.7.1999 and this was published in the Gazette of India, Extraordinary Part-I, Section-I.  

The Scheme, Eligibility and Procedure for claiming reimbursement etc. of the said scheme is given below:

2.0              Commencement & Duration of the Scheme:  

It will come into effect from 24.12.1997 and remain in force for 10 years.  

3.0              Applicability:  

The Scheme is applicable to New Industrial Units set up in the North Eastern Region after 24^th December, 1997 .  

4.0              Definition of Industrial Unit:  

Any Industry which is included in fire Policy “C” as per the All India Fire Tariffs, except Refinery & Petrochemicals Plants.  

5.0              Fixation of Sum Insured:  

The reimbursement of premium will be granted against Sum Insured on Market Value Basis.  

6.0     Mode of Operation:  

The Insured party shall pay the initial premium which shall be reimbursed by the nodal insurance company (National Insurance Company Limited) out of the revolving fund maintained by them.  

7.0     New Industrial Units:  

The New Industrial Unit means an industrial unit for the setting up of which effective steps were not taken prior to 24^th December 1997 . For this purpose “Effective Steps” means one or more of the following steps.

1. that 10% or more of the capital issued for the Industrial unit has been paid up

2. that any part of the factory building has been constructed.

3. that a firm order has been placed for any plant and machinery required for the industrial units

8.0              Limit of Fire Policy Covers included for reimbursement under CCIS, 97:

1. Fire.

2. Lightning.

3. Explosion/Implosion.

4. Riot, Strike, Malicious, and Terror Damage.

5. Impact by Rail/Road Vehicle or animal.

6. Aircraft and other aerial/space devices.

7. Storm, Cyclone, Typhoon, Tempest, Hurricane

8. Tornada, Flood and Inundation.

9. Subsidence and landslide/ Rockslide, and Earthquake (Fire & Shock).

Procedure for Claiming Reimbursement of Fire Insurance Premium:  

9.0     Registration Procedure:  

9.1             Industrial Units that falls within the purview of the Scheme shall apply in Form A 1 for registration under CCIS directly to the General Manager, District Industries & Commerce Centre of the District.

9.2             All particulars in the application form and required documents should be submitted by the unit, incomplete application form should not be accepted by the Registering Authority.

9.3             After receiving the application form alongwith the necessary documents, the particulars shall be verified through the officials of the DI & CC.

9.4             The Registration shall be granted to the industrial unit within 15 days from the date of submission of the application.

9.5             General Manager, District Industries & Commerce Centre shall be the competent authority to issue registration under CCIS, 97 on behalf of the Director of Industries & Commerce (DIC).

9.6             The applicant shall furnish additional in formations if desired by the DI & CC or DIC.

9.7             The General Manager, DI & CC, shall communicate the CCIS Registration to the Unit vide Form A 2. Moreover, a certified copy of the Application Form duly verified by DI & CC should be forwarded to the nodal insurance company:

Regional Manager, National Insurance Co. Ltd.
Guwahati Regional Office, G.S. Road ,
Bhangagarh, Guwahati – 781005, Assam .

10.0    Procedure for Claiming Reimbursement of Premium:  

10.1          After Registration the Unit shall submit their claims in prescribed Form: B 1 alongwith the necessary particulars/documents as per Forms:a2,B2,B3 & B4, and Fire Policy with Schedule of Insurance.

10.2          All the claims will be scrutinised by the nodal insurance company for settlement and on merit of each claim, and if eligible arrange for necessary payment subject to availability of fund.  

10.3          Designated Agency for reimbursement of premium:

Designated Insurance Company Limited is designated as the nodal insurance Company for reimbursement of premium out of the revolving fund maintained by them. All the applications for claims should be submitted with the:  

Regional Manager, National Insurance Co. Ltd.
Guwahati Regional Office, G.S. Road ,|
Bhangagarh, Guwahati – 781005, Assam ,
Phone:529252,529553, 454925, 452036, 451016,
Fax : (0361) 529474.