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Insurance by Group Housing Societies

Office of The
Registrar Cooperative Societies [Delhi Admn.]
Old Court's Building, Parliament Street,
New Delhi - 110 001 

F.No. PA/RCS/ Dated:16.7.1985

Sub: Directive under Rule 77 of Delhi Cooperative Societies Rules, 1973 for compulsory General Insurance of the Building.

National Coop. Housing Federation of India Ltd. has finalised a Master Policy with United India Insurance Company Ltd. for purposes of insuring buildings of Cooperative Housing Societies all over India. 

This Master Policy covers the following Ten Risks:

1. Fire

2. Earth Quake

3. Riot

4. Strike

5. Malicious Damage

6. Aircraft Damage

7. Flood & Storm

8. Burglary/Housing breaking cover for fixtures like fans and sanitary fittings on a flat basis of Rs. 2,000/- per flat/house.

9. Third Party liability for a sum of Rs. 5,000/-per house/flat.

10.Domestic Servant liability one for each house/flat.

Taking into account the overall advantages and economy of the Master Policy, I SANAT KAUL, Registrar Cooperative Societies Delhi, in exercise of the powers conferred under Rule 77 of Delhi Cooperative Societies Rules, 1973 hereby direct that all Cooperative Group Housing Societies registered in Delhi, which have completed their construction to get their buildings insured against the above mentioned risks through National Cooperative Housing Federation of India Ltd., M­5, Magnum House-I, Karampura Community Centre, New Delhi-i 10 015. (Phone 544-0037).

Sd/­
(Sanat Kaul)
Registrar
Cooperative Societies, Delhi Admn.

Last Updated Date :- 21-06-2018

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  • Page last updated on: 21-10-2021