the insurer's premium SME commercial fire for ₹5–₹50 crore enterprises — 12 optional covers including the trilogy-exclusive Contingent BI / Supply Chain BI. Business Interruption 12–36 months. Machinery Breakdown. Accidental Damage P&M. 5% excess (min ₹10,000). Pucca only. SI Restoration. New for Old. Pharma plants, hotels, hospitals, IT companies, cold chains.
the insurer Plus Trilogy Finalé· SME ₹5–₹50 Crore· 12 Optional Covers· Contingent BI Exclusive
The Bharat Laghu Udyam Suraksha Plus Policy (BLUS+) is the third and final product in the the insurer Plus trilogy — the insurer's enhanced SME commercial fire insurance for enterprises with total insurable assets between ₹5 crore and ₹50 crore. Built on the same base as IRDAI-standardised BLUS with 12 optional covers, including the trilogy-exclusive Contingent BI / Supply Chain BI (Cover XI) that does not exist at BSUS+ scale.
BLUS+ is designed for India's true SME sector — where the financial stakes of a fire, flood, or supply chain disruption run into crores, and where Business Interruption is not a financial comfort but a company survival tool.
Unlike the standard Bharat Laghu Udyam Suraksha Policy where terrorism is a mandatory in-built peril at no extra premium, BLUS+ treats terrorism as Optional Cover I at additional premium.
At SME scale — hotels, hospitals, pharma plants, IT parks — the financial exposure from terrorism runs into crores. If your business is in a high-footfall urban zone, near public infrastructure, or in an area with elevated terrorism risk: SELECT OPTIONAL COVER I when buying BLUS+. If upgrading from standard BLUS, terrorism is NOT in-built. Confirm on 022 4302 0000.
12 optional covers at additional premium — the same count as BSUS+ but at exponentially higher financial stakes. Cover XI (Contingent BI / Supply Chain BI) is available only at BLUS+ scale and is the most sophisticated commercial fire cover in the the insurer portfolio.
Your building is fine but your supplier's flood stops your production. Supply chain BI not available in BSUS+
Cover XI — BLUS+ ExclusivePharma plant 8 months = ₹24Cr loss. Hotel 12 months = ₹5Cr. BI at BLUS scale is existential, not optional
Cover V — 12–36 MonthsMRI (₹3Cr), centrifuge (₹2Cr), HVAC chiller (₹1.5Cr) — complex machines, catastrophic failure costs
Cover VI — Enterprise ScaleCrane drops ₹5Cr reactor vessel. Forklift rams ₹2Cr CNC centre. Neither fire nor breakdown — pure accident
Cover VIII — Gap FillerHotel fire injures 50 guests. Hospital evacuation injuries. Pharma explosion claims. SME-scale exposure
Cover XII — Crore-Scale LiabilityAfter every claim, SI auto-restored. 5% excess = ₹50L on ₹10Cr claim. Plan both carefully.
BLUS Operational FeaturesAPI plants, formulation units — high BI + machinery risk
Mid-scale hotels, resorts — flood, fire, guest liability
Medical equipment, patient safety — MRI breakdown risk
Server farms, data centres — utilities BI exposure
Large retail — high stock value, public liability
Refrigeration-heavy, supply chain dependent
School, college, university campus buildings
Textile, food processing, engineering workshops
8 Enhanced Automatic Benefits — Carried Forward from BLUS
All 8 BLUS in-built covers — which are already enhanced versus BSUS (Start-Up ₹5L vs ₹1L; Professional Fees 5% of claim vs within SI) — are retained automatically in BLUS+ at no extra premium. The 12 optional covers are additions ON TOP of this foundation.
The two key BLUS enhancements vs BSUS: Start-Up Expenses ₹5,00,000 (5× BSUS's ₹1L — pharma re-certification, hotel relaunch, hospital equipment re-testing are expensive) and Professional Fees 5% of claim amount (BSUS includes professional fees only within SI; at BLUS+ scale, 5% of a ₹10Cr claim = ₹50L in professional fees). All 8 in-builts carry forward to BLUS+ automatically and free.
New plant, machinery, buildings, or contents acquired during the policy period automatically covered. Notify insurer within 7 days of acquisition.
Up to 15% of relevant SI (excl. stocks)Stock at multiple named locations covered under a single floater Sum Insured — one policy covering pharma finished goods at factory + warehouse + transit hub.
Floating across named locationsStocks sent to a sub-contractor for job work, fabrication, or processing automatically covered during transit and processing at third-party premises.
Up to 10% of Stock SIMoney ₹50,000· Business deeds/books ₹50,000· Computer programmes & data ₹5,00,000· Employees'/Directors'/Visitors' effects ₹15,000 per person (max 20 persons = ₹3L max)
Computer Data ₹5L + Employee Effects ₹3L maxCosts of restarting the SME after a covered loss — pharma re-certification, FSSAI re-licensing, hospital equipment re-testing, hotel soft launch. High SME restart costs justified this enhanced limit.
₹5,00,000 per year (vs BSUS ₹1L)Architects, surveyors, and consulting engineers for damage assessment and reinstatement. At BLUS+ scale, 5% of a ₹10Cr claim = ₹50L in professional fees — quantified separately.
5% of Claim Amount (vs BSUS within-SI)Costs of removing debris, shoring up, propping, or dismantling damaged building and machinery after an insured event. Large factory fires generate substantial debris costs.
2% of Claim AmountAdditional costs solely to comply with updated municipal regulations or building codes at time of reinstatement — fire safety upgrades, structural standards, accessibility compliance.
Included within SIBuild Your SME Commercial Protection Package
Click each cover card to toggle on or off. Cover V (BI) is marked ⭐ as most critical. Cover XI (Contingent BI) is gold-bordered as the 👑 BLUS+ Exclusive cover not available in BSUS+. Your package syncs with the Get Quote form.
Optional Cover XI covers your income loss even when YOUR business premises is UNDAMAGED — because damage at a supplier's, customer's, or utility's premises disrupts your operations.
This cover does NOT exist at BSUS+ scale — micro-enterprises can source flour from multiple suppliers. BLUS+ SMEs are deeply supply-chain-dependent: a pharma plant has 2–3 approved API suppliers; losing one stops production. Exclusive to BLUS+.
Choose 12–36 months indemnity period. Rebuilding a pharma plant takes 18–24 months; a hotel 12+ months. Budget for BI accordingly — this is the cover that determines whether the business reopens after a major loss.
Call 022 4302 0000 for a personalised cover recommendation based on your supply chain dependencies and business continuity needs.
The Two Key Operational Realities of BLUS+
At ₹5–₹50 crore scale, the 5% excess and SI Restoration are not paperwork formalities — they are multi-crore financial decisions. Plan for both before you buy and before you claim.
Plan for this. BLUS+ SMEs should maintain adequate cash reserves or credit facilities to absorb the first-loss excess while the claim is assessed. For large claims, discuss interim payments with Probitas on 022 4302 0000.
After BLUS+ pays any claim, the Sum Insured is automatically restored to the full original amount. The insured pays proportionate premium for the unexpired policy period from the loss date.
Decision must be made IMMEDIATELY after loss: The insured may opt NOT to restore SI — in which case the policy SI is permanently reduced by the claim amount.
Example: SI ₹25 crore. Fire claim ₹8 crore paid. Without restoration: remaining SI = ₹17Cr (a ₹17Cr asset exposed on ₹17Cr SI only). With restoration (pay proportionate premium): SI = ₹25Cr restored — full protection maintained.
At ₹5–₹50Cr scale, this is a multi-crore financial decision. Call 022 4302 0000 immediately after any loss to discuss restoration.
BLUS+ is available ONLY for Pucca construction. Select your construction type:
Standard Base Coverage
BLUS+ covers the same SME commercial fire base as standard BLUS — building, plant and machinery, stocks, furniture, fixtures and fittings. Same 19 base perils. Terrorism is Optional Cover I.
At SME scale (₹5–₹50Cr assets), terrorism exposure for hotels, hospitals, IT parks, and pharma plants is material and real. Add Optional Cover I at additional premium when purchasing BLUS+.
Standalone burglary/break-in is not covered under BLUS+. Theft is covered ONLY when it occurs within 7 days of one of the 19 insured events. For standalone burglary, a separate Burglary Insurance Policy is required.
BLUS+ is available only for Pucca construction: RCC, brick/stone masonry, steel, pre-engineered steel, pre-cast concrete. Kutcha construction (wood, thatch, bamboo, canvas, tarpaulin) is excluded from BLUS and BLUS+. At ₹5–₹50Cr asset value, business premises must be permanent Pucca structures.
Full Feature Comparison
| Feature | 🏭 BLUS — Standard (IRDAI Mandated) | 🏭✨ BLUS+ — This Product (the insurer Enhanced) |
|---|---|---|
| Product type | IRDAI mandated — all insurers must offer | the insurer's own enhanced SME commercial fire |
| Terrorism | IN-BUILT ✔ (no extra premium) | OPTIONAL — Cover I (extra premium) |
| 8 In-built covers | Enhanced auto ✔ (Start-Up ₹5L, Prof 5%) | Retained enhanced auto ✔ (same) |
| Optional covers available | Standard add-ons (BI, breakdown, stock) | 12 OPTIONAL COVERS MENU |
| Contingent BI / Supply Chain BI | NOT available | 👑 Cover XI ✔ — BLUS+ Exclusive |
| Business Interruption | Standard add-on | Cover V ✔ ⭐ (12–36 months) |
| Accidental Damage to P&M | NOT available | Cover VIII ✔ |
| Machinery Breakdown | Standard add-on | Cover VI ✔ |
| Third-Party Liability | Not standard | Cover XII ✔ |
| Electrical Clause | Not standard | Cover X ✔ |
| Transit Risk | Available as add-on | Cover IX ✔ |
| Stock Declaration | Standard add-on | Cover VII ✔ (enhanced) |
| Value at risk limit | ₹5 Cr – ₹50 Cr at one location | ₹5 Cr – ₹50 Cr (SAME — not a tier change) |
| Compulsory excess | 5% of claim / min ₹10,000 | 5% of claim / min ₹10,000 (SAME) |
| Underinsurance waiver | 85% threshold | 85% threshold (SAME) |
| New for Old reinstatement | Yes ✔ | Yes ✔ (SAME) |
| SI Restoration | Auto-restored ✔ | Auto-restored ✔ (SAME) |
| Pucca construction | Required (Kutcha excluded) | Required (SAME) |
Call 022 4302 0000 — our SME commercial insurance specialist will map your supply chain dependencies, BI indemnity period needs, and machinery risk to the right BLUS+ package.
Four Covers That Define BLUS+ at SME Scale
At ₹5–₹50Cr scale, each of these covers can be the difference between business survival and permanent closure after a major loss. Cover XI is available nowhere else in the the insurer Plus portfolio.
At BSUS+ scale, a bakery shut for 3 months loses ₹7.5L — painful but survivable. At BLUS+ scale:
A pharma plant shut for 8 months loses ₹24Cr gross profit — existential. Rebuilding takes 18–24 months; choose an indemnity period that covers the full rebuild, not just the first phase.
A hotel closed for 12 months: ₹5Cr revenue + reputation damage + staff attrition + loyalty programme erosion + referring agent defection.
A hospital ICU offline for 3 months: ₹2Cr in lost procedures + referring doctor loyalty loss + potential accreditation risk.
Choose 12–36 month indemnity period at inception. Provide P&L accounts, monthly revenue records, and fixed cost breakdown when filing BI claims. For claims above ₹10Cr, appoint an independent Loss Assessor.
Standard BI (Cover V) pays when YOUR premises is damaged. Contingent BI (Cover XI) pays when YOUR premises is completely undamaged — but damage elsewhere stops you from operating.
Supplier BI: Your API supplier's Gujarat factory floods. Your approved vendor list has 2 suppliers — the other can't supply your full requirement. Production halts for 4 months. YOUR plant is fine. YOUR gross profit loss: covered.
Customer BI: Your biggest customer's factory burns. They cancel 6 months of orders. Revenue drops 40%. YOUR plant is fine. YOUR gross profit shortfall: covered.
Utilities BI: Electricity substation supplying your industrial park is physically damaged by lightning. 31-day power outage. Your servers, production lines, cold rooms cannot operate. YOUR building: fine. YOUR revenue loss: covered.
This is why Contingent BI exists only at BLUS+ scale. Micro-enterprises can source flour from multiple suppliers. A pharma plant with 2 approved API vendors cannot.
Standard BLUS/BLUS+ covers your ₹3Cr MRI machine if fire destroys it. But what about a purely mechanical failure — the MRI's gradient coil fails from internal electrical fault? No fire. No flood. Just a machine breakdown.
At BLUS+ scale, machines are more complex and each failure event can cost crores:
Pharma: API reactor failure (₹1–₹3Cr), centrifuge breakdown (₹50L–₹2Cr), freeze dryer (₹1Cr+)
Hotels: industrial HVAC chiller failure (₹1–₹2Cr), elevator breakdown, kitchen equipment
Hospitals: MRI machine (₹3–₹5Cr), CT scanner, surgical theatre equipment
Manufacturing: CNC machining centres (₹50L–₹5Cr), industrial presses, conveyors
Machinery Breakdown at BLUS+ scale is not optional for machine-dependent businesses — it is near-mandatory. Combine it with Cover V (BI) for extended breakdown shutdowns.
At BSUS+ scale, a shop fire injuring a customer creates ₹1–₹5L liability. At BLUS+ scale:
A 100-bed hospital fire: patient evacuation injuries, delayed surgeries, medical equipment damage in adjacent wards — ₹50L–₹5Cr in compensation and legal costs.
A mid-scale hotel fire injuring 50 guests: medical costs, pain and suffering claims, legal fees, potential criminal prosecution — ₹1–₹10Cr in total liability exposure.
A pharma plant explosion near an industrial estate: damage to adjacent industrial plots, worker injury compensation claims (contract workers), environmental liability — crore-scale claims.
Third-Party Liability at BLUS+ scale covers legal liability to customers, visitors, and neighbouring businesses for bodily injury and property damage arising from an insured event. At SME scale, single liability events can exceed the premium cost of the entire BLUS+ policy by a factor of 50–100x.
Who Can Buy BLUS+ — Eligibility and SI Range
The ₹5–₹50 crore limit applies to each single location. A pharma company with a ₹42Cr plant in Pune and a ₹18Cr warehouse in Mumbai needs two separate BLUS+ policies. Any single location exceeding ₹50Cr → Bharat Vyavsayik Suraksha Policy for that site.
API reactor, clean room, centrifuge, freeze dryer. Contingent BI for API supplier dependency.
Covers V, VI, X, XI70–200 rooms. BI 12M, accidental damage, guest liability, flood-prone Kerala/Mumbai.
Covers V, VIII, XIIMRI (₹3Cr), ICU equipment, patient liability. Utilities BI for power supply dependency.
Covers V, VI, XI, XIIServers, data centre. Utilities BI critical — power outage = complete revenue halt.
Covers V, VI, XIBLUS+ terminates at ₹50 crore per location. If any single location's total insurable assets exceed ₹50Cr at renewal, switch to the Bharat Vyavsayik Suraksha Policy for that site. Call 022 4302 0000 to discuss the transition.
How to File a Claim
5% of claim amount (min ₹10,000) is your first-loss compulsory excess. On a ₹10Cr claim, that is ₹50L you pay before the insurer pays the rest. Maintain cash reserves or a pre-arranged credit line for large claims. Call 022 4302 0000 immediately after any major loss to discuss interim payment arrangements.
BI claims at BLUS+ scale require full financial evidence: audited P&L accounts for the previous 2–3 years, monthly revenue/turnover records, fixed cost schedule (rent, salaries, EMIs, insurance, utilities), bank loan statements. For BI claims above ₹10 crore: appoint a specialist Loss Assessor who works alongside the insurer's surveyor to quantify the gross profit loss.
To claim Cover XI, you must demonstrate: (a) physical damage occurred at the NAMED SUPPLIER'S or CUSTOMER'S premises from an insured peril; (b) causal link between that damage and your business's income loss; (c) the financial quantum of your gross profit loss during the contingent BI period. For utilities disruption: physical damage to the utility supplier's infrastructure must be evidenced. Engage your Loss Assessor early for Cover XI claims.
The decision to restore SI must be made immediately after the occurrence of loss. Opting for restoration: pay proportionate premium for unexpired policy period; SI returns to full original amount. Not opting: SI permanently reduced by claim amount for the rest of the policy year. At ₹5–₹50Cr scale, this is a multi-crore decision. Call 022 4302 0000 before signing any restoration/non-restoration document.
Call 022 4302 0000 immediately. Lodge FIR for fire/riot/terrorism. Revenue Dept. certificate for flood/earthquake. Terrorism (Cover I): GIC Pool process. For Cover XI Contingent BI: note the date the supplier/utility damage is confirmed.
Photograph ALL damage — building, P&M, stocks, FF&E. Do NOT carry out permanent repairs before surveyor inspection. Temporary safety measures (shoring, covering) permitted. Keep all labour/material records for temporary measures.
Prepare full stock inventory at time of loss. Compare against last stock register. Compile all purchase invoices, production records, dispatch records. For Declaration Policy (Cover VII): confirm the current month's declared stock value.
IRDAI-licensed surveyor appointed for all claims above ₹75,000. New for Old assessment for P&M and building. For BI claims (Cover V): additional financial assessment. For Contingent BI (Cover XI): separate investigation of supplier/utility damage. For Machinery Breakdown (Cover VI): technical failure analysis.
Claim Form + Policy + Photos + Surveyor Report + Repair Estimate + Stock Register/Invoices + FIR + Revenue Certificate + Bank Details (NEFT). BI: P&L accounts + revenue records. Contingent BI: evidence of supplier/customer/utility physical damage + financial loss statement. Breakdown: technical failure report.
BLUS+ settles at reinstatement value (New for Old) for building and P&M. 5% excess deducted per claim. SI Restoration decision made immediately. IRDAI TAT: 30 days from complete documents (large/complex claims may take longer — discuss interim payments). BI settled over the indemnity period.
BLUS+ Optional Covers in Action — SME Scale
| Parameter | Pharma Plant Fire + BI + Breakdown (Pune) | Hotel Flood + BI + Accidental Damage (Kerala) | IT Company Utilities BI — Contingent (Bengaluru) |
|---|---|---|---|
| Business | MediCure Pharma Pvt. Ltd., API plant, Chakan, Pune | Malabar Grand Hotel (70 rooms), Kozhikode, Kerala | TechServ Solutions Pvt. Ltd., Electronic City, Bengaluru |
| BLUS+ SI | ₹42 crore total assets | ₹26.5 crore total | ₹11.5 crore |
| Optional Covers | I (Terrorism) + V (BI 12M) + VI (Machinery) + X (Electrical) | V (BI 12M) + VIII (Accidental Damage P&M) + XII (Third-Party Liability) | XI (Contingent BI — Utilities) + VI (Machinery) + V (BI own premises 6M) |
| Event | Event 1: Electrical fire in Production Hall B — 3 API machines (₹8Cr total) destroyed; building ₹1.8Cr damage; plant shut 8 months. Event 2 (6 wks later): centrifuge fails from internal mechanical breakdown | Event 1: Extreme monsoon flood — 20 rooms, kitchen, restaurant, lobby inundated and destroyed. Event 2: Generator accidentally damaged during flood evacuation. Event 3: Guest injured during evacuation | State electricity grid substation physically damaged by lightning strike — TechServ building UNDAMAGED but entire electronic city park loses power for 31 days |
| Physical Damage Claim | P&M: ₹8,00,00,000 (New for Old) Building: ₹1,80,00,000 Electrical (Cover X): ₹80,00,000 | Building: ₹3,50,00,000 FF&E: ₹2,80,00,000 (New for Old) Stocks: ₹45,00,000 Employee effects (IB): ₹1,20,000 | Own damage: NIL (building and equipment undamaged) |
| Optional / In-Built Cover Claims | BI (Cover V): ₹24,00,00,000 (8M × ₹3Cr/month GP) Start-Up (IB): ₹5,00,000 (pharma re-cert) Prof. fees (IB): ₹66,50,000 (5% of claim) Debris (IB): ₹26,60,000 (2% of claim) Event 2 — Machinery Breakdown (Cover VI): ₹90,00,000 | BI (Cover V): ₹6,00,00,000 (12M hotel GP) Acc. Damage (Cover VIII): ₹18,00,000 (generator) Third-Party Liability (Cover XII): ₹4,50,000 (guest injury) | Contingent BI (Cover XI — Utilities): ₹9,04,00,000 (31 days × ₹29L/day revenue — servers, data centres, client systems cannot operate) |
| 5% Excess | Event 1: (₹1,66,25,000) Event 2: (₹4,50,000) | (₹33,75,000) | (₹45,20,000) |
| Total Claim Paid | ~₹34.4Cr (Event 1) + ₹85.5L (Event 2) | ₹12.62Cr + ₹17.1L + ₹4.5L | ₹8,58,80,000 — NO OWN DAMAGE |
| What standard BLUS would have paid | P&M ₹8Cr + Building ₹1.8Cr = ₹9.8Cr (no BI, no electrical, no machinery breakdown cover as structured package) | Building ₹3.5Cr + FF&E ₹2.8Cr + stock ₹45L = ₹6.75Cr (no BI, no accidental damage, no liability) | NIL — no own damage = no claim under standard BLUS; no Contingent BI available |
* Illustrative only. Actual claims subject to policy terms, surveyor assessment, complete documentation, and 5% excess. BI and Contingent BI claims require financial statements. Contingent BI (Cover XI) requires proof of physical damage at supplier/customer/utility premises and causal link to income loss.
Common Questions
Build & Get Your BLUS+ Quote
Fill in your SME details and select optional covers. Our SME commercial insurance specialist will contact you within one working day with a personalised BLUS+ quote including BI indemnity period sizing and Contingent BI assessment.
Select the indemnity period for Cover V (BI). At BLUS+ scale, choose based on realistic rebuild + revenue recovery time:
By submitting, you agree to our Privacy Policy and Terms & Conditions. BLUS+ is the insurer's enhanced SME commercial fire product. SI must be ₹5–₹50Cr at one Pucca-construction location.