Premium Calculator


To protect your property from loss occurrence arising from fire and lightning, it is important that we insure our properties. Fire Insurance protects businesses and homeowners against unexpected losses of real and personal property due to fire or lightning. Owner, Joint Owner, Spouse of Owner, Mortgagee and Mortgager of the property are entitled to purchase this policy.
At AMI, we provide a comprehensive coverage for your property including stocks, equipments and furnitures.


  • Total Loss
    • The insured can obtain compensation up to the amount of sum insured for total losses of or damage to the insured property.
  • Partial Loss
    • Compensation up to the actual value of the property destroyed by fire or insured perils will be paid to the insured.

Insured Period

  • The term of the policy will be from 10 days to 1 year and can be renewed on a yearly basic


  • Total sum insured may depend on the building class and current market value of the property
  • Fire insurance provides coverage for the following assets based on (a) agreed value or (b) market value of the property
    • Building
    • Stocks & other contents
    • Machinery equipment
    • On stock-in-trade
    • Household goods & furnitures
  • The following losses of property are covered under Standard Fire Policy:
    • Loss of or damage to the property directly caused by water or other extinguishing agent.
    • Damage to the property during the removal of property from the burning building.
    • Damage to the property due to the demolition by the firefighters in order to deter the spread of fire.
  • Customer can also buy additional covers by paying additional premium


  • Any person who owns a property or who has a legal obligation over safety of a property can buy the coverage


  • The premium amount may vary depending on building class, occupation of building, surrounding of the building and total sum insured.
  • Premium amount will be around 0.28% to 3.6% on total sum insured and must be paid by lump sum payment yearly

No Claim Bonus

  • A No-Claim-Bonus is a discount on the insurance premium as a bonus for not having made a claim against one’s policy.
Policy Year Premium Amount
1st Year No Bonus
2nd Year 25% of Basic Premium
Subsequent Years 25% of Basic Premium

Application Process


Visit Us On Google Plus
Visit Us On Youtube
Visit Us On Facebook
Download IOS Mobile Application
Download Android Application