Novo Insurance - Professional Insurance Services
APL 2025 Co-Sponsor

Novo Insurance x
Vijayawada Sunrisers

Backing Champions. Securing Futures.

Novo Insurance is proud to support the Vijayawada Sunrisers as a Co-Sponsor in APL 2025. Just as we protect what matters off the field, we stand behind a team that inspires on it.

Our Services

Insurance Types

Discover comprehensive insurance solutions tailored to protect every aspect of your life and business

Specialized Solutions

Insurance Categories

Find the perfect insurance category that matches your specific needs and lifestyle

Complete Protection

Our Insurance Policies

Comprehensive insurance policies crafted to provide complete peace of mind for you and your loved ones

Group Medi Claim (GMC)

Group Medi Claim (GMC)

A health insurance policy that provides medical coverage to a group of employees...

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Group Personal Accident (GPA)

Group Personal Accident (GPA)

An accident policy that offers financial compensation in the event of death, dis...

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Group Term Life Insurance (GTLI)

Group Term Life Insurance (GTLI)

A life insurance policy that pays a lump-sum benefit to an employee’s nominee ...

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Workmen’s Compensation Insurance (WCI)

Workmen’s Compensation Insurance (WCI)

Mandatory insurance that covers legal liability of an employer for injury, disab...

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Bharat Sookshma Udyam Suraksha (BSUS) and Bharath Laghu Udyam Suraksha

Bharat Sookshma Udyam Suraksha (BSUS) and Bharath Laghu Udyam Suraksha

Standardized fire insurance policies mandated by IRDAI for small (BLUS) and micr...

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Standard Fire and Special Perils Policy (SFSP)

Standard Fire and Special Perils Policy (SFSP)

A traditional property insurance policy that covers damage to business assets ca...

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Industrial All Risk (IAR) and Mega Risk Insurance

Industrial All Risk (IAR) and Mega Risk Insurance

All-inclusive insurance plans for large industrial undertakings, combining fire,...

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Office Package Policy

Office Package Policy

A bundled insurance policy covering small and mid-sized office setups against fi...

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Commercial Package Policy / Business Guard

Commercial Package Policy / Business Guard

A modular insurance plan offering comprehensive protection for commercial establ...

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Bharat Griha Raksha Policy

Bharat Griha Raksha Policy

This is a standardized home insurance policy mandated by IRDAI that provides pro...

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Householder’s Package Policy (HPP)

Householder’s Package Policy (HPP)

A comprehensive, customizable insurance policy that protects both the structure ...

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Erection All Risks (EAR) Insurance

Erection All Risks (EAR) Insurance

EAR covers risks associated with the erection, installation, and testing of elec...

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Contractors All Risks (CAR) Insurance

Contractors All Risks (CAR) Insurance

CAR is a comprehensive insurance solution for civil construction projects, cover...

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Marine Cum Erection (MCE) Insurance

Marine Cum Erection (MCE) Insurance

This combined policy covers transit risks (marine inland or overseas) and the su...

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Contractor’s Plant and Machinery (CPM) Insurance

Contractor’s Plant and Machinery (CPM) Insurance

CPM insurance covers heavy construction equipment and machinery used at project ...

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Machinery Breakdown (MBD) Insurance

Machinery Breakdown (MBD) Insurance

This policy provides coverage for sudden and unforeseen physical damage to fixed...

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Boiler and Pressure Plant Insurance

Boiler and Pressure Plant Insurance

This policy provides cover for boilers and pressure vessels against explosion ri...

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Electronic Equipment Insurance (EEI)

Electronic Equipment Insurance (EEI)

EEI covers loss or damage to sensitive electronic devices such as servers, compu...

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Specific Transit Policy

Specific Transit Policy

Also known as a Single Transit Policy, this covers one-time movement of goods fr...

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Open Policy

Open Policy

A formal insurance policy that provides ongoing protection for all shipments wit...

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Sales Turnover Policy (STOP)

Sales Turnover Policy (STOP)

STOP is a marine-cum-storage insurance product that covers all movement and inci...

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Commercial General Liability (CGL)

Commercial General Liability (CGL)

A comprehensive liability policy that protects businesses from third-party claim...

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Product Liability Insurance (PL)

Product Liability Insurance (PL)

This policy covers legal liability arising out of defects in products that cause...

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Product Recall Insurance

Product Recall Insurance

Product Recall Insurance covers the costs incurred by a company when it must rec...

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Professional Indemnity (PI) Insurance

Professional Indemnity (PI) Insurance

Covers professionals against claims arising from errors, omissions, or negligenc...

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Errors & Omissions (E&O) Insurance

Errors & Omissions (E&O) Insurance

A form of professional indemnity designed for service providers and consultants,...

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Directors & Officers (D&O) Liability Insurance

Directors & Officers (D&O) Liability Insurance

Covers directors and officers of a company against personal liability arising fr...

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Cyber Liability Insurance

Cyber Liability Insurance

Protects organisations from financial losses arising from cyber-attacks, data br...

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Crime Insurance (Commercial Crime Policy)

Crime Insurance (Commercial Crime Policy)

Provides coverage for financial losses resulting from acts of dishonesty, theft,...

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Public Liability Act Insurance (1981)

Public Liability Act Insurance (1981)

A mandatory insurance under the Public Liability Insurance Act, 1991, for compan...

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Public Liability (Industrial Risk) Insurance

Public Liability (Industrial Risk) Insurance

A broader public liability cover designed for industrial and large commercial es...

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POSI (Public Offering of Securities Insurance)

POSI (Public Offering of Securities Insurance)

A specialised D&O cover taken when a company is going for IPO, FPO, rights issue...

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Warranties and Indemnities (W&I) Insurance

Warranties and Indemnities (W&I) Insurance

W&I insurance covers losses arising from breaches of warranties or representatio...

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Clinical Trials Liability Insurance

Clinical Trials Liability Insurance

Clinical Trials Liability (CTL) Insurance protects the sponsor, investigator, an...

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Fidelity Guarantee Insurance (Employee Dishonesty Insurance)

Fidelity Guarantee Insurance (Employee Dishonesty Insurance)

Fidelity Guarantee Insurance protects an employer from direct financial loss cau...

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Kidnap & Ransom (K&R) Insurance

Kidnap & Ransom (K&R) Insurance

K&R Insurance provides financial protection and crisis response support to indiv...

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Treaty Reinsurance

Treaty Reinsurance

Structuring and placement of proportional (quota share/surplus) and non-proporti...

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Facultative Reinsurance

Facultative Reinsurance

Tailor-made facultative placements for large or high-risk exposures, across fire...

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Retrocession Solutions

Retrocession Solutions

Arranging reinsurance of reinsurance portfolios to diversify and protect reinsur...

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Specialty Reinsurance

Specialty Reinsurance

Solutions for agriculture, cyber, credit & surety, D&O, energy, catastrophe, and...

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Bid Bond

Bid Bond

A bond that guarantees the bidder will honor their bid and sign the contract if ...

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Performance Bond

Performance Bond

A bond that guarantees the contractor will perform the project as per the agreed...

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Advance Payment Bond

Advance Payment Bond

This bond guarantees that the contractor will properly use the advance payment m...

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Maintenance Bond

Maintenance Bond

A bond that guarantees the contractor will fix defects or maintenance issues tha...

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Retention Bond

Retention Bond

A bond provided in lieu of cash retention (usually 5–10%) that guarantees the ...

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Credit Insurance

Credit Insurance

Credit Insurance protects businesses against non-payment or delayed payment by b...

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Film Production Insurance

Film Production Insurance

Covers financial loss due to disruption or cancellation of film or TV production...

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Aviation Insurance

Aviation Insurance

Aviation Insurance covers aircraft hull (own damage) and legal liability to thir...

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Drone Insurance

Drone Insurance

Covers loss or damage to drones and legal liability arising from drone operation...

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Parametric Insurance

Parametric Insurance

Parametric Insurance pays out a fixed amount when a pre-defined event threshold ...

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Event Insurance

Event Insurance

Event Insurance provides financial protection against losses arising from unfore...

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Crop Insurance

Crop Insurance

Crop Insurance compensates farmers for crop loss or damage due to natural calami...

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Livestock Insurance

Livestock Insurance

Covers the death or disability of livestock (e.g., cows, buffaloes, poultry) due...

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Fishery Insurance

Fishery Insurance

Covers fish farmers from financial loss due to mortality of fish stock caused by...

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Third-Party Liability Motor Insurance

Third-Party Liability Motor Insurance

A basic and mandatory policy that covers financial liability arising due to dama...

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Comprehensive Motor Insurance

Comprehensive Motor Insurance

A complete policy offering financial protection for own vehicle damage, third-pa...

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Own Damage Motor Insurance

Own Damage Motor Insurance

A policy specifically covering damage to the insured vehicle due to accidents, n...

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