Vibgyor Gold launches gold insurance in association with National Insurance

KOLKATA: Vibgyor Gold on Tuesday introduced jewellery block insurance policy for its Virtue range of jewelleries. The initiative has been launched in association with the National Insurance Company Limited. The scheme will ensure customers get additional cover for the Virtue branded gold jewellery that they purchase.

“With soaring gold prices, people are becoming wary of buying gold. Having an insurance policy on the gold jewellery purchased will give our customers a sense of security”, said Mr Santanu Bhattacharya, managing director, Vibgyor Gold Ltd.

The policy covers risks like burglary, house breaking, fire & allied perils and hold up cover within India. The losses from the custody of the purchaser including family members (spouse, children above 16 years of age and parents staying with the purchaser) or from the residential premises of the purchaser are covered.

The policy is applicable for customers purchasing gold jewellery from the Virtue showrooms. Customers will be entitled to insure sum from as low as Rs. 10,000 upto Rs 5 Lakh per person. The limit for a single item will be upto Rs 3 lakh. “In the event of any loss which may give rise to any claim, purchaser should report to Virtue and police station within 24 hours”, added Mr. Bhattacharya.

Vibgyor Gold is a venture of Vibgyor Group, which has forayed in the gold, diamond & silver jewellery market. Since inception in 2011, Vibgyor Gold Ltd. has been thriving and spreading to multi-locations across India and is one of the dominant player in the eastern Indian jewellery market.