Novo Insurance - Professional Insurance Services

Your Shield for a Secure Future

Tailored insurance solutions with instant quotes and seamless claims, powered by cutting-edge technology.

Insurance Types

Find the perfect coverage for your needs

Categories

Explore our range of insurance categories

Our Policies

Discover tailored policy options

Group Medi Claim (GMC)

Group Medi Claim (GMC)

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

Group Personal Accident (GPA)

Group Personal Accident (GPA)

An accident policy that offers financial compensation in the event of death, disability, or injury o...

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 in the event of thei...

Workmen’s Compensation Insurance (WCI)

Workmen’s Compensation Insurance (WCI)

Mandatory insurance that covers legal liability of an employer for injury, disability, or death of a...

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 micro (BSUS) enterprises...

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 caused by fire and a w...

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, burglary, accidenta...

Office Package Policy

Office Package Policy

A bundled insurance policy covering small and mid-sized office setups against fire, burglary, breakd...

Commercial Package Policy / Business Guard

Commercial Package Policy / Business Guard

A modular insurance plan offering comprehensive protection for commercial establishments by combinin...

Bharat Griha Raksha Policy

Bharat Griha Raksha Policy

This is a standardized home insurance policy mandated by IRDAI that provides protection to homeowner...

Householder’s Package Policy (HPP)

Householder’s Package Policy (HPP)

A comprehensive, customizable insurance policy that protects both the structure and contents of your...

Erection All Risks (EAR) Insurance

Erection All Risks (EAR) Insurance

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

Contractors All Risks (CAR) Insurance

Contractors All Risks (CAR) Insurance

CAR is a comprehensive insurance solution for civil construction projects, covering physical damage ...

Marine Cum Erection (MCE) Insurance

Marine Cum Erection (MCE) Insurance

This combined policy covers transit risks (marine inland or overseas) and the subsequent erection/in...

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 sites, whether worki...

Machinery Breakdown (MBD) Insurance

Machinery Breakdown (MBD) Insurance

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

Boiler and Pressure Plant Insurance

Boiler and Pressure Plant Insurance

This policy provides cover for boilers and pressure vessels against explosion risks during operation...

Electronic Equipment Insurance (EEI)

Electronic Equipment Insurance (EEI)

EEI covers loss or damage to sensitive electronic devices such as servers, computers, medical equipm...

Specific Transit Policy

Specific Transit Policy

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

Open Policy

Open Policy

A formal insurance policy that provides ongoing protection for all shipments within a defined limit ...

Sales Turnover Policy (STOP)

Sales Turnover Policy (STOP)

STOP is a marine-cum-storage insurance product that covers all movement and incidental storage of go...

Commercial General Liability (CGL)

Commercial General Liability (CGL)

A comprehensive liability policy that protects businesses from third-party claims of bodily injury, ...

Product Liability Insurance (PL)

Product Liability Insurance (PL)

This policy covers legal liability arising out of defects in products that cause bodily injury or pr...

Product Recall Insurance

Product Recall Insurance

Product Recall Insurance covers the costs incurred by a company when it must recall a defective or d...

Professional Indemnity (PI) Insurance

Professional Indemnity (PI) Insurance

Covers professionals against claims arising from errors, omissions, or negligence in the discharge o...

Errors & Omissions (E&O) Insurance

Errors & Omissions (E&O) Insurance

A form of professional indemnity designed for service providers and consultants, especially in IT, m...

Directors & Officers (D&O) Liability Insurance

Directors & Officers (D&O) Liability Insurance

Covers directors and officers of a company against personal liability arising from wrongful acts in ...

Cyber Liability Insurance

Cyber Liability Insurance

Protects organisations from financial losses arising from cyber-attacks, data breaches, and regulato...

Crime Insurance (Commercial Crime Policy)

Crime Insurance (Commercial Crime Policy)

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

Public Liability Act Insurance (1981)

Public Liability Act Insurance (1981)

A mandatory insurance under the Public Liability Insurance Act, 1991, for companies handling hazardo...

Public Liability (Industrial Risk) Insurance

Public Liability (Industrial Risk) Insurance

A broader public liability cover designed for industrial and large commercial establishments, beyond...

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, or private placeme...

Warranties and Indemnities (W&I) Insurance

Warranties and Indemnities (W&I) Insurance

W&I insurance covers losses arising from breaches of warranties or representations in mergers and ac...

Clinical Trials Liability Insurance

Clinical Trials Liability Insurance

Clinical Trials Liability (CTL) Insurance protects the sponsor, investigator, and trial site from le...

Fidelity Guarantee Insurance (Employee Dishonesty Insurance)

Fidelity Guarantee Insurance (Employee Dishonesty Insurance)

Fidelity Guarantee Insurance protects an employer from direct financial loss caused by dishonest act...

Kidnap & Ransom (K&R) Insurance

Kidnap & Ransom (K&R) Insurance

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

Treaty Reinsurance

Treaty Reinsurance

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

Facultative Reinsurance

Facultative Reinsurance

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

Retrocession Solutions

Retrocession Solutions

Arranging reinsurance of reinsurance portfolios to diversify and protect reinsurers' capital....

Specialty Reinsurance

Specialty Reinsurance

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

Bid Bond

Bid Bond

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

Performance Bond

Performance Bond

A bond that guarantees the contractor will perform the project as per the agreed terms, timelines, a...

Advance Payment Bond

Advance Payment Bond

This bond guarantees that the contractor will properly use the advance payment made by the project o...

Maintenance Bond

Maintenance Bond

A bond that guarantees the contractor will fix defects or maintenance issues that arise within the d...

Retention Bond

Retention Bond

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

Credit Insurance

Credit Insurance

Credit Insurance protects businesses against non-payment or delayed payment by buyers (domestic or e...

Film Production Insurance

Film Production Insurance

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

Aviation Insurance

Aviation Insurance

Aviation Insurance covers aircraft hull (own damage) and legal liability to third parties, passenger...

Drone Insurance

Drone Insurance

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

Parametric Insurance

Parametric Insurance

Parametric Insurance pays out a fixed amount when a pre-defined event threshold (like rainfall, temp...

Event Insurance

Event Insurance

Event Insurance provides financial protection against losses arising from unforeseen incidents such ...

Crop Insurance

Crop Insurance

Crop Insurance compensates farmers for crop loss or damage due to natural calamities, pests, or weat...

Livestock Insurance

Livestock Insurance

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

Fishery Insurance

Fishery Insurance

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

Third-Party Liability Motor Insurance

Third-Party Liability Motor Insurance

A basic and mandatory policy that covers financial liability arising due to damage, injury, or death...

Comprehensive Motor Insurance

Comprehensive Motor Insurance

A complete policy offering financial protection for own vehicle damage, third-party liabilities, the...

Own Damage Motor Insurance

Own Damage Motor Insurance

A policy specifically covering damage to the insured vehicle due to accidents, natural or man-made c...

Trusted Partners

Trusted Partners

Collaborating with industry leaders worldwide

<

Our Journey

Novo - Journey of Insurance Excellence
2018
2019
2020
2020-2022
2023
2018

Foundation Established

Novo was incorporated in Hyderabad, laying the groundwork for innovative insurance solutions nationwide.

2019

General Insurance License

Secured IRDAI license for General Insurance, expanding our portfolio to offer comprehensive coverage.

2020

Life Insurance Expansion

Obtained IRDAI Life Insurance license, enabling us to provide holistic protection during challenging times.

2022

Nationwide Growth

Expanded to 7 major cities, strengthening our network and delivering localized insurance services.

2023

Integrated Excellence

Achieved Composite Broker License, unifying General and Life Insurance for seamless client experiences.

Contact Us - Novo Insurance | Get Expert Insurance Advice

Send Us a Message

Fill out the form below and our insurance experts will get back to you with personalized recommendations.

Contact Information

Office
Hyderabad Branch
Address
2nd Floor, Brij Tarang Towers, No. 6-3-1191 to 1196, Unit 2E, Greenlands Rd, Kundanbagh Colony, Begumpet, Hyderabad, Telangana 500016, India
Business Hours
Monday - Saturday: 9:00 AM - 6:00 PM IST

Contact Form

Insurance Details (Optional)