First-of-a-Kind Equipment Insurance Schemes
How the scheme works
| Stage | What it involves |
|---|---|
| Catalogue | Whether the equipment is on the eligible list |
| Insurance | Cover taken out under the specified terms |
| Subsidy | Premium support applied for within the deadline |
| Evidence | Contract, invoice, acceptance and insurance documents |
Practical advice
- Confirm eligibility before investing effort in an application.
- Keep the delivery and acceptance evidence, because it decides the review.
- Rules and windows differ by locality, so work from the current official notice.
Policies change. Check the latest official documents before relying on any specific condition.