Running a vending business? Protect your investment.
Whether it’s Otifi MiniVend-01, Otifi ChillX-10, or the big boy Otifi MaxVend Pro, insurance is not optional—it’s smart.
Let’s break down the options.
🔹 Why You Need Insurance
- Theft? Happens.
- Fire? Rare, but deadly.
- Vandalism? Street units are at risk.
- Stock spoilage? Real losses.
- Liability? What if someone claims injury?
🧠 A good policy saves you when tech fails or people don’t play fair.
🔸 Machine Models We Cover
🔹 Otifi MiniVend-01
- Compact Snack Dispenser
- ₹80,000 – ₹1,20,000
- Ideal for hostels, small offices
- Capacity: 60 items
- Monthly Stock Value: ₹3,000
🔹 Otifi ChillX-10
- Cold Beverage + Packaged Food
- ₹1,50,000 – ₹2,30,000
- Climate-Controlled
- Power Draw: 300W
- Capacity: 100 items
- Monthly Stock Value: ₹6,000
🔹 Otifi MaxVend Pro
- Combo: Snacks, Drinks, Electronics
- ₹3,00,000+
- Touchscreen, IoT-Enabled
- Payment: UPI, NFC, Card
- Monthly Stock Value: ₹10,000+
🔹 Top Insurance Providers in India (2025)
- HDFC ERGO – Business Equipment Insurance ✅ Covers fire, theft, damage ✅ Optional: stock and liability 💰 Avg. Premium: ₹1,200–₹3,500/year (per unit)
- Tata AIG – SME Secure ✅ Fire, burglary, stock loss ✅ Add-on: Public liability 💰 Avg. Premium: ₹1,500–₹5,000/year
- ICICI Lombard – All Risk Cover ✅ Covers vending machines specifically ✅ Good for city deployments 💰 Premium: ~1% of machine cost per year
- Digit Insurance – Business Gadgets Plan ✅ App-based claims ✅ Best for smart vending machines 💰 Avg. Premium: ₹2,000–₹4,000/year
- New India Assurance – Fire & Theft Plan ✅ Govt-backed, trusted ✅ Slower processing 💰 Avg. Premium: ₹800–₹2,500/year
🔸 Factors That Affect Premiums
- Location (mall vs public street)
- Type of machine
- Value of stock
- Year of manufacture
- Security (CCTV, alarm, etc.)
💡 Otifi Tip: Bundle multiple units under one policy. Better rates. Less paperwork.
📈 Return on Safety Imagine losing a ₹2 lakh machine. A ₹3,000/year insurance saves that stress. Your ROI is peace of mind.
📍 Where to Buy?
- Through business agents
- Directly on insurer websites
- Fintech platforms like PolicyBazaar, Digit app
