ICICI Lombard Insurance Company’s D&O Insurance
ICICI’s Directors Liability Insurance Policy is one of the best D&O Insurance plans which covers directors, officers and employees for decisions made and actions taken by them while performing their duties. This policy offers the coverage against a wide range of litigation arising from employees, customers, vendors, shareholders, and general public, at affordable premiums. This insurance policy protects insured person, company and company securities against claims made during the policy period (or discovery period, if applicable) and reported to insurer as per terms and conditions of the policy. This policy also covers extensions such as additional limit for non-executive director, bilateral discovery period, cover for new subsidiaries, discovery period for retired insured person and supplementary costs.Compare ICICI Lombard for Directors Officers Liability Insurance
Highlights
Expertise in mitigating the risk
Claim Settlement with single document
Dedicated team for risk advisory and safety installations
23 Lakhs - Count of Total Claims Settled
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ICICI Lombard Insurance Company’s Overview
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On Directors Officers Liability Insurance
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Directors Officers Liability Insurance
By ICICI Lombard Insurance Limited
Directors Officers Liability Insurance
By ICICI Lombard Insurance Limited
Other partner insurance companies
How to buy a ICICI’s Directors and Officers Liability Insurance Policy?
1. Share your proposal details along with your name, contact number, email id and address with us at support@securenow.in
2. Finalise the coverages and premium from the quote comparison we will share with you on receiving the request for proposal
3. Fill the proposal form
4. Make the payment via NEFT details
5. The policy copy will get issued to your registered email id within 7-10 working days once the payment is made
Any Questions?
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Buy ICICI’s Directors and Officers Liability Insurance coverage upto 15 Crores*
Premium starting from ₹22,525 per annum*
*Terms & conditions apply. Click view plans below to check eligibility
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ICICI’s Directors Liability Insurance Policy Benefits at a Glance:
| Particulars | Coverage |
|---|---|
| Affordable Premiums | |
| Discovery Period | 90 days at no extra cost 365 days at 50% of annual premium |
| Discovery Period for Retired Insured Person | Lifetime |
| Companies Security Cover | |
| Abduction Response Costs | |
| Civil fines and penalties | |
| Counselling Costs | |
| Crisis Mitigation Costs | |
| Defense Cost for breach of occupational health and safety laws, including workplace death claims | |
| Deprivation of Assets Costs | |
| Emergency Costs | |
| Extradition Costs | |
| Investigation Costs | |
| Additional Limit for Non-Executive Director | |
| Major Shareholder % | 15% |
| New Subsidiary Acquisition % | 25% |
| Territorial Scope & Jurisdiction | Worldwide |
*Excess and Sub-limits applicable
How to renew ICICI’s Directors Liability Insurance?
One should renew the insurance policies to continue availing last year's policy benefits. For renewals, our concerned team sends reminder emails to customers 30 days before the due date of the renewal of the policy. The client is supposed to revert to our emails and calls and let us know if we can proceed with the renewal policy booking as per last year's terms and conditions, or let us know deviations required in policy, if any. We share the quote and NEFT details with customers 15 days before the due date of renewal. The policy copy gets issued within 7-10 working days once the payment is made and the proposal form has been filled out and shared with the insurer.
To renew your D&O policy (other than ICICI's), you are requested to send us your last year's policy and updated claims details at support@securenow.in. You can also contact us at +91 9696683999 and take assistance for completion of D&O Policy's renewal process.
How to register a claim under a ICICI Lombard’s Directors and Officers Insurance Policy?
- Any circumstances that may reasonably be expected to give rise to a claim
- Any claim made against the insured
end of policy period or discovery period and should include (but not limited to):
- Reasons for anticipating a claim (or circumstances)
- Duly filled in and signed claim form
- All other information or documents relevant to the claim/circumstance
Standard Exclusions of ICICI Lombard’s D&O Policy:
NOTE: This is not an exhaustive list.
Frequently Asked Questions
In ICICI’s Directors and Officers Policy, below mentioned coverages are there:
