{"id":16042,"date":"2021-02-09T10:52:42","date_gmt":"2021-02-09T10:52:42","guid":{"rendered":"https:\/\/insuropedia.in?p=16042"},"modified":"2026-07-27T10:12:10","modified_gmt":"2026-07-27T10:12:10","slug":"how-many-insurance-companies-in-india-provide-a-do-policy","status":"publish","type":"post","link":"https:\/\/pamstaging2.securenow.in\/insuropedia\/how-many-insurance-companies-in-india-provide-a-do-policy\/","title":{"rendered":"Insurance companies providing D&#038;O policy in India"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div><p>At present, India has about 24 life insurance companies and 32 general insurance companies. On the one hand, the former offers life assurance plans that cover the risk of premature death. Other <a href=\"https:\/\/securenow.in\/commercial-liability-insurance\/commercial-general-liability\" target=\"_blank\" rel=\"noopener noreferrer\">insurance companies<\/a> offer policies that cover various financial risks faced by individuals and companies. So which insurance companies provide D&amp;O policy in India?<\/p>\n<h2 data-path-to-node=\"3\">Key Takeaways<\/h2>\n<ul data-path-to-node=\"4\">\n<li>\n<p data-path-to-node=\"4,0,0\"><b data-path-to-node=\"4,0,0\" data-index-in-node=\"0\">Diverse Provider Ecosystem:<\/b> India&#8217;s insurance sector features over 20 general insurance companies offering specialized Directors &amp; Officers liability policies across public and private domains.<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"4,1,0\"><b data-path-to-node=\"4,1,0\" data-index-in-node=\"0\">Public vs. Private Underwriting Nuances:<\/b> While PSU insurers offer deep financial capacity and stability, private insurers often provide faster turnaround times (TAT) and more flexible policy extensions.<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"4,2,0\"><b data-path-to-node=\"4,2,0\" data-index-in-node=\"0\">Selection Multi-Factor Evaluation:<\/b> Corporate buyers should assess insurers across five key parameters: core coverage breadth, premium pricing, extension flexibility, Claim Settlement Ratio (CSR), and claim processing TAT.<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"4,3,0\"><b data-path-to-node=\"4,3,0\" data-index-in-node=\"0\">Instant Inception via Digital Workflows:<\/b> Modern commercial insurance portals facilitate digital comparisons, document uploads, and instant policy binding through electronic Risk Held Letters.<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"4,4,0\"><b data-path-to-node=\"4,4,0\" data-index-in-node=\"0\">Need for Market Comparison:<\/b> Because underwriting guidelines and risk appetites vary significantly among general insurers, comparing quotes across multiple providers ensures optimal coverage at competitive rates.<\/p>\n<\/li>\n<\/ul>\n<p>A directors\u2019 and officers\u2019 (D&amp;O) policy is a kind of general policy for corporates. It shields businesses from holding responsibility for mistakes made by their directors and officers while performing their duties. A D&amp;O policy pays for settling with third parties and defending against lawsuits filed against the company.<\/p>\n<p>Of the 32 general insurance companies in India, two deal in specialized assurance plans. Then, there are standalone health insurance companies that offer only <a href=\"https:\/\/securenow.in\/group-insurance\" target=\"_blank\" rel=\"noopener noreferrer\">health insurance policies<\/a>. The remaining, about 22 or more, offer D&amp;O policies in India.<\/p>\n<h2><strong>Government-owned general insurance companies<\/strong><\/h2>\n<p>Four general Cover providers in India are public sector undertakings. These include:<\/p>\n<ul>\n<li>National Insurance Company Limited<\/li>\n<li>The New India Assurance Company Limited<\/li>\n<li>The Oriental Insurance Company Limited<\/li>\n<li>United India Insurance Company Limited<\/li>\n<\/ul>\n<p>All four offer D&amp;O liability insurance policies for organizations.<\/p>\n<p><strong>Additional Read:<\/strong> Who is the right benefactor to buy D&amp;O policy from?<\/p>\n<h2><strong>Private general companies that provide D&amp;O policy India<\/strong><\/h2>\n<p>Privately owned cover companies exist as branches of large Indian conglomerates or joint ventures between two or more companies. Some leading privately owned general cover companies that offer <a href=\"https:\/\/securenow.in\/commercial-liability-insurance\/director-officer-liability-insurance\" target=\"_blank\" rel=\"noopener noreferrer\">D&amp;O policy coverage<\/a> include:<\/p>\n<ul>\n<li>Bajaj General Insurance Company Limited<\/li>\n<li>Chola mandalam MS General Insurance Company Limited<\/li>\n<li>HDFC ERGO General Insurance Company Limited<\/li>\n<li>ICICI Lombard General Insurance Company Limited<\/li>\n<li>IFFCO Tokio General Insurance Company Limited<\/li>\n<li>Magma HDI General Insurance Company Limited<\/li>\n<li>Raheja QBE General Insurance Company Limited<\/li>\n<li>Reliance General Insurance Company Limited<\/li>\n<li>TATA AIG General Insurance Company Limited<\/li>\n<li>Universal Sompo General Insurance Company Limited<\/li>\n<\/ul>\n<p>In sum, all these insurance companies, along with other privately owned benefactor , offer D&amp;O insurance plans.<\/p>\n<p>Thus, have a choice of 20 or more insurance companies to find the right <a href=\"https:\/\/securenow.in\/commercial-liability-insurance\/director-officer-liability-insurance\" target=\"_blank\" rel=\"noopener noreferrer\">D&amp;O liability insurance<\/a> in India. However, when buying a policy, you should compare available policies and then make a choice. So, check the following when comparing insurance companies:<\/p>\n<ul>\n<li>Coverage<\/li>\n<li>Premium<\/li>\n<li>Policy extensions<\/li>\n<li>Claim settlement ratio<\/li>\n<li>Claim turnaround time<\/li>\n<\/ul>\n<p>Finally, after taking these factors into consideration, you can find the right D&amp;O insurance company.<\/p>\n<p><strong>Additional Read:<\/strong> <a href=\"https:\/\/securenow.in\/insuropedia\/how-do-i-buy-a-do-policy\/\" target=\"_blank\" rel=\"noopener noreferrer\">How you can buy a D&amp;O policy easily?<\/a><\/p>\n<h3 data-path-to-node=\"0\">Summary Table: Landscape of D&amp;O Insurance Providers in India<\/h3>\n<div class=\"horizontal-scroll-wrapper\">\n<div class=\"table-block-component\">\n<div class=\"table-block has-export-button new-table-style has-scrollbar is-at-scroll-start\">\n<div class=\"table-content md-content\" data-hveid=\"0\" data-ved=\"0CAAQ3ecQahgKEwjDrIHAmvKVAxUAAAAAHQAAAAAQ5AM\">\n<table data-path-to-node=\"1\">\n<thead>\n<tr>\n<td><strong>Insurer Category<\/strong><\/td>\n<td><strong>Representative Providers<\/strong><\/td>\n<td><strong>Key Operational Characteristics<\/strong><\/td>\n<td><strong>Evaluation Benchmark for Corporate Buyers<\/strong><\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><span data-path-to-node=\"1,1,0,0\"><b data-path-to-node=\"1,1,0,0\" data-index-in-node=\"0\">Public Sector Undertakings (PSUs)<\/b><\/span><\/td>\n<td><span data-path-to-node=\"1,1,1,0\">National Insurance, New India Assurance, Oriental Insurance, United India Insurance<\/span><\/td>\n<td><span data-path-to-node=\"1,1,2,0\">High sovereign backing, widespread regional network, strong balance sheet reserves for large commercial claims.<\/span><\/td>\n<td><span data-path-to-node=\"1,1,3,0\">Ideal for large public sector enterprises, state-owned entities, and companies seeking conservative underwriting.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span data-path-to-node=\"1,2,0,0\"><b data-path-to-node=\"1,2,0,0\" data-index-in-node=\"0\">Private Joint Ventures \/ Conglomerates<\/b><\/span><\/td>\n<td><span data-path-to-node=\"1,2,1,0\">ICICI Lombard, HDFC ERGO, TATA AIG, Bajaj Allianz, Chola MS, IFFCO Tokio<\/span><\/td>\n<td><span data-path-to-node=\"1,2,2,0\">Global underwriting ties, specialized management liability desks, faster claims processing SLAs.<\/span><\/td>\n<td><span data-path-to-node=\"1,2,3,0\">Well-suited for mid-to-large corporates, multinational operations, and companies seeking tailored extensions.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span data-path-to-node=\"1,3,0,0\"><b data-path-to-node=\"1,3,0,0\" data-index-in-node=\"0\">Boutique &amp; Specialized Private Insurers<\/b><\/span><\/td>\n<td><span data-path-to-node=\"1,3,1,0\">Raheja QBE, Magma HDI, Universal Sompo, Reliance General<\/span><\/td>\n<td><span data-path-to-node=\"1,3,2,0\">Agile underwriting, customizable niche policy endorsements, competitive pricing on core covers.<\/span><\/td>\n<td><span data-path-to-node=\"1,3,3,0\">Great for growing startups, SMEs, and mid-market firms looking for cost-effective, custom coverage structures.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span data-path-to-node=\"1,4,0,0\"><b data-path-to-node=\"1,4,0,0\" data-index-in-node=\"0\">Digital-First &amp; Instant Issuance Platforms<\/b><\/span><\/td>\n<td><span data-path-to-node=\"1,4,1,0\">Commercial underwriting desks with instant online bind capabilities (via risk-held letters).<\/span><\/td>\n<td><span data-path-to-node=\"1,4,2,0\">Swift quote generation, paperless documentation, immediate policy schedule binding upon payment.<\/span><\/td>\n<td><span data-path-to-node=\"1,4,3,0\">Excellent for fast-moving startups and tech firms requiring rapid proof of coverage for funding rounds or board additions.<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<h2><strong>The SecureNow advantage<\/strong><\/h2>\n<p>SecureNow partners with leading general insurance companies D&amp;O policy in India that offer insurance. So, with SecureNow\u2019s help, you can compare the best D&amp;O liability insurance policies to find the right benefactor. Similarly, SecureNow\u2019s experts will identify your requirements and design different policy options from different insurance companies. Hence, you can compare and find the best insurer for your needs.<\/p>\n<p>Furthermore, SecureNow offers you the opportunity to instantly purchase your D&amp;O policy online. Indeed, this is a unique benefit as it allows you to understand the product and premium. Just enter your specific details, upload your documents, and pay online. Moreover, you can receive confirmation of your coverage instantly through the Risk Held Letter.<\/p>\n<h3 data-path-to-node=\"6\">Frequently Asked Questions (FAQs)<\/h3>\n<h4 data-path-to-node=\"7\"><b data-path-to-node=\"7\" data-index-in-node=\"0\">1. Which types of insurance companies offer D&amp;O liability policies in India?<\/b><\/h4>\n<p id=\"p-rc_f20c2b09ca2c350f-86\" data-path-to-node=\"8\"><span class=\"citation-131\"><strong>A)<\/strong> In India, D&amp;O insurance is underwritten by <\/span><span class=\"citation-131\">general insurance companies<\/span><span class=\"citation-131 citation-end-131\"> regulated by the Insurance Regulatory and Development Authority of India (IRDAI).<\/span> Standalone health insurers and life insurance companies do not offer D&amp;O insurance. <span class=\"citation-130 citation-end-130\">Corporate buyers can select from public sector general insurers (e.g., New India Assurance, National Insurance) or private general insurers (e.g., ICICI Lombard, TATA AIG, HDFC ERGO).<\/span><\/p>\n<h4 data-path-to-node=\"9\"><b data-path-to-node=\"9\" data-index-in-node=\"0\">2. What criteria should be used to compare D&amp;O insurance companies in India?<\/b><\/h4>\n<p data-path-to-node=\"10\"><span class=\"citation-131\"><strong>A)<\/strong> <\/span>When evaluating commercial general insurers for a D&amp;O policy, organizations should assess:<\/p>\n<ul data-path-to-node=\"11\">\n<li>\n<p data-path-to-node=\"11,0,0\"><b data-path-to-node=\"11,0,0\" data-index-in-node=\"0\">Claim Settlement Ratio (CSR):<\/b> Historical percentage of corporate claims successfully settled.<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"11,1,0\"><b data-path-to-node=\"11,1,0\" data-index-in-node=\"0\">Claim Turnaround Time (TAT):<\/b> Average timeframe required to process legal defense advancements and final claim payouts.<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"11,2,0\"><b data-path-to-node=\"11,2,0\" data-index-in-node=\"0\">Inbuilt vs. Optional Endorsements:<\/b> Breadth of base policy terms and affordability of policy extensions (e.g., Entity EPLI, global jurisdiction).<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"11,3,0\"><b data-path-to-node=\"11,3,0\" data-index-in-node=\"0\">Underwriting Reputation:<\/b> Experience in handling complex executive liability litigation and director disputes.<\/p>\n<\/li>\n<\/ul>\n<h4 data-path-to-node=\"12\"><b data-path-to-node=\"12\" data-index-in-node=\"0\">3. What is a Risk Held Letter in commercial insurance online issuance?<\/b><\/h4>\n<p data-path-to-node=\"13\"><span class=\"citation-131\"><strong>A)<\/strong> <\/span>A Risk Held Letter (or cover note) is a legally binding document issued instantly by an underwriter or authorized insurance broker upon receipt of online premium payment. It confirms that the insurer has formally assumed risk for the organization and its directors while the finalized policy schedule and stamp paper documents are being processed.<\/p>\n<h4 data-path-to-node=\"14\"><b data-path-to-node=\"14\" data-index-in-node=\"0\">4. Can an Indian company purchase a D&amp;O policy with worldwide jurisdictional protection?<\/b><\/h4>\n<p data-path-to-node=\"15\"><span class=\"citation-131\"><strong>A)<\/strong> <\/span>Yes. Leading Indian general insurance companies offer Territorial and Jurisdictional Extensions that cover legal defense costs and third-party claims filed in foreign jurisdictions, including North America (US\/Canada). Companies with international subsidiaries, global customers, or foreign investors should explicitly request worldwide coverage from their insurer.<\/p>\n<h4 data-path-to-node=\"16\"><b data-path-to-node=\"16\" data-index-in-node=\"0\">5. Why is using an independent commercial broker advantageous when selecting a D&amp;O insurer in India?<\/b><\/h4>\n<p data-path-to-node=\"17\"><span class=\"citation-131\"><strong>A)<\/strong> <\/span>An independent commercial insurance broker conducts a structured risk assessment, gathers competitive quotes across multiple Indian general insurers, negotiates premium discounts and sub-limit waivers, and ensures the policy includes essential extensions tailored to the board&#8217;s specific corporate governance exposures.<\/p>\n<p><script type=\"application\/ld+json\">\n{\n  \"@context\": \"https:\/\/schema.org\",\n  \"@type\": \"FAQPage\",\n  \"mainEntity\": [\n    {\n      \"@type\": \"Question\",\n      \"name\": \"Which types of insurance companies offer D&O liability policies in India?\",\n      \"acceptedAnswer\": {\n        \"@type\": \"Answer\",\n        \"text\": \"In India, D&O insurance is underwritten by general insurance companies regulated by the Insurance Regulatory and Development Authority of India (IRDAI). Standalone health insurers and life insurance companies do not offer D&O insurance. Corporate buyers can select from public sector general insurers (e.g., New India Assurance, National Insurance) or private general insurers (e.g., ICICI Lombard, TATA AIG, HDFC ERGO).\"\n      }\n    },\n    {\n      \"@type\": \"Question\",\n      \"name\": \"What criteria should be used to compare D&O insurance companies in India?\",\n      \"acceptedAnswer\": {\n        \"@type\": \"Answer\",\n        \"text\": \"When evaluating commercial general insurers for a D&O policy, organizations should assess: Claim Settlement Ratio (CSR): Historical percentage of corporate claims successfully settled. Claim Turnaround Time (TAT): Average timeframe required to process legal defense advancements and final claim payouts. Inbuilt vs. Optional Endorsements: Breadth of base policy terms and affordability of policy extensions (e.g., Entity EPLI, global jurisdiction). 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Boasting 9 years of experience in the industry, he profoundly understands the complexities surrounding directors and officers liability coverage. Their articles delve into the intricacies of D&amp;O insurance, providing readers with invaluable insights into risk mitigation strategies and policy considerations. Renowned for their comprehensive knowledge and attention to detail, Rajesh is dedicated to delivering informative and engaging content that empowers individuals and businesses to navigate the complexities of insurance with confidence.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>At present, India has about 24 life insurance companies and 32 general insurance companies. On the one hand, the former offers life assurance plans that cover the risk of premature death. Other insurance companies offer policies that cover various financial risks faced by individuals and companies. So which insurance companies provide D&amp;O policy in India? [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_lmt_disableupdate":"no","_lmt_disable":"no","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[304,310],"tags":[559],"class_list":["post-16042","post","type-post","status-publish","format-standard","hentry","category-directors-and-officers-liability-insurance","category-insurer-directors-and-officers-liability-insurance","tag-directors-and-officers-liability-insurance"],"acf":[],"modified_by":"SecureNow","_links":{"self":[{"href":"https:\/\/pamstaging2.securenow.in\/insuropedia\/wp-json\/wp\/v2\/posts\/16042","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pamstaging2.securenow.in\/insuropedia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pamstaging2.securenow.in\/insuropedia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pamstaging2.securenow.in\/insuropedia\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/pamstaging2.securenow.in\/insuropedia\/wp-json\/wp\/v2\/comments?post=16042"}],"version-history":[{"count":19,"href":"https:\/\/pamstaging2.securenow.in\/insuropedia\/wp-json\/wp\/v2\/posts\/16042\/revisions"}],"predecessor-version":[{"id":36858,"href":"https:\/\/pamstaging2.securenow.in\/insuropedia\/wp-json\/wp\/v2\/posts\/16042\/revisions\/36858"}],"wp:attachment":[{"href":"https:\/\/pamstaging2.securenow.in\/insuropedia\/wp-json\/wp\/v2\/media?parent=16042"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pamstaging2.securenow.in\/insuropedia\/wp-json\/wp\/v2\/categories?post=16042"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pamstaging2.securenow.in\/insuropedia\/wp-json\/wp\/v2\/tags?post=16042"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}