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Products >> Commercial Insurance >> Bankers Blanket Insurance Policy

IFFCO-TOKIO's bankers indemnity policy is available to protect bankers against loss:

  • Of money or securities belonging or held in trust by you on your premises by fire, riot and strike, burglary and housebreaking, theft robbery or hold up
  • In transit (your financial Instruments and money being misappropriated by negligence or fraud of your employees)
  • By forging or alteration (by way of bogus financial instruments being used for collecting payments)
  • By dishonesty (of your employees resulting in pecuniary loss)
  • Of hypothecated goods under your control as a result of fraud and dishonesty of your employees
  • By registered postal sending (robbery theft while in direct transit)
  • By appraisers and Janta Agents (by infidelity).
Exclusions

  • War and nuclear group of perils
  • Act of God perils like Earthquake, storm, or other convulsions of nature
  • Negligent act of employee or wrongful act of director
  • Trading losses
  • Manipulation of Electronic Data Processing Systems
You Must Note:
  • That a proper statutory audit be carried out by periodically
  • In case of loss we have full rights to examine your books
  • All moneys payable to the guilty employee shall be ours to recover / the claim shall be reduced to the extent


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