Huge investments, the constant battle to deliver investor value, the massive growth in the number of investors, the growing need for accountability... it’s all at stake in the Mutual Funds industry.
HDFC ERGO’s Mutual Fund Asset Protection Professional indemnity Policy has been made keeping in mind the protection needed in the Mutual Funds industry. We provide financial stability, sound underwriting, broad coverage and responsive service to Mutual Fund across the nation.
Errors, omissions misstatements, misleading statements, neglect, breach of duty or breach of trust while performing or failing to perform professional services.
Errors, omissions, misstatements, misleading statements, neglect, breach of duty or breach of trust by a trustee, director or officer of the Corporate Trustee or Asset Management Company .
Pending or prior litigation, demands or judgments.
Circumstances notified under a prior insurance policy.
Claims brought by one Insured or affiliated person against another Insured other than:Read More...
Claims against the fiduciaries or administrators of any retirement or employee benefit plan.
Claims of deliberate fraud, willful violation of regulations or statutes, illegal profit or advantage are excluded where they are established in fact.
Defamation, wrongful entry, eviction, false arrest or imprisonment, malicious prosecution, assault or battery Claims of deliberate fraud, willful violation of regulations or statutes, illegal profit or advantage are excluded where they are established in fact.
Bodily injury or property damage exclusion.
Pollution.
Assumption of the Liability of third parties pursuant to a contract.
Intentional breach of contract where established at final adjudication.
Claims brought by security holders of trustee or Investment Manager.
Counterparty insolvency exclusion.
Who is covered?
Definition of claim includes civil or criminal proceedings, investigations and written demands.
Extended Reporting Period.
Severability of all exclusions for insured individuals.
Severability of the proposal form.
Can insure any combination of Unit Trust, trustees, investment managers and their Directors, officers and employees.
Automatic cover for certain newly created or acquired Subsidiaries.
No prior acts exclusion.
Automatic "run off" cover for divested Subsidiaries.
Multi-year policies available.
Advancement of Defense costs prior to final disposition of a claim.
World-wide cover.
Spousal Liability extension.
Estates and legal representatives of incapacitated or beceased insured individuals are covered.
What are typical claims?
Secured Over 1 Crore+ Smiles!
All the support you need 24x7
Catering customer needs
Transparency at its best
Awards
Secured Over 1 Crore+ Smiles
All the support you need-24x7
Catering customer needs
Transparency at its best
Awards
Claims brought by one Insured or affiliated person against another Insured other than:
Car Insurance 
Bike/Two Wheeler Insurance 
Health Insurance 
Pet Insurance
Travel Insurance 
Home Insurance 
Cyber Insurance 
Third Party Vehicle Ins. 
Tractor Insurance 
Goods Carrying Vehicle Ins. 
Passenger Carrying Vehicle Ins. 
Compulsory Personal Accident Insurance 
Travel Insurance 
Rural 
Critical illness Insurance 
