What's special about us
Enjoy Zero Charges on All Commonly Used Savings Account Services
- About Us
- MD & CEO letter about the bank
- MD & CEO
- Our History
- Letter to Shareholders on the 1st Annual Report after Merger
- Letter to Shareholders on the 2nd Annual Report after Merger
- Letter to Shareholders on the 3rd Annual Report after Merger
- Letter to Shareholders on the 4th Annual Report after Merger
- Board of Directors
- Awards & Accolades
- News Room
- Investors
- Careers
- ESG
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As per amendment in the Income Tax Rules, PAN or Aadhaar are to be mandatorily quoted for cash deposit or withdrawal aggregating to Rupees twenty lakhs or more in a FY. Please update your PAN or Aadhaar. Kindly reach out to the Bank’s contact center on 1800 10 888 or visit the nearest IDFC FIRST Bank branch for further queries.
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Comprehensive General Liability Insurance
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Cyber Liability Insurance
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Directors and Officers Liability Insurance
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Professional Indemnity/Liability
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Comprehensive General Liability Insurance
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Cyber Liability Insurance
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Directors and Officers Liability Insurance
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Professional Indemnity/Liability
PLAN OPTIONS/VARIANTS
Comprehensive General Liability
- Premise/Public Liability: Liability or losses because of a bodily injury or property damage arising out of your business activities within your premises.
- Products and Completed Operations: Liability or losses arising because of a bodily injury or property damage related claim caused by your product or completed operations.
- Property Damage
- Bodily Injury
- Personal and Advertising Injury Liability
- Medical Payments expenses
- Fire Damage Extension
Running a business is challenging enough without having to worry about lawsuits, regulatory charges, third party injuries or property damage.
Liability risks are a threat to businesses of all sizes and the potential for large losses isn’t limited to large companies only. For example, a bodily injury lawsuit can easily result in a claim amount that’s higher than annual revenue for a small or mid-sized business.
One such protection is ICICI Lombard’s Comprehensive General Liability Insurance (CGL). CGL is designed to protect these businesses against a broad set of claims made against it for causing bodily injury, property damage, personal & advertising injury & defence costs.
CGL operates as a combination of Public Liability and Product Liability policies covering legal liability towards Third parties. The covers available are:
Cyber Liability Insurance
- Security & Privacy Liability - Claims and damages payable to third parties as a result of a data breach or failure of computer security.
- Civil Fines & Investigation – Fines & Penalties levied by regulatory authority and insurable by law
- Crisis Management Costs - Crisis communications costs associated with managing a negative publicity event.
- Multimedia Liability - Liability arising from third party for plagiarism, defamation, libel, or other negligent acts relating to publication of media
- Cyber Extortion - Ransom payments and other fees associated with an extortion threat, it would also cover the costs of retaining security professionals to help resolve the incident.
- Data Restoration Costs - Expenses incurred to restore, repair, or recreate data after corruption, destruction, or other loss.
- Forensic Costs - Expenses incurred to conduct the forensic investigation
- Privacy Notification Costs – Costs incurred in notifying relevant stakeholders about the incident and the procedures for dealing with the incident.
- Business Interruption Loss – Loss of revenue due to material interruption
In the current era where the digital landscape is changing so fast that technology and data are fundamental necessities for doing business today. It can be quite difficult knowing where the next threat is coming from. These risks can bring your business to a grinding halt and cause long term damage & reputation of your business. That is why it’s important to have cyber liability insurance to protect your business.
Cyber insurance provides first-party expense and third-party liability coverage to companies when personal/confidential information is compromised and other cyber related events like Denial of Service attacks or Hacking, put the Organization at the risk of loss of business.
Standard Extensions
Directors and Officers Liability Insurance
- Court awarded Damage
- Out of Court Settlements
- Defense Costs
- Public Relations Expenses
- Investigation Costs
- Legal costs for Investigations/ Inquiries
- Breach of duty to minority shareholders
- Workplace discrimination and harassment issues
- Civil fines and Penalties wherever insurable by Law
- Inadequate/inaccurate financial reporting or disclosures
- Cover for all persons in a managerial role on an unnamed basis
Director and Officers policy aims at indemnifying losses or defence cost that an insured suffers because of legal action brought for alleged wrongful acts in their capacity as directors, officers or employees of a company.
Directors and Officers of a Company have responsibilities towards various stakeholders like shareholders, regulators, employees. There could be high legal costs involved for such persons in case any stakeholder perceives that they have been negligent in their duties. The D&O policy provides the Insured Persons cover against such legal costs.
Coverages
Professional Indemnity/Liability
- Court awarded Damages
- Defence Costs
- Breach of Confidentiality
- Court Appearance Costs
- Exclusions
- Liquidated Damages
- Patent/Trade secret infringement
- Delay
- Out of Court Settlements
- Intellectual Property Breach
- Libel and Slander
- Loss of Documents
- Consequential Losses
- Unsolicited Communication
- Warranty or Guarantee
Negligence, breach of trust, misleading statements, legal liability and lawsuits are frightening terms which professionals may come across while performing professional services.
Professionals are trusted and valued for their expertise and experience. They have responsibilities towards their customers and the public. If things go wrong and someone suffers an injury, they could perceive that you have been negligent in your work, which increases the possibility of legal action against you, your company or your employees.
The PI policy provides the Insured cover against such legal costs.
Professional Indemnity – Doctors/Hospital
- Claims arising out of bodily injury or death caused by error, omission, negligence
- Legal liability including defence costs (costs, fees, expenses) incurred while investigation, cost of representation, compensation etc.
- Cover for Doctor, Nurses, Qualified assistant, Technician employed by Doctor
For a patient, his doctor is someone who promises good health by putting him on the right fitness condition when an emergency lands. Unfortunately, human error cannot be eliminated and doctors are exposed to the risk of claims from clients who have suffered loss due to neglect, error or omission.
In today's litigious world, claims can pose a significant threat to the financial security for a medical practitioner. Your expertise is protecting the health of your clients. Our expertise is advising you how to protect your professional interest.
Our Professional Indemnity for Doctors Policy protects you against
Disclaimer
Public Liability Insurance (under Public Liability Act, 1991) (Misc 07)
Public Liability Insurance ( Industrial Risks Policy) (Misc 08)
Public Liability Insurance ( Non-Industrial Risks) (Misc 09) Read More
Insurance is underwritten by ICICI Lombard General Insurance Company Limited (ICICI Lombard), with its registered office at ICICI Lombard House, 414, Veer Savarkar Marg, Near Siddhivinayak Temple, Prabhadevi, Mumbai- 4000025. IRDA Reg No. 115. Corporate Identity Number L67200MH2000PLC129408 The policy will be issued to you by ICICI Lombard and would be subject to the terms and conditions governing such policy. The contract of insurance would be between ICICI Lombard and the insured only, and not between IDFC FIRST Bank and the insured.Read Less
