About Banker's Indemnity Policy

With the business of banking growing phenomenally in recent years, expanding both in diversity and extent. Along with this development, incidence of crimes has also grown to alarming proportions and it has become essential for bankers to protect themselves adequately against such losses. Banker’s indemnity policy is available to protect bankers against loss to cover the following

1. Loss by dishonesty of employees resulting in pecuniary loss
2. Loss due to forging or alteration, that is, by way of bogus financial instruments (cheques, drafts, Fixed Deposits, Receipts, Traveller's Cheques etc.) being used for collecting payments
3. Loss due to robbery / theft or any other causes of registered postal sending in direct transit or intended to be dispatched provided that each postal sending is insured with the Post Office
4. Loss of money / securities while in transit carried by bank's employees due to misappropriation, loss, stealing, mislaying due to negligence or fraud by employees
5. Loss due to fraud or dishonesty in respect of goods or commodities pledged or hypothecated to the insured and under his control
6. Loss due to fire / riot / strike / burglary / housebreaking / theft / robbery / hold up of money or securities belonging or held in trust by the bank on their premises or in any recognised place of safe deposit within a certain area.
7. Loss by reason of infidelity / criminal acts of approved appraisers, provided the insured has taken reasonable precaution and safeguards in the selection and appointment of such Appraisers / Valuers.
8. By reason of their infidelity or criminal act, subject to total liability during the policy period in respect of Janata Agents, Pygmie Collectors, and Chhoti Bachat Yojana Agents

NOTE: THE BRIEF WRITE UP YOU FIND IN THIS WEBSITE FOR VARIOUS POLICIES IS ONLY A SYNOPSIS. THE DETAIL EXTENT OF COVERAGE WITH THE TERMS & CONDITIONS WILL BE SENT BY US TO YOUR MAIL ID ON REQUEST TO US. PLEASE MAIL TO CUSTOMERCARE@VIZZAFIN.COM