By Bishal Deep Basnet on Nov 15,2018 - 14:59
Bankers Indemnity Insurance Policy designed specially to cover the risks related to the banking sector. Banks deal with public money and are prone to risk while dealing with cash and securities.
The Banks carry a heavy financial risk in their day to day operation for money or belonging securities. In case of accidents like fire, riot and strike, burglary and housebreaking, theft robbery or hold up in their premises.
Bankers Blanket Indemnity Insurance Policy is a blend of various sections of coverage that protects the bank from loss of money and/or securities on-premises and in transit due to various threats. Bank indemnity policy also provides cover against financial loss arising from forgery, fraud, and dishonesty.
This insurance provides an indemnity to the Bank in respect of the following risks: Loss of money or securities by fire, riot and strike, burglary house breaking theft, robbery or hold-up
a) Loss of money or securities in transit.
b) Payment or forged or raised cheques, drafts and fixed deposit receipts.
c) Dishonest Acts of employees in respect of money and securities.
d) Dishonest Acts of employees in respect of pledged goods.
General Claim Procedures:
a. Report to the Insurance Company immediately through intimation letter with the following details
i. Policy No and details.
ii. Date/Time/Place/cause of accident,
iii. Carrier/Properties involved in accident,
iv. Estimated loss Amount
vi. Contact Person and address (with Tel No)
To know more details or to apply, you can fill up an online form here.
The domestic share market today, the second day of the week, closed at 301.34 points by witnessing a rise of 6.30 points compared to the previous day. The Sensitive Index that measures the value of big companies registered a 1.21-point rise to sit at 278.24 points.
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