Reliance General Directors & Officers Liability Insurance

Reliance General Insurance Company Limited is a private general insurance providing company in India. The company has a huge customer base that includes multiple corporates and SMEs. As per IRDAI, the claim settlement ratio of the company in 2021-22 was 98.65%.

Reliance General Directors & Officers Liability Insurance

The insurance policy provides coverage for the following perils:

Defense and Legal Costs
Expenses incurred in legal representation

Claims arise due to wrongful acts in the capacity of directors and officers of a company. However, here are a few incidents that can lead to litigation on the directors and officers. They are as follows:

Compliance with various legal statutes
Corporate Governance requirements
Management integrity issues
Auditing and Accounting practices
Mergers & Acquisitions
Listing of stock or debt on a stock exchange
Breach of duty to minority shareholders
Irregularities in securities issues
Employment irregularities/harassment

Reliance General Directors & Officers Liability Insurance: Exclusions

The insurance policy does not provide coverage for the following perils:

Contractual liability
Bodily Injury and Property Damages
Professional Services
Consensual claims
Pollution liability
USA Insured Vs. Insured
Dishonesty

Reliance General Directors & Officers Liability Insurance: Add-ons

The insurance company provides several add-ons under this policy. The customer can purchase the below-mentioned add-ons by paying an additional amount:

Pollution Defense Costs for non-indemnifiable losses
Shareholder Pollution Actions
Retired Directors or Officers
Occupational Health & Safety Defense Costs
Emergency Defense Costs
Bilateral Extended Reporting Period
Spouses, Heirs & Representatives

Reliance General Directors & Officers Liability Insurance: Claim Process

In order to raise a claim under this policy, kindly follow the below-mentioned steps:

If a customer files a case against the policyholder, they should immediately notify the insurer.
The insurer should be asked for a claim form, which must be filled out, signed, and submitted with the necessary documents.
In the event of the policyholder receiving a legal notice, the insurer must be informed.
Additionally, the insurer should be notified if any legal proceedings have been initiated in court.
The insurer will dispatch a surveyor to assess the situation and gather more information.
Once the insurer is satisfied with the information provided by the policyholder, they will process the claim and settle it accordingly.

Reliance General Directors & Officers Liability Insurance: Documents Required

While raising the claim under this insurance policy, the insured will have to submit the following documents along with the claim form:

Copy of Aadhar card of the insured
Copy of PAN card of the insured
Address proof of the insured organisation
Any other documents as per the requirement of the insurer

FAQs

Ques 1: What factors should I consider when selecting a Directors and Officers liability insurance provider in India?

Ans: When selecting a Directors and Officers liability insurance provider in India, it is important to consider the insurer's reputation, financial stability, policy features, pricing, and claims handling process. It is also recommended to read the policy terms and conditions carefully before purchasing.
Ques 2: What is the claims process for Directors and Officers liability insurance in India?

Ans:The claims process for Directors and Officers liability insurance in India typically involves notifying the insurer of the claim, providing all relevant documentation, and cooperating with the insurer during the investigation and settlement process.
Ques 3: Can I add new directors or officers to my policy during the policy term?

Ans: Yes, it is possible to add new directors or officers to the policy during the policy term. However, this may result in a premium adjustment and may require underwriting approval from the insurer.
Ques 4: How much does Directors and Officers liability insurance cost in India?

Ans: The cost of Directors and Officers liability insurance in India depends on several factors, including the size of the company, the industry, and the level of risk involved.

Director Officers Liability Companies

Bajaj Allianz D and O

SBI D & O

Disclaimer: Above mentioned insurers are arranged in alphabetical order. Policybazaar.com does not endorse, rate, or recommend any particular insurer or insurance product offered by an insurer.

Commercial Insurance Products

Group Health Insurance

Marine Insurance

Cargo Insurance

Workmen Compensation Insurance

Professional Indemnity

Fire Insurance

Shop Insurance

Comprehensive Liability Insurance

Construction All Risk

Erection All Risk

Cyber Insurance

Directors & Officers Insurance

Contractor's Plant & Machinery

Office Package Policy

Group Personal Accident Insurance

Group Life Term Insurance

Drone Insurance

Director Officers Liability Insurance Articles

Popular Articles
Recent Articles

Exploring D&O Liability Insurance Case Studies

The importance of Directors and Officers (D&O) liability insurance has gained a lot of attention in India in...Read more

21 Feb 2023 by Policybazaar 4454 Views

Chief Financial Officer (CFO): Roles and Responsibilities

A Chief Financial Officer (CFO) is the senior executive overseeing a company's financial health. As a key...Read more

14 Apr 2025 by Policybazaar 325 Views

D&O Insurance Vs General Liability Insurance

Directors & Officers Insurance, commonly known as D&O insurance, offers financial protection to a...Read more

23 Nov 2023 by Policybazaar 2172 Views

Common Exclusions in D&O Insurance

A D&O (Director and Officer) insurance is an insurance policy that covers damages and legal expenses for any...Read more

08 Feb 2024 by Policybazaar 1845 Views

The Most Significant Liabilities for a Company Director

Under the company’s act 2013, a director is a person appointed by the Board members of the company. A director...Read more

18 Apr 2023 by Policybazaar 2316 Views

What is Side A Coverage under Directors and Officers Liability

Side A coverage under directors & Officers liability insurance is a type of insurance that provides coverage...Read more

10 Apr 2023 by Policybazaar 3570 Views

CMO: Roles & Responsibilities: What is a Chief Marketing Officer...

A Chief Marketing Officer (CMO), also known as a Chief Brand Officer or CBO, is a C-Suite (top-level) executive...Read more

26 Mar 2025 by Policybazaar 309 Views

D&O Insurance for Independent Directors under Companies Act 2013

Directors and Officers (D&O) insurance is a type of liability insurance. It protects directors and officers of...Read more

18 May 2023 by Policybazaar 3510 Views

Factors that Determine the Premium of D&O Insurance Policy

Directors and Officers (D&O) insurance is a crucial component in safeguarding the leaders of an organization...Read more

23 Nov 2023 by Policybazaar 1849 Views

6 Risks That Directors and Officers are Most Worried About

There are several risks faced by directors and officers in India. The directors and officers play a crucial role...Read more

31 Mar 2023 by Policybazaar 2197 Views

What is a CEO? (Including Roles & Responsibilities)

A Chief Executive Officer (CEO) is the highest-ranking executive in a company. Tasked with steering the...Read more

28 Apr 2025 by Policybazaar 189 Views

To What Extent Can Defence Costs Be Claimed under D&O Policy

Directors and Officers liability insurance policies have become an essential form of protection for companies and...Read more

19 Apr 2023 by Policybazaar 2650 Views

What is Not Covered in a Directors & Officers Insurance Policy?

The Directors & Officers Insurance is designed to provide protection to the executives of a company from the...Read more

21 Dec 2020 by Policybazaar 4307 Views

What is a Board of Directors? What are its Roles and Responsibilities?

A Board of Directors is a governing body responsible for overseeing a company's strategic direction and financial...Read more

14 Apr 2025 by Policybazaar 210 Views

What is a Chief Technology Officer (CTO)? Roles & Responsibilities

A Chief Technology Officer or CTO is referred to as the chief of technology of a company. Being a part of the...Read more

27 Mar 2025 by Policybazaar 305 Views

How Does Leadership Communication Impact Shareholder Confidence?

Shareholder confidence goes beyond numbers; it can shape your...Read more

21 May 2025 by Policybazaar 25 Views

What is Strategic Decision Making?

Strategic decision-making is the process of choosing long-term...Read more

21 May 2025 by Policybazaar 35 Views

Leadership Roles: Definition, Responsibilities, and Examples

When we think of ‘leadership,’ many of us instantly picture...Read more

30 Apr 2025 by Policybazaar 151 Views

What is a CEO? (Including Roles & Responsibilities)

A Chief Executive Officer (CEO) is the highest-ranking executive...Read more

28 Apr 2025 by Policybazaar 189 Views

How Do Leadership Styles Affect a Company's Long-Term Stability?

Leadership styles play a defining role in shaping how businesses...Read more

25 Apr 2025 by Policybazaar 163 Views

What Do Investors Look for in a Partner?

Investors looking for projects to fund aren't simply assessing...Read more

25 Apr 2025 by Policybazaar 133 Views

Chief Financial Officer (CFO): Roles and Responsibilities

A Chief Financial Officer (CFO) is the senior executive...Read more

14 Apr 2025 by Policybazaar 325 Views

What is a Board of Directors? What are its Roles and Responsibilities?

A Board of Directors is a governing body responsible for...Read more

14 Apr 2025 by Policybazaar 210 Views

What is a Chief Technology Officer (CTO)? Roles & Responsibilities

A Chief Technology Officer or CTO is referred to as the chief of...Read more

27 Mar 2025 by Policybazaar 305 Views

CMO: Roles & Responsibilities: What is a Chief Marketing Officer...

A Chief Marketing Officer (CMO), also known as a Chief Brand...Read more

26 Mar 2025 by Policybazaar 309 Views

Guide to Managing Employment Practice Claims with D&O Insurance

The frequency of employment practice claims against...Read more

12 Jun 2024 by Policybazaar 871 Views

D&O Insurance for Company Secretaries

Directors and Officers (D&O) insurance is a critical risk...Read more

18 Apr 2024 by Policybazaar 949 Views

D&O Insurance for CFOs

The Chief Financial Officer is responsible for the financial...Read more

09 Apr 2024 by Policybazaar 1389 Views

Why D&O Insurance is Important for Small Businesses?

Directors and Officers (D&O) insurance provides financial...Read more

23 Feb 2024 by Policybazaar 922 Views

Cybersecurity and D&O Insurance

It's 2024, and most organisations are at risk of getting...Read more

22 Feb 2024 by Policybazaar 1220 Views

Disclaimers⁺
⁺Premium varies on the basis of Occupancy, Business Activity & Coverage Type
By clicking on "View Plans" you agree to our Privacy Policy and Terms Of Use and also provide us a formal mandate to represent you to the insurer and communicate to you the grant of a cover.
The details of insurance coverage, inclusions and exclusions are subject to change as per solutions offered by insurance providers. The content has been curated based on the general practices in the industry. Policybazaar is not responsible for the factual correctness of these details.

Reliance General Directors & Officers Liability Insurance

Reliance General Directors & Officers Liability Insurance

Reliance General Directors & Officers Liability Insurance: Exclusions

Reliance General Directors & Officers Liability Insurance: Add-ons

Reliance General Directors & Officers Liability Insurance: Claim Process

Reliance General Directors & Officers Liability Insurance: Documents Required

FAQs

Ques 1: What factors should I consider when selecting a Directors and Officers liability insurance provider in India?

Ques 2: What is the claims process for Directors and Officers liability insurance in India?

Ques 3: Can I add new directors or officers to my policy during the policy term?

Ques 4: How much does Directors and Officers liability insurance cost in India?

Disclaimers+

When do you want a call back?

What will be the suitable time?

Tell us the number you want us to call on

Call scheduled successfully!

Disclaimers⁺