General Accident : Fidelity Guarantee
This insurance designed to cover the actual financial loss sustained by the insured as a result of dishonest/fraudulent act of the employee(s) in connection with his employment as specified in the insurance. The insurance indemnify up to the limit specified for the employee
Type of Covers
- Individual Cover: Only one individual is guaranteed
- Collective Cover: The entire staff or numbers of selected people are covered based on employees designation or names.
Any loss if:
- Arising out of suppression of fact affecting the risk at the time of effecting the certificate
- There is any change in the circumstances of employment without Company’s approval
- More than one claim in respect of any one employee
- Arising outside Geographical location
- Due to non-observance of systems of check and precautions
- Any subsequent to an earlier act of dishonesty which came to the notice of insured.