Knowledge Centre
Mutual Fund Protection Insurance PolicyMutual Fund Protection Insurance Policy

Mutual Fund Protection
Insurance Policy

  • Introduction
  • What’s covered?
  • Policy Features
  • Why Choose HDFC ERGO?

Mutual Fund Protection Insurance Policy

Huge investments, the constant battle to deliver investor value, the massive growth in the number of investors, the growing need for accountability... it’s all at stake in the Mutual Funds industry.

HDFC ERGO’s Mutual Fund Asset Protection Professional indemnity Policy has been made keeping in mind the protection needed in the Mutual Funds industry. We provide financial stability, sound underwriting, broad coverage and responsive service to Mutual Fund across the nation.

 

What's Covered?

What’s Covered?

Errors, omissions misstatements, misleading statements, neglect, breach of duty or breach of trust while performing or failing to perform professional services.

What’s Covered?

Errors, omissions, misstatements, misleading statements, neglect, breach of duty or breach of trust by a trustee, director or officer of the Corporate Trustee or Asset Management Company .

What's Not Covered?

What’s not covered?

Pending or prior litigation, demands or judgments.

What’s not covered?

Circumstances notified under a prior insurance policy.

What’s not covered?

Claims brought by one Insured or affiliated person against another Insured other than:Read More...

What’s not covered?

Claims against the fiduciaries or administrators of any retirement or employee benefit plan.

What’s not covered?

Claims of deliberate fraud, willful violation of regulations or statutes, illegal profit or advantage are excluded where they are established in fact.

What’s not covered?

Defamation, wrongful entry, eviction, false arrest or imprisonment, malicious prosecution, assault or battery Claims of deliberate fraud, willful violation of regulations or statutes, illegal profit or advantage are excluded where they are established in fact.

What’s not covered?

Bodily injury or property damage exclusion.

What’s not covered?

Pollution.

What’s not covered?

Assumption of the Liability of third parties pursuant to a contract.

What’s not covered?

Intentional breach of contract where established at final adjudication.

What’s not covered?

Claims brought by security holders of trustee or Investment Manager.

What’s not covered?

Counterparty insolvency exclusion.

Policy Features

Who is covered?

  • The Mutual Fund
  • The Trustee
  • The Asset Management Company
  • All Directors, officers and employees of the Corporate Trustee and/or Investment Manager (past, present and future)

Definition of claim includes civil or criminal proceedings, investigations and written demands.

Extended Reporting Period.

Severability of all exclusions for insured individuals.

Severability of the proposal form.

Can insure any combination of Unit Trust, trustees, investment managers and their Directors, officers and employees.

Automatic cover for certain newly created or acquired Subsidiaries.

No prior acts exclusion.

Automatic "run off" cover for divested Subsidiaries.

Multi-year policies available.

Advancement of Defense costs prior to final disposition of a claim.

World-wide cover.

Spousal Liability extension.

Estates and legal representatives of incapacitated or beceased insured individuals are covered.

What are typical claims?

  • Improper trading
  • Disputes over fees
  • Inappropriate investments
  • Failure to properly disclose risks
  • Inappropriate valuation of portfolio securities
  • Breach of fiduciary duty/trust
Why HDFC ERGO?

Secured Over 1 Crore+ Smiles!

Trust redefines relations at HDFC ERGO. We consistently strive to make insurance easier, more affordable and more dependable. Here promises are kept, claims are fulfilled and lives are nurtured with utmost commitment.
Why HDFC ERGO?

All the support you need 24x7

We understand that in times of distress, instant help is the need of the hour. Our In-house claims team provides round the clock support to ensure hassle-free claim experience. We ensure to be your constant support system in times of need.
Why HDFC ERGO?

Catering customer needs

Since, last 16 years, we have been catering to endless customer requirements endlessly. By providing wide range of plans for every portfolio.
Why HDFC ERGO?

Transparency at its best

HDFC ERGO General Insurance claims are settled with utmost transparency and ease.
Why HDFC ERGO?

Awards

We have received the ICAI Award of the Year and excellence in financial reporting for the year FY: 18-19.
Why HDFC ERGO?

Secured Over 1 Crore+ Smiles

Trust redefines relations at HDFC ERGO. We consistently strive to make insurance easier, more affordable and more dependable. Here promises are kept, claims are fulfilled and lives are nurtured with utmost commitment.

All the support you need-24x7

We understand that in times of distress, instant help is the need of the hour. Our In-house claims team provides round the clock support to ensure hassle-free claim experience. We ensure to be your constant support system in times of need.

Catering customer needs

Since, last 16 years, we have been catering to endless customer requirements endlessly. By providing wide range of plans for every portfolio.

Transparency at its best

HDFC ERGO General Insurance claims are settled with utmost transparency and ease.

Awards

We have received the ICAI Award of the Year and excellence in financial reporting for the year FY:18-19.
Awards & Recognition
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