IFFCO-Tokio GIC Launches first of its kind Policy to Protect Individual Directors and KMPs from Liability and Claims
New Delhi, 27thJune, 2024.IFFCO-Tokio General Insurance Company, a joint venture between Indian Farmers Fertilizer Co-operative (IFFCO) and Japan’s Tokio Marine Group, has launched a new policy for Directors and Key Management Personnel (KMPs) which can be bought on individual basis. It covers defense costs, litigation expenses and compensation that Directors & KMPs may have to face because of allegations levied against them while performing their directorial, managerial & supervisory role.This product fills the gap felt by business owners& KMPs of companies who are not covered by Corporate Policies & provides a relevant solution.The Director & Key Personnel Insurance offers a vital risk management tool that protects the personal wealth and assets of a compa...
