ÿþ<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML> <HEAD> <TITLE>Oriental Insurance-Directors and Officers Liability Policy</TITLE> <META NAME="Generator" CONTENT="EditPlus"> <META NAME="Author" CONTENT=""> <META NAME="Keywords" CONTENT=""> <META NAME="Description" CONTENT=""> </HEAD> <BODY> <table width="1000" align="center" style="font-family: Arial, normal;font-size: 12px;" border="1"> <tr> <td> <table width="1000" align="center" border="0"style="font-family: Arial, normal;font-size: 12px;"> <tr> <td width="25"></td> <td > <img align="left" src="/images/Happy_Family_Floater-6_1.jpg"/><br><h3 align="middle"><b>THE ORIENTAL INSURANCE COMPANY LIMITED</b></h3> <h4 align="middle"><b>Regd.Office:Oriental House,P.B.No.7037,A-25/27,Asaf Ali Road,New Delhi-110 002</b></h4><br><br><br> <img align="middle" src="/images/Broker_Indemnity_Policy-1_1.jpg"/><br> <h2><b>Directors and Officers Liability Policy</b></h2><br><br> <h3 style="color:blue"><b>Highlights</b></h3> This cover is suitable for those Directors & key officers who are in a decision  making position. These directors and officers in pursuance of their duties may take some actions which may be in violation of certain statutes or Indian Laws<br> <h3 style="color:blue"><b>Scope</b></h3> <ol> <li>Against any loss that the Organization may incur, on account of mistaken actions taken in their individual capacity as Directors & Officers in pursuance of their duties under Memorandum and Articles of Association.</li><br> <li>Against loss arising from claims made against them by reason of any wrongful Act in their Official capacity.</li><br> <li>Legal costs & expenses incurred with the written consent of the insurers arising out of prosecution (criminal or otherwise) of any Director / officer and attendance at any investigation, examination, inquiry or other proceedings by the authority empowered to do so.</li><br> <li>Expenses incurred by any shareholder of the Company in pursuance of a claim against any Director / Officer, which the Company is legally obliged to pay, pursuant to an order of a Court.</li><br> <li>Provide indemnity to the estate of, legal heirs or legal representatives of the Director / officer in the event of the Director / officer becoming insolvent</li><br> </ol> <h3 style="color:blue"><b>Exclusion</b></h3> <ol> <li>Any bodily injury ,sickness, disease or death of any person or any damage to tangible property</li><br> <li>Dishonest, fraudulent, criminal or malicious act.</li><br> <li>Personal guarantee.</li><br> <li>Libel and slander</li><br> <li>Personal injury and damage to property.</li><br> <li>Pollution damage</li><br> <li>Directly resulting from goods or products manufacture or sold by the company</li><br> <li>Fines, penalties, punitive or exemplary damages.</li><br> <li>Any circumstances existing prior to inception date of policy</li><br> </ol> <h3 style="color:blue"><b>Premium</b></h3> Premium depends on profile of the client, the Sum Insured selected, present and past functioning of the company, information in the balance sheet and annual report, degree of exposure etc.<br> <h3 style="color:blue"><b>Special Conditions</b></h3> <ol> <li>Directors and the Company shall give to underwriters immediate notice in writing of any claim</li><br> <li>Directors and the Company shall not disclose to anyone the existence of the policy without underwrites' consent</li><br> <li>Directors of the Company shall not be required to contest any legal proceedings Counsel shall advise that such proceedings should be contested.</li><br> <li>Underwriters shall not settle any claim without the consents of the Directors or the Company</li><br> </ol> <br><br><br><br><br><br><br> <a href="/alfresco/download/direct?path=/Company%20Home/Guest%20Home/OICLWebsite/Directors_and_Officers_Liability.pdf" align=right target="_blank"><b><u>Click Here To Download</u></b></a><br><br><br><br><br><br><br><br> </td> </tr> </table> </td> </tr> </table> </BODY> </HTML>