{"uin":"IRDAN115CP0059V01201920","name":"Directors and Officers Liability Insurance","url":"https://indiainsurances.com/policy/icici-lombard-general-insurance/directors-and-officers-liability-insurance-irdan115cp0059v01201920","insurer":{"slug":"icici-lombard-general-insurance","name":"ICICI LOMBARD General Insurance Company Limited","url":"https://indiainsurances.com/insurer/icici-lombard-general-insurance"},"line":"general","category":"liability","category_name":"Liability","irdai_type":"Main product","kind":"product","status":"active","approved_on":"2016-11-21","withdrawn_on":null,"summary":"Directors and Officers Liability Insurance covers claims first made during the policy period for wrongful acts, including insured person loss, company reimbursement and company securities cover. Claim notice must be given as soon as practicable during the policy period, and retail claim decisions are stated as within 7 days of the assessment sheet or survey report.","analysis":{"state":"machine","analysed_at":"2026-10-20 09:11:47.023645+00","note":"First pass: one AI reading; every stated fact carries a verbatim quote found in the cited clause, but it has not been reviewed. Check the clause before relying on it."},"facts":[{"key":"plan_variants","label":"Plans and variants","section":"Overview","meaning":"The named plans inside this product (not cover types or payout options). Facts can differ between them.","status":"not-stated","value":null,"display":null,"note":"The documents describe insuring clauses and extensions, but do not name plan variants.","quote":null,"sources":[],"law":[]},{"key":"policy_term","label":"Policy term","section":"Eligibility","meaning":"How long one policy runs before it ends or must be renewed.","status":"not-stated","value":null,"display":null,"note":"The policy period is specified in Item 3 of the Schedule, but the specimen documents do not print a fixed duration.","quote":null,"sources":[],"law":[]},{"key":"claim_intimation","label":"Claim intimation deadline","section":"Claims","meaning":"How soon you must tell the insurer about a claim or hospitalisation.","status":"quote-verified","value":"Written notice of circumstances or any claim must be given as soon as practicable and in any case during the Policy Period or Discovery Period, if applicable. Written notice must also be given not later than 30 days from the end of the Policy Period or Discovery Period.","display":"As soon as practicable during the Policy Period or Discovery Period; written notice not later than 30 days from the end of that period","note":null,"quote":"any Claim made against the Insured,\nas soon as practicable and in any case, during the Policy Period (or Discovery Period, if applicable). ... Written notice shall be given to the Insurer at the address specified in the Schedule as soon as reasonably practicable but not later than 30 days from the end of the Policy Period or Discovery Period","sources":[{"clause":"6.1","heading":null,"page":13,"url":"https://indiainsurances.com/policy/icici-lombard-general-insurance/directors-and-officers-liability-insurance-irdan115cp0059v01201920/document/20154#c-6-1"}],"law":[{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 20, 21","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"claim_documents","label":"Claim documents","section":"Claims","meaning":"Documents the insurer asks for when you claim.","status":"quote-verified","value":["Claim bill / Claim Form duly filled up","Photographs / Video of damaged property/item under claim","Document/s in support of admissibility of the claim","FIR / Final Police investigation report wherever applicable","repair/ replacement quotation, invoice and payment proofs for each and every item as claimed","documents substantiating the quantum & value of the items under claim","Offer for retention of salvage, if any","KYC / NEFT Details as per AML guidelines","Invoice copy / Goods Receipt Note / Monetary Claim on carrier / Damage Certificate","Any other document which may be specified by the surveyor post completion of Initial survey"],"display":"Claim form, admissibility documents, FIR where applicable, KYC/NEFT details and other listed claim documents","note":null,"quote":"List of documents which are necessary and relevant to the claim are as below: 1.Claim bill / Claim Form duly filled up 2.Photographs / Video of damaged property/item under claim 3.Document/s in support of admissibility of the claim, for instance, all proceedings filed before the courts, communications exchanged with the insured, invoices, payment proofs, internal /external investigation report of the insured, Insureds counsel opinion on merits and demerits of the case, insured counsel engagement letter etc. 4.FIR / Final Police investigation report wherever applicable 5.For items which are to be repaired or reinstated, repair/ replacement quotation, invoice and payment proofs for each and every item as claimed. 6.For items which are under claim & not to be repaired or reinstated, documents substantiating the quantum & value of the items under claim 7.Offer for retention of salvage, if any 8.KYC / NEFT Details as per AML guidelines 9.Invoice copy / Goods Receipt Note / Monetary Claim on carrier / Damage Certificate 10.Any other document which may be specified by the surveyor post completion of Initial survey","sources":[{"clause":"6.25","heading":null,"page":18,"url":"https://indiainsurances.com/policy/icici-lombard-general-insurance/directors-and-officers-liability-insurance-irdan115cp0059v01201920/document/20154#c-6-25"}],"law":[{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 17","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 22","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 23","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.3(iii)","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"claim_settlement_time","label":"Claim settlement time promised","section":"Claims","meaning":"How quickly the policy says a claim is decided or paid, and from when that is counted (intimation or last document).","status":"quote-verified","value":"Assessment sheet or survey report will be furnished within 15 days of receipt of claim form and documents. The claim will be decided within 7 days of receipt of the assessment sheet or survey report, as applicable, for retail policyholders.","display":"Assessment sheet/survey report within 15 days of claim form and documents; claim decided within 7 days of assessment sheet/survey report","note":"The 7-day claim decision wording is stated as applicable to retail policyholders.","quote":"7 Turnaround Time (TAT): Assessment sheet /Survey report will be furnished within 15\ndays of receipt of claim form and documents. Claim will be decided within 7 days of receipt of the assessment sheet / survey report, as applicable (Applicable to Retail policyholder).","sources":[{"clause":"7","heading":"Turnaround Time (TAT): Assessment sheet /Survey report will be furnished within 15","page":19,"url":"https://indiainsurances.com/policy/icici-lombard-general-insurance/directors-and-officers-liability-insurance-irdan115cp0059v01201920/document/20154#c-7"}],"law":[{"title":"The Insurance Act, 1938","section":"Section 64UM(4) to (6)","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on General Insurance Business, 2024","section":"Ch I, Para 10","url":"https://indiainsurances.com/law/irdai-general-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 15","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 16","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 22","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.3(i), V.3(ii)","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.3(iii)","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.4","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 23","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"The Motor Vehicles Act, 1988: Chapter XI, insurance of motor vehicles against third party risks","section":"Section 149","url":"https://indiainsurances.com/law/motor-vehicles-act-1988"}]},{"key":"exclusions_main","label":"Main exclusions","section":"Exclusions","meaning":"What the policy does not pay for, in the policy's own words.","status":"quote-verified","value":["Bodily injury and property damage","Change of Control","Crime, Fraud and Personal Conduct","Insured Person ’s Costs","Insured versus Insured Claims","Major shareholder s","Offering of Securities","Pollution","Prior Acts Exclusion","Prior and Pending Litigation","Professiona l Services","Radioactivi ty /Nuclear Energy","SEC Exclusion","Statutory Liability"],"display":"Bodily injury and property damage; Change of Control; Crime, Fraud and Personal Conduct; Insured Person’s Costs; Insured versus Insured Claims; Major shareholders; Offering of Securities; Pollution; Prior Acts Exclusion; Prior and Pending Litigation; Professional Services; Radioactivity/Nuclear Energy; SEC Exclusion; Statutory Liability","note":null,"quote":"The Insurer shall not be liable to make any payment under the Policy for any Loss: ... Bodily injury and property damage | For bodily injury, sickness, disease, death or emotional distress or disturbance; or damage to, destruction, impairment or loss of use of any property. ... Change of Control | Based upon, arising out of, or in any manner involving a Wrongful Act committed after the effective date of a Change of Control. ... Crime, Fraud and Personal Conduct | Based upon, arising out of, or in any manner involving: (a) any financial gain, payment, advantage or profit to which the Insured was not legally entitled; or (b) the committing of any dishonest or fraudulent act. ... Insured Person ’s Costs | In respect of salaries, wages, personal expenses, benefits or overhead expenses of an Insured Person. ... Insured versus Insured Claims | Based upon, arising out of, or in any manner involving any Claim, which is made by or on behalf of any Insured in the United States of America or its territories. ... Major shareholder s | In respect of a Claim made by any individual or entity that owns or controls (whether beneficially, directly or indirectly) more than the percentage as mentioned in Item 10 of the schedule of the Company’s issued share capital. ... Offering of Securities | Based upon, arising out of, or in any manner involving any public/ private offering of Securities by the Company. ... Pollution | Based upon, arising out of, or in any manner involving the actual, alleged or likely discharge, emission, release, treatment or removal of Pollutants; ... Prior Acts Exclusion | Based upon, arising out of, or in any manner involving a Wrongful Act occurring before the Prior Acts exclusion date mentioned in Item 12 of the Schedule. ... Prior and Pending Litigation | Based upon, arising out of, or in any manner involving any (a) claim or circumstances notified to any policy of which this policy is a renewal or replacement or (b) pending or prior civil, criminal, administrative or regulatory proceeding, investigation, ... Professiona l Services | Based upon, arising out of, or in any manner involving actual or alleged breach of any professional duty and/or services owed by the Insured. ... Radioactivi ty /Nuclear Energy | Based upon, arising out of, or in any manner involving nuclear energy or radioactivity of any kind. ... SEC Exclusion | Based upon, arising out of or in any way involving the actual or alleged violation of any of the provisions of the Securities Act of 1933, the Securities Exchange Act of 1934, or any amendment or re-enactment thereof. ... Statutory Liability | Based upon, arising out of, or in any manner involving the responsibilities, obligations or duties imposed regarding employment benefits for Insured Persons by any applicable statutory and regulatory provisions of any territorial, state or local statutory law or common law or common law, except in relation to Employment Practices Wrongful Act.","sources":[{"clause":null,"heading":"4 Exclusions","page":11,"url":"https://indiainsurances.com/policy/icici-lombard-general-insurance/directors-and-officers-liability-insurance-irdan115cp0059v01201920/document/20154#c-4-exclusions"},{"clause":"4.1","heading":null,"page":11,"url":"https://indiainsurances.com/policy/icici-lombard-general-insurance/directors-and-officers-liability-insurance-irdan115cp0059v01201920/document/20154#c-4-1"},{"clause":"4.2","heading":null,"page":11,"url":"https://indiainsurances.com/policy/icici-lombard-general-insurance/directors-and-officers-liability-insurance-irdan115cp0059v01201920/document/20154#c-4-2"},{"clause":"4.3","heading":null,"page":11,"url":"https://indiainsurances.com/policy/icici-lombard-general-insurance/directors-and-officers-liability-insurance-irdan115cp0059v01201920/document/20154#c-4-3"},{"clause":"4.4","heading":null,"page":12,"url":"https://indiainsurances.com/policy/icici-lombard-general-insurance/directors-and-officers-liability-insurance-irdan115cp0059v01201920/document/20154#c-4-4"},{"clause":"4.5","heading":null,"page":12,"url":"https://indiainsurances.com/policy/icici-lombard-general-insurance/directors-and-officers-liability-insurance-irdan115cp0059v01201920/document/20154#c-4-5"},{"clause":"4.6","heading":null,"page":12,"url":"https://indiainsurances.com/policy/icici-lombard-general-insurance/directors-and-officers-liability-insurance-irdan115cp0059v01201920/document/20154#c-4-6"},{"clause":"4.7","heading":null,"page":12,"url":"https://indiainsurances.com/policy/icici-lombard-general-insurance/directors-and-officers-liability-insurance-irdan115cp0059v01201920/document/20154#c-4-7"},{"clause":"4.8","heading":null,"page":12,"url":"https://indiainsurances.com/policy/icici-lombard-general-insurance/directors-and-officers-liability-insurance-irdan115cp0059v01201920/document/20154#c-4-8"},{"clause":"4.9","heading":null,"page":12,"url":"https://indiainsurances.com/policy/icici-lombard-general-insurance/directors-and-officers-liability-insurance-irdan115cp0059v01201920/document/20154#c-4-9"},{"clause":"4.10","heading":null,"page":12,"url":"https://indiainsurances.com/policy/icici-lombard-general-insurance/directors-and-officers-liability-insurance-irdan115cp0059v01201920/document/20154#c-4-10"},{"clause":"4.11","heading":null,"page":12,"url":"https://indiainsurances.com/policy/icici-lombard-general-insurance/directors-and-officers-liability-insurance-irdan115cp0059v01201920/document/20154#c-4-11"},{"clause":"4.12","heading":null,"page":13,"url":"https://indiainsurances.com/policy/icici-lombard-general-insurance/directors-and-officers-liability-insurance-irdan115cp0059v01201920/document/20154#c-4-12"},{"clause":"4.13","heading":null,"page":13,"url":"https://indiainsurances.com/policy/icici-lombard-general-insurance/directors-and-officers-liability-insurance-irdan115cp0059v01201920/document/20154#c-4-13"},{"clause":"4.14","heading":null,"page":13,"url":"https://indiainsurances.com/policy/icici-lombard-general-insurance/directors-and-officers-liability-insurance-irdan115cp0059v01201920/document/20154#c-4-14"}],"law":[{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 11","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 16","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"grievance","label":"Grievance route","section":"Claims","meaning":"Who to complain to first, as stated in the policy, before going to the Insurance Ombudsman.","status":"quote-verified","value":"For any query or grievance, the insured may contact the respective branch office, call 1800-2666, or use the Grievance Redressal subsection on the insurer’s website before approaching IRDAI or the Insurance Ombudsman.","display":"Branch office, 1800-2666, or Grievance Redressal on www.icicilombard.com","note":null,"quote":"For resolution of any query or grievance, Insured may contact the respective branch office of the Company or may call toll free no.1800-2666 or may approach us at the sub section “Grievance Redressal” on our website www.icicilombard.com (Customer Support section). However, if the resolution provided by us is not satisfactory you may approach Insurance Regulatory and Development Authority of India (IRDAI)","sources":[{"clause":"7","heading":"Turnaround Time (TAT): Assessment sheet /Survey report will be furnished within 15","page":19,"url":"https://indiainsurances.com/policy/icici-lombard-general-insurance/directors-and-officers-liability-insurance-irdan115cp0059v01201920/document/20154#c-7"}],"law":[{"title":"Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021","section":"Rule 3","url":"https://indiainsurances.com/law/consumer-jurisdiction-rules-2021"},{"title":"Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021","section":"Rule 4","url":"https://indiainsurances.com/law/consumer-jurisdiction-rules-2021"},{"title":"Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021","section":"Rule 5","url":"https://indiainsurances.com/law/consumer-jurisdiction-rules-2021"},{"title":"The Consumer Protection Act, 2019","section":"Section 2(11)","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Consumer Protection Act, 2019","section":"Section 2(42)","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Consumer Protection Act, 2019","section":"Section 34","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Consumer Protection Act, 2019","section":"Section 69","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Insurance Act, 1938","section":"Section 38","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on General Insurance Business, 2024","section":"Ch I, Para 12","url":"https://indiainsurances.com/law/irdai-general-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 19","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 20","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 13","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 2","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 5(5), 5(6)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 5(9)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 25","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, VI.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, VI.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, VI.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 26","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule III, Para 11","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"Review of revision in premium rates under health insurance policies for senior citizens, 2025","section":"Para 3","url":"https://indiainsurances.com/law/irdai-senior-premium-2025"},{"title":"Insurance Ombudsman Rules, 2017","section":"Rule 13","url":"https://indiainsurances.com/law/ombudsman-rules-2017"},{"title":"Insurance Ombudsman Rules, 2017","section":"Rule 14","url":"https://indiainsurances.com/law/ombudsman-rules-2017"}]},{"key":"perils","label":"What is covered","section":"Cover","meaning":"The events or risks covered.","status":"quote-verified","value":["Claims which are first made during the Policy Period (or a Discovery Period, if applicable) and reported to the Insurer","Loss of an Insured Person for a Wrongful Act","Loss of Company for a Wrongful Act","Loss of the Company arising from a Wrongful Act"],"display":"Claims first made during the Policy Period or Discovery Period for insured person loss, company reimbursement and company securities cover arising from Wrongful Acts","note":null,"quote":"The following insurance covers are solely for Claims which are first made during the Policy Period (or a Discovery Period, if applicable) and reported to the Insurer as required under this Policy. ... Insured Person | The Insurer will pay the Loss of an Insured Person for a Wrongful Act, except to the extent that the Insured Person has been indemnified by the Company for the Loss. ... Company Reimbursemen t | The Insurer will reimburse the Loss of Company for a Wrongful Act , to the extent that the Company has indemnified an Insured Person. ... Company Securities Cover | The Insurer will pay the Loss of the Company arising from a Wrongful Act.","sources":[{"clause":null,"heading":"Scope of Cover","page":3,"url":"https://indiainsurances.com/policy/icici-lombard-general-insurance/directors-and-officers-liability-insurance-irdan115cp0059v01201920/document/20154#c-scope-of-cover"},{"clause":"1.1","heading":null,"page":3,"url":"https://indiainsurances.com/policy/icici-lombard-general-insurance/directors-and-officers-liability-insurance-irdan115cp0059v01201920/document/20154#c-1-1"},{"clause":"1.2","heading":null,"page":3,"url":"https://indiainsurances.com/policy/icici-lombard-general-insurance/directors-and-officers-liability-insurance-irdan115cp0059v01201920/document/20154#c-1-2"},{"clause":"1.3","heading":null,"page":3,"url":"https://indiainsurances.com/policy/icici-lombard-general-insurance/directors-and-officers-liability-insurance-irdan115cp0059v01201920/document/20154#c-1-3"}],"law":[]},{"key":"deductible","label":"Deductible or excess","section":"Limits and co-pay","meaning":"Amount of each claim you bear.","status":"not-stated","value":null,"display":null,"note":"The wording refers to the Retention amount stated in Item 9 of the Schedule, but the specimen schedule does not print an amount.","quote":null,"sources":[],"law":[]},{"key":"cancellation_refund","label":"Cancellation by you","section":"Renewal and rights","meaning":"What you get back if you cancel during the year.","status":"conflicting","value":"The policyholder may cancel by giving 30 days written notice. The insurer refunds premium for the unexpired policy period at short period scales, retaining 35% for 1 to 90 days in force, 65% for 91-180 days, 80% for 181-270 days and 100% above 270 days; no refund is given if a claim or circumstance is reported.","display":"30 days’ written notice; insurer retains 35% for 1 to 90 days, 65% for 91-180 days, 80% for 181-270 days and 100% above 270 days; no refund if a claim/circumstance is reported","note":"The prospectus says: 'The Insured can cancel the policy at any time during the term, by informing the company.' It also says the company shall 'refund proportion premium for unexpired policy period, if the term of the policy is upto one year and there is no claim(s) made during the policy period.'","quote":"The Policyholder may cancel the Policy by giving 30 days notice in writing to the Insurer and the Insurer shall refund premium for the unexpired Policy Period at the short period scales specified below. Days insurance in force Percent of the annual premium retained by Insurer 1 to 90 35% 91-180 65% 181-270 80% Above 270 100% ... The Policyholder will not get any cancellation refund in case there is a Claim/circumstance reported under the Policy.","sources":[{"clause":"6.17","heading":null,"page":17,"url":"https://indiainsurances.com/policy/icici-lombard-general-insurance/directors-and-officers-liability-insurance-irdan115cp0059v01201920/document/20154#c-6-17"},{"clause":"3(iii)","heading":null,"page":7,"url":"https://indiainsurances.com/policy/icici-lombard-general-insurance/directors-and-officers-liability-insurance-irdan115cp0059v01201920/document/20918#c-3-iii"}],"law":[{"title":"The Insurance Act, 1938","section":"Section 64VB","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on General Insurance Business, 2024","section":"Ch I, Para 8","url":"https://indiainsurances.com/law/irdai-general-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 6","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 5","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 17","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 20(3) to 20(5)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, III.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, IV.4","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, IV.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"territory","label":"Where it covers","section":"Overview","meaning":"Geographic area of cover: India only, worldwide, or listed countries. 'As stated in the schedule' is not an answer.","status":"quote-verified","value":"For Insuring Clauses 1.1 and 1.2, the territorial scope and jurisdiction is Worldwide Including USA/Canada. The specimen schedule does not print the territory for Insuring Clause 1.3.","display":"Worldwide Including USA/Canada for Insuring Clauses 1.1 and 1.2","note":"For Insuring Clause 1.3, Item 15 is left to the schedule and no specific territory is printed in the specimen.","quote":"Item 15 | Territorial Scope and Jurisdiction | For Insuring Clause 1.1 & 1.2 - Worldwide Including USA/Canada For Insuring Clause 1.3 ... Territorial Scope and Jurisdiction | This Policy applies only to Claims made in the jurisdiction specified in Item 15 of the Schedule.","sources":[{"clause":null,"heading":"DIRECTORS AND OFFICERS LIABILITY INSURANCE","page":1,"url":"https://indiainsurances.com/policy/icici-lombard-general-insurance/directors-and-officers-liability-insurance-irdan115cp0059v01201920/document/20154#c-directors-and-officers-liability-insurance"},{"clause":"6.22","heading":null,"page":17,"url":"https://indiainsurances.com/policy/icici-lombard-general-insurance/directors-and-officers-liability-insurance-irdan115cp0059v01201920/document/20154#c-6-22"}],"law":[]},{"key":"liability_limit","label":"Limit of indemnity","section":"Cover","meaning":"Most paid per claim and per year.","status":"not-stated","value":null,"display":null,"note":"The wording defines the Limit of Liability as the amount specified at Item 4 of the Schedule, but the specimen schedule does not print an amount.","quote":null,"sources":[],"law":[]},{"key":"retroactive_date","label":"Retroactive date","section":"Cover","meaning":"Claims from events before this date are not covered.","status":"not-stated","value":null,"display":null,"note":"The policy uses a Prior Acts exclusion date mentioned in Item 12 of the Schedule, but the specimen schedule does not print a specific date.","quote":null,"sources":[],"law":[]}],"documents":[{"kind":"wording","label":"Directors and Officers Liability Insurance","pages":22,"fetched_at":"2026-10-20 02:20:05+00","source_url":"https://www.icicilombard.com/docs/default-source/default-document-library/directors-and-officers-liability-insurance-commercial8c0007ff45fd68ff8a0df0055fa02dc2.pdf","url":"https://indiainsurances.com/policy/icici-lombard-general-insurance/directors-and-officers-liability-insurance-irdan115cp0059v01201920/document/20154"},{"kind":"wording","label":"Directors and Officers Liability Insurance (IRDAI copy)","pages":25,"fetched_at":"2026-10-20 00:30:29+00","source_url":"https://irdai.gov.in/documents/37343/993134/IRDAN115RP0001V01200607_GEN2481.pdf/f387f11d-b467-a66e-c287-5be793773dfb?version=1.1&t=1668600925118&download=true","url":"https://indiainsurances.com/policy/icici-lombard-general-insurance/directors-and-officers-liability-insurance-irdan115cp0059v01201920/document/23710"},{"kind":"prospectus","label":"Directors & Officer Insurance - Commercial","pages":9,"fetched_at":"2026-10-20 02:59:07+00","source_url":"https://www.icicilombard.com/docs/default-source/downloads/34-prospectus-directors-and-officers-liability-insurance---commercial.pdf","url":"https://indiainsurances.com/policy/icici-lombard-general-insurance/directors-and-officers-liability-insurance-irdan115cp0059v01201920/document/20918"}],"versions":[{"uin":"IRDAN115RP0001V01200607","version":null,"approved_on":null},{"uin":"IRDAN115CP0059V01201920","version":null,"approved_on":null}],"where_to_buy":[{"purpose":"buy","kind":"insurer","name":"ICICI LOMBARD General Insurance official website","url":"https://www.icicilombard.com","note":"Website as listed by IRDAI. Not checked: the site blocks automated requests (bot wall) for our crawler on 2026-10-19; we do not bypass walls."},{"purpose":"buy","kind":"ours","name":"Get free help from IndiaInsurances","url":"/help","note":"Free. We do not sell insurance and earn no commission; your request is not passed to anyone."}],"claims_and_complaints":[{"purpose":"claim","kind":"ours","name":"Get free help from IndiaInsurances","url":"/help","note":"Free. We do not sell insurance and earn no commission; your request is not passed to anyone."},{"purpose":"grievance","kind":"official","name":"Bima Bharosa (IRDAI grievance portal)","url":"https://bimabharosa.irdai.gov.in/","note":"Register and track a complaint against any insurer with IRDAI. Complain to the insurer first; escalate here if the reply is late or unsatisfactory."},{"purpose":"grievance","kind":"official","name":"e-Daakhil (consumer commission e-filing)","url":"https://edaakhil.nic.in/","note":"Not reachable from our crawler on 2026-10-19; use e-Jagriti if this link does not open."},{"purpose":"grievance","kind":"official","name":"e-Jagriti (consumer commission filing)","url":"https://e-jagriti.gov.in/","note":"Ministry of Consumer Affairs platform for consumer commission cases, a route for insurance disputes that the Ombudsman does not settle."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Ahmedabad","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Gujarat, Dadra & Nagar Haveli, Daman and Diu. Email: oio.ahmedabad@cioins.co.in. Phone: 079 - 25501201/02. Address: Office of the Insurance Ombudsman, Jeevan Prakash Building, 6th floor, Tilak Marg, Relief Road, AHMEDABAD – 380 001."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Bengaluru","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Karnataka. Email: oio.bengaluru@cioins.co.in. Phone: 080 - 26652048 / 26652049. Address: Office of the Insurance Ombudsman, Jeevan Soudha Building,PID No. 57-27-N-19 Ground Floor, 19/19, 24th Main Road, JP Nagar, Ist Phase, Bengaluru – 560 078."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Bhopal","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Madhya Pradesh, Chhattisgarh. Email: oio.bhopal@cioins.co.in. Phone: 0755 - 2769201 / 2769202 / 2769203. Address: Office of the Insurance Ombudsman, 1st floor,\"Jeevan Shikha\", 60-B,Hoshangabad Road, Opp. Gayatri Mandir,Arera Hills Bhopal – 462 011."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Bhubaneswar","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Odisha. Email: oio.bhubaneswar@cioins.co.in. Phone: 0674 - 2596461 /2596455/2596429/2596003. Address: Office of the Insurance Ombudsman, 62, Forest park, Bhubaneswar – 751 009."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Chandigarh","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Punjab, Haryana (excluding Gurugram, Faridabad, Sonepat and Bahadurgarh), Himachal Pradesh, Union Territories of Jammu & Kashmir,Ladakh & Chandigarh. Email: oio.chandigarh@cioins.co.in. Phone: 0172-2706468. Address: Office Of The Insurance Ombudsman, Jeevan Deep Building SCO 20-27, Ground Floor Sector- 17 A, Chandigarh – 160 017."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Chennai","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Tamil Nadu, PuducherryTown and Karaikal (which are part of Puducherry). Email: oio.chennai@cioins.co.in. Phone: 044 - 24333668 / 24333678. Address: Office of the Insurance Ombudsman, Fatima Akhtar Court, 4th Floor, 453, Anna Salai, Teynampet, CHENNAI – 600 018."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Delhi","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Delhi & following Districts of Haryana - Gurugram, Faridabad, Sonepat & Bahadurgarh. Email: oio.delhi@cioins.co.in. Phone: 011 - 46013992/23213504/23232481. Address: Office of the Insurance Ombudsman, 2/2 A, Universal Insurance Building, Asaf Ali Road, New Delhi – 110 002."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Guwahati","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Assam, Meghalaya, Manipur, Mizoram, Arunachal Pradesh, Nagaland and Tripura. Email: oio.guwahati@cioins.co.in. Phone: 0361 - 2632204 / 2602205 / 2631307. Address: Office of the Insurance Ombudsman, Jeevan Nivesh, 5th Floor, Near Pan Bazar , S.S. Road, Guwahati – 781001(ASSAM)."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Hyderabad","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Andhra Pradesh, Telangana, Yanam and part of Union Territory of Puducherry. Email: oio.hyderabad@cioins.co.in. Phone: 040 - 23312122 / 23376991 / 23376599 / 23328709 / 23325325. Address: Office of the Insurance Ombudsman, 6-2-46, 1st floor, \"Moin Court\", Lane Opp.Hyundai Showroom , A. C. Guards, Lakdi-Ka-Pool, Hyderabad - 500 004."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Jaipur","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Rajasthan. Email: oio.jaipur@cioins.co.in. Phone: 0141- 2740363. Address: Office of the Insurance Ombudsman, Jeevan Nidhi – II Bldg., Gr. Floor, Bhawani Singh Marg, Jaipur - 302 005."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Kochi","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Kerala, Lakshadweep, Mahe-a part of Union Territory of Puducherry. Email: oio.ernakulam@cioins.co.in. Phone: 0484 - 2358759. Address: Office of the Insurance Ombudsman, 10th Floor, Jeevan Prakash,LIC Building, Opp to Maharaja's College Ground,M.G.Road, Kochi - 682 011."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Kolkata","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: West Bengal, Sikkim, Andaman & Nicobar Islands. Email: oio.kolkata@cioins.co.in. Phone: 033 - 22124339 / 22124341. Address: Office of the Insurance Ombudsman, Hindustan Bldg. Annexe, 7th Floor, 4, C.R. Avenue, KOLKATA - 700 072."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Lucknow","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Districts of Uttar Pradesh : Lalitpur, Jhansi, Mahoba, Hamirpur, Banda, Chitrakoot, Allahabad, Mirzapur, Sonbhabdra, Fatehpur, Pratapgarh, Jaunpur,Varanasi, Gazipur, Jalaun, Kanpur, Lucknow, Unnao, Sitapur, Lakhimpur, Bahraich, Barabanki, Raebareli, Sravasti, Gonda, Faizabad, Amethi, Kaushambi, Balrampur, Basti, Ambedkarnagar, Sultanpur, Maharajgang, Santkabirnagar, Azamgarh, Kushinagar, Gorkhpur, Deoria, Mau, Ghazipur, Chandauli, Ballia, Sidharathnagar. Email: oio.lucknow@cioins.co.in. Phone: 0522 - 4002082 / 3500613. Address: Office of the Insurance Ombudsman, 6th Floor, Jeevan Bhawan, Phase-II, Nawal Kishore Road, Hazratganj, Lucknow - 226 001."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Mumbai","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: List of wards under Mumbai Metropolitan Region excluding wards in Mumbai – i.e M/E, M/W, N , S and T covered under Office of Insurance Ombudsman Thane and excluding areas of Navi Mumbai. Email: oio.mumbai@cioins.co.in. Phone: 022 - 69038800/27/29/31/32/33. Address: Office of the Insurance Ombudsman, 3rd Floor, Jeevan Seva Annexe, S. V. Road, Santacruz (W), Mumbai - 400 054."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Noida","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: State of Uttarakhand and the following Districts of Uttar Pradesh: Agra, Aligarh, Bagpat, Bareilly, Bijnor, Budaun, Bulandshehar, Etah, Kannauj, Mainpuri, Mathura, Meerut, Moradabad, Muzaffarnagar, Oraiyya, Pilibhit, Etawah, Farrukhabad, Firozbad, Gautam Buddh nagar, Ghaziabad, Hardoi, Shahjahanpur, Hapur, Shamli, Rampur, Kashganj, Sambhal, Amroha, Hathras, Kanshiramnagar, Saharanpur. Email: oio.noida@cioins.co.in. Phone: 0120-4027589. Address: Office of the Insurance Ombudsman, Bhagwan Sahai Palace 4th Floor, Main Road, Naya Bans, Sector 15, Distt: Gautam Buddh Nagar, U.P-201301."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman: offices and jurisdiction","url":"https://www.cioins.co.in/Ombudsman","note":"Addresses, phone numbers, e-mail and the states or districts each Ombudsman office covers."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Patna","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Bihar, Jharkhand. Email: oio.patna@cioins.co.in. Phone: 0612-2547068. Address: Office of the Insurance Ombudsman, 2nd Floor, Lalit Bhawan, Bailey Road, Patna 800 001."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Pune","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: State of Goa and State of Maharashtra excluding areas of Navi Mumbai, Thane district,Palghar District, Raigad district & Mumbai Metropolitan Region. Email: oio.pune@cioins.co.in. Phone: 020-24471175. Address: Office of the Insurance Ombudsman, Jeevan Darshan Bldg., 3rd Floor, C.T.S. No.s. 195 to 198, N.C. Kelkar Road, Narayan Peth, Pune – 411 030."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman: register a complaint online","url":"https://cioins.co.in/Complaint/Online","note":"Council for Insurance Ombudsmen. Free. For disputes with an insurer after its own grievance process; the office is chosen by where you live (see the offices list)."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Thane","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Area of Navi Mumbai, Thane District, Raigad District, Palghar District and wards of Mumbai , M/East, M/West, N, S and T. Email: oio.thane@cioins.co.in. Phone: 022-20812868/69. Address: Office of the Insurance Ombudsman, Jeevan Chintamani Building, 2nd Floor,Near New RTO Office, Louis Wadi,Vasantrao Naik Mahamarg, Thane (West)- 400604."},{"purpose":"grievance","kind":"official","name":"National Consumer Helpline","url":"https://consumerhelpline.gov.in/public/","note":"Government consumer helpline; can take up a complaint before you go to a consumer commission."},{"purpose":"port","kind":"ours","name":"Get free help from IndiaInsurances","url":"/help","note":"Free. We do not sell insurance and earn no commission; your request is not passed to anyone."}],"notice":"Information, not advice. IndiaInsurances is not an insurer or an insurance intermediary, does not sell insurance and earns no commission. Policy terms change and your own policy schedule can differ: always confirm with the policy document and the insurer before you buy or claim.","cite_as":"Directors and Officers Liability Insurance (UIN IRDAN115CP0059V01201920), IndiaInsurances, https://indiainsurances.com/policy/icici-lombard-general-insurance/directors-and-officers-liability-insurance-irdan115cp0059v01201920"}