{"uin":"IRDAN132CPLB0013V01201718","name":"Public Offering of Securities Insurance","url":"https://indiainsurances.com/policy/generali-central-insurance/public-offering-of-securities-insurance-irdan132cplb0013v01201718","insurer":{"slug":"generali-central-insurance","name":"Generali Central Insurance Company Limited","url":"https://indiainsurances.com/insurer/generali-central-insurance"},"line":"general","category":"other-general","category_name":"Other general insurance","irdai_type":"Main product","kind":"product","status":"active","approved_on":"2017-06-30","withdrawn_on":null,"summary":"Public Offering of Securities Insurance covers Offering Claims first made against the insured during the policy period and reported as required by the policy. It includes cover for individuals, company reimbursement, entity coverage, underwriter reimbursement, controlling shareholders and selling shareholders, and cancellation by the insured is on thirty days’ notice with refund subject to the short-period scale and no refund if there has been a claim.","analysis":{"state":"machine","analysed_at":"2026-10-20 02:39:21.661499+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":"No named plan variants are stated; the wording lists covers rather than plans.","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 wording points to Item 2 of the Schedule for the Policy Period, but the schedule period is not printed.","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":"Notification must be provided as soon as practicable when an Offering Claim is made during the Policy Period. If the insured becomes aware of an Offering Claim or Circumstance in the 7 days before expiry, notification or written notice can be given within 14 days of expiry.","display":"As soon as practicable; 14 days after expiry if first aware in the 7 days before expiry","note":null,"quote":"As a condition precedent to Our liability, an Insured must provide Notification as soon as practicable of an Offering Claim being made against an Insured during the policy Period. However if any Insured becomes aware of an Offering Claim in the 7 days prior to the expiry of the Policy Period Notification can be given to Us within 14 days of the expiry of the Policy Period. ... However if any Insured becomes aware of any Circumstance in the 7 days prior to the expiry of the Policy Period written notice can be given to Us within 14 days of the expiry of the Policy Period.","sources":[{"clause":"6.1","heading":"Offering Claim Reporting - Condition Precedent","page":8,"url":"https://indiainsurances.com/policy/generali-central-insurance/public-offering-of-securities-insurance-irdan132cplb0013v01201718/document/6142#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":["sufficiently detailed invoices for those Costs"],"display":"sufficiently detailed invoices for those Costs","note":"No general claim document checklist is printed; the stated document is for defence Costs.","quote":"We will pay defence Costs within 21 days after sufficiently detailed invoices for those Costs being received and accepted by Us.","sources":[{"clause":"6.2","heading":"Defence and Settlement","page":8,"url":"https://indiainsurances.com/policy/generali-central-insurance/public-offering-of-securities-insurance-irdan132cplb0013v01201718/document/6142#c-6-2"}],"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":"Defence Costs are paid within 21 days after sufficiently detailed invoices are received and accepted. If there is a no-liability judgment or dismissal without payment, any deductible payments are reimbursed within 60 days.","display":"Defence Costs within 21 days after accepted invoices; deductible reimbursement within 60 days in stated no-liability or dismissal cases","note":"No general settlement time for all Loss is stated.","quote":"We will pay defence Costs within 21 days after sufficiently detailed invoices for those Costs being received and accepted by Us. ... A judgement which determines that no Insured under this Policy is liable and all avenues of appeal have been waived or exhausted; or\nb) A dismissal of the proceedings without any payment being made by or on behalf of any Insured under this Policy, then no Deductible will apply and We agree to reimburse any payments made in respect of the Deductible within 60 days.","sources":[{"clause":"6.2","heading":"Defence and Settlement","page":8,"url":"https://indiainsurances.com/policy/generali-central-insurance/public-offering-of-securities-insurance-irdan132cplb0013v01201718/document/6142#c-6-2"},{"clause":"5.2","heading":null,"page":8,"url":"https://indiainsurances.com/policy/generali-central-insurance/public-offering-of-securities-insurance-irdan132cplb0013v01201718/document/6142#c-5-2"}],"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":["Offering Claims or Circumstances notified to any policy of insurance which incepted prior to the inception of this Policy","proceedings which existed prior to or were pending at the earlier of the inception date of this Policy","Any criminal act or omission","Any act or omission committed with the knowledge that it was in breach of any statute, contract, duty or other legal obligation","The gain of any personal profit, remuneration or advantage to which You were not legally entitled","The committing of any deliberately dishonest or fraudulent act","an Underwriter carrying out, or failing to carry out a professional service"],"display":"Prior offering claims or proceedings; crime, fraud and personal benefit; underwriter professional indemnity","note":null,"quote":"Offering Claims arising from or attributable to any Offering Claims or Circumstances notified to any policy of insurance which incepted prior to the inception of this Policy or which arise from matters substantially the same as alleged or established in such Offering Claim or Circumstance; or\nOffering Claims arising from or attributable to proceedings which existed prior to or were pending at the earlier of the inception date of this Policy or which arise from matters substantially the same as alleged or established in such proceedings. ... Offering Claims arising from or attributable to: a) Any criminal act or omission; or\nb) Any act or omission committed with the knowledge that it was in breach of any statute, contract, duty or other legal obligation; or\nc) The gain of any personal profit, remuneration or advantage to which You were not legally entitled including, but not limited to, profits made from the purchase or sale of the Company's securities within the meaning of the Securities Exchange Act and/or any amendment to or re-enactment thereof; or\nd) The committing of any deliberately dishonest or fraudulent act. ... Offering Claims arising from or attributable to an Underwriter carrying out, or failing to carry out a professional service.","sources":[{"clause":"4.1","heading":"Prior Offering Claims","page":7,"url":"https://indiainsurances.com/policy/generali-central-insurance/public-offering-of-securities-insurance-irdan132cplb0013v01201718/document/6142#c-4-1"},{"clause":"4.2","heading":"Crime Fraud and Personal Benefit","page":7,"url":"https://indiainsurances.com/policy/generali-central-insurance/public-offering-of-securities-insurance-irdan132cplb0013v01201718/document/6142#c-4-2"},{"clause":"4.3","heading":"Underwriter Professional Indemnity","page":7,"url":"https://indiainsurances.com/policy/generali-central-insurance/public-offering-of-securities-insurance-irdan132cplb0013v01201718/document/6142#c-4-3"}],"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":"The insured may first contact the company through its website, toll-free numbers, email, courier to the Grievance Redressal Cell, or any branch. If not satisfied, the insured may contact the grievance officer before approaching the Insurance Ombudsman.","display":"Company website, toll-free numbers, email, courier or branch first; then grievance officer; then Insurance Ombudsman","note":null,"quote":"In case of any grievance the insured person may contact the company through Website: https://generalicentralinsurance.com Toll Free: 1800-220-233 / 1860-500-3333 / 022- 67837800 Email: GCIcare@generalicentral.com Courier: Grievance Redressal Cell, Generali Central Insurance Company Limited Unit No. 301, 3rd Floor Part, Building No. 8, Mindspace IT/ITES SEZ, MIDC Industrial Area, Airavali, Navi Mumbai, Thane District – 400 708. Insured person may also approach the grievance cell at any of the company's branches with the details of grievance. lf lnsured person is not satisfied with the redressal of grievance through one of the above methods, insured person may contact the grievance officer at GCIGRO@generalicentral.com or call at: 7900197777 ... lf lnsured person is not satisfied with the redressal of grievance through above methods, the insured person may also approach the office of lnsurance Ombudsman of the respective area/region for redressal of grievance as per lnsurance Ombudsman Rules 2017.","sources":[{"clause":null,"heading":"REDRESSAL OF GRIEVANCE","page":11,"url":"https://indiainsurances.com/policy/generali-central-insurance/public-offering-of-securities-insurance-irdan132cplb0013v01201718/document/6142#c-redressal-of-grievance"}],"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":["Loss incurred by You in respect of any Offering Claim","Loss paid by the Company on Your behalf in respect of any Offering Claim","Loss incurred by the Company arising from any Offering Claim","Loss on behalf of the Underwriter in respect of any Offering Claim","Loss incurred by a Controlling Shareholder arising from any Offering Claim","Loss incurred by a Selling Shareholder arising from any Offering Claim","retrospective consent to such Costs","fees and Costs incurred as a result of You instructing an appropriate consultancy","additional limit as specified in Item 5 of the Schedule per non-executive director","cost of obtaining any such advice from a lawyer","reasonable travel costs and living expenses incurred by You when giving evidence","bail bond premium or civil bond premium","costs fees and expenses incurred by You in appointing counsel","reasonable legal fees incurred by You in connection with an Offering Claim","additional notification period of Claims"],"display":"Offering Claims and additional covers for emergency costs, public relations, non-executive directors, mitigation, witness, personal liberty and property, interpretive counsel, official investigation and extended reporting","note":"Many limits are stated by reference to schedule items, which are not printed in the wording.","quote":"We will pay Loss incurred by You in respect of any Offering Claim first made against You during the Policy Period. ... If the Company pays Loss on Your behalf in respect of any Offering Claim first made against You during the Policy Period then We will pay such Loss on behalf of the Company. ... We will pay Loss incurred by the Company arising from any Offering Claim first made during the Policy Period ... If the Company and/or You pays Loss on behalf of the Underwriter in respect of any Offering Claim first made during the Policy Period pursuant to the Company or Your obligations assumed within the Underwriting Agreement then We will pay such Loss on behalf of the Company and/or You. ... We will pay Loss incurred by a Controlling Shareholder arising from any Offering Claim first made against that Controlling Shareholder during the Policy Period. ... We will pay Loss incurred by a Selling Shareholder arising from any Offering Claim first made against that Selling Shareholder during the Policy Period. ... We will give retrospective consent to such Costs up to the amount specified in Item 4 of the Schedule. ... We will reimburse reasonable fees and Costs incurred as a result of You instructing an appropriate consultancy up to a maximum limit as specified in Item 18 of the Schedule to this policy in the aggregate for all such Offering Claims. ... We agree that We will provide an additional limit as specified in Item 5 of the Schedule per non-executive director ... We agree to pay the cost of obtaining any such advice from a lawyer retained by You or the Company with Our consent up to the limit specified in Item 4 of the Schedule per request and subject to an aggregate limit as specified in Item 4 of the Schedule ... We will pay reasonable travel costs and living expenses incurred by You when giving evidence to defend an Offering Claim ... We will pay You up to a limit as specified in Item 4of the Schedule in respect of an Offering Claim made against You in any other jurisdiction for: ... Any bail bond premium or civil bond premium ... The reasonable costs fees and expenses incurred by You in appointing counsel in the jurisdiction in which You are based to interpret any advice received from counsel in a foreign jurisdiction for a Wrongful Act in response to an Offering Claim made in that jurisdiction; and ... We will pay reasonable legal fees incurred by You in connection with an Offering Claim; ... We agree to provide the Insured with an additional notification period of Claims which are first made against the Insured during the Period of Insurance provided that such Claims is notified to the Company within the Extending Reporting Period of 30 days, provided that policy period is only for 12 months.","sources":[{"clause":"1.1","heading":"Individual","page":1,"url":"https://indiainsurances.com/policy/generali-central-insurance/public-offering-of-securities-insurance-irdan132cplb0013v01201718/document/6142#c-1-1"},{"clause":"1.2","heading":"Company Reimbursement","page":1,"url":"https://indiainsurances.com/policy/generali-central-insurance/public-offering-of-securities-insurance-irdan132cplb0013v01201718/document/6142#c-1-2"},{"clause":"1.3","heading":"Entity Coverage","page":1,"url":"https://indiainsurances.com/policy/generali-central-insurance/public-offering-of-securities-insurance-irdan132cplb0013v01201718/document/6142#c-1-3"},{"clause":"1.4","heading":"Underwriter Reimbursement","page":1,"url":"https://indiainsurances.com/policy/generali-central-insurance/public-offering-of-securities-insurance-irdan132cplb0013v01201718/document/6142#c-1-4"},{"clause":"1.5","heading":"Controlling Shareholder","page":1,"url":"https://indiainsurances.com/policy/generali-central-insurance/public-offering-of-securities-insurance-irdan132cplb0013v01201718/document/6142#c-1-5"},{"clause":"1.6","heading":"Selling Shareholder","page":1,"url":"https://indiainsurances.com/policy/generali-central-insurance/public-offering-of-securities-insurance-irdan132cplb0013v01201718/document/6142#c-1-6"},{"clause":"2.1","heading":"Emergency Coast","page":1,"url":"https://indiainsurances.com/policy/generali-central-insurance/public-offering-of-securities-insurance-irdan132cplb0013v01201718/document/6142#c-2-1"},{"clause":"2.2(b)","heading":null,"page":2,"url":"https://indiainsurances.com/policy/generali-central-insurance/public-offering-of-securities-insurance-irdan132cplb0013v01201718/document/6142#c-2-2-b"},{"clause":"2.3","heading":"Non-Executive Directors Additional Limit of Liability","page":2,"url":"https://indiainsurances.com/policy/generali-central-insurance/public-offering-of-securities-insurance-irdan132cplb0013v01201718/document/6142#c-2-3"},{"clause":"2.4","heading":"Mitigation Cost","page":2,"url":"https://indiainsurances.com/policy/generali-central-insurance/public-offering-of-securities-insurance-irdan132cplb0013v01201718/document/6142#c-2-4"},{"clause":"2.5","heading":"Witness Cover","page":3,"url":"https://indiainsurances.com/policy/generali-central-insurance/public-offering-of-securities-insurance-irdan132cplb0013v01201718/document/6142#c-2-5"},{"clause":"2.6","heading":"Personal Liberty and Property Costs","page":3,"url":"https://indiainsurances.com/policy/generali-central-insurance/public-offering-of-securities-insurance-irdan132cplb0013v01201718/document/6142#c-2-6"},{"clause":"2.6(a)","heading":null,"page":3,"url":"https://indiainsurances.com/policy/generali-central-insurance/public-offering-of-securities-insurance-irdan132cplb0013v01201718/document/6142#c-2-6-a"},{"clause":"2.7(a)","heading":null,"page":3,"url":"https://indiainsurances.com/policy/generali-central-insurance/public-offering-of-securities-insurance-irdan132cplb0013v01201718/document/6142#c-2-7-a"},{"clause":"2.8","heading":"Official Investigation Costs","page":3,"url":"https://indiainsurances.com/policy/generali-central-insurance/public-offering-of-securities-insurance-irdan132cplb0013v01201718/document/6142#c-2-8"},{"clause":"2.9","heading":"Extended Reporting Period","page":4,"url":"https://indiainsurances.com/policy/generali-central-insurance/public-offering-of-securities-insurance-irdan132cplb0013v01201718/document/6142#c-2-9"}],"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 defines the deductible by reference to Item 7 of the Schedule, but no deductible amount is printed.","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":"quote-verified","value":"The insured may cancel by giving thirty days’ written notice. If there is no claim, the insurer retains premium on the short-period scale: 10% up to 7 days, 25% up to 30 days, 35% up to 60 days, 50% up to 90 days, 60% up to 120 days, 75% up to 180 days, 85% up to 240 days, and 100% exceeding 240 days; if there is any claim, no premium refund is allowed.","display":"Thirty days’ notice; short-period scale if no claim; no refund if any claim","note":null,"quote":"The Policy may also be cancelled by the You by giving thirty days’ notice in writing to the Company, in which event the Company will retain premium at short-period scale as per the following table provided there is no claim under the Policy during the period of Insurance. In case of any claim under the Policy no refund of premium shall be allowed ... Period of Risk (days up to) | Amount of premium to be retained by the Company\n7 | 10%\n30 | 25%\n60 | 35%\n90 | 50%\n120 | 60%\n180 | 75%\n240 | 85%\nExceeding 240 | 100%","sources":[{"clause":"6.6","heading":"Termination/Cancellation","page":9,"url":"https://indiainsurances.com/policy/generali-central-insurance/public-offering-of-securities-insurance-irdan132cplb0013v01201718/document/6142#c-6-6"},{"clause":null,"heading":"Table of Short Period Rates","page":9,"url":"https://indiainsurances.com/policy/generali-central-insurance/public-offering-of-securities-insurance-irdan132cplb0013v01201718/document/6142#c-table-of-short-period-rates"}],"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":"not-stated","value":null,"display":null,"note":"No geographic territory of cover is stated in the wording.","quote":null,"sources":[],"law":[]},{"key":"subject_covered","label":"What is insured","section":"Cover","meaning":"The thing or risk this policy covers.","status":"quote-verified","value":"The policy insures Claims first made against the Insured or Company during the policy period and reported as required, where the claim is an Offering Claim arising from a Wrongful Act in connection with an offering of securities.","display":"Claims first made against the Insured or Company during the policy period for Wrongful Acts in connection with an offering of securities","note":null,"quote":"The Insurance Cover under this Policy are afforded solely with respect to Claims first made against an You (Insured/Company) during the policy period and reported to the We/Our (Insurer, Generali Central Insurance Company Limited) as required by this policy. ... Offering Claim means:\na) Any written demands made against any Insured for monetary damages or other relief, including nonpecuniary relief arising from a Wrongful Act; or ... Wrongful Act means:\nAny actual or alleged error, misstatement, misleading statement, misrepresentation, omission, neglect, breach of duty, breach of warranty of authority or other act attempted or committed by any Insured in connection with an Offering. ... Offerings Means The offering of Securities as detailed within the Particulars.","sources":[{"clause":null,"heading":"PUBLIC OFFERING OF SECURITIES INSURANCE POLICY WORDING","page":1,"url":"https://indiainsurances.com/policy/generali-central-insurance/public-offering-of-securities-insurance-irdan132cplb0013v01201718/document/6142#c-public-offering-of-securities-insurance-policy-w"},{"clause":"3.11","heading":"Offering Claim","page":5,"url":"https://indiainsurances.com/policy/generali-central-insurance/public-offering-of-securities-insurance-irdan132cplb0013v01201718/document/6142#c-3-11"},{"clause":"3.20","heading":"Wrongful Act","page":6,"url":"https://indiainsurances.com/policy/generali-central-insurance/public-offering-of-securities-insurance-irdan132cplb0013v01201718/document/6142#c-3-20"},{"clause":"3.10","heading":"Offerings","page":5,"url":"https://indiainsurances.com/policy/generali-central-insurance/public-offering-of-securities-insurance-irdan132cplb0013v01201718/document/6142#c-3-10"}],"law":[]}],"documents":[{"kind":"wording","label":"Public Offering of Securities Insurance Policy Wordings","pages":14,"fetched_at":"2026-10-17 19:46:29+00","source_url":"https://www.generalicentralinsurance.com/downloads/commercial-insurance/public-offering-of-securities-insurance/policy-wording/public-offering-of-securities-insurance-policy-wrodings.pdf","url":"https://indiainsurances.com/policy/generali-central-insurance/public-offering-of-securities-insurance-irdan132cplb0013v01201718/document/6142"},{"kind":"wording","label":"Public offering of securities insurance (IRDAI copy)","pages":17,"fetched_at":"2026-10-20 00:38:15+00","source_url":"https://irdai.gov.in/documents/37343/993134/57_GEN1370.pdf/87282490-2377-bbac-520f-a0634bf8ca89?version=1.1&t=1668924469159&download=true","url":"https://indiainsurances.com/policy/generali-central-insurance/public-offering-of-securities-insurance-irdan132cplb0013v01201718/document/24121"}],"versions":[{"uin":"IRDAN132P0013V01201718","version":null,"approved_on":null},{"uin":"IRDAN132CPLB0013V01201718","version":null,"approved_on":null}],"where_to_buy":[{"purpose":"buy","kind":"insurer","name":"Generali Central Insurance official website","url":"https://www.generalicentralinsurance.com/","note":"Buy directly from the insurer."},{"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":"insurer","name":"Motor claim process","url":"https://www.generalicentralinsurance.com/motor-insurance/motor-claim-process","note":null},{"purpose":"claim","kind":"insurer","name":"Other claim process","url":"https://www.generalicentralinsurance.com/other-claim-process","note":null},{"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":"insurer","name":"Grievance redressal","url":"https://www.generalicentralinsurance.com/customer-service/grievance-redressal","note":null},{"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."},{"purpose":"renew","kind":"insurer","name":"Renewals","url":"https://www.generalicentralinsurance.com/renewals","note":null}],"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":"Public Offering of Securities Insurance (UIN IRDAN132CPLB0013V01201718), IndiaInsurances, https://indiainsurances.com/policy/generali-central-insurance/public-offering-of-securities-insurance-irdan132cplb0013v01201718"}