{"uin":"IRDAN149RPLB0030V01202425","name":"Public Offerings of Securities Insurance Policy","url":"https://indiainsurances.com/policy/magma-general-insurance/public-offerings-of-securities-insurance-policy-irdan149rplb0030v01202425","insurer":{"slug":"magma-general-insurance","name":"Magma General Insurance Limited","url":"https://indiainsurances.com/insurer/magma-general-insurance"},"line":"general","category":"other-general","category_name":"Other general insurance","irdai_type":null,"kind":"product","status":"active","approved_on":null,"withdrawn_on":null,"summary":"This is a claims-made Public Offerings of Securities Insurance Policy covering Loss from Claims first made during the Policy Period for insured persons, companies, underwriters reimbursement, controlling shareholders and selling shareholders. It applies to Securities Violations or Claims made anywhere in the world, with notice required as soon as reasonably practicable within the Policy Period.","analysis":{"state":"machine","analysed_at":"2026-10-20 05:33:31.101392+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":null,"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":"quote-verified","value":"Usually up to 10 years from the date of filing the DRHP.","display":"Usually upto 10 years from the date of filing the DRHP","note":"From the prospectus; the policy wording defines the Policy Period by reference to the Schedule.","quote":"Policy Period means the period set forth in the SCHEDULE. ... It’s a long term policy usually for upto 10 years from the date of filing the DRHP.","sources":[{"clause":"2.17","heading":"Policy Period","page":5,"url":"https://indiainsurances.com/policy/magma-general-insurance/public-offerings-of-securities-insurance-policy-irdan149rplb0030v01202425/document/12626#c-2-17"},{"clause":null,"heading":"What does a Public Offering of Securities Insurance Policy Cover?","page":2,"url":"https://indiainsurances.com/policy/magma-general-insurance/public-offerings-of-securities-insurance-policy-irdan149rplb0030v01202425/document/12537#c-what-does-a-public-offering-of-securities-insura"}],"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 with full details must be given as soon as reasonably practicable within the Policy Period. If it was not reasonably practicable to give notice during the Policy Period, notice must be given within thirty (30) days of expiry.","display":"As soon as reasonably practicable within the Policy Period; if not practicable, within thirty (30) days of expiry","note":null,"quote":"The Insured shall give written notice, including full details, to the Insurer of any Claim as soon as reasonably practicable within the Policy Period in accordance with GENERAL CONDITION below and, where it has not been reasonably practicable for the Insured to give notice during the Policy Period, then notice shall be given within thirty (30) days of the date of expiration of the Policy Period.","sources":[{"clause":"5.1","heading":"NOTICE","page":9,"url":"https://indiainsurances.com/policy/magma-general-insurance/public-offerings-of-securities-insurance-policy-irdan149rplb0030v01202425/document/12626#c-5-1"}],"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":"not-stated","value":null,"display":null,"note":"The wording requires written notice with full details and cooperation, but does not list claim documents.","quote":null,"sources":[],"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":"not-stated","value":null,"display":null,"note":null,"quote":null,"sources":[],"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":["the gaining by any Insured or Underwriter of any profit or advantage to which such Insured or Underwriter was not legally entitled","the commission by any Insured or Underwriter of any deliberately fraudulent or dishonest act","breach of trust, fiduciary duty or negligence in relation to any retirement, pension, profit sharing, welfare or employee benefit programme or scheme","Any Claim brought or maintained in the United States of America by or on behalf, at the instigation, or with the cooperation of, any Insured, Company or Underwriter","facts or circumstances underlying or alleged, or to the same or related or continuous or repeated Securities Violation alleged or contained, in any claim which has been reported","any pending or prior civil, criminal, administrative or regulatory proceeding, investigation, arbitration, demand or adjudication as of the Continuity Date stated in the SCHEDULE","the Underwriter’s actual or alleged breach of duty in relation to the performance or non-performance of professional services in connection with the Securities Offering"],"display":"Unlawful Conduct; Trustee Liability; Insured V. Insured; Prior Acts; Prior or Pending Litigation; Professional Liability","note":null,"quote":"The Insurer will not be liable to make any payment for Loss resulting from: ... a) the gaining by any Insured or Underwriter of any profit or advantage to which such Insured or Underwriter was not legally entitled; ... b) arising out of, based upon or attributable to the commission by any Insured or Underwriter of any deliberately fraudulent or dishonest act; ... Any Claim arising out of, based upon or attributable to breach of trust, fiduciary duty or negligence in relation to any retirement, pension, profit sharing, welfare or employee benefit programme or scheme established by the Company for the benefit of its directors, officers or employees, or for any breach of an Insured’s responsibilities imposed by laws in respect of the forgoing. ... INSURED V. INSURED Any Claim brought or maintained in the United States of America by or on behalf, at the instigation, or with the cooperation of, any Insured, Company or Underwriter. ... Any Claim arising out of, based upon or attributable to facts or circumstances underlying or alleged, or to the same or related or continuous or repeated Securities Violation alleged or contained, in any claim which has been reported, or with respect to which any notice has been, under any policy of which this Policy is a renewal or replacement or which it may succeed in time; ... Any Claim arising out of, based upon or attributable to any pending or prior civil, criminal, administrative or regulatory proceeding, investigation, arbitration, demand or adjudication as of the Continuity Date stated in the SCHEDULE, or alleging or derived from the same or essentially the same facts or circumstances as alleged in such pending or prior proceeding, investigation, arbitration, demand or adjudication. ... Any Claim arising out of, based upon or attributable to the Underwriter’s actual or alleged breach of duty in relation to the performance or non-performance of professional services in connection with the Securities Offering, or any actual or alleged act, error, misstatement, misleading statement, omission, or breach of contract or agreement relating to such performance or failure to perform unless and to the extent the relevant Insured is directly and legally liable for the Loss by reason of its own independent acts or defaults.","sources":[{"clause":"3","heading":"EXCLUSIONS","page":6,"url":"https://indiainsurances.com/policy/magma-general-insurance/public-offerings-of-securities-insurance-policy-irdan149rplb0030v01202425/document/12626#c-3"},{"clause":"3.1(a)","heading":null,"page":7,"url":"https://indiainsurances.com/policy/magma-general-insurance/public-offerings-of-securities-insurance-policy-irdan149rplb0030v01202425/document/12626#c-3-1-a"},{"clause":"3.1(b)","heading":null,"page":7,"url":"https://indiainsurances.com/policy/magma-general-insurance/public-offerings-of-securities-insurance-policy-irdan149rplb0030v01202425/document/12626#c-3-1-b"},{"clause":"3.2","heading":"TRUSTEE LIABILITY","page":7,"url":"https://indiainsurances.com/policy/magma-general-insurance/public-offerings-of-securities-insurance-policy-irdan149rplb0030v01202425/document/12626#c-3-2"},{"clause":"3.3","heading":null,"page":7,"url":"https://indiainsurances.com/policy/magma-general-insurance/public-offerings-of-securities-insurance-policy-irdan149rplb0030v01202425/document/12626#c-3-3"},{"clause":"3.4","heading":"PRIOR ACTS","page":7,"url":"https://indiainsurances.com/policy/magma-general-insurance/public-offerings-of-securities-insurance-policy-irdan149rplb0030v01202425/document/12626#c-3-4"},{"clause":"3.5","heading":"PRIOR OR PENDING LITIGATION","page":7,"url":"https://indiainsurances.com/policy/magma-general-insurance/public-offerings-of-securities-insurance-policy-irdan149rplb0030v01202425/document/12626#c-3-5"},{"clause":"3.6","heading":"PROFESSIONAL LIABILITY","page":7,"url":"https://indiainsurances.com/policy/magma-general-insurance/public-offerings-of-securities-insurance-policy-irdan149rplb0030v01202425/document/12626#c-3-6"}],"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 queries, requests or clarifications, contact the nearest branch or insurance broker first. If dissatisfied, approach the Grievance Redressed Officer by writing to customercare@magmainsurance.com.","display":"Nearest branch or insurance broker first; then Grievance Redressed Officer at customercare@magmainsurance.com","note":null,"quote":"In case you have any queries/ requests/ clarifications, you can get in touch with our nearest branch or your insurance broker for the same. ... Insured may approach the person nominated as 'Grievance Redressed Officer' with the details of their grievance: ... Please write to us at customercare@magmainsurance.com, or at the following address:","sources":[{"clause":"6.11","heading":"GRIEVANCE CLAUSE","page":14,"url":"https://indiainsurances.com/policy/magma-general-insurance/public-offerings-of-securities-insurance-policy-irdan149rplb0030v01202425/document/12626#c-6-11"}],"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":["INSURED PERSON COVER","COMPANY REIMBURSEMENT","COMPANY COVER","COMPANY REIMBURSEMENT FOR UNDERWRITERS","CONTROLLING SHAREHOLDER COVER","SELLING SHAREHOLDER COVER","INVESTIGATION COSTS"],"display":"Insured Person Cover; Company Reimbursement; Company Cover; Company Reimbursement for Underwriters; Controlling Shareholder Cover; Selling Shareholder Cover; Investigation Costs","note":"Investigation Costs are subject to the Sub-Limit specified in the Schedule.","quote":"The Insurer shall pay to or on behalf of any Insured Person any Loss resulting from any Claim first made during the Policy Period except to the extent that the Company has indemnified or advanced such Loss to or on behalf of the Insured Person. ... The Insurer shall pay to or on behalf of any Company any Loss resulting from a Claim first made during the Policy Period, if and to the extent that such Company has indemnified or advanced such Loss to or on behalf of an Insured Person. ... The Insurer shall pay to or on behalf of any Company any Loss resulting from any Claim first made during the Policy Period. ... The Insurer shall reimburse the Company any Loss which the Company has paid to or on behalf of the Underwriter as indemnification or advance payment pursuant to an enforceable obligation under the Underwriting Agreement in respect of a Claim first made against the Underwriter during the Policy Period. ... The Insurer shall pay to or on behalf of the Controlling Shareholder any Loss arising from any Claim first made during the Policy. ... The Insurer shall pay to or on behalf of the Selling Shareholder any Loss arising from any Claim first made during the Policy Period. ... This Policy shall be extended to cover any Insured Person’s Investigation Costs arising out of the Insured Person’s preparation for or attendance at any Investigation first commenced during the Policy Period relating to any matters existing prior to the Expiration Date subject to the Sub-Limit specified in the SCHEDULE.","sources":[{"clause":"1.1","heading":"INSURED PERSON COVER","page":2,"url":"https://indiainsurances.com/policy/magma-general-insurance/public-offerings-of-securities-insurance-policy-irdan149rplb0030v01202425/document/12626#c-1-1"},{"clause":"1.2","heading":"COMPANY REIMBURSEMENT","page":2,"url":"https://indiainsurances.com/policy/magma-general-insurance/public-offerings-of-securities-insurance-policy-irdan149rplb0030v01202425/document/12626#c-1-2"},{"clause":"1.3","heading":"COMPANY COVER","page":2,"url":"https://indiainsurances.com/policy/magma-general-insurance/public-offerings-of-securities-insurance-policy-irdan149rplb0030v01202425/document/12626#c-1-3"},{"clause":"1.4","heading":"COMPANY REIMBURSEMENT FOR UNDERWRITERS","page":2,"url":"https://indiainsurances.com/policy/magma-general-insurance/public-offerings-of-securities-insurance-policy-irdan149rplb0030v01202425/document/12626#c-1-4"},{"clause":"1.5","heading":"CONTROLLING SHAREHOLDER COVER","page":2,"url":"https://indiainsurances.com/policy/magma-general-insurance/public-offerings-of-securities-insurance-policy-irdan149rplb0030v01202425/document/12626#c-1-5"},{"clause":"1.6","heading":"SELLING SHAREHOLDER COVER","page":2,"url":"https://indiainsurances.com/policy/magma-general-insurance/public-offerings-of-securities-insurance-policy-irdan149rplb0030v01202425/document/12626#c-1-6"},{"clause":"4.1","heading":"INVESTIGATION COSTS","page":7,"url":"https://indiainsurances.com/policy/magma-general-insurance/public-offerings-of-securities-insurance-policy-irdan149rplb0030v01202425/document/12626#c-4-1"}],"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 says the Retention is set out in the Schedule and borne by the insured, but the amount is not printed in the provided documents.","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 terminate the policy at any time by written notice. If the policy term is up to one year and no claim has been made, the insurer refunds proportionate premium for the unexpired policy period; if the term is more than one year, it refunds premium for the unexpired policy period where risk coverage for those policy years has not commenced.","display":"Proportionate premium for unexpired period if term is up to one year and no claim; unexpired-period premium if term is more than one year and risk coverage has not commenced","note":null,"quote":"“This policy may be terminated by the insured at any time by giving Us notice in writing. If You cancel the policy, we will: ... a) Refund the proportionate premium for unexpired policy period, if the term of the policy is up to one year and there is no claim(s) made during the policy period. ... b) Refund the premium for the unexpired policy period, if the term of the policy is more than one year and the risk coverage for such policy years has not commenced.","sources":[{"clause":"6.4","heading":"PAYMENT OF PREMIUM","page":12,"url":"https://indiainsurances.com/policy/magma-general-insurance/public-offerings-of-securities-insurance-policy-irdan149rplb0030v01202425/document/12626#c-6-4"},{"clause":"6.4(a)","heading":null,"page":12,"url":"https://indiainsurances.com/policy/magma-general-insurance/public-offerings-of-securities-insurance-policy-irdan149rplb0030v01202425/document/12626#c-6-4-a"},{"clause":"6.4(b)","heading":null,"page":12,"url":"https://indiainsurances.com/policy/magma-general-insurance/public-offerings-of-securities-insurance-policy-irdan149rplb0030v01202425/document/12626#c-6-4-b"}],"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":"The policy applies to Securities Violations actually or allegedly taking place or Claims made anywhere in the world.","display":"Anywhere in the world","note":null,"quote":"This Policy applies to Securities Violations actually or allegedly taking place or Claims made anywhere in the world.","sources":[{"clause":"6.9","heading":"TERRITORY","page":13,"url":"https://indiainsurances.com/policy/magma-general-insurance/public-offerings-of-securities-insurance-policy-irdan149rplb0030v01202425/document/12626#c-6-9"}],"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 Loss from Claims for Securities Violations relating to the Securities Offering. The Securities Offering is the offering specified in the Schedule and any Negotiations.","display":"Loss from Claims for Securities Violations relating to the Securities Offering","note":null,"quote":"Loss means:\na) Defence Costs; and\nb) any amounts that an Insured or Underwriter is legally obliged to pay as a result of a Claim including: ... b) any civil (including arbitration and other alternative dispute resolution), criminal, regulatory or administrative proceeding, for any Securities Violation, which is brought or served against an Insured or, solely for the purpose of INSURING AGREEMENT 1.4, against an Underwriter, and which is deemed to be made upon receipt by or service upon the Insured or Underwriter, whichever is earlier. ... Securities Offering means:\na) the offering specified in the SCHEDULE;\nb) any Negotiations. ... b) or any matter that occurred, on or before the date of the filing or issuance of the Security Offering’s prospectus or admission of the Securities for listing on an approved exchange, whichever is the later, and claimed against an Insured or Underwriter solely by reason of their capacity and which relates to the Securities Offering, and which, if proved, would amount to a violation or infringement of any statute, regulation or rule of law applicable to the Securities Offering or the Offering Documents.","sources":[{"clause":"2.12","heading":"Loss","page":4,"url":"https://indiainsurances.com/policy/magma-general-insurance/public-offerings-of-securities-insurance-policy-irdan149rplb0030v01202425/document/12626#c-2-12"},{"clause":"2.1(b)","heading":null,"page":2,"url":"https://indiainsurances.com/policy/magma-general-insurance/public-offerings-of-securities-insurance-policy-irdan149rplb0030v01202425/document/12626#c-2-1-b"},{"clause":"2.23","heading":"Securities Offering","page":5,"url":"https://indiainsurances.com/policy/magma-general-insurance/public-offerings-of-securities-insurance-policy-irdan149rplb0030v01202425/document/12626#c-2-23"},{"clause":"2.24(b)","heading":null,"page":6,"url":"https://indiainsurances.com/policy/magma-general-insurance/public-offerings-of-securities-insurance-policy-irdan149rplb0030v01202425/document/12626#c-2-24-b"}],"law":[]}],"documents":[{"kind":"wording","label":"Policy Wordings - Public Offerings of Securities Insurance Policy","pages":18,"fetched_at":"2026-10-17 19:57:50+00","source_url":"https://www.magmainsurance.com/documents/5553002/0/Policy+Wordings+-+Public+Offerings+of+Securities+Insurance+Policy.pdf/3b6c6c14-ae64-4d22-754e-4e18df41f260?t=1789044352323","url":"https://indiainsurances.com/policy/magma-general-insurance/public-offerings-of-securities-insurance-policy-irdan149rplb0030v01202425/document/12626"},{"kind":"prospectus","label":"Prospectus - Public Offerings of Securities Insurance Policy","pages":4,"fetched_at":"2026-10-17 19:54:33+00","source_url":"https://www.magmainsurance.com/documents/5553002/0/Prospectus+-+Public+Offerings+of+Securities+Insurance+Policy.pdf/a0368e4e-3617-c8b9-c9f8-70d66488f08d?t=1789044353402","url":"https://indiainsurances.com/policy/magma-general-insurance/public-offerings-of-securities-insurance-policy-irdan149rplb0030v01202425/document/12537"}],"versions":[],"where_to_buy":[{"purpose":"buy","kind":"insurer","name":"Magma General Insurance official website","url":"https://www.magmainsurance.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":"Claims","url":"https://www.magmainsurance.com/web/magmainsurance/claims","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.magmainsurance.com/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":"Renewal","url":"https://www.magmainsurance.com/renewal","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 Offerings of Securities Insurance Policy (UIN IRDAN149RPLB0030V01202425), IndiaInsurances, https://indiainsurances.com/policy/magma-general-insurance/public-offerings-of-securities-insurance-policy-irdan149rplb0030v01202425"}