Crime Policy
Safeguards businesses from losses due to fraud, theft, and cybercrime.
Crime Insurance Policy is essential for businesses to safeguard against losses caused by criminal activities, especially those committed by employees. This insurance helps protect against embezzlement, fraud, theft, and other illegal activities that can harm a company’s financial stability. In an environment where internal fraud is a growing concern, a crime policy ensures businesses have the necessary coverage to protect their assets and reputation.
Key Benefits
- Protection from Employee Fraud covers losses from embezzlement or theft committed by employees.
- Financial Stability helps prevent financial damage from crimes like forgery or robbery.
- Client Property Security ensures protection against theft or damage to clients' property.
Health Cover Up
to ₹50 Lacs
What is Crime Policy?
A Crime Insurance Policy offers coverage for businesses against financial losses due to criminal activities, especially those perpetrated by employees. It protects companies from risks like fraud, theft, embezzlement, and other crimes that can damage operations and finances. This policy is crucial for maintaining financial stability and trust in business operations.
Why do you need Crime Policy?
Protect Your Business Assets
Safeguard your company's property and assets from internal and external threats.
Employee Accountability
Hold employees accountable and reduce the risk of internal criminal activities.
Minimize Financial Loss
Prevent significant financial setbacks caused by fraud or theft.
Ensure Client Trust
Protect client property and maintain trust by securing against theft or damage.
Why choose Insurance Manager to protect your business?
Comprehensive Protection for Your Workforce
Ensure employee well-being with complete health insurance coverage.
Comprehensive Protection for Your Workforce
Ensure employee well-being with complete health insurance coverage.
Cost-Effective Group Insurance Plans
Affordable plans with benefits like maternity, critical illness, and dependent coverage.
Cost-Effective Group Insurance Plans
Affordable plans with benefits like maternity, critical illness, and dependent coverage.
Peace of Mind for Employers and Employees
Reduce financial stress with cashless claims and reimbursement options.
Peace of Mind for Employers and Employees
Reduce financial stress with cashless claims and reimbursement options.
Boost Employee Productivity and Retention
Build loyalty and motivation by easing economic and mental burdens.
Boost Employee Productivity and Retention
Build loyalty and motivation by easing economic and mental burdens.
What does Crime Policy cover and exclude?
Plan Coverage
Employee Theft Coverage
Covers loss of money or property due to theft or forgery by an identifiable employee.
Premises Coverage
Protection against loss from destruction or theft of property on your premises by third parties.
Transit Coverage
Covers losses of money or securities during transit by third parties or authorized agents.
Depositors Forgery Coverage
Protection against fraudulent instruments, such as cheques, drawn on your accounts by third parties.
Computer Fraud Coverage
Covers losses resulting from computer fraud, including expenses incurred from violations.
Securities Theft Coverage
Covers the theft or loss of securities and financial assets due to criminal activity.
Robbery Protection
Provides coverage for losses from armed robbery or theft by third parties.
Forgery and Alteration Coverage
Protects against financial loss from forgery or alteration of documents, including cheques or securities.
- In-patient treatment 24 hours a day
- Pre-existing disease
- Pre and Post hospitalization
- Domiciliary hospitalization expenses
- Reimbursement of cost of health check-up
- All day care procedure
- Family floater to covers member’s immediate family such as a spouse, dependent children, dependent parents, etc.
- Maternity benefits
- Dental treatment
- Cost of spectacles, contact lenses
- Waiver of waiting period
- Waiver of first-year exclusions
- Reimbursement of ambulance costs
- Baby day one care
- Vaccination benefits
- Increased room rent limits
- Corporate buffer
- Out-patient treatment (OPD Card)
- Root canal surgery
- In-hospitalization expenses due to sickness or accidents
- Room and boarding expenses as provided by the hospital/nursing home.
- Nursing expenses.
- Surgeon, anesthetist, medical practitioner, consultants or specialist fees.
- Anesthesia, blood, oxygen, operation theatre charges, surgical appliances, medicines and drugs, diagnostic materials and X-Ray, dialysis or chemotherapy.
Major Exclusions
War and Civil War Exclusions
Losses arising from war, civil war, insurrection, rebellion, or military action.
Reproduction Costs
Losses related to the cost of reproducing lost or damaged records or manuscripts.
Income Loss Exclusion
Loss of income resulting from unlawful illegal criminal crime-related incidents.
Trade Secrets Loss
Excludes coverage for unauthorized loss of trade secrets due to criminal activity.
Letter of Credit Transactions
Sales under irrevocable and confirmed Letters of Credit are not covered.
Foreign Currency Fluctuations
Losses due to significant unexpected exchange rate changes are excluded.
Nuclear Risks
Does not cover losses related to nuclear incidents or radiation exposure.
War Between Major Nations
Excludes coverage for wars involving major nations or conflicts between the insured and buyer's countries.
- If the appropriate waiver is not opted for, then the policy will not cover
- Treatment of pre-existing illnesses.
- Any treatment for illnesses/diseases within the first 30 days of the policy, unless it is an accident.
- Treatment of specified illnesses for the first year of the policy.
- Certain diseases like hernia, cataract, piles, sinusitis, etc are excluded during the first year of operation in the cover.
- Any claim arising out of or traceable to pregnancy.
- Ayurvedic, homeopathy, naturopathy or any other form of local medication.
- Alcoholism, drug abuse, and AIDS.
- Dental treatment or surgery unless it requires hospitalization.
- Cost of spectacles.
- Vaccination and inoculation.
- Cosmetic treatment.
Your Journey to Insurance Manager
When can I Claim?
A claim under Crime Policy can be registered in the below circumstances:
- Employee Theft or Fraud: When employees steal company assets or commit fraud.
- Robbery or Burglary: If the company falls victim to robbery or burglary.
- Forgery or Embezzlement: In cases where financial losses arise from acts of forgery or embezzlement.
Claim what’s yours with Insurance Manager
Have more questions?
Submission
Assessment
