Jul 18, 2008

What is the limit of indemnity under the Stockbrokers insurance policy?

Under the Stockbrokers insurance policy, the limit of indemnity or the maximum amount payable in the event of a claim is

Stockbroker

Rs.5,00,000 per registered stockbroker and


Rs.1,00,00,000 for all registered members / stockbrokers for the entire policy period
Joint Stock companies

Rs.10,000 per shareholder


Rs.10,00,000 for the entire policy period
Mutual Funds

Rs.20,000 per certificate holder


Rs.20,00,000 limit for the entire policy period
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