IRDAI License Number: IRDAI/INT/ISNP/2022/250

Corporate Kidnap & Ransom Policy
Corporate Kidnap & Ransom Policy
  • Cover defense cost
  • Legal advice, if required
  • Covernote/Risk Held Letter/Binder Letter Issued immediately after premium payment to the insurance company
  • Get comparative quotes from leading public sector and private insurance companies
Corporate Kidnap & Ransom Policy
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Introduction
Who can take this Policy?
Coverage
Add on Covers
Basis of Sum lnsured
Exclusions
Introduction

Who can take this Policy?

Coverage

Add on Covers

Basis of Sum lnsured

Exclusions

Why Choose PolicyLo.com

Professional and Experienced Team
Professional and Experienced Team
Customized Solutions
Customized Solutions
Strong Relationship With Insurance Companies
Strong Relationship With Insurance Companies
Service Commitment Ontime Everytime
Service Commitment Ontime Everytime
Technological Edge
Technological Edge
Additional Services Offered
Additional Services Offered
Competitive Premium
Competitive Premium
Single Window Solution
Single Window Solution

Important Points to remember while Buying the Policy

Adequate Sum Insured - To Avoid Underinsurance
Ensure that assets should be covered under the right entity/company
Risk Location/s should be properly mentioned
Downloads
Proposal Form
Proposal Form  
Policy Wordings
Policy Wordings  
Claim Form
Claim Form  
Key Documents
General Claim Intimation Format
General Claim
Intimation Format
Immediate Action Client Should Take
Immediate Action Client
Should Take
Indicative General Documents
                            for Settlement of Claims
Indicative General Documents
for Settlement of Claims

Our Insurance Partners

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Claim Case Study - 1

1
Situation
Situation

A businessman from jewellery industry was kidnapped while driving back to his home . The victim was blindfolded and was frequently moved to different locations within the first few hours of kidnap.

2
Challenge
Challenge

The amount demanded by the kidnapper was very high and beyoud the limit of liability as per the Insurance policy

3
Solution
Solution

"With the guidance of K&R consultants, an undisclosed ransom was paid and the victim was released. The consultants worked closely with local police during the incident. The co-operation of the consultants ultimately resulted in the arrest of the perpetrators. "

4
Advisory/Conclusion
Advisory/Conclusion

Whenever such incident occurs it is advisable to consult with the insurer immediately and discuss with them how to handle the case. Many a times insurance companies have consultants who can give a better advise.

Claim Case Study - 2

1
Situation
Situation

A child was kidnapped from the school mistakenly assummed to be the child of the business man. The kidnapper demanded huge amount of money.

2
Challenge
Challenge

The parents of the child was not in a position to pay the amount demanded and was afraid if their child would be safe or not.

3
Solution
Solution

with the help of the consultant appointed by the Insurer it was possible to trace the kidnapper fast. The child was safe and more over no ransom was paid to the kidnapper.

4
Advisory/Conclusion
Advisory/Conclusion

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