IFFCO-Tokio GIC Launches first of its kind Policy to Protect Individual Directors and KMPs from Liability and Claims

IFFCO-Tokio General Insurance Company, a joint venture between Indian Farmers Fertilizer Co-operative (IFFCO) and Japan’s Tokio Marine Group, has launched a new policy for Directors and Key Management Personnel (KMPs) which can be bought on individual basis. It covers defense costs, litigation expenses and compensation that Directors & KMPs may have to face because of allegations levied against them while performing their directorial, managerial & supervisory role.

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Source: https://www.siliconindia.com/news/startups/iffcotokio-gic-launches-first-of-its-kind-policy-to-protect-individual-directors-and-kmps-from-liability-and-claims-nid-230430-cid-19.html