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Non Life Insurance - What is the limit of indemnity under the Stockbrokers insurance policy?
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icy, 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 and Rs.10,00,000 for the entire policy period.
  • Mutual Funds:
    Rs.20,000 per certificate holder and Rs.20,00,000 limit for the entire policy period.