Multiple choice

A comprehensive cover drafted for the banks, NBFCs and other institutions who deal with operations involving money is known as

  1. Bankers indemnity policy

  2. Money insurance policy

  3. Burglary policy

  4. Consequential loss (CL) policy

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Bankers indemnity policy is a comprehensive cover drafted for the banks, NBFCs and other institutions who deal with operations involving money, considering the special risks faced by them regarding money and securities.