Fidelity Guarantee Insurance  
This insurance provides coverage in respect of all direct pecuniary loss as the Insured shall sustain by all acts of fraud or dishonesty committed by any employee insured and discovered within the insurance period or within six months thereafter or within six months after the termination of employment of the insured employee.

Coverage is generally sought for employees who are likely to cause pecuniary loss because of their constant exposure to cash, stocks or other assets.

Examples of Infidelity: Theft, Misappropriation of funds, False conversion of money or stock or forgery. Cover can be arranged on one of the following basis:

  • Blanket basis - An adequate limit to cover all employees.
  • Collective basis - An adequate limit to cover selected employees or occupations
  • Individual basis - An adequate limit to cover selected employees