Other InsurancesFidelity Guarantee Insurance

Fidelity Guarantee Insurance

Email *
Full Name *
Phone *


Fidelity Guarantee Insurance

Fidelity Guarantee insurance is a policy that indemnifies the employer against all direct pecuniary loss; the employer may sustain by any act of fraud or dishonesty committed by any insured employee. Fidelity guarantee is a type of insurance that is purchased by an employer to protect against losses that are not under general policies for theft or burglary. It does not guarantee the employee's honesty, but it guarantees that if the employer suffers any direct financial loss arising out of the employee's dishonesty the insurers share indemnifies the said loss to the employer within the limitations prescribed by the contract.


The Company agrees to indemnify the insured against a direct pecuniary loss sustained because of any act of fraud/dishonesty committed

  • On or after the date of commencement of this policy
  • During uninterrupted service with the Insured and discovered during the continuance of this policy or within twelve calendar months of the expiration thereof
  • In the case of death, dismissal, or retirement of the employee with twelve calendar months of such death, dismissal or retirement, whichever of these events shall first happen.

Key Benefits

  • The fidelity insurance policy covers theft of funds committed by the employees
  • The fidelity insurance provides coverage for loss of business assets such as property, stock certificates, or any other assets
  • The fidelity insurance provides protection against loss of customer's property caused by dishonest acts of an employee
  • The fidelity insurance protects the business from financial crises coming from a small portion of the workforce (dishonest employees) which can affect the entire business and other employees.
  • The fidelity insurance protects the reputation of business along with ensuring absolute transparency in supervision and accountability requirements within the business.


The cover provided includes reimbursement for loss resulting from:

  • Dishonesty
  • Fraud
  • Loss of property,
  • Loss from loans or trading
  • Forgery
  • Embezzlement
  • Larceny
  • Fraudulent conversion of money or money's worth or goods


  • Loss arising out of the suppression of fact, affecting the risk at the time of policy issuance
  • Change in the circumstances or conditions of the said employment, without the consent of the insurer
  • More than one claim in respect of any one employee
  • Loss arising outside India
  • Loss due to non-observance or relaxation of the system of checks and precautions
  • Loss by any act committed subsequent to an earlier act of dishonesty/fraud that had come to your notice
  • Loss discovered more than 12 months after the termination, either of the guarantee or of the service of the employee concerned
  • Losses such as stock-taking shortages, trading losses, are not caused by fraud or dishonesty
  • Costs, fees, and other expenses incurred by the Insured in establishing the loss
  • All Consequential losses
  • Costs of defending any legal proceedings
  • Loss of and / or damage to proprietary information or other confidential information of any kind
  • Fraud/dishonesty of a known dishonest employee

Claim Process

In the event of loss, following are immediate actions to be taken

  • To take all steps to reduce and minimize the extent of loss damage and liability.
  • Proximate cause of the loss and assess the type/extent and whether it is within the scope of the policy.
  • To extend full co-operation to the insurer and the surveyor appointed for completion of the survey work and proper assessment of the loss.
  • Produce all such records and proof as may be required by the surveyor or the insurer for arriving at the extent of loss and the liability under policy.
  • Provide documents such as, claim form, Claim bill, copy of policy etc.
  • Keep the damaged property under the safe custody until advised by the surveyor/insurer regarding its disposal.
  • Identification of the subject matter insured

Why Choose PrishaPolicy

5 Reasons why you should choose us to be your policy issuing partner of choice. Allow us to tell you why we are one of the fastest growing insurance brokers.

Customer-Centric Culture

For us, you always come first. Our products and services are designed to find the best coverage for all.

A Decade of Market Leadership

Our teams expertise and experience makes them the perfect guides in choosing a policy that fits your needs.

Reliable and Consistent

Rest assured that everything will be taken care of without a glitch. From shortlisting to claims processing & delivering promises without a hitch.

Guided Policy Assistance

Our experts are forever ready to assist you through each policy detail with a fine-tooth comb.

Claims Assistance

Our DNA prompts - Sales is incomplete without timely support. From start to end, we facilitate smooth processing from lodging to settlement.

Still Thinking About It?

Get on a call with us. We take pride in being associated with you for competitively managing your risks with the best insurance covers and delivering a stress-free experience.

Full Name *
Email *
Phone *

Questions You Might Have

What is General Insurance and what are the different kinds of General Insurance?

General Insurance is essentially Non-Life Insurance. It offers protective coverage for assets other than life. Depending on the kind of asset insured, there are different kinds of General Insurance, such as:
  • Health Insurance, which insures the health of the policyholder
  • Home Insurance, which covers residential properties
  • Vehicle Insurance, which covers automobiles, cars, and other kinds of vehicles, depending on the specific terms of the policy
  • Travel Insurance, which insures the policyholder against several mishaps/accidents that could occur during travel
  • Can I buy General Insurance online? And is it safe to do so?

    Buying General Insurance online is certainly possible. In fact, a number of insurance service providers, including ICICI Bank, offer the option to avail of General Insurance coverage online. And while we're on this subject, it's not only safe to buy General Insurance online, it's also beneficial in a number of other ways. The advantages of buying insurance online include quicker and easier application, lower premiums and the ability to read the documentation first-hand.

    What is the eligibility criteria for purchasing General Insurance?

    The exact eligibility criteria for General Insurance depends on the kind of insurance you are looking for, the terms associated with the policy and the insurance provider you choose. Different kinds of insurance pose different insurance eligibility criteria. For instance, Health Insurance policies may contain age limits and require you to undergo a medical examination. Travel Insurance may come with eligibility criteria related to the nature of travel. To truly understand the eligibility criteria, it is best to read the terms and conditions of the policy carefully.