23rd September 2013





Trading members of the Exchange are aware that SEBI vide its Circular No. SMD/SED/RCG/270/96, dated January 19, 1996, has mandated brokers of all Stock Exchange to have an insurance cover.   It is observed that many trading members of this Exchange have not taken insurance coverage under “Stock Brokers Indemnity Insurance Policy” offered by any one of the insurance companies.

For the convenience of the trading members of the Exchange, the Exchange officials have followed up the matter with some of the insurance companies namely, The New India Assurance Co. Ltd, The Oriental Insurance Company Ltd. and the Iffco Tokio General Insurance Co. Ltd, and received their proposals for Stock Brokers Indemnity Insurance Policy. Accordingly, Premium Chart, Policy Features along with Proposal-cum-Questionnaire Form, received from these Insurance Companies are given in the Annexure to this Notice.


All the active members of CSE are advised to get sufficient coverage of insurance either with any one of the insurance companies or any other insurance company of their choice at the earliest for the year 2013-14 and submit a copy of insurance premium receipt to the Exchange by 31st October 2013.


Although, details of premium and policy features are given in the annexure, interested trading may call upon the following officials of the above insurance companies for further information in this regard.



Insurance Company


Contact No.

New India Assurance Co. Ltd.

Mr. Deepak Pathare

093239 70275

The Oriental Insurance Co. Ltd:

Mr. Shelly Dheer

099300 58097

IffcoTokio General Insurance Co. Ltd

Mr.Sayantan Roy

084201 09485




MAV Raju





Oriental Insurance premium rate, policy terms and conditions for members.pdf


New India  premium rate, policy terms and conditions for members.pdf


IFFCO Tokio premium rate, policy terms and conditions for members.rar