INSURANCE
SERVICES

CMP Dialogues: Elevating Excellence (preview 2mins)

Home / CMP Benefits / Professional Indemnity Insurance Policy by New India Assurance
Professional Indemnity Insurance Policy by New India Assurance
Image

About

This policy protects Chartered Accountants and their firms against legal liabilities arising from professional errors, omissions, or negligence during the policy period. It covers claims including defense costs and extends to acts committed by predecessors or employees. Optional retroactive coverage and an extended reporting period are available.

Benefits

Members receive comprehensive protection against professional liability claims, including legal defense expenses. The policy also provides retroactive coverage, an extended reporting window for claims, and financial protection for the firm against professional errors.

Discounted Pricing for ICAI Members

Premium rates: Flat rate 0.05% p.a. plus GST on a Sum Insured: Min Rs. 50 lacs to max Rs. 5 Cr.

How to Avail the NIA professional Indemnity Insurance Service

Members may avail this policy online:

  1. Visit the Portal: Go to https://icai.newindia.co.in/Account/Home.aspx.
  2. Login: Use your ICAI membership number to access your account.
  3. Complete Proposal Form: Fill in the required details for the insurance policy.
  4. Pay Premium: Make a secure digital payment online.
  5. Download Documents: Instantly access your policy documents and premium certificates from your dashboard.

Contact Information

For Assistance, members may please connect with New India Assurance officials:

  • Level I: Mr. Amit Chaure (Administrative officer): +91-8668610420, Email: amit.chaure@newindia.co.in.
  • Level II: Mr. Raj Kumar Lal (Administrative officer): +91-7060117715, Email: raj.lal@newindia.co.in
  • Level III: Mr. Minesh Prakash (Chief Business Manager): +91-7208079990, Email: minesh.prakash@newindia.co.in
For Brochure

Disclaimer:
ICAI, through CMP, acts solely as a facilitator for these initiatives. All services are delivered directly by respective providers. It does not endorse or guarantee the quality, reliability, or accuracy of these offerings. Members are advised to exercise independent judgment and due diligence before availing any product or service. ICAI shall not be liable for any loss or damage arising from their use.