ICAI signs MOU for Insurance against Professional Indemnity for CAs. - (10-02-2011)
CA. Amarjit Chopra, President, ICAI has signed an MOU with New India Assurance
Co. Ltd. on 10th February 2011 extending facility for insurance against
professional indemnity for members and CA Firms. Mr. Virander Kumar, Genral
Manager, New India Assurance Co. Ltd. while signing the MOU on behalf of
the Company stated that MOU provided cushioned insurance scheme for CAs
being offered at heavily discounted rate for ICAI.
The scheme provides indemnity insurance for members covering risk of Rs
10 lakhs with extension of allied professional colleagues and for CA Firms
including partners coverage of Rs 1 to 2 crores. This is a renewable scheme
for 12 months applicable to all the members and CA Firms of ICAI.