Current Affairs - Business - Discussion

IFFCO Tokio General Insurance launched 'bank locker protector policy', the first stand-alone bank locker cover offered by any insurance company with a plan to protect the contents of a bank locker such as jewelry, title documents, and other valuables. The policy offers a cover against various risks including fire, earthquake, burglary, holdup, infidelity by a bank staff or any act of terrorism. Important documents kept in a locker can also be insured under the policy as an add-on cover. The policy can be sold both as a retail and a group policy for banks.