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Code of Conduct
Code of Conduct

COMPANY

CLIENT PROTECTION
  • Client/Prospects: The Employee shall make all efforts to protect the interest of our clients/prospects and shall render all possible assistance to our clients/prospects.
  • High Standards of Service: In the conduct of business, all Employees of the Company shall observe high standards of integrity, dignity, fairness, ethics, and professionalism in all dealings with clients, market intermediaries, regulatory bodies, principal companies, and other government authorities and all professional dealings shall be discharged in a prompt, effective and efficient manner. The Employee shall be responsible for his / her acts or omissions or commission.
  • Exercise of Due Diligence and no Collusion: In the conduct of business, all Employees of the Company shall observe high standards of integrity, dignity, fairness, ethics, and professionalism in all dealings with clients, market intermediaries, regulatory bodies, principal companies, and other government authorities and all professional dealings shall be discharged in a prompt, effective and efficient manner. The Employee shall be responsible for his / her acts or omissions or commissio n.
  • Confidentiality: The Employee shall at all times use his / her best endeavors to keep the information about our clients/prospects confidential and shall not disclose the same to any third party/person unless required by law or as required to fulfill legal obligations/discharge his/her day to day duty.
PROFESSIONAL SELLING PRACTICES

Annual travel insurance(also known as multi-trip travel insurance)  is an insurance policy that provides cover for those who travel more regularly, usually two or more holidays or business trips in 12 months. One doesn’t have to buy a policy for every trip instead one pays once at the time of buying the policy. It is best suited for regular flyers that go for vacations, for business or otherwise abroad. Thus, you must ensure that your travel is a safe one and you have the right cover to take care of any eventuality. Not only taking annual travel insurance in India gives you the convenience of not buying a policy each time when you travel but also has better value compared to single-trip policies. It is advisable that you invest in a suitable annual travel insurance policy now, rather than search for a policy last minute when you are about to travel. However, there is a certain limit on the number of days a person is travelling, according to which a maximum duration per trip will be 30 or 45 days. The features remain the same as of the single travel policy and it gives you a cover for a full year from the start date.

Student Travel Guard

It is a travel policy tailored specifically for students studying in a foreign university for academic courses. It is advisable to buy student travel insurance if you plan to stay abroad for a certain time period to pursue your education. A student travel plan offers great benefits and security for a student. The protection of a child ensures that a student secures total peace of mind in a foreign country. However, there are countries which have not made the concept of student travel insurance mandatory, they are advised to buy it as it is extremely important and beneficial in terms of finance and medical safety. In terms of finance, a student saves on the hefty cost of medical services abroad and in terms of medical a student is more prone to get quick treatment as any hospital does not hesitate to take a patient who is insured under an accepted student travel insurance plan. The universities abroad though have made insurance part of the fees package but the insurance is limited to facilities available within the university. Therefore, it’s always advisable to buy an annual student travel policy which should be renewed every year till the time your child is studying out of India.

  • Employees shall not use any unethical means to solicit, market, or induce any client/prospect to buy financial / investment products, policy(ies).
  • Employees shall not make any exaggerated statements regarding the performance of any unit-linked plans, policy, etc. Further, the employee agrees and undertakes not to pass any adverse, derogatory comment/statement about any of the Principal Company / Insurance Company, another intermediary (ies), regulatory authority(ies), government bodies, etc. Employee shall not assure or guarantee any return/s on investment unless otherwise provided in the principal/insurance company(ies) offer document/s/brochures, marketing material’s, etc., and in such case/s, the employee shall ensure that adequate documents/information is made available to the client/prospect and also maintained at his / her end for future reference.
  • Employee shall ensure that at all times Clients/prospects are provided with true and adequate information, without any misleading or exaggerated claims about their capability to render certain services or their achievements in regard to services rendered to other clients; Clients/prospects are made aware of attendant risks in the investment/taking out a policy before any investment decision is made by the client/prospect; copies of the insurance plan, memoranda, and related literature is/are made available to clients/prospects, as and when requested; complaints from clients/policyholders are fairly and expeditiously dealt with not to accept CASH from the clients/prospects for investment or for any other purpose, and not to accept money in the employees own name or in the name of our company and/or our associate companies/affiliates/group companies if any.
  • Employees in all their communications to clients/prospects shall not create unrealistic expectations; not induce clients/prospects by offering benefits which are extraneous to the plan/policy; not misrepresent either by stating information in a manner calculated to mislead or by omitting to state information which is material to make an informed decision.
DISBURSAL OF INFORMATION
  • Employees shall ensure that adequate disclosures are made to the clients/prospects in a comprehensible and timely manner so as to enable them to make a balanced and informed decision.
CONFLICT OF INTEREST
  • Employees shall avoid conflict of interest and make adequate disclosure of their interest and where any conflict of interest arises, shall take reasonable steps to resolve the same in an equitable manner. All employees shall make appropriate disclosure to the client/prospects and where ever applicable of its possible source or potential areas of conflict of duties and interest while rendering services that would impair their ability to render fair, objective, and unbiased services.
  • Employees shall not, either in their own name or in the name of their family members, or relatives indulge in any activity, business, and/or take insurance agency, surveyor license, etc., to the detriment of the business interest of the company. The term “Relative” shall have the meaning as assigned to it under the Companies Act, 2013, and the Rules framed thereunder (as amended from time to time).
  • Employees shall not accept any gift (in his / her own name or in the name of his / her family members) by whatever name is called exceeding a value of Rs.500/- from any of the client/prospect, principal company, or other intermediaries. Any gift (by whatever name called) exceeding a value of Rs.500/- shall be immediately disclosed to the HR Department/Head.
GOVERNANCE AND COMPLIANCE
  • Employees shall not engage in any fraudulent and manipulative activities, which is detrimental to the interest of the Company and/or the insurance industry.
  • All employees shall take adequate and necessary steps to ensure that continuity in data and record-keeping is maintained and that the data or records are not lost or destroyed. Employees shall also ensure that correct details of the client/prospect is recorded in the database of the company and shall also ensure that the up-to-date backup is always available and provided to the Company at reasonable intervals or at any time as may be requested by the Company.
  • Employees shall at all times take all necessary steps to keep the applicable regulatory certification/s including the IRDAI certification up-to-date and proactively take steps to update/themselves with the latest information etc.
  • Employees shall at all times act only in accordance with the instructions given (from time to time) by the Senior Management and shall co-operate with the Board / Seniors, or any authority designated by the Board/Seniors, as and when required and shall not make any untrue statement or suppress any material fact in any documents, reports, papers or information furnished, from time to time. 
  • Employees shall not neglect or fail or refuse to submit to the Board / Seniors / Company such books, documents, correspondence, and papers or any part thereof as may be demanded/requested, from time to time.
  • Employees shall maintain an appropriate level of knowledge and competency and abide by the provisions of any act, regulations, circulars, and guidelines of the Central Government, Insurance Regulatory and Development Authority of India, IBAI, or any other appropriate statutory or self-regulatory, or other body, as the case may be, and as may be applicable to the Company in respect of the business carried on by the Company.
  • Employees shall ensure that the Senior Management team including the Finance & Accounts team, and the Compliance & Legal team is/are promptly informed about any action, legal proceedings, or any material breach or non-compliance by it, of any law, rules, regulations, and directions of IRDAI or of any other regulatory body. Further, Team Member shall ensure that the Senior Management team including the Finance & Accounts team, and the Compliance & Legal team is/are promptly and in no event later than 24 hours is/are informed about any legal notice, communication, etc., received from the client, regulatory authorities, bodies, etc., and other person or entity and forward the copy of any such notice, etc.
  • Unless you are authorized on behalf of the Company, you shall not (directly or indirectly) (i) represent the Company, in any publicly accessible media (real-time or non-real-time); (ii) you shall not contribute by way of an article or otherwise in any publication, social media platforms, etc. Before representing and/or contributing anything to any insurance plan/products, you shall seek the prior written approval of the Principal Officer of the Company.
  • Employees must maintain knowledge of and comply with this Code of Conduct both in letter and in spirit.
REDRESSAL OF CLIENT GRIEVANCE
  • Employees shall ensure that the clients are made aware of the designated e-mail id for lodging their concerns/complaints/grievances directly with the client care team/client service team for speedy redressal.
  • Any complaint received by the employee from the client / regulatory authorities / principal companies shall be immediately sent at/to the designated e-mail id / HO for maintenance of complete records of all such concerns/grievances/complaints.
  • Team Member shall make endeavors to redress such concerns/complaints/grievances promptly and in a time-bound manner.
ANTI-CORRUPTION/ BRIBERY​

You shall not use the company funds or property for any illegal purposes, which is prohibited. Any breach of this clause, the Company shall at its sole discretion, terminate your employment including taking any legal action as per applicable laws.

HANDLING OF UNAUTHENTICATED MARKET-RELATED NEWS OR RUMORS

Employees and the Directors of the Company shall maintain the highest ethical standards and govern the conduct of the employees, with regard to the circulation of unauthenticated market-related news or rumors as it may be detrimental to the functioning and behavior of the insurance market/industry and the Company.

REGULATORY CERTIFICATION
  • Every employee engaged in providing solicitation of insurance products/schemes shall obtain applicable certification (including taking steps to renew the same) as may be mandated by the regulatory authority(ies) from time to time.
  • Employees shall ensure to inform the HR Department, immediately upon obtaining the said certification (including renewal thereof), without fail.
  • Employees shall extend all necessary cooperation to the HR Department for any and / all requirements.
ENFORCEMENT

The HR Department shall :

  • disseminate this Code of Conduct to all employees of the Company; >> make observance of this Code a condition of employment;
  • make violation of the provisions of the Code, a ground for disciplinary action;
  • designate the person(s) with primary responsibility for exercising compliance with authority to investigate possible violations and report to the Senior Management / Principal Officer of the Company.
NOTE
The Company may without prior notice amend/alter/modify this Code, as may be required due to regulatory reasons or otherwise, which shall then come immediate effect.

I have read and understood the Code of Conduct and agree to abide by the Code and agree to keep myself updated and abide by any such revised/modified/amended Code.