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India: New law boosts demand for D&O liability insurance

April 24, 2014 - 6:14am

Organizations in India are increasingly purchasing directors and officers liability insurance policies to keep up with the new Companies Act that came into effect on April 1, The Hindu Business Line reported.

Sushant Sarin, senior vice-president of commercial lines at Tata AIG General Insurance Co. Ltd., said there had been "a significant uptick in D&O policy sales ever since the new sections were notified in November 2013." Mr. Sarin added that companies that already have this policy "are increasing their cover."

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